Hypothecation or Pledge of Loans. The Agent, acting at the direction of the Lenders, shall have free and unrestricted use of all Collateral and nothing in this Loan Agreement shall preclude the Agent from engaging in repurchase transactions with the Collateral or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Collateral. Nothing contained in this Loan Agreement shall obligate the Agent to segregate any Collateral delivered to the Agent by the Borrowers.
Appears in 3 contracts
Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)
Hypothecation or Pledge of Loans. The Agent, acting at Agent for the direction benefit of the Lenders, Lenders shall have free and unrestricted use of all Collateral and nothing in this Loan Agreement shall preclude the Agent from engaging in repurchase transactions with the Lender's interest in the Collateral or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Lender's interest in the Collateral. Nothing contained in this Loan Agreement shall obligate the Agent to segregate any Collateral delivered to the Agent by the BorrowersBorrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (Alliance Laundry Corp), Loan and Security Agreement (Alliance Laundry Holdings LLC)
Hypothecation or Pledge of Loans. The Agent, acting at the direction of the LendersLender, shall have free and unrestricted use of all Collateral and nothing in this Loan Agreement shall preclude the Agent from engaging in repurchase transactions with the Collateral or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Collateral. Nothing contained in this Loan Agreement shall obligate the Agent to segregate any Collateral delivered to the Agent by the Borrowers.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
