Common use of Collateral Agent To Retain Moneys during Event of Default Clause in Contracts

Collateral Agent To Retain Moneys during Event of Default. If an Event of Default shall have occurred and be continuing, moneys held by the Collateral Agent as a part of the Pledged Collateral shall not be paid over to the Borrower upon Borrower Order except pursuant to Section 5.03.

Appears in 11 contracts

Samples: And Consolidated Pledge Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), And Consolidated Pledge Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), And Consolidated Pledge Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Collateral Agent To Retain Moneys during Event of Default. If an Event of Default shall have occurred and be continuing, moneys held by the Collateral Agent as a part of the Pledged Collateral shall not be paid over to the Borrower upon Borrower Order except pursuant to Section 5.03.. ARTICLE V

Appears in 2 contracts

Samples: Series B Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), National Rural Utilities Cooperative Finance Corp /Dc/

Collateral Agent To Retain Moneys during Event of Default. If an Event of Default shall have occurred and be continuing, moneys held by the Collateral Agent as a part of the Pledged Collateral shall not be paid over to the Borrower upon Borrower Order except pursuant to Section section 5.03.

Appears in 1 contract

Samples: Pledge Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Collateral Agent To Retain Moneys during Event of Default. If an Event of Default shall have occurred and be continuing, moneys held by the Collateral Agent as a part of the Pledged Collateral shall not be paid over to the Borrower upon Borrower Order except pursuant to Section 5.03.. Pledge Agreement

Appears in 1 contract

Samples: Pledge Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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