PROCESSING AND SALES OF INVENTORY. So long as no Event of Default shall have occurred and be continuing, the Debtor shall have the right in the regular course of its business to process and sell the Inventory. The security interests granted hereunder to the Collateral Agent as agent for the Secured Parties shall attach to all proceeds of all sales, leases, or other dispositions of the Inventory.
Appears in 4 contracts
Samples: Security Agreement, Security Agreement (Trex Co Inc), Security Agreement (Trex Co Inc)
PROCESSING AND SALES OF INVENTORY. So long as no Event of Default shall have occurred and be continuing, the Debtor shall have the right in the regular course of its business to process and sell the Inventory. The security interests granted hereunder to the Collateral Administrative Agent as agent for the Secured Parties shall attach to all proceeds of all sales, leases, or other dispositions of the Inventory.
Appears in 1 contract
Samples: Ip Security Agreement (Trex Co Inc)
PROCESSING AND SALES OF INVENTORY. So long as no Event of Default shall have occurred and be continuingcontinuing and the Collateral Agent shall not have notified the Debtor to the contrary, the Debtor shall have the right in the regular course of its business to process and sell the Inventory. The security interests granted hereunder to the Collateral Agent as agent for the Secured Parties shall attach to all proceeds of all sales, leases, or other dispositions of the Inventory.
Appears in 1 contract
Samples: Security Agreement (Trex Co Inc)