Benefits of Collateral Sample Clauses

Benefits of Collateral. The Agent shall hold all of the Collateral, along with all payments and proceeds arising therefrom, for the benefit of all Banks as ratable security for the payment of the Obligations. Upon payment in full of the Obligations, the Agent shall release all of the Collateral remaining in the Agent's possession to the Borrower and shall notify each Bank of such action. The Agent, in its own name or in the name of the Borrower, may enforce any of the Collateral or the security therefor by any mode provided under the Credit Documents or by applicable law, and may collect, receive and receipt for all proceeds receivable on account of ownership of the Collateral.
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Benefits of Collateral. The benefits of the security in Collateral which is margin stock (the "Margin Stock Collateral") created by the Pledge Agreement shall be allocated first to the benefit and security of the payment of the principal and interest on the Reg U Credits of the Banks and of all other amounts payable by the Borrower hereunder in connection with the Reg U Credits (collectively, the "Reg U" Amounts) and second, only after the payment in full of the Reg U Amounts, to the benefit and security of the payment of the principal and interest on the Non-Reg U Credits of the Banks and of all other amounts payable by the Borrower under this Agreement in connection with the Non- Reg U Credits (collectively, the "Non-Reg U Amounts"). The benefits of the security in Collateral other than Margin Stock Collateral created by the Security Documents and the benefits of any security in Collateral other than Margin Stock Collateral created by this Agreement, shall be allocated first to the benefit and security of the payment of the Non-Reg U Amounts and second, only after the payment in full of the Non Reg-U Amounts, to the benefit and security of the payment of the Reg U Amounts.
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Benefits of Collateral. Administrative Agent shall hold the Collateral required to be pledged and deposited by the Loan Parties to Administrative Agent, along with all payments and proceeds arising therefrom, for the ratable benefit of Lenders as security for the payment of all Obligations. Upon payment in full of all Obligations and termination of all Commitments, Administrative Agent shall release, if not sooner released pursuant to SECTION 5.01(D), all of the Collateral remaining in its possession to Borrower and shall notify each Lender of the release. Except as otherwise expressly provided for in this Article 5, Administrative Agent, in its own name or in the name of Borrower, may enforce any of the Collateral or the security therefor by any mode provided under the Loan Documents or by the law of the state in which the Collateral or in which any real property subject to any of the Collateral is located, and may collect and receive proceeds receivable on account of ownership of the Collateral.
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Benefits of Collateral. Where possession of Collateral is required to perfect the Security Interests, Tosi xxxll hold such Collateral required to be pledged and deposited by Borrower or a Subsidiary under the terms of the Security Instruments, along with all payments and proceeds arising therefrom, for the benefit of both Secured Parties as ratable security for the payment of the Notes in accordance with the respective Percentage Interests of Secured Parties. All payments and proceeds of every kind from any Collateral, when directly received by a Secured Party (whether from payments on or with respect to the Collateral, from foreclosure and sale to third parties, from sale of Collateral subsequent to a foreclosure at which Tosi xx Chisxxxx xxx the purchaser, or otherwise), shall be held by it as a part of the Collateral and, except as otherwise expressly provided hereinafter, shall be applied to the Notes in the manner set forth in Section 3. Unless and until the Notes are paid in full, upon payment of a Note, the Secured Party holding any Collateral given to secure such Note shall not re-deliver or release any such Collateral to Borrower or any Subsidiary, but shall deliver any such Collateral to the Secured Party whose Note is then unpaid and outstanding. Notwithstanding anything in this Agreement to the contrary, however, Borrower agrees that all payments of principal it makes under the Notes shall be made to both Secured Parties in accordance with their respective Percentage Interests (except to the extent that a Secured Party may choose to convert part or all of such principal into shares of Borrower's common stock in accordance with the provisions of the applicable Loan Agreement).
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Benefits of Collateral. 29 3.07. Guaranty........................................................ 29
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Benefits of Collateral. Administrative Agent shall hold the Mortgaged Properties, the Capital Stock of the Subsidiaries described in Section 3.01(b) above and other collateral required to be pledged and deposited by the Loan Parties to Administrative Agent, along with all payments and proceeds arising therefrom, for the ratable benefit of Banks as security for the payment of the Notes and Obligation. Except as otherwise expressly provided for in this Article 3, Administrative Agent, in its own name or in the name of Company or Arkoma Holