Investment Property definition
Examples of Investment Property in a sentence
Agent, as proxy, will be empowered and may exercise the irrevocable proxy to vote the Pledged Equity and/or the other Investment Property at any and all times during the existence of an Event of Default, including, without limitation, at any meeting of shareholders or members, as the case may be, however called, and at any adjournment thereof, or in any action by written consent, and may waive any notice otherwise required in connection therewith.
To this end, each Obligated Party hereby irrevocably constitutes and appoints Lender the proxy and attorney in fact of such Obligated Party with full power of substitution, to vote, and to act with respect to, any and all Collateral that is Investment Property standing in the name of such Obligated Party or with respect to which such Obligated Party is entitled to vote and act, subject to the understanding that such proxy may not be exercised unless an Event of Default has occurred.
Neither Borrower nor any Subsidiary (other than Excluded Subsidiaries and the MSC Subsidiary) shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Agent has an Account Control Agreement, in each case other than Excluded Accounts.
Borrower agrees that Lender shall have no obligation to engage in public sales and no obligation to delay the sale of any Investment Property for the period of time necessary to permit the issuer thereof to register it for a form of public sale requiring registration under the Securities Act or under applicable state securities Laws, even if such issuer would, or should, agree to so register it.
Each Obligated Party shall deliver to Lender the originals (now and hereafter received by any Obligated Party) of all Chattel Paper, certificated Investment Property and Instruments of such Obligated Party, endorsed or assigned, if required by ▇▇▇▇▇▇, in favor of Lender, and, if required by ▇▇▇▇▇▇, shall mark such with a legend indicating that it is subject to the security interest granted hereunder.