Examples of Inventory Collateral Agent in a sentence
Subject to the Intercreditor Agreement, this Security may be enforced by the Inventory Collateral Agent at any time after a Trigger Event has occurred and is continuing.
The rights of the Inventory Collateral Agent under this Agreement (a) may be exercised as often as necessary; (b) are cumulative and not exclusive of its rights under law or in equity, and (c) may be waived only in writing and specifically.
Any moneys received in connection with the Collateral by the Inventory Collateral Agent after this Security has become enforceable must be applied in accordance with the terms of the Intercreditor Agreement.
Each Grantor ratifies and confirms all actions taken by the Inventory Collateral Agent or its agents under its respective power of attorney.
Subject to the Intercreditor Agreement, this Agreement may be modified or supplemented or waived only by an instrument or instruments in writing consented to and signed by each Grantor and the Inventory Collateral Agent.
To the extent allowed by law, the Inventory Collateral Agent or any other Secured Party may take (i) proceedings in any other court and (ii) concurrent proceedings in any number of jurisdictions.
The Pledgor recognizes that in light of such restrictions and limitations the Inventory Collateral Agent may, with respect to any sale of the Pledged Securities, limit the purchasers to those who will agree, among other things, to acquire such Pledged Securities for their own account, for investment, and not with a view to the distribution or resale thereof.
The Pledgor understands that compliance with the Federal Securities Laws might very strictly limit the course of conduct of the Inventory Collateral Agent if the Inventory Collateral Agent were to attempt to dispose of all or any part of the Pledged Securities, and might also limit the extent to which or the manner in which any subsequent transferee of any Pledged Securities could dispose of the same.
All Insurance Proceeds will be deposited into the Insurance Proceeds Account; provided that for purposes of this Section 5 (Insurance and Takings) before Tesoro Hawaii opens the Insurance Proceeds Account, all references to the Insurance Proceeds Account will be deemed to be references to the Inventory Collateral Holding Account and all references to the Inventory Account Bank will be deemed to be references to the Inventory Collateral Agent.
Upon the occurrence and during the continuance of a Trigger Event and at the request of the Inventory Collateral Agent, such Grantor shall, at its own cost and expense, deliver all tangible evidence of its Accounts (including, without limitation, all documents evidencing the Accounts) and such books and records to the Inventory Collateral Agent or to its representatives (copies of such evidence and books and records may be retained by such Grantor).