Eminent Domain and Other Governmental Takings. Should any of the Collateral be taken by eminent domain or be sold pursuant to the exercise by the United States of America or any state, municipality or other domestic or foreign governmental authority of any right which it may then have to purchase, or to designate a purchaser or to order a sale of, all or any part of the Collateral, the Trustee shall cause the Collateral Agent to release the property so taken or purchased, but only upon receipt by the Trustee and the Collateral Agent of the following:
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Samples: Covenants (Rti Capital Corp), Blue Steel Capital Corp
Eminent Domain and Other Governmental Takings. Should any of the Collateral be taken by eminent domain or be sold pursuant to the exercise by the United States of America or any state, municipality or other domestic or foreign governmental authority of any right which it may then have to purchase, or to designate a purchaser or to order a sale of, all or any part of the Collateral, the Trustee shall cause the Collateral Agent to release the property so taken or purchased, but only upon receipt by the Trustee and the Collateral Agent of the following:
Appears in 1 contract
Samples: Pledge and Security Agreement (Continental Caribbean Containers Inc)
Eminent Domain and Other Governmental Takings. Should Subject to the provisions of the Collateral Documents, should any of the Collateral be taken by eminent domain or be sold pursuant to the exercise by the United States of America or any stateState, municipality or other domestic or foreign governmental authority of any right which it any of them may then have to purchase, or to designate a purchaser or to order a sale of, all or any part of the Collateral, the Trustee shall cause the Collateral Agent to shall release the property so taken or purchased, but only upon receipt by the Trustee Trustee, the Term Loan Agent and the Collateral Agent of the following:
Appears in 1 contract
Samples: Intercreditor and Collateral Agency Agreement (Pioneer East Inc)
Eminent Domain and Other Governmental Takings. Should Subject to the provisions of this Agreement and the other Financing Agreements, should any of the Collateral be taken by eminent domain or be sold pursuant to the exercise by the United States of America America, Canada or any state, province, municipality or other domestic or foreign governmental authority of any right which it any of them may then have to purchase, or to designate a purchaser or to order a sale of, all or any part of the Collateral, the Trustee shall cause the Collateral Agent to shall release the property so taken or purchasedpurchased from the Lien of this Agreement, but only upon receipt by the Trustee and the Collateral Agent of the following:
Appears in 1 contract
Samples: Common Security and Intercreditor Agreement (Pioneer Companies Inc)