Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 81 contracts
Samples: Pledge and Security Agreement (Omeros Corp), Pledge and Security Agreement (Veritone, Inc.), Pledge and Security Agreement (Lifecore Biomedical, Inc. \De\)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, the Grantor will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 9 contracts
Samples: Refinancing Amendment (Hologic Inc), Refinancing Amendment (Hologic Inc), Pledge and Security Agreement (Hologic Inc)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 9 contracts
Samples: Second Lien Notes Pledge and Security Agreement (Ocwen Financial Corp), Second Lien Pledge and Security Agreement (Foresight Energy LP), Pledge and Security Agreement (Grifols SA)
Sales on Credit. If Collateral Agent Trustee sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent Trustee and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent Trustee may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 7 contracts
Samples: Pledge and Security Agreement (Goodman Networks Inc), Pledge and Security Agreement (Euramax International, Inc.), Blanket Lien Pledge and Security Agreement (Conexant Systems Inc)
Sales on Credit. If Collateral Agent sells any of the Collateral upon creditcredit in connection with the exercise of remedies pursuant to this Section 7, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 6 contracts
Samples: Pledge and Security Agreement, Revolving Credit Facility Pledge and Security Agreement, Credit Agreement (Zekelman Industries, Inc.)
Sales on Credit. If Collateral the Security Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral the Security Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral the Security Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 6 contracts
Samples: Loans Pledge and Security Agreement (Altice USA, Inc.), Notes Pledge and Security Agreement (Altice USA, Inc.), Loans Pledge and Security Agreement (Altice USA, Inc.)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaserPurchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 5 contracts
Samples: Loan Agreement (Wintegra Inc), Loan Agreement (Wintegra Inc), Pledge and Security Agreement (Progress Rail Services, Inc.)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor Grantors will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 5 contracts
Samples: Pledge and Security Agreement, Credit Agreement (Independence Contract Drilling, Inc.), Credit Agreement (Independence Contract Drilling, Inc.)
Sales on Credit. If Collateral the Agent sells any of the Collateral upon on credit, the applicable Grantor will be credited only with cash payments actually made by the purchaser and received by Collateral the Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral the Agent may resell the Collateral and the applicable Grantor shall be credited with the proceeds of the sale.
Appears in 4 contracts
Samples: General Security Agreement (Aemetis, Inc), General Security Agreement (Aemetis, Inc), General Security Agreement (Aemetis, Inc)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor Grantors will be credited only with payments actually made by purchaser and the purchaser, received by the Collateral Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor the Grantors shall be credited with the proceeds of the sale.
Appears in 4 contracts
Samples: Term Loan Credit Agreement (Rotech Healthcare Inc), Debt Agreement (Rotech Healthcare Inc), Term Loan Credit Agreement (Rotech Healthcare Inc)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 4 contracts
Samples: Pledge and Security Agreement, Security Agreement (Five Below, Inc), Second Lien Pledge and Security Agreement (Vonage Holdings Corp)
Sales on Credit. If the Collateral Agent Trustee sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent Trustee and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent Trustee may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 4 contracts
Samples: Pledge and Security Agreement (Onity Group Inc.), First Lien Notes Pledge and Security Agreement (Ocwen Financial Corp), Indenture (Ocwen Financial Corp)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor the Grantors shall be credited with proceeds of the sale.
Appears in 3 contracts
Samples: Term Loan Credit and Guaranty Agreement (Fairmount Santrol Holdings Inc.), Revolving Credit and Guaranty Agreement (Fairmount Santrol Holdings Inc.), Credit and Guaranty Agreement (Fmsa Holdings Inc)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor Grantors will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaserInvestor. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor Grantors shall be credited with proceeds of the sale.
Appears in 3 contracts
Samples: Security Agreement (St Cloud Capital Partners Lp), Security Agreement (Viking Systems Inc), Security Agreement (Viking Systems Inc)
Sales on Credit. If Collateral Agent sells any of the Collateral in connection with the exercise of remedies pursuant to Section 7.1(a) of this Agreement upon credit, Grantor will be credited only with payments actually made by the purchaser thereof and received by Collateral Agent and applied to indebtedness of the purchaserpurchaser thereof. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 3 contracts
Samples: Security Agreement (Marathon Patent Group, Inc.), Security Agreement (Inventergy Global, Inc.), Revenue Sharing and Note Purchase Agreement (Sito Mobile, Ltd.)
Sales on Credit. If Collateral Agent Bank sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent Bank and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent Bank may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Greektown Newco Sub, Inc.), Pledge and Security Agreement (Greektown Superholdings, Inc.), Credit Agreement
Sales on Credit. If Collateral Agent Trustee sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent Trustee and applied to indebtedness of the purchaserPurchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent Trustee may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Houghton Mifflin Co), Pledge and Security Agreement (Houghton Mifflin Co), First Lien Security Agreement (Ziff Davis Holdings Inc)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the applicable Grantor will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and such Grantor shall be credited with cash proceeds of the salesale actually received by the Collateral Agent pursuant to the application of such proceeds under Section 7.02 of the Credit Agreement.
