Common use of Possessory Collateral Clause in Contracts

Possessory Collateral. Satmex shall immediately deliver to the Collateral Trustee (or an agent or bailee on its behalf designated by the Collateral Trustee or as required in the First Priority Security Document relating to such Possessory Collateral, at the sole cost and expense of Satmex) all Possessory Collateral that is or may be in the possession of Satmex or any of its Subsidiaries, to the extent Satmex is required to do so by any First Priority Document.

Appears in 2 contracts

Samples: First Priority Collateral Trust Agreement (Satelites Mexicanos Sa De Cv), First Priority Collateral Trust Agreement (Satelites Mexicanos Sa De Cv)

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Possessory Collateral. Satmex shall immediately deliver to the Collateral Trustee (or an agent or bailee on its behalf designated by the Collateral Trustee or as required in the First Second Priority Security Document relating to such Possessory Collateral, at the sole cost and expense of Satmex) all Possessory Collateral that is or may be in the possession of Satmex or any of its Subsidiaries, to the extent Satmex is required to do so by any First Second Priority Document.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Satelites Mexicanos Sa De Cv), Collateral Trust Agreement (Satelites Mexicanos Sa De Cv)

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