Common use of Security Interest in Funds Clause in Contracts

Security Interest in Funds. As long as a Material Lease Default or Lease Event of Default shall have occurred and be continuing, any amount that would otherwise be payable to Lessee under the Operative Documents shall be paid to or retained by Lessor (including amounts to be paid to Lessee pursuant to Article IX or Section 22.12) as security for the performance by Lessee in full of its obligations under this Lease and the other Operative Documents, and, in the case of any existing Event of Default, it may be applied to the obligations of Lessee hereunder and under the other Operative Documents and distributed pursuant to Article XXI. At such time as no Material Lease Default or Lease Event of Default shall be continuing, such amounts, net of any amounts previously applied to Lessee's obligations hereunder or under any other Operative Documents, shall be paid to Lessee. Any such amounts which are held pending payment to Lessee or application hereunder shall be invested by Lessor as directed from time to time in writing by Lessee, and at the expense and risk of Lessee, in Permitted Investments. Any gain (including interest received) realized as the result of any such investment (net of any fees, commissions and other expenses, if any, incurred in connection with such investment) shall be applied from time to time in the same manner as the principal invested. Lessor shall not be liable for any losses on such investments. Lessee will promptly pay to Lessor on demand, the amount of any loss realized as the result of any such investment (together with any fees, commissions and other expenses, if any, incurred in connection with such investment), such amount to be held, paid and applied in the same manner as other amounts subject to this Section 22.13. [Remainder of this page intentionally left blank] LSI Logic Corporation Lease A SCHEDULE I DESCRIPTION OF EQUIPMENT [PROVIDED SEPARATELY] SCHEDULE II ADDRESSES FOR PAYMENTS AND NOTICE INFORMATION SCHEDULE III SERIES A AMORTIZATION SCHEDULE SCHEDULE 3.1(j) UCC FINANCING STATEMENTS ENCUMBRANCES EXHIBIT A TO SCHEDULE IV LSI LOGIC CORPORATION UCC SEARCH SUMMARY CHART SCHEDULE 17.1(d) GOVERNMENTAL CONSENTS SCHEDULE 17.1(g) LITIGATION SCHEDULE 17.1(l)

Security Interest in Funds. As long as a Material Lease Default or Lease Event of Default shall have occurred and be continuing, any amount that would otherwise be payable to Lessee under the Operative Documents shall be paid to or retained by Lessor (including amounts to be paid to Lessee pursuant to Article IX or Section 22.12) as security for the performance by Lessee in full of its obligations under this Lease and the other Operative Documents, and, in the case of any existing Event of Default, it may be applied to the obligations of Lessee hereunder and under the other Operative Documents and distributed pursuant to Article XXI. At such time as no Material Lease Default or Lease Event of Default shall be continuing, such amounts, net of any amounts previously applied to Lessee's obligations hereunder or under any other Operative Documents, shall be paid to Lessee. Any such amounts which are held pending payment to Lessee or application hereunder shall be invested by Lessor as directed from time to time in writing by Lessee, and at the expense and risk of Lessee, in Permitted Investments. Any gain (including interest received) realized as the result of any such investment (net of any fees, commissions and other expenses, if any, incurred in connection with such investment) shall be applied from time to time in the same manner as the principal invested. Lessor shall not be liable for any losses on such investments. Lessee will promptly pay to Lessor on demand, the amount of any loss realized as the result of any such investment (together with any fees, commissions and other expenses, if any, incurred in connection with such investment), such amount to be held, paid and applied in the same manner as other amounts subject to this Section 22.13. [Remainder of this page intentionally left blank] LSI Logic Corporation Lease A B -109- SCHEDULE I DESCRIPTION OF EQUIPMENT [PROVIDED SEPARATELY] SCHEDULE II ADDRESSES FOR PAYMENTS AND NOTICE INFORMATION SCHEDULE III SERIES A AMORTIZATION SCHEDULE (LEASE B) SCHEDULE 3.1(j) UCC FINANCING STATEMENTS ENCUMBRANCES EXHIBIT A TO SCHEDULE IV LSI LOGIC CORPORATION UCC SEARCH SUMMARY CHART ENCUMBRANCES SCHEDULE 17.1(d) GOVERNMENTAL CONSENTS SCHEDULE 17.1(g) LITIGATION SCHEDULE 17.1(l)

Security Interest in Funds. As long as a Material Lease Event of Default or Lease Event of Default shall have occurred and be continuing, any amount that would otherwise be payable to Lessee under the Operative Documents shall be paid to or retained by Lessor (including amounts to be paid to Lessee pursuant to Article IX ARTICLE XIII or Section 22.12SECTION 22.16) as security for the performance by Lessee in full of its obligations under this Lease and the other Operative Documents, Documents and, in the case of any existing if a Lease Event of DefaultDefault is continuing, it may be applied to the obligations of Lessee hereunder and under the other Operative Documents and distributed pursuant to Article XXIDocuments. At such time as no Material Lease Event of Default or Lease Event of Default shall be continuing, such amounts, net of any amounts previously applied to Lessee's obligations hereunder or under any other Operative Documents, shall be paid to Lessee. Any such amounts which are held pending payment to Lessee or application hereunder shall be invested by Lessor as directed from time to time in writing by LesseeLessee (PROVIDED, HOWEVER, that if a Lease Event of Default has occurred and is continuing, it will be directed by Agent), and at the expense and risk of Lessee, in Permitted Investments. Any gain (including interest received) realized as the result of any such investment (net of any fees, commissions and other expenses, if any, incurred in connection with such investment) shall be applied from time to time in the same manner as the principal invested. Lessor shall not be liable for any losses on such investments. Lessee will promptly pay to Lessor on demand, the amount of any loss realized as the result of any such investment (together with any fees, commissions and other expenses, if any, incurred in connection with such investment), such amount to be held, paid and applied in the same manner as other amounts subject to this Section 22.13. [Remainder of this page intentionally left blank] LSI Logic Corporation Lease A SCHEDULE I DESCRIPTION OF EQUIPMENT [PROVIDED SEPARATELY] SCHEDULE II ADDRESSES FOR PAYMENTS AND NOTICE INFORMATION SCHEDULE III SERIES A AMORTIZATION SCHEDULE SCHEDULE 3.1(j) UCC FINANCING STATEMENTS ENCUMBRANCES EXHIBIT A TO SCHEDULE IV LSI LOGIC CORPORATION UCC SEARCH SUMMARY CHART SCHEDULE 17.1(d) GOVERNMENTAL CONSENTS SCHEDULE 17.1(g) LITIGATION SCHEDULE 17.1(l)SECTION 22.17.

