Common use of Foreclosure on Collateral Clause in Contracts

Foreclosure on Collateral. In the event of foreclosure or ------------------------- enforcement of the Lien created by any of the Loan Documents, title to any collateral encumbered thereby shall be taken and held by the Administrative Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Banks in accordance with the Obligations outstanding to each of them and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Agent in comparable syndicated credit facilities.

Foreclosure on Collateral. In the event of foreclosure or ------------------------- enforcement of the Lien created by any of the Loan Collateral Documents, title to any collateral encumbered the Collateral covered thereby shall be taken and held by the Administrative Collateral Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Banks Lenders and the Revolver Lenders in accordance with the Obligations outstanding to each of them Intercreditor Agreement and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Collateral Agent in comparable syndicated credit facilities.

Foreclosure on Collateral. In the event of foreclosure or ------------------------- enforcement of the Lien created by any of the Loan Documents, title to any collateral encumbered thereby shall be taken and held (a) by the Collateral Agent pursuant to the Intercreditor Agreement, or (b) by the Administrative Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Banks Lenders in accordance with the Obligations outstanding to each of them and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Agent in comparable syndicated credit facilities.

Foreclosure on Collateral. In the event of foreclosure or ------------------------- enforcement of the Lien created by any of the Loan Documents, title to any collateral encumbered thereby shall be taken and held (a) by the Collateral Agent pursuant to the Intercreditor Agreement or (b) by Administrative Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Banks Lenders in accordance with the Obligations outstanding to each of them and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Agent in comparable syndicated credit facilities.

Foreclosure on Collateral. In the event of foreclosure or ------------------------- enforcement of the Lien created by any of the Loan Collateral Documents, title to any collateral encumbered the Collateral covered thereby shall be taken and held by the Administrative Managing Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Banks in accordance with the Obligations outstanding to each of them and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Managing Agent in comparable syndicated credit facilities.

Foreclosure on Collateral. In the event of foreclosure or ------------------------- enforcement of the Lien created by any of the Loan Collateral Documents, title to any collateral encumbered the Collateral covered thereby shall be taken and held by the Administrative Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Banks Lenders in accordance with the Obligations outstanding to each of them and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Agent in comparable syndicated credit facilities.

Foreclosure on Collateral. In n the event of foreclosure or ------------------------- enforcement of the Lien created by any of the Loan Documents, title to any collateral encumbered thereby shall be taken and held by the Administrative Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Banks in accordance with the Obligations outstanding to each of them and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Agent in comparable syndicated credit facilities.

Foreclosure on Collateral. In the event of foreclosure or ------------------------- enforcement of the Lien created by any of the Loan Collateral Documents, title to any collateral encumbered the Collateral covered thereby shall be taken and held by the Administrative Collateral Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Banks Lenders in accordance with the Obligations outstanding to each of them Intercreditor Agreement and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Collateral Agent in comparable syndicated credit facilities.

Foreclosure on Collateral. In the event of foreclosure or enforcement ------------------------- enforcement of the Lien created by any of the Loan Documents, title to any collateral encumbered thereby shall be taken and held by the Administrative Agent (or an Affiliate or designee thereof) pro rata for the benefit of the Banks in accordance with the Obligations outstanding to each of them and shall be administered in accordance with the standard form of collateral holding participation agreement used by the Administrative Agent in comparable syndicated credit facilities.