Common use of Investment of Balance in Collateral Account Clause in Contracts

Investment of Balance in Collateral Account. The cash balance standing to the credit of the Collateral Account shall be invested from time to time as the respective Obligor through KCMH or, after the occurrence and during the continuance of an Event of Default, the Administrative Agent shall determine which investments shall be held in the name and be under the control of the Administrative Agent (and credited to the Collateral Account); provided that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent may (and, if instructed by the Lenders as provided in the Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.08.

Appears in 5 contracts

Samples: Guarantee and Security Agreement (KKR & Co. Inc.), Guarantee and Security Agreement (KKR & Co. Inc.), Guarantee and Security Agreement (KKR & Co. Inc.)

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Investment of Balance in Collateral Account. The cash balance standing outstanding to the credit of the Collateral Account shall be invested from time to time in such Cash Equivalents as the respective Obligor through KCMH Company (or, after the occurrence and during the continuance of an Event of Default, the Administrative Agent Collateral Agent) shall determine determine, which investments Cash Equivalents shall be held in the name and be under the control of the Administrative Collateral Agent (and credited to the Collateral Account); , provided that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Collateral Agent may (and, if instructed by the Lenders as provided in the Credit AgreementRequired Lenders, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments Cash Equivalents and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.085.08 hereof.

Appears in 2 contracts

Samples: Security Agreement (Radnor Holdings Corp), Security Agreement (Radnor Holdings Corp)

Investment of Balance in Collateral Account. The cash balance standing to the credit of Amounts on deposit in the Collateral Account shall be invested from time to time in such Permitted Investments as the respective Obligor through KCMH the Borrower (or, after the occurrence and during the continuance of an Event of a Default, the Administrative Agent Agent) shall determine determine, which investments Permitted Investments shall be held in the name and be under the control of the Administrative Agent (and credited to the Collateral Account); Agent, provided that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent may (and, if instructed by the Lenders as provided specified in the Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.08.5.08 hereof. Pledge Agreement

Appears in 1 contract

Samples: Credit Agreement (Constellation Brands, Inc.)

Investment of Balance in Collateral Account. The cash balance standing to the credit of Amounts on deposit in the Collateral Account shall be invested from time to time in such Permitted Investments as the respective Obligor through KCMH the Borrower (or, after the occurrence and during the continuance of an Event of a Default, the Administrative Agent Agent) shall determine determine, which investments Permitted Investments shall be held in the name and be under the control of the Administrative Agent (and credited to the Collateral Account); Agent, provided that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent may (and, if instructed by the Lenders as provided specified in the Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.085.08 hereof.

Appears in 1 contract

Samples: Credit Agreement (Constellation Brands, Inc.)

Investment of Balance in Collateral Account. The cash balance standing to the credit of the Collateral Account shall be invested from time to time in such Cash Equivalent Investments as the respective Obligor through KCMH the Borrower (or, after the occurrence and during the continuance of an Event of Default, the Administrative Agent Agent) shall determine determine, which investments Cash Equivalent Investments shall be held in the name and be under the control of the Administrative Agent (and credited to the Collateral Account); , provided that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent may (and, if instructed by the Lenders as provided in the Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments Cash Equivalent Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.085.09.

Appears in 1 contract

Samples: Joint Venture Agreement (Nextel Partners Inc)

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Investment of Balance in Collateral Account. The cash balance standing to the credit of the Collateral Account shall be invested from time to time as the respective Obligor through KCMH or, after the occurrence and during the continuance of an Event of Default, the Administrative Agent shall determine which investments shall be held in the name and be under the control of the Administrative Agent (and credited to the Collateral Account); provided that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent may (and, if instructed by the Lenders as provided in the Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.08.. Form Guarantee and Security Agreement

Appears in 1 contract

Samples: Day Revolving Credit Agreement (KKR & Co. Inc.)

Investment of Balance in Collateral Account. The cash balance standing to the credit of Amounts on deposit in the Collateral Account shall be invested from time to time in such Permitted Investments as the respective Obligor through KCMH Securing Party (or, after the occurrence and during the continuance of an Event of Default, the Administrative Agent Agent) shall determine determine, which investments Permitted Investments shall be held in the name and be under the control of the Administrative Agent (and credited to the Collateral Account); Agent, provided that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent may (and, if instructed by the Lenders as provided specified in Section 11.03 of the Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.085.09 hereof.

Appears in 1 contract

Samples: Credit Agreement (Premier Parks Inc)

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