Common use of Sales of Collateral Clause in Contracts

Sales of Collateral. No sales of Collateral may be made in contravention of the terms of the Senior Note Indenture or the Convertible Note Indenture and the cash proceeds of the sale of any Collateral shall be promptly and without commingling remitted to the Collateral Agent or the Trustee for deposit in the Company Senior Note Escrow Account or to the Collateral Agent or the Convertible Note Trustee for deposit in the Company Convertible Note Escrow Account if the Company Senior Note Escrow Account Agreement has been terminated.

Appears in 2 contracts

Samples: Nwe Cyprus Senior Note Security and Pledge Agreement (Nwe Capital Cyprus LTD), Nwe Cyprus Senior Note Security and Pledge Agreement (PLD Telekom Inc)

AutoNDA by SimpleDocs

Sales of Collateral. No sales of Collateral may be made in contravention of the terms of the Senior Note Indenture or the Convertible Note Indenture and the cash proceeds of the sale of any Collateral shall be promptly and without commingling remitted to the Collateral Agent or the Trustee for deposit in the Company Senior Note Escrow Account or to the Collateral Agent or the Convertible Note Trustee for deposit in the Leasing Company Convertible Note Escrow Account if the Company Senior Note Escrow Account Agreement has been terminatedAccount.

Appears in 2 contracts

Samples: Leasing Company Security and Pledge Agreement (PLD Telekom Inc), Leasing Company Security and Pledge Agreement (PLD Telekom Inc)

Sales of Collateral. No sales of Collateral may be made in contravention of the terms of the Senior Note Indenture or the Convertible Note Indenture and the cash proceeds of the sale of any Collateral shall be promptly and without commingling remitted to the Collateral Agent or the Senior Note Trustee for deposit in the Leasing Company Senior Note Escrow Account Account, or to the Collateral Agent or the Convertible Note Trustee for deposit in the Company Convertible Note Escrow Account if the Leasing Company Senior Note Escrow Account Agreement has been terminated.

Appears in 1 contract

Samples: Leasing Company Security and Pledge Agreement (PLD Telekom Inc)

Sales of Collateral. No sales of Collateral may be made in contravention of the terms of the Senior Note Indenture or the Convertible Note Indenture and the cash proceeds of the sale of any Collateral shall be promptly and without commingling remitted to the Collateral Agent or the Senior Note Trustee for deposit in the Leasing Company Senior Note Escrow Account Account, or to the Collateral Agent or the Convertible Note Trustee for deposit in the Company Convertible Note Escrow Account if the Company Senior Note Escrow Account Agreement has been terminated.the

Appears in 1 contract

Samples: Leasing Company Security and Pledge Agreement (PLD Capital Asset Us Inc)

AutoNDA by SimpleDocs

Sales of Collateral. No sales of Collateral may be made in contravention of the terms of the Senior Convertible Note Indenture or the Convertible Senior Note Indenture and the cash proceeds of the sale of any Collateral shall be promptly and without commingling remitted to the Collateral Agent or the Trustee for deposit in the Company Senior Note Escrow Account or to the Collateral Agent or the Convertible Note Trustee for deposit in the Company Convertible Note Escrow Account or to the Collateral Agent or the Senior Note Trustee for deposit in the Company Senior Note Escrow Account if the Company Senior Convertible Note Escrow Account Agreement has been terminated.

Appears in 1 contract

Samples: Company Convertible Note Security and Pledge Agreement (PLD Telekom Inc)

Sales of Collateral. No sales of Collateral may be made in contravention of the terms of the Senior Note Indenture or the Convertible Note Indenture and the cash proceeds of the sale of any Collateral shall be promptly and without commingling remitted to the Collateral Agent or the Senior Note Trustee for deposit in the Company Senior Note Escrow Account or to the Collateral Agent or the Convertible Note Trustee for deposit in the Company Convertible Note Escrow Account Account, if the Company Senior Note Escrow Account Agreement has been terminated.

Appears in 1 contract

Samples: Company Senior Note Security and Pledge Agreement (PLD Telekom Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.