Appears in 3 contracts
Samples: Pledge and Security Agreement, Pledge and Security Agreement (Empire Resorts Inc), Pledge and Security Agreement (Empire Resorts Inc)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and the applicable Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Pledge and Security Agreement, Pledge and Security Agreement (American Real Estate Partners L P)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the applicable Grantor will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral in accordance with Section 8.1 and the applicable Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Telx Group, Inc.), Pledge and Security Agreement (Telx Group, Inc.)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the applicable Grantor will be credited only with payments actually made by the purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and the Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Cit Group Inc), Amendment Agreement (Cit Group Inc)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor Grantors will be credited only with payments actually made by the purchaser thereof and received by Collateral Agent and applied to indebtedness of the purchaserpurchaser thereof. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor Grantors shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Security Agreement (Document Security Systems Inc), Credit and Guaranty Agreement (Del Frisco's Restaurant Group, LLC)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the applicable Grantor will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and the applicable Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Credit Agreement (Enviva Partners, LP), Credit Agreement (Enviva Partners, LP)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Senior Secured Revolving Credit and Guaranty Agreement (Euramax International, Inc.), Pledge and Security Agreement (Euramax International, Inc.)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, the applicable Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and such Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (SafeNet Holding Corp), First Lien Credit Agreement (SafeNet Holding Corp)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor Grantors will be credited only with payments actually made by purchaser and the purchaser, received by the Collateral Agent Agent, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor Grantors shall be credited with the proceeds of the sale.
Appears in 2 contracts
Samples: Pledge, Assignment, and Security Agreement (Allied Capital Corp), Pledge, Assignment, and Security Agreement (Allied Capital Corp)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaserObligations. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Joe's Jeans Inc.), Guarantee and Collateral Agreement (Joe's Jeans Inc.)
Sales on Credit. If the Revolving Collateral Agent sells any of the Collateral upon credit, each Grantor will be credited only with payments actually made by purchaser and received by the Revolving Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Revolving Collateral Agent may resell the Collateral and each Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Revolving Credit and Guaranty Agreement (REV Group, Inc.), Revolving Credit and Guaranty Agreement (REV Group, Inc.)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the Grantor will be credited only with payments actually made by the purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and the Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Assignment and Acceptance (Exelon Generation Co LLC), Credit Agreement (Potomac Electric Power Co)
Sales on Credit. If the Collateral Agent Trustee sells any of the Collateral upon credit, the Grantor will be credited only with payments actually made by purchaser and received by the Collateral Agent Trustee and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent Trustee may resell the Collateral and the Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Junior Lien Pledge and Security Agreement (Unisys Corp), Priority Lien Pledge and Security Agreement (Unisys Corp)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Bell Powersports, Inc.), Pledge and Security Agreement (Easton-Bell Sports, Inc.)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Lumentum Holdings Inc.), Pledge and Security Agreement (Cohu Inc)
Sales on Credit. If Collateral Agent Trustee sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by the Collateral Agent Trustee and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent Trustee may resell the Collateral and the Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Senior Notes Security Agreement (PRETIUM CANADA Co), Senior Notes Security Agreement (PRETIUM CANADA Co)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the such purchaser. In the event the such purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Pledge and Security Agreement, Pledge and Security Agreement (Akoustis Technologies, Inc.)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor the Grantors will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaserPurchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor the Grantors shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Prolong International Corp), Pledge and Security Agreement (St Cloud Capital Partners Lp)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor the Grantors will be credited only with payments actually made by the purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor the Grantors shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Security Agreement (Dts, Inc.), Security Agreement (Dts, Inc.)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor the Grantors will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Tumi Holdings, Inc.), Credit and Guaranty Agreement (Tumi Holdings, Inc.)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness Indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Collateral the Agent sells any of the Collateral upon credit, Grantor the Grantors will be credited only with payments actually made by the purchaser and received by Collateral the Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral the Agent may resell the Collateral and Grantor the Grantors shall be credited with proceeds of the salesale in accordance with the provisions of this Section 7.
Appears in 1 contract
Sales on Credit. If the Collateral Agent Trustee sells any of the Collateral upon credit, the Grantor will be credited only with payments actually made by the purchaser and received by the Collateral Agent Trustee and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent Trustee may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Collateral Agent the Lender sells any of the Collateral upon credit, each Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent the Lender and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the any Collateral, Collateral Agent the Lender may resell the such Collateral and each Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Collateral any Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral such Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral such Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Pledge and Security Agreement (Alpha Natural Resources, Inc.)
