Dispositions of and Collections on Collateral Sample Clauses

Dispositions of and Collections on Collateral. The Borrower shall have the right to sell or otherwise Dispose of, free and clear of the Lien and security interest created hereby, any Collateral in the manner and under the circumstances provided for in the Custodian Agreement or the Preferred Equity Account Documentation, as applicable. That portion of the Collateral so Disposed of shall be automatically released from the security interest created by this Agreement, without further action by the Secured Party hereunder.
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Related to Dispositions of and Collections on Collateral

  • Limitation on Collection of Rents Borrower may not collect any of the Rents more than one month in advance of the time when the Rents become due, except for security or similar deposits.

  • Obligations of the Academy Trust 4.B The Academy Trust must keep the Land clean and tidy and make good any damage or deterioration to the Land. The Academy Trust must not do anything to lessen the value or marketability of the Land without the Secretary of State’s consent.

  • Exclusion of applications on preliminary points of law Any recourse to any Court for the determination of a preliminary point of law arising in the course of the arbitration proceedings is excluded.

  • Use of Proceeds of the Loan Section 3.01. The Borrower shall cause the proceeds of the Loan to be applied to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement.

  • Compliance with Obligations Buyer must have performed and complied with all its covenants and obligations required by this Agreement to be performed or complied with at or prior to Closing (singularly and in the aggregate) in all material respects.

  • Restrictions on Payments An employee shall not be entitled to payment for inclement weather as provided for in this clause unless the employee remains on the job until the provisions set out in this clause have been observed.

  • General Obligations of the Parties 33.2.1 The Parties must, at all times:

  • Use of Proceeds of the Grant Section 3.01. The Recipient shall cause the proceeds of the Grant to be applied to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement.

  • Commingling, Exchange and Investment of the Contributions 2.1. The Contributions shall be accounted for as a single trust fund and shall be kept separate and apart from the funds of the Bank. The Contributions may be commingled with other trust fund assets maintained by the Bank.

  • Conditions to Obligations of Seller The obligations of Seller to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or Seller’s waiver, at or prior to the Closing, of each of the following conditions:

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