Common use of Security Interest in Reserves; Other Matters Pertaining to Reserves Clause in Contracts

Security Interest in Reserves; Other Matters Pertaining to Reserves. (a) The Obligors hereby grant to the Indenture Trustee on behalf of the Secured Parties a security interest in and to all of the Obligors’ right, title and interest in and to the Account Collateral, including the Reserves, as security for payment and performance of all of the Obligations hereunder and under the other Transaction Documents, in accordance with the terms of Section 14.01.

Appears in 2 contracts

Samples: Base Indenture (Frontier Communications Parent, Inc.), Frontier Communications Parent, Inc.

AutoNDA by SimpleDocs

Security Interest in Reserves; Other Matters Pertaining to Reserves. (a) The Obligors hereby grant to the Indenture Trustee on behalf of the Secured Parties a security interest in and to all of the Obligors’ right, title and interest in and to the Account Collateral, including the Reserves, as security for payment and performance of all of the Obligations hereunder and under the other Transaction Documents, . The Reserves constitute Account Collateral and are subject to the security interest in accordance with favor of Indenture Trustee created herein and all provisions of this Indenture and the terms of Section 14.01other Transaction Documents pertaining to Account Collateral.

Appears in 1 contract

Samples: American Tower Corp /Ma/

AutoNDA by SimpleDocs

Security Interest in Reserves; Other Matters Pertaining to Reserves. (a) The Obligors hereby grant to the Indenture Trustee on behalf of the Secured Parties a security interest in and to all of the Obligors’ right, title and interest in and to the Account Collateral, including the Reserves, as security for payment and performance of all of the Obligations hereunder and under the other Transaction Documents, . The Reserves constitute Account Collateral and are subject to the security interest in accordance with favor of the terms Indenture Trustee created herein and all provisions of Section 14.01this Indenture and the other Transaction Documents pertaining to Account Collateral.

Appears in 1 contract

Samples: Indenture (American Tower Corp /Ma/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!