Sales on Credit. If Collateral Agent sells any of the Collateral upon on credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (American Reprographics CO)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor the Grantors will be credited only with payments actually made by the purchaser and received by the Collateral Agent and applied to indebtedness of the purchaserAgent. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor the Grantors shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Pledge and Security Agreement (Kraton Performance Polymers, Inc.)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the applicable Grantor or Holdings, as applicable, will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and the applicable Grantor or Holdings, as the case may be, shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Enviva Partners, LP)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor Grantors will be credited only with payments actually made by purchaser and the purchaser, received by the Collateral Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor the Grantors shall be credited with the proceeds of the sale.. 28
Appears in 1 contract
Sales on Credit. If Collateral the Agent sells any of the Collateral upon credit, each Grantor will be credited only with payments actually made by purchaser and received by Collateral the Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the any Collateral, Collateral the Agent (acting at the direction of the Requisite Purchasers) may resell the such Collateral and each Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If the Term Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by the Term Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Term Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Collateral Agent sells any of the Collateral in connection with the exercise of remedies pursuant to Section 7.1(a) of this Agreement upon credit, Grantor will be credited only with payments actually made by the purchaser thereof and received by Collateral Agent and applied to indebtedness of the purchaserpurchaser thereof. In the event the purchaser Collateral Agent and applied to indebtedness of the purchaser thereof. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Revenue Sharing and Note Purchase Agreement (Andrea Electronics Corp)
Sales on Credit. If Collateral Agent Lender sells any of the Collateral upon credit, Grantor Grantors will be credited only with payments actually made by purchaser and the purchaser, received by Collateral Agent Lender, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent Lender may resell the Collateral and Grantor Grantors shall be credited with proceeds the Proceeds of the sale.
Appears in 1 contract
Samples: Pledge and Security Agreement (Electronic Cigarettes International Group, Ltd.)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by the purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Third Lien Pledge and Security Agreement (Vonage Holdings Corp)
Sales on Credit. If Subject to the provisions of the Credit Agreement, if Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Pledge and Security Agreement (Kv Pharmaceutical Co /De/)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the applicable Grantor will be credited only with payments actually made by the purchaser thereof and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and the applicable Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Pattern Energy Group Inc.)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor the Grantors will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaserGrantors. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor the Grantors shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Pledge and Security Agreement (Xerium Technologies Inc)
Sales on Credit. If the Revolving Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by the Revolving Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Revolving Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor the Grantors will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor the Grantors shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and the purchaser, received by Collateral Agent Agent, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds the Proceeds of the sale.
Appears in 1 contract
Samples: Security Agreement (Aemetis, Inc)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, the applicable Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and the applicable Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If Collateral the Agent sells any of the Collateral upon credit, Grantor the Grantors will be credited only with payments actually made by the purchaser and received by Collateral the Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral the Agent may resell the Collateral and Grantor the Grantors shall be credited with proceeds of the salesale in accordance with the provisions of this SECTION 7.
Appears in 1 contract
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Pledge and Security Agreement
Sales on Credit. If the Notes Collateral Agent (to the extent permitted hereunder) sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by the Notes Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Notes Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Pledge and Security Agreement (Global Brass & Copper Holdings, Inc.)
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor the Grantors will be credited only with payments actually made by purchaser and received by the Collateral Agent and applied to indebtedness of the purchaser; provided that the Collateral Agent shall not extend credit in any manner that is unduly burdensome to the Grantors. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor the Grantors shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, Grantor Grantors will be credited only with payments actually made by purchaser and the purchaser, received by the Collateral Agent Agent, and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and Grantor the Grantors shall be credited with the proceeds of the sale.
Appears in 1 contract
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the applicable Grantor will be credited only with payments actually made by the purchaser and received by the Collateral Agent and applied to indebtedness of the purchaserAgent. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and the applicable Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Credit and Guarantee Agreement (AutoTrader Group, Inc.)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, the relevant Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (TerraForm Power, Inc.)
Sales on Credit. If Collateral Agent sells any of the Collateral upon on credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.. SECOND LIEN PLEDGE AND SECURITY AGREEMENT EXECUTION
Appears in 1 contract
Samples: Credit and Guaranty Agreement (American Reprographics CO)
Sales on Credit. If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If the Term Collateral Agent sells any of the Collateral upon credit, each Grantor will be credited only with payments actually made by purchaser and received by the Term Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Term Collateral Agent may resell the Collateral and each Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
Sales on Credit. If the Collateral Agent sells any of the Collateral upon credit, the applicable Grantor will be credited only with payments actually made by such purchaser and received by the Collateral Agent and applied to indebtedness of the such purchaser. In the event the such purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and the applicable Grantor shall be credited with proceeds of the sale.
Appears in 1 contract
