Control of Collateral Account. All right, title and interest in and to the Collateral Accounts shall vest in the Collateral Agent, and funds on deposit in the Collateral Accounts shall constitute part of the Collateral. The Collateral Accounts shall be subject to the exclusive dominion and control of the Collateral Agent, and no Grantor shall have any right of withdrawal from the Collateral Accounts without the Collateral Agent’s 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 Accounts Account shall vest in the Collateral Agent, and funds on deposit in the Collateral Accounts Account shall constitute part of the Collateral. The Collateral Accounts Account shall be subject to the exclusive dominion and control of the Collateral Agent, and no . The Grantor shall have any no right of withdrawal from the Collateral Accounts without the Collateral Agent’s consentAccount other than pursuant to Section 7.4 below.
Appears in 1 contract
Control of Collateral Account. All right, title and interest in and to the Collateral Accounts Account shall vest in the Collateral Agent, and funds on deposit in the Collateral Accounts shall constitute part of the Collateral. The Collateral Accounts Account shall be subject to the exclusive dominion and control of the Collateral Agent, and no Grantor shall have any right of withdrawal from the Collateral Accounts Account without the Collateral Agent’s consent.
Appears in 1 contract
Samples: Indenture (Easton-Bell Sports, Inc.)
Control of Collateral Account. All right, title and interest in and to the Collateral Accounts shall vest in the Collateral Agent, and funds on deposit in the Collateral Accounts shall constitute part of the Collateral. The Collateral Accounts shall be subject to the exclusive dominion and control of the Collateral Agent, Agent and no Grantor shall have any right of withdrawal from the Collateral Accounts without the Collateral Agent’s consent.
Appears in 1 contract
