Common use of Securities and Deposits Clause in Contracts

Securities and Deposits. The Agent may at any time, 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 Obligations. Whether or not any Obligations are due, the Agent may demand, xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower may at any time be applied to or set off against any of the Obligations.

Appears in 3 contracts

Samples: Revolving Credit and Acquisition Loan Agreement (Jackson Products Inc), Security Agreement (Jackson Products Inc), Security Agreement (National Restaurant Enterprises Holdings Inc)

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Securities and Deposits. The Agent may at any time, 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 Obligations. Whether or not any Obligations are due, the Agent may demand, xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to any of the Borrower Subsidiaries may at any time be applied to or set off against any of the Obligations.

Appears in 2 contracts

Samples: Revolving Credit and Acquisition Loan Agreement (Jackson Products Inc), Security Agreement (Jackson Products Inc)

Securities and Deposits. The Agent may at any time, 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 Obligations. Whether or not any Obligations are due, the Agent may demand, xxx forat any time sue xxx, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to any of the Borrower Borrowers may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Nationsrent Inc)

Securities and Deposits. The Agent may at any time, 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 Obligations. Whether or not any Obligations are due, the Agent may demand, xxx sue for, collect, or make any makx xny settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower Company may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (National Auto Finance Co Inc)

Securities and Deposits. The Agent may at any time, 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 Obligations. Whether or not any Obligations are due, the Agent may demand, xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower Holdings may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (National Restaurant Enterprises Holdings Inc)

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Securities and Deposits. The Agent may at any time, 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 Obligations. Whether or not any Obligations are due, the Agent may demand, xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower AmeriKing may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (National Restaurant Enterprises Holdings Inc)

Securities and Deposits. The Agent may at any time, 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 Obligations. Whether or not any Obligations are due, the Agent may demand, xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower Company may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (CMG Information Services Inc)

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