Common use of Protection of Collateral Clause in Contracts

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 11 contracts

Samples: Pledge Agreement (Titan Corp), Pledge Agreement (OCM HoldCo, LLC), Credit Agreement (Dri I Inc)

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Protection of Collateral. The Administrative Agent may from time to time, at its option, and at the expense of the Pledgors, perform any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 5 contracts

Samples: Pledge Agreement (Sterling Chemicals Inc), Pledge Agreement (Sterling Chemical Inc), Pledge Agreement (Sterling Chemical Inc)

Protection of Collateral. The Administrative Agent may from time to time, at its option, and at the expense of the Pledgor, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 3 contracts

Samples: Current Assets Secured Parties Parent Pledge Agreement (Sterling Chemical Inc), Pledge Agreement (Sterling Chemical Inc), Pledge Agreement (Sterling Chemical Inc)

Protection of Collateral. The Administrative Agent may from time to timetime perform, at its option, perform any act which the any Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) perform, and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 3 contracts

Samples: Stock Pledge Agreement (Easylink Services International Corp), Equity Pledge Agreement (PRGX Global, Inc.), Stock Pledge Agreement (Easylink Services International Corp)

Protection of Collateral. The Administrative Agent may from time to time, at its their option, perform any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its their security interest therein.

Appears in 3 contracts

Samples: Pledge Agreement (Titan Corp), Senior Secured Credit Agreement (Titan Corp), Credit Agreement (Titan Corp)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein, and at any time after and during the continuance of an Event of Default, the Administrative Agent may from time to time, at its option and at the expense of the applicable Pledgor, perform any act which such Pledgor agrees hereunder to perform and which such Pledgor shall fail to perform.

Appears in 2 contracts

Samples: Pledge Agreement (Evenflo & Spalding Holdings Corp), Pledge Agreement (Evenflo & Spalding Holdings Corp)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform within 30 days after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 2 contracts

Samples: Credit Agreement (United Surgical Partners International Inc), Credit Agreement (Wilson Greatbatch Technologies Inc)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the each Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 2 contracts

Samples: Credit Agreement (Dri I Inc), Pledge Agreement (Duane Reade Inc)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail fails to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event a Default of Defaultthe type described in Section 8.1.9 of the Credit Agreement) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 2 contracts

Samples: Pledge and Security Agreement (AMH Holdings, Inc.), Pledge and Security Agreement (AMH Holdings, Inc.)

Protection of Collateral. The Administrative Agent may from time to time, at its optionoption and at the expense of each Pledgor, perform any act which the such Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an any Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest thereintherein for the benefit of the Lender Parties.

Appears in 2 contracts

Samples: Pledge Agreement (Key Components LLC), Pledge Agreement (Key Components LLC)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the each Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform within 30 days after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Credit Agreement (Wilson Greatbatch Technologies Inc)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action Exhibit G which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Concho Resources Inc)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing to so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of a Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Protection of Collateral. The Administrative Agent may from time to timetime perform, at its option, perform any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) perform, and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Pledge Agreement (Digerati Technologies, Inc.)

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Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Credit Agreement (Concho Resources Inc)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the any Pledgor agrees hereunder to perform and which the Pledgor shall fail fails to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of a Specified Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Credit Agreement (Hecla Mining Co/De/)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an any Default of the nature referred to in Section 8.1.1 or 8.1.9 or Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Credit Agreement (Tele Communications International Inc)

Protection of Collateral. The Administrative Agent may from time to timetime perform, at its option, perform any act which the any Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence perform, and during the continuance of an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Equity Pledge Agreement (Exactech Inc)

Protection of Collateral. The Administrative Agent may from time to time, at its optionoption and at the expense of the Pledgor, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an any Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest thereintherein for the benefit of the Lender Parties.

Appears in 1 contract

Samples: Pledge Agreement (Key Components LLC)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of any Event of Default of the nature referred to in Section 8.1.1 or 8.1.9 or an Event of Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Credit Agreement (Tele Communications International Inc)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail fails to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of a Specified Default) and the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Credit Agreement (Hecla Mining Co/De/)

Protection of Collateral. The Administrative Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform within 30 days after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and Default the Administrative Agent may from time to time take any other action which the Administrative Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Pledge Agreement (Pasta Group L L C)

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