Common use of Securities and Deposits Clause in Contracts

Securities and Deposits. Without limitation of Section 6.06, Secured Party (acting on instructions received pursuant to the terms of the STID) may at any time after the occurrence and during the continuance of an Enforcement Event, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Secured Obligations in accordance with the STID. Whether or not any Secured Obligations are due, Secured Party may after the occurrence and during the continuance of an Enforcement Event demand, xxx for, collect, or make any settlement or compromise that it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Secured Obligations, any deposits or other sums at any time credited by or due from Secured Party to Pledgor may at any time be applied to or set off against any of the Secured Obligations whether or not due and owing.

Securities and Deposits. Without limitation of Section 6.06, Secured Party (acting on instructions received pursuant to the terms of the STID) may at any time after the occurrence and during the continuance of an Enforcement Event, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Secured Obligations in accordance with the STID. Whether or not any Secured Obligations are due, Secured Party may after the occurrence and during the continuance of an Enforcement Event demand, xxx sue for, collect, or make any settlement or compromise that it deems desirable xxsirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Secured Obligations, any deposits or other sums at any time credited by or due from Secured Party to Pledgor may at any time be applied to or set off against any of the Secured Obligations whether or not due and owing.

Securities and Deposits. Without limitation of Section 6.06, Secured Party (acting on instructions received pursuant to the terms of the STID) may at any time after the occurrence and during the continuance of an Enforcement Event, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Secured Obligations in accordance with the STID. Whether or not any Secured Obligations are due, Secured Party may after the occurrence and during the continuance of an Enforcement Event demand, xxx sue for, collect, or make any settlement or compromise that it deems desirable xxxirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Secured Obligations, any deposits or other sums at any time credited by or due from Secured Party to Pledgor may at any time be applied to or set off against any of the Secured Obligations whether or not due and owing.