Common use of Revocation of Withdrawal Right Clause in Contracts

Revocation of Withdrawal Right. Upon the occurrence and during the continuance of any Event of Default, the authorization of the Pledgors under subsection (c) above shall be revoked and all deposits maintained in the Concentration Account or with a Financial Intermediary, and any additional moneys, instruments, securities and other property subsequently maintained with a Financial Intermediary, shall, at the request of the Administrative Agent, be transferred to a collateral account or sub-account maintained by Administrative Agent (or a Lender that agrees to be a collateral sub-agent for Administrative Agent) in its name as collateral agent for the Secured Parties (the "Collateral Account"). All such deposits in any such Collateral Account shall constitute "Pledged Collateral" for all purposes of this Agreement and shall be held by Administrative Agent as Pledged Collateral for the Secured Obligations or applied to the payment of the Secured Obligations in accordance with Section 14 of this Agreement. The costs and expenses (including attorney's fees) of collection, whether incurred by any Pledgor or Administrative Agent (or any sub-agent), shall be borne by the Pledgors.

Revocation of Withdrawal Right. Upon the occurrence and during the continuance of any Event of Default, the authorization of the Pledgors under subsection (cSUBSECTION 9(C) above shall be revoked and all deposits maintained in the Concentration Account or with a any Financial Intermediary, and any additional moneys, instrumentsfinancial assets, securities checks, drafts, securities, instruments and other property subsequently maintained with a any Financial Intermediary, shall, at the request of the Administrative Agent, shall be transferred to a collateral account or sub-account maintained by Administrative Agent (or a Lender that agrees to be a collateral sub-agent for Administrative Agent) in its name as collateral agent Administrative Agent for the Secured Parties (the "Collateral COLLATERAL Account"). All such deposits in any such Collateral Account shall constitute "Pledged Collateral" for all purposes of this Agreement and shall be held by Administrative Agent as Pledged Collateral for the Secured Obligations or applied to the payment of the Secured Obligations in accordance with Section 14 SECTION 13 of this Agreement. The costs and expenses (including attorney's fees) of collection, whether incurred by any Pledgor or Administrative Agent (or any sub-agent), shall be borne by the Pledgors.

Revocation of Withdrawal Right. Upon the occurrence and during the continuance of any Event of Default, the authorization of the Pledgors under subsection (c) above shall be revoked and all deposits maintained in the Concentration Account or with a Financial Intermediary, and any additional moneys, instruments, securities and other property subsequently maintained with a Financial Intermediary, shall, at the request of the Administrative Agent, be transferred to a collateral account or sub-account maintained by the Administrative Agent (or a Lender that agrees to be a collateral sub-agent for the Administrative Agent) in its name as collateral agent for the Secured Parties (the "Collateral Account"). All such deposits in any such Collateral Account shall constitute "Pledged Collateral" for all purposes of this Agreement and shall be held by the Administrative Agent as Pledged Collateral for the Secured Obligations or applied to the payment of the Secured Obligations in accordance with Section 14 of this Agreementhereof. The costs and expenses (including attorney's fees) of collection, whether incurred by any Pledgor or the Administrative Agent (or any sub-agent), shall be borne by the Pledgors.

Revocation of Withdrawal Right. Upon the occurrence and during the continuance of any Event of Default, the authorization of the Pledgors under subsection (c9(c) above shall be revoked and all deposits maintained in the Concentration Account or with a any Financial Intermediary, and any additional moneys, instrumentsfinancial assets, securities checks, drafts, securities, instruments and other property subsequently maintained with a any Financial Intermediary, shall, at the request of the Administrative Agent, shall be transferred to a collateral account or sub-account maintained by the Administrative Agent (or a Lender that agrees to be a collateral sub-agent subagent for the Administrative Agent) in its name as collateral agent Administrative Agent for the Secured Parties (the "Collateral Account"). All such deposits in any such Collateral Account shall constitute "Pledged Collateral" for all purposes of this Agreement and shall be held by the Administrative Agent as Pledged Collateral for the Secured Obligations or applied to the payment of the Secured Obligations in accordance with Section 14 13 of this Agreement. The costs and expenses (including reasonable attorney's fees) of collection, whether incurred by any Pledgor or the Administrative Agent (or any sub-agent), shall be borne by the Pledgors.