Common use of Protection of Collateral Agent’s Security Clause in Contracts

Protection of Collateral Agent’s Security. The Assignor will do nothing to impair the rights of the Collateral Agent in the Collateral. The Assignor will at all times keep its Inventory and Equipment insured in favor of the Collateral Agent, at the Assignor's own expense to the extent and in the manner provided in Section 8.03 of the Credit Agreement. Subject to Section 4.02(h) of the Credit Agreement, the Collateral Agent may apply any proceeds of such insurance in accordance with Section 7.4 hereof. The Assignor assumes all liability and responsibility in connection with the Collateral acquired by it and the liability of the Assignor to pay the Obligations shall in no way be affected or diminished by reason of the fact that such Collateral may be lost, destroyed, stolen, damaged or for any reason whatsoever unavailable to the Assignor.

Protection of Collateral Agent’s Security. The Assignor Assignors will do nothing to impair the rights of the Collateral Agent in the Collateral. The Assignor Assignors will at all times keep its Inventory and Equipment insured in favor of the Collateral Agentmaintain insurance, at the Assignor's Assignors' own expense expense, to the extent and in a manner consistent with commercially reasonable business practice. Except to the manner provided in Section 8.03 of extent otherwise permitted to be retained by the Credit Agreement. Subject to Section 4.02(h) of the Credit AgreementAssignors, the Collateral Agent may apply shall, at the time any proceeds of such insurance are distributed to the Secured Creditors, apply such proceeds in accordance with Section 7.4 hereof. The Assignor assumes Assignors assume all liability and responsibility in connection with the Collateral acquired by it and the liability of the Assignor Assignors to pay the Obligations shall in no way be affected or diminished by reason of the fact that such Collateral may be lost, destroyed, stolen, damaged or for any reason whatsoever unavailable to the AssignorAssignors.

Protection of Collateral Agent’s Security. The Assignor will do nothing to impair the rights of the Collateral Agent in the Company Collateral. The Assignor will at all times keep its Inventory and Equipment insured in favor of the Collateral Agentmaintain insurance, at the Assignor's own expense expense, to the extent and in a manner consistent with commercially reasonable business practice. Except to the manner provided in Section 8.03 of extent otherwise permitted to be retained by the Credit Agreement. Subject to Section 4.02(h) of the Credit AgreementAssignor, the Collateral Agent may apply shall, at the time any proceeds of such insurance are distributed to the Secured Creditor, apply such proceeds in accordance with Section 7.4 hereof. The Assignor assumes all liability and responsibility in connection with the Company Collateral acquired by it and the liability of the Assignor to pay the Obligations shall in no way be affected or diminished by reason of the fact that such Company Collateral may be lost, destroyed, stolen, damaged or for any reason whatsoever unavailable to the Assignor.

Protection of Collateral Agent’s Security. The Assignor will do nothing to impair the rights of the Collateral Agent in the Subsidiary Collateral. The Assignor will at all times keep its Inventory and Equipment insured in favor of the Collateral Agentmaintain insurance, at the Assignor's own expense expense, to the extent and in a manner consistent with commercially reasonable business practice. Except to the manner provided in Section 8.03 of extent otherwise permitted to be retained by the Credit Agreement. Subject to Section 4.02(h) of the Credit AgreementAssignor, the Collateral Agent may apply shall, at the time any proceeds of such insurance are distributed to the Secured Creditor, apply such proceeds in accordance with Section 7.4 hereof. The Assignor assumes all liability and responsibility in connection with the Subsidiary Collateral acquired by it and the liability of the Assignor to pay the Obligations shall in no way be affected or diminished by reason of the fact that such Subsidiary Collateral may be lost, destroyed, stolen, damaged or for any reason whatsoever unavailable to the Assignor.

Protection of Collateral Agent’s Security. The Assignor will do nothing to impair the rights of the Collateral Agent in the Collateral. The Assignor will at all times keep its Inventory and Equipment insured in favor of the Collateral Agentmaintain insurance, at the Assignor's own expense expense, to the extent and in a manner consistent with commercially reasonable business practice. Except to the manner provided in Section 8.03 of extent otherwise permitted to be retained by the Credit Agreement. Subject to Section 4.02(h) of the Credit AgreementAssignor, the Collateral Agent may apply shall, at the time any proceeds of such insurance are distributed to the Secured Creditors, apply such proceeds in accordance with Section 7.4 hereof. The Assignor assumes all liability and responsibility in connection with the Collateral acquired by it and the liability of the Assignor to pay the Obligations shall in no way be affected or diminished by reason of the fact that such Collateral may be lost, destroyed, stolen, damaged or for any reason whatsoever unavailable to the Assignor.