Common use of Possession of Inventory, Control; etc Clause in Contracts

Possession of Inventory, Control; etc. Such Grantor (a) has exclusive possession and control, subject to Permitted Liens, of the Equipment and Inventory except as permitted under the Credit Agreement, and (b) is the sole entitlement holder of its Accounts and no other Person (other than (y) the Collateral Agent pursuant to (i) this Security Agreement with respect to any Accounts maintained with the Collateral Agent or (ii) a Control Agreement with respect to any Accounts maintained with a bank other than the Collateral Agent or (z) the First Lien Administrative Agent in accordance with the Intercreditor Agreement) has “control” or “possession” of, or any other interest in, any of its Accounts or any other securities or Property credited thereto except as permitted pursuant to this Security Agreement.

Appears in 3 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement (Penn Virginia Corp), Intercreditor Agreement

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Possession of Inventory, Control; etc. Such Grantor (a) has exclusive possession and control, subject to Permitted Liens, of the Equipment and Inventory except as permitted under the Credit Agreement, and (b) is the sole entitlement holder of its Accounts and no other Person (other than (y) the Collateral Administrative Agent pursuant to (i) this Security Agreement with respect to any Accounts maintained with the Collateral Administrative Agent or (ii) a Control Agreement with respect to any Accounts maintained with a bank other than the Collateral Agent or (z) the First Lien Administrative Agent in accordance with the Intercreditor AgreementAgent) has “control” or “possession” of, or any other interest in, subject to Permitted Liens, any of its Accounts or any other securities or Property property credited thereto except as permitted pursuant to this Security Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Hi-Crush Partners LP), Credit Agreement (Hi-Crush Partners LP), Credit Agreement (Hi-Crush Partners LP)

Possession of Inventory, Control; etc. Such Grantor (a) has exclusive possession and control, subject to Permitted Liens, of the Equipment and Inventory except as permitted under the Credit Agreement, and (b) is the sole entitlement holder of its Accounts and no other Person (other than (y) the Collateral Administrative Agent pursuant to (i) this Security Agreement with respect to any Accounts maintained with the Collateral Administrative Agent or (ii) a Control Agreement with respect to any Accounts maintained with a bank other than the Collateral Agent or (z) the First Lien Administrative Agent in accordance with the Intercreditor AgreementAgent) has “control” or “possession” of, or any other interest in, of any of its Accounts or any other securities or Property property credited thereto except as permitted pursuant to this Security Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)

Possession of Inventory, Control; etc. Such Grantor (a) has exclusive possession and control, subject to Permitted Liens, of the Equipment and Inventory except as permitted under the Credit Agreement, and (b) is the sole entitlement holder of its Accounts and no other Person (other than (y) the Collateral Administrative Agent pursuant to (i) this Security Agreement with respect to any Accounts maintained with the Collateral Administrative Agent or (ii) a Control Agreement with respect to any Accounts maintained with a bank other than the Collateral Agent or (z) the First Lien Administrative Agent in accordance with the Intercreditor AgreementAgent) has "control" or "possession" of, or any other interest in, subject to Permitted Liens, any of its Accounts or any other securities or Property property credited thereto except as permitted pursuant to this Security Agreement.. Exhibit F – Form of Amended and Restated Pledge and Security Agreement

Appears in 1 contract

Samples: Credit Agreement (Hi-Crush Partners LP)

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Possession of Inventory, Control; etc. Such Grantor (a) has exclusive possession and control, subject to Permitted Liens, of the Equipment and Inventory except as permitted under the Credit Agreement, and (b) is the sole entitlement holder of its Accounts and no other Person (other than (y) the Collateral Agent pursuant to (i) this Security Agreement with respect to any Accounts maintained with the Collateral Agent or (ii) a Control Agreement with respect to any Accounts maintained with a bank other than the Collateral Agent or (z) the First Lien Administrative Agent in accordance with the Intercreditor AgreementAgent) has "control" or "possession" of, or any other interest in, subject to Permitted Liens, any of its Accounts or any other securities or Property property credited thereto except as permitted pursuant to this Security Agreement.

Appears in 1 contract

Samples: Credit Agreement (Hi-Crush Partners LP)

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