Security held by the Chargor. The Chargor may not, without the prior consent of the Collateral Agent, hold any security from any other Chargor in respect of the Chargor’s liability under this Debenture. The Chargor shall hold any security held by it in breach of this provision on trust for the Collateral Agent.
Appears in 3 contracts
Samples: Credit and Guaranty Agreement (American Airlines, Inc.), First Amendment and Restatement Agreement (American Airlines Inc), Credit and Guaranty Agreement (American Airlines Inc)
Security held by the Chargor. The No Chargor may not, will without the prior written consent of the Collateral Agent, Security Agent hold any security from any other Chargor Obligor in respect of the such Chargor’s 's liability under this Debenturehereunder. The Each Chargor shall will hold any security held by it in breach of this provision on trust for the Collateral AgentSecurity Agent (as agent and trustee as aforesaid).
Appears in 2 contracts
Samples: Debenture (Pacificorp /Or/), Debenture (Pacificorp /Or/)
Security held by the Chargor. (a) The Chargor may shall not, without the prior written consent of the Collateral Security Agent, hold or otherwise take the benefit of any security Security from any other Chargor Debtor in respect of the Chargor’s liability under this Debenture. Security Agreement.
(b) The Chargor shall hold any security Security and the proceeds thereof held by it in breach of this provision Clause 17.7 on trust for the Collateral AgentSecurity Agent and shall promptly pay or transfer those proceeds to the Security Agent or as the Security Agent may direct.
Appears in 2 contracts
Samples: Security Agreement (Paysafe LTD), Security Agreement (Paysafe LTD)
Security held by the Chargor. The Chargor may must not, without the prior consent of the Collateral Security Agent, hold any security from any other Chargor Obligor in respect of the Chargor’s 's liability under this DebentureDeed. The Chargor shall will hold any security held by it in breach of this provision on trust for the Collateral Security Agent.
Appears in 1 contract
Samples: Company Debenture
Security held by the Chargor. The Chargor may not, without the prior consent of the Collateral AgentInvestor, hold any security from any other Chargor Obligor in respect of the Chargor’s liability under this DebentureDeed. The Chargor shall will hold any security held by it in breach of this provision on trust for the Collateral AgentInvestor.
Appears in 1 contract
Samples: Account Security Agreement (Fosun International LTD)
Security held by the Chargor. The Chargor may not, without the prior consent of the Collateral Security Agent, hold any security from any other Chargor Obligor in respect of the Chargor’s liability under this DebentureDeed. The Chargor shall will hold any security held by it in breach of this provision on trust for the Collateral Security Agent.
Appears in 1 contract
