Examples of Xxxxxxxx Collateral in a sentence
The Collateral and the Xxxxxxxx Collateral is owned by the Grantors free and clear of any Lien, except for (i) Permitted Liens or (ii) Liens for which termination statements have been delivered to the Collateral Agent.
If any amount payable under or in connection with any of the Collateral or the Xxxxxxxx Collateral shall be or become evidenced by any promissory note or other instrument with an individual face value in excess of $1,000,000, such note or instrument shall be promptly pledged to the Collateral Agent and delivered to the Collateral Agent, duly endorsed in a manner satisfactory to the Collateral Agent.
The Security Interest is and shall be prior to any other Lien on any of the Xxxxxxxx Collateral, subject only to Permitted Liens having priority by operation of Applicable Law.
Each Grantor shall, at its own cost and expense, take any and all actions reasonably necessary to defend the Security Interest of the Collateral Agent in the Collateral and the Xxxxxxxx Collateral against any Lien (other than Permitted Liens) and the priority thereof (except for Permitted Liens having priority by operation of Applicable Law).
The Security Interest is granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of, any Grantor with respect to or arising out of the Collateral or the Xxxxxxxx Collateral.
Die Geltung etwaiger entgegenstehender oder ergänzender Geschäftsbedingun- gen des KUNDEN ist ausdrücklich ausgeschlossen und diese werden hiermit in keiner Weise bestätigt oder in diese Verein- Language of the Agreement.
In connection with the termination of this Agreement and the release and termination of the security interests in the Collateral and/or the Xxxxxxxx Collateral, the Collateral Agent, on behalf of itself and the other Secured Parties, may require such indemnities as it shall reasonably deem necessary or appropriate to protect the Secured Parties against any loss on account of credits previously applied to the Secured Obligations that may subsequently be reversed or revoked.
None of the Grantors shall make or permit to be made any collateral assignment, pledge or hypothecation of the Collateral or the Xxxxxxxx Collateral or shall grant any other Lien in respect of the Collateral or the Xxxxxxxx Collateral or shall grant Control (for purposes of security) of any Collateral or the Xxxxxxxx Collateral to any Person, except for Permitted Liens and other Liens permitted to be incurred under Section 4.13 of the Indenture.