Common use of Possession and Use of Collateral Clause in Contracts

Possession and Use of Collateral. Subject to and in accordance with the provisions of the Subordination Agreement (Senior), this Indenture and the Security Instruments, so long as no Event of Default shall have occurred and be continuing, Issuer shall have the right to remain in possession and retain exclusive control of and to exercise all rights with respect to the Collateral, to operate, manage, develop, lease, use, consume and enjoy the Collateral, to alter or repair any Collateral consisting of machinery or equipment so long as such alterations and repairs do not diminish the value thereof or impair the Lien of the Security Instruments thereon and to collect, receive, use, invest and dispose of the reversions, remainders, interest, rents, lease payments, issues, profits, revenues, proceeds and other income thereof.

Possession and Use of Collateral. Subject to and in accordance with the provisions of the Subordination Agreement (Senior), this Indenture and the Security Instruments, so long as no Event of Default shall have occurred and be continuing, Issuer shall have the right to remain in possession and retain exclusive control of and to exercise all rights with respect to the Collateral, to operate, manage, develop, lease, use, consume and enjoy the Collateral, to alter or repair any Collateral consisting of machinery or equipment so long as such alterations and repairs do not diminish the value thereof or impair the Lien of the Security Instruments thereon and to INDENTURE (15% Senior Subordinated) collect, receive, use, invest and dispose of the reversions, remainders, interest, rents, lease payments, issues, profits, revenues, proceeds and other income thereof.