Security Interest in Funds. As long as a Material Lease Default or Lease Event of Default, or a Lease Default that upon notice or lapse of time, or both, would become an Insolvency Event, shall have occurred and be continuing, any amount that would otherwise be payable to Lessee under the Operative Documents shall be paid to or retained by Lessor (including amounts to be paid to Lessee pursuant to Article IX XIII or Section 22.1223.17) as security for the performance by Lessee in full of its obligations under this Lease and the other Operative Documents, and, in the case of any existing Event of Default, and it may be applied to the obligations of Lessee hereunder and under the other Operative Documents and distributed pursuant to Article XXISection 18.2. At such time as no Material Lease Default or Lease Event of Default, or no Lease Default that upon notice or lapse of time, or both, would become an Insolvency Event, or failure to perform shall be continuing, such amounts, net of any amounts previously applied to Lessee's obligations hereunder or under any other Operative Documents, shall be paid to Lessee. Any such amounts which are held pending payment to Lessee or application hereunder shall be invested by Lessor as directed from time to time in writing by Lessee, and at the expense and risk of Lessee, in Permitted Investments. Any gain (including interest received) realized as the result of any such investment (net of any fees, commissions and other expenses, if any, incurred in connection with such investment) shall be applied from time to time in the same manner as the principal invested. Lessor shall not be liable for any losses on such investmentsinvestments or for any failure to make any investment. Lessee will promptly pay to Lessor on demand, the amount of any loss realized as the result of any such investment (together with any fees, commissions and other expenses, if any, incurred in connection with such investment), such amount to be held, paid and applied in the same manner as other amounts subject to this Section 22.13. [Remainder of this page intentionally left blank] LSI Logic Corporation Lease A SCHEDULE I DESCRIPTION OF EQUIPMENT [PROVIDED SEPARATELY] SCHEDULE II ADDRESSES FOR PAYMENTS AND NOTICE INFORMATION SCHEDULE III SERIES A AMORTIZATION SCHEDULE SCHEDULE 3.1(j) UCC FINANCING STATEMENTS ENCUMBRANCES EXHIBIT A TO SCHEDULE IV LSI LOGIC CORPORATION UCC SEARCH SUMMARY CHART SCHEDULE 17.1(d) GOVERNMENTAL CONSENTS SCHEDULE 17.1(g) LITIGATION SCHEDULE 17.1(l)23.18.

Security Interest in Funds. As long as a Material Lease Default or Lease Event of Default shall have occurred and be continuing, any amount that would otherwise be payable to Lessee under the Operative Documents shall be paid to or retained by Lessor (including amounts to be paid to Lessee pursuant to Article IX VII or Section 22.1214.14) as security for the performance by Lessee in full of its obligations under this Lease and the other Operative Documents, and, in the case of any existing Event of Default, it may be applied to the obligations of Lessee hereunder and under the other Operative Documents and distributed pursuant to Article XXISection 9.4. At such time as no Material Lease Default or Lease Event of Default shall be continuing, such amounts, net of any amounts previously applied to Lessee's obligations hereunder or under any other Operative Documents, shall be paid to Lessee. Any such amounts which are held pending payment to Lessee or application hereunder shall be invested by Lessor as directed from time to time in writing by Lessee, and at the expense and risk of Lessee, in Permitted Investments. Any gain (including interest received) realized as the result of any such investment (net of any fees, commissions and other expenses, if any, incurred in connection with such investment) shall be applied from time to time in the same manner as the principal invested. Lessor shall not be liable for any losses on such investments. Lessee will promptly pay to Lessor on demand, the amount of any loss realized as the result of any such investment (together with any fees, commissions and other expenses, if any, incurred in connection with such investment), such amount to be held, paid and applied in the same manner as other amounts subject to this Section 22.1314.15. [Remainder of this page intentionally left blank] LSI Logic Corporation Trust No. 2001-A Lease A SCHEDULE I DESCRIPTION OF EQUIPMENT [PROVIDED SEPARATELY] SCHEDULE II ADDRESSES FOR PAYMENTS AND NOTICE INFORMATION SCHEDULE III SERIES A AMORTIZATION SCHEDULE SCHEDULE 3.1(j) UCC FINANCING STATEMENTS ENCUMBRANCES EXHIBIT A TO SCHEDULE IV LSI LOGIC CORPORATION UCC SEARCH SUMMARY CHART SCHEDULE 17.1(d) GOVERNMENTAL CONSENTS SCHEDULE 17.1(g) LITIGATION SCHEDULE 17.1(l)Intended as Security