Trade Receivables. (a) If an Obligor grants security over its material trade receivables it shall be free to deal with those receivables in the course of its business until an Event of Default has occurred which is continuing and notice of acceleration in connection thereof has been given by the Facility Agent in accordance with the terms of this Agreement.
Appears in 2 contracts
Samples: Senior Facilities Agreement (Elster Group SE), Senior Facilities Agreement (Elster Group SE)
Trade Receivables. (a) If an Obligor grants security Security over its material trade receivables it shall be free to deal with those receivables in the course of its business until an Event of Default has occurred in respect of which is continuing and notice of acceleration in connection thereof has been given served by the Facility Agent in accordance with the terms of this AgreementClause 29.22 (Acceleration).
Appears in 1 contract
Samples: Facilities Agreement (Inspired Entertainment, Inc.)
Trade Receivables. (a) If an Obligor grants security over its material trade receivables it shall be free to deal with those receivables in the course of its business until an Event of Default has occurred which is continuing and notice of acceleration in connection thereof has been given by the Facility Agent in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Facility Agreement (Orion Engineered Carbons S.a r.l.)
