Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate amount of the Loans, in satisfaction of the Obligations, whenever the circumstances are such that Agent is entitled on behalf of Lenders and elects to do so under applicable law.
Appears in 7 contracts
Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan, Security and Agency Agreement (Silverleaf Resorts Inc), Loan and Security Agreement Inventory (Silverleaf Resorts Inc)
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate total amount of owed by Borrower pursuant to the LoansLoan Documents, in satisfaction of the Obligations, whenever the circumstances are such that Agent Lender is entitled on behalf of Lenders and elects to do so under applicable law.
Appears in 3 contracts
Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc), Receivables Loan and Security Agreement (Silverleaf Resorts Inc)
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate total amount of owed by the LoansBorrower pursuant to the Loan Documents, in satisfaction of the Obligations, whenever the circumstances are such that Agent Lender is entitled on behalf of Lenders and elects to do so under applicable law.
Appears in 3 contracts
Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Cr Resorts Capital S De R L De C V), Loan and Security Agreement (Equivest Finance Inc)
Retention of Collateral. At its Lender’s discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate amount of the Loans, in satisfaction of the Obligations, whenever the circumstances are such that Agent is entitled on behalf of Lenders and Lender elects to do so under applicable law.
Appears in 1 contract
Samples: Loan and Security Agreement (Silverleaf Resorts Inc)
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate total amount of owed by the LoansBorrower pursuant to the Loan Documents, in satisfaction of the Obligations, whenever the circumstances are such that Agent Lender is entitled on behalf of Lenders and elects to do so under applicable law, subject to the rights of any participating lenders in the certain Applicable Underlying Loans as set forth on Exhibit "D" attached hereto.
Appears in 1 contract
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate total amount of owed by Borrower pursuant to the LoansLoan Documents, in satisfaction of the Obligations, whenever when ever the circumstances are such that Agent Lender is entitled on behalf of Lenders and elects to do so under applicable law.
Appears in 1 contract
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate amount of the Loans, in satisfaction of the Obligations, whenever the circumstances are such that Agent is entitled on behalf of Lenders and elects to do so under applicable lawApplicable Law.
Appears in 1 contract
Samples: Loan and Security Agreement (Silverleaf Resorts Inc)
Retention of Collateral. At its discretion, retain such portion ----------------------- of the Collateral as shall aggregate in value to an amount equal to the aggregate total amount of owed by the LoansBorrower pursuant to the Loan Documents, in satisfaction of the Obligations, whenever the circumstances are such that Agent Lender is entitled on behalf of Lenders and elects to do so under applicable lawApplicable Law.
Appears in 1 contract
Retention of Collateral. At its discretion, retain such portion ------------------------ of the Collateral as shall aggregate in value to an amount equal to the aggregate amount of the LoansIndebtedness, in satisfaction of the ObligationsIndebtedness, whenever the circumstances are such that Agent Lender is entitled on behalf of Lenders and elects to do so under the applicable law.
Appears in 1 contract
