Common use of Collateral and Security Documents Clause in Contracts

Collateral and Security Documents. (a) To secure the due and punctual payment of principal of, premium, if any and interest on the Notes by the Company when and as the same shall be due and payable (whether on an Interest Payment Date, at Stated Maturity, by acceleration, call for redemption, upon a Change of Control Offer or an Offer with respect to an Asset Sale or otherwise) and interest on the overdue principal of, and interest (to the extent permitted by law) on, the Notes and performance of all other obligations of the Company and the Guarantors to the Holders of the Notes, the Trustee or the Collateral Agent under this Indenture, the Notes, the Guarantees, and the Security Documents, according to the terms hereunder or thereunder, each of the Company, the Guarantors and the Trustee will enter into the Security Documents to create the security interests with respect to the Collateral. The Trustee, the Collateral Agent, the Guarantors and the Company hereby acknowledge and agree that the Collateral Agent holds the Collateral in trust for the benefit of the Holders of the Notes, the Collateral Agent and the Trustee pursuant to the terms of the Security Documents.

Appears in 2 contracts

Samples: Indenture (Apparel Holding Corp.), Indenture (Apparel Holding Corp.)

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Collateral and Security Documents. (a) To secure the due and punctual payment of principal of, premium, if any of and interest on the Notes by the Company when and as the same shall be due and payable (whether on an Interest Payment Date, at Stated Maturity, by acceleration, call for redemption, upon a Change of Control Offer or an Offer Offer, with respect to an Asset Sale or otherwise) and interest on the overdue principal of, and interest (to the extent permitted by law) on, the Notes and performance of all other obligations of the Company and the Guarantors to the Holders of the Notes, the Trustee or the Collateral Agent under this Indenture, the Notes, the Guarantees, and the Security Documents, according to the terms hereunder or thereunder, each of the Company, Company and the Guarantors and the Trustee will enter into the Security Documents Documents, to create the security interests with respect to the CollateralCollateral (except to the extent that granting such Liens is precluded by the provisions or the documents evidencing Senior Secured Debt). The Trustee, the Collateral Agent, the Guarantors and the Company hereby acknowledge and agree that the Collateral Agent holds the Collateral in trust Trust for the benefit of the Holders of the Notes, the Collateral Agent Note and the Trustee pursuant to the terms of the Security Documents.

Appears in 2 contracts

Samples: Bally Franchise RSC Inc, Bally Franchise RSC Inc

Collateral and Security Documents. (a) To secure the due and punctual payment of principal of, premium, if any of and interest on the Notes Securities by the Company Issuer when and as the same shall be due and payable (payable, whether on an Interest Payment Date, at Stated Maturity, by acceleration, call for redemption, upon a Change of Control Offer or an Offer with respect to an Asset Sale Purchase, or otherwise) , and interest on the overdue principal of, of and interest (to the extent permitted by law) on), on the Notes Securities and performance of all other obligations Obligations of the Company Issuer and the Subsidiary Guarantors to the Holders of the NotesSecurities, the Trustee or the Collateral Agent under this Indenture, the NotesSecurities, the Subsidiary Guarantees, and the Security Documents, according to the terms hereunder or thereunder, each of the Company, the Guarantors Issuer and the Trustee Subsidiary Guarantors will enter into the Security Documents Documents, to create the security interests with respect to the CollateralCollateral (except to the extent that granting such Liens is precluded by the provisions of the documents evidencing Existing Debt as in effect on the Closing Date). The Trustee, the Collateral Agent, the Subsidiary Guarantors and the Company Issuer hereby acknowledge and agree that the Collateral Agent holds the Collateral in trust for the benefit of the Holders of the Notes, the Collateral Agent and the Trustee Trustee, among others, pursuant to the terms of the Security Documents.

Appears in 1 contract

Samples: General Media Inc

Collateral and Security Documents. (a) To secure the due and punctual payment of principal of, of (and premium, if any any) and interest on the Notes by the Company when and as the same shall be due and payable (payable, whether on an Interest Payment Date, at Stated Maturity, by acceleration, call for redemption, redemption or upon a Change of Control Offer or an Offer with respect to an Asset Sale Repurchase Offer, or otherwise) , and interest on the overdue principal of, of and interest (to the extent permitted by law) on), on the Notes and performance of all other obligations Obligations of the Company and the Guarantors to the Holders of the Notes, the Trustee or the Collateral Agent under this Indenture, the Notes, the Guarantees, Notes and the Security Documents, according to the terms hereunder or thereunder, each of the Company, the Guarantors and the Trustee Company will enter into the Security Documents Documents, to create the security interests with respect to the Collateral. The Trustee, the Collateral Agent, the Guarantors Agent and the Company hereby acknowledge and agree that the Collateral Agent holds the Collateral in trust for the benefit of the Holders of the Notes, the Collateral Agent and the Trustee Trustee, among others, pursuant to the terms of the Security Documents.

Appears in 1 contract

Samples: Quadramed Corp

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Collateral and Security Documents. (ai) To secure the due and punctual payment of principal of, premium, if any of and interest on the Notes Securities by the Company when and as the same shall be due and payable (payable, whether on an Interest Payment Date, at Stated Maturity, by acceleration, call for redemption, upon a Change of Control Offer or an Offer with respect to an Asset Sale Offer, or otherwise) , and interest on the overdue principal of, of and interest (to the extent permitted by law) on), on the Notes Securities and performance of all other obligations Obligations of the Company and the Guarantors to the Holders of the NotesSecurities, the Trustee or the Collateral Agent under this Indenture, the NotesSecurities, the Guarantees, and the Security Documents, according to the terms hereunder or thereunder, each of the Company, Company and the Guarantors and the Trustee will enter into the Security Documents Documents, to create the security interests with respect to the Collateral. The Trustee, the Collateral Agent, the Guarantors and the Company hereby acknowledge and agree that the Collateral Agent holds the Collateral in trust for the benefit of the Holders of the Notes, the Collateral Agent and the Trustee Trustee, among others, pursuant to the terms of the Security Documents.

Appears in 1 contract

Samples: Texas Petrochemicals Lp

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