Holding of Collateral Sample Clauses

Holding of Collateral. Each applicable Grantor is, and as to Collateral acquired by it from time to time after the date hereof each Grantor will be, the holder of all such Collateral free from any Lien except for (1) the Lien and security interest created by the Collateral Documents and (2) Permitted Liens.

Holding of Collateral. (A) Each Obligor shall hold any Collateral in its possession in such manner as reasonably identifies the security interest of the Bank and as the Bank shall further direct. (B) Except for Collateral required to be delivered to the Bank or its custodian as required hereunder, Collateral shall be held by each Obligor in its possession (except as otherwise provided herein) in trust for the benefit of, and subject to the direction, and control of, the Bank and shall be physically safeguarded by the Obligor in accordance with reasonable commercial procedures. To the extent that any Obligor enters into any custodial arrangement with respect to the Collateral, the Obligor shall notify the Bank in writing of such arrangement, shall provide the Bank with copies of all agreements evidencing such arrangement, which shall be satisfactory to the Bank in all respects, and shall cause such agreements to provide that the custodian holds the Collateral for the benefit of the Bank and no other person and that the custodian shall accept instructions from the Bank with respect to the Collateral. Without limitation of the foregoing, each Obligor shall take all action necessary or desirable to protect and preserve the Collateral and the Bank’s interest therein, including, the collection of payments under all mortgages and under any insurance, assuring that all mortgages are serviced in accordance with the standards of a reasonable and prudent mortgagee and compliance with all requirements with respect to the Collateral set forth in the Credit and Collateral Policy. (C) Any Collateral which is a security or other investment property shall be delivered to the Bank, together with such assignments, powers and other documents as the Bank shall require in connection with its perfected, first-priority security interest in such Collateral. With respect to any uncertificated securities pledged to the Bank as Collateral hereunder, the delivery requirements contained in this Agreement shall be satisfied by the transfer of a perfected, first-priority security interest in such securities to the Bank, such transfer to be effected in such manner and to be evidenced by such documents as shall be reasonably specified by the Bank.

Holding of Collateral. Each applicable Grantor is, and as to Collateral acquired by it from time to time after the date hereof each Grantor will be, the holder or, following the AMR/US Airways Merger, a co-holder, of all such Collateral free from any Lien except for (1) the Lien and security interest created by the Collateral Documents and (2) Permitted Liens.

Holding of Collateral. The Collateral Agent agrees to hold all Collateral hereafter delivered to it pursuant to the Security Agreement, for itself and for the benefit of the Purchasers, on and subject to the terms and conditions set forth in the Security Agreement and in this Agreement.

Holding of Collateral. 3.1 Securities provided as collateral will not be registered in your own name but will be registered, while held by us, in the name of our nominee company or custodian in accordance with FSC rules. We will exercise reasonable prudence in the selection of such persons but, in the absence of negligence, fraud or willful default, we do not accept responsibility for the default of any such nominee company or custodian (other than where such nominee company or custodian is an associate of theirs). 3.2 Securities provided as collateral may be held by us on a pooled basis, which means that they will be pooled with the securities of other customers, and your individual entitlements may not be identifiable by separate certificates, physical documents or entries on the register. If there is a shortfall, which cannot be reconciled after any default, you may not receive your full entitlement, but may suffer a pro rata share in that shortfall. Securities held as collateral by us will be separately identifiable from other securities held by us for our own account. 3.3 In relation to securities or other assets deposited as collateral: (a) We will assume responsibility for claiming and receiving dividends and interest payments and will inform you of any rights, issues, take-over offers, capital reorganisations, company meetings, conversion or subscription rights as soon as reasonably practicable after receiving notice of these events; (b) We will be responsible for notifying you of any rights issues, take-over offers, capital reorganizations, company meetings, conversion or subscription rights and for obtaining your instructions in regard of such events; and (c) We will not exercise any voting or other rights unless it is instructed to do so by you on your behalf. (d) We reserve the right to refuse to accept margin payments made except as funds electronically transferred from your nominated bank account. The consequence of a failure on your part to provide instructions to us by the specified time once notification is given to you is entirely yourresponsibility.

Holding of Collateral. In reliance upon, and subject to, the provisions of this Section 9, the Collateral Agent will hold the security interests granted to it and the Lenders in the Collateral under each Collateral Document on behalf of and for the ratable benefit of the Lenders on the terms and conditions set forth in this Agreement but subject to the provisions set forth in the Amended and Restated Security Agreement, including, without limitation, Section 24 of such agreement.

Holding of Collateral. The Borrower is, and as to Collateral acquired by it from time to time after the date hereof the Borrower will be, the holder or, following the AMR/LCC Merger, a co-holder, of all such Collateral free from any Lien except for (1) the Lien and security interest created by the Collateral Documents and (2) Permitted Liens.

Holding of Collateral. The Trustee, for the benefit and on behalf of the Secured Parties, acknowledges the Grant of the security interests under this Agreement in accordance with the provisions of this Agreement. The Collateral in the form of Securities, Security Entitlements, Instruments and Money shall be held by the Accountholder for the Trustee for the benefit and on behalf of the Secured Parties pursuant to the Account Control Agreement and the Accountholder shall comply with any instruction given by the Trustee. If so directed in writing by the Issuer, the Trustee shall, and in any event shall cause the Accountholder to, hold and perfect the security interest in the Collateral. Except as provided herein, no Collateral may be withdrawn from the Accounts.

Holding of Collateral. Prior to the occurrence of any Event of Default, all Collateral shall be held by the Bank in the name of the Company endorsed or signed in blank or in favor of the Bank. After the occurrence of any Event of Default, any or all of the Collateral may be registered in the name of the Bank or any nominee of the Bank. The Bank may deliver any of the Collateral to the issuers thereof for the purpose of making denominational exchanges or registrations or transfers or for such other purpose in furtherance and pursuant to the provisions of this Agreement as the Bank may deem advisable. The Company will deliver promptly (but not later than three Banking Days after receipt of a written request from the Bank) to the Bank such other documents and certificates as the Bank may reasonably request in connection with subjecting any Collateral and Collateral Proceeds to the Lien of this Agreement.

Holding of Collateral. All Collateral shall be held by the Custodian in one of these ways: a. As a physical certificate in the Custodian's possession. It shall either be a bearer certificate or shall be in the name of or endorsed to the Custodian or its nominee. b. As an uncertificated or book-entry security registered on the books of the issuer of the security or of a Federal Reserve Bank in the name or nominee name of the Custodian for the benefit of its customers. c. As an asset in an account of the Custodian with a clearing corporation containing only customer securities. d. As an asset held in the Custodian's name with a bank, trust company or registered broker-dealer that has delivered to the Custodian a written confirmation of the Custodian's ownership of that asset.