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Common use of Record Ownership of Securities Clause in Contracts

Record Ownership of Securities. While a Default exists, Secured Party may have any Collateral that is securities and that is in the possession of Secured Party, or its nominee or nominees, registered in its name, or in the name of its nominee or nominees, as pledgee.

Appears in 3 contracts

Samples: Credit Agreement (Pillowtex Corp), Security Agreement (Magnetek Inc), Security Agreement (Magnetek Inc)

Record Ownership of Securities. While a Default exists, Secured Party ------------------------------ may have any Collateral that is securities and that is in the possession of Secured Party, or its nominee or nominees, registered in its name, name or in the name of its nominee or nominees, nominees as pledgee.

Appears in 2 contracts

Samples: Credit Agreement (Matrix Capital Corp /Co/), Credit Agreement (Matrix Bancorp Capital Trust I)

Record Ownership of Securities. While a an Event of Default exists, Secured Party may have any Collateral that is securities and that is in the possession of Secured Party, or its nominee or nominees, registered in its name, or in the name of its nominee or nominees, as pledgee.

Appears in 1 contract

Samples: Credit Agreement (Ultrak Inc)