Consent of Grantor. Each Grantor consents to the grant by each other Grantor of the Security Interest in all Investment Related Property to Administrative Agent and, without limiting the foregoing, during the continuation of an Event of Default, consents to the transfer of any Pledged Partnership Interest and any Pledged LLC Interest to Administrative Agent or its nominee and to the substitution of Administrative Agent or its nominee as a partner in any partnership or as a member in any limited liability company with all the rights and powers related thereto.
Appears in 4 contracts
Samples: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)
Consent of Grantor. Each Grantor consents to the grant by each other Grantor of the Security Interest in all Investment Related Property to Administrative Agent and, without limiting the foregoing, during following the continuation occurrence of an Event of Default, consents to the transfer of any Pledged Partnership Interest and any Pledged LLC Interest to Administrative Agent or its nominee and to the substitution of Administrative Agent or its nominee as a partner in any partnership or as a member in any limited liability company with all the rights and powers related thereto.
Appears in 2 contracts
Samples: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)
Consent of Grantor. Each Grantor consents to the grant by each other Grantor of the Security Interest in all Investment Related Property to Administrative Collateral Agent and, without limiting the foregoing, during following the continuation occurrence of an Applicable Triggering Event of Default(subject to Applicable Law), consents to the transfer of any Pledged Partnership Interest and any Pledged LLC Interest to Administrative Collateral Agent or its nominee and to the substitution of Administrative Collateral Agent or its nominee as a partner in any partnership or as a member in any limited liability company with all the rights and powers related thereto.
Appears in 2 contracts
Samples: Pledge, Assignment, and Security Agreement (Allied Capital Corp), Pledge, Assignment, and Security Agreement (Allied Capital Corp)
Consent of Grantor. Each Grantor consents to the grant by each other Grantor of the Security Interest a security interest in all Investment Related Property to Administrative Agent Secured Party and, without limiting the foregoing, during the continuation of an Event of Default, consents to the transfer of any Pledged Partnership Interest and any Pledged LLC Interest to Administrative Agent Secured Party or its nominee following an Event of Default and to the substitution of Administrative Agent Secured Party or its nominee as a partner in any partnership or as a member in any limited liability company with all the rights and powers related thereto.
Appears in 1 contract
Samples: Security Agreement (Harte Hanks Inc)
Consent of Grantor. Each Grantor consents to the grant by each other Grantor of the Security Interest a security interest in all Investment Related Property to Administrative Agent and, without limiting the foregoing, during the continuation of an Event of Default, consents to the transfer of any Pledged Partnership Interest and any Pledged LLC Interest to Administrative Agent or its nominee following an Event of Default and to the substitution of Administrative Agent or its nominee as a partner in any partnership or as a member in any limited liability company with all the rights and powers related thereto.
Appears in 1 contract
