Control of Collateral Account. All right, title and interest in and to the Collateral Account shall vest in the Collateral Agent, and funds on deposit in the Collateral Accounts shall constitute part of the Collateral. The Collateral Account shall be subject to the exclusive dominion and control of the Collateral Agent, and, subject to Section 7.5 hereof, no Grantor shall have any right of withdrawal from the Collateral Account without the Collateral Agent’s prior consent.
Appears in 3 contracts
Samples: Intercreditor Agreement (EM Holdings LLC), Intercreditor Agreement (Edgen Group Inc.), Intercreditor Agreement (Edgen Murray II, L.P.)
Control of Collateral Account. All right, title and interest in and to the Collateral Account Accounts shall vest in the Collateral Agent, and funds on deposit in the Collateral Accounts shall constitute part of the Collateral. The Collateral Account Accounts shall be subject to the exclusive dominion and control of the Collateral Agent, and, subject to Section 7.5 hereof, and no Grantor shall have any right of withdrawal from the Collateral Account Accounts without the Collateral Agent’s prior consent.
Appears in 2 contracts
Samples: Note Security Agreement (Cellu Tissue Holdings, Inc.), Pledge and Security Agreement (Smithfield Foods Inc)
Control of Collateral Account. All right, title and interest in and to the Collateral Account Accounts shall vest in the Collateral Agent, and funds on deposit in the Collateral Accounts shall constitute part of the Collateral. The Collateral Account Accounts shall be subject to the exclusive dominion and control of the Collateral Agent, and, subject to Section 7.5 hereof, Agent and no Grantor shall have any right of withdrawal from the Collateral Account Accounts without the Collateral Agent’s prior consent.
Appears in 1 contract
Control of Collateral Account. All right, title and interest in and to the Collateral Account shall vest in the Collateral Agent, and funds on deposit in the Collateral Accounts shall constitute part of the Collateral. The Collateral Account shall be subject to the exclusive dominion and control of the Collateral Agent, and, subject to Section 7.5 hereof, and no Grantor shall have any right of withdrawal from the Collateral Account without the Collateral Agent’s prior consent.
Appears in 1 contract
Samples: Pledge and Security Agreement (Easton-Bell Sports, Inc.)
Control of Collateral Account. All right, title and interest in and to the Collateral Account shall vest in the Collateral Agent, and funds on deposit in the Collateral Accounts Account shall constitute part of the Collateral. The Collateral Account shall be subject to the exclusive dominion and control of the Collateral Agent, and, subject to Section 7.5 hereof, no . The Grantor shall have any no right of withdrawal from the Collateral Account without the Collateral Agent’s prior consentother than pursuant to Section 7.4 below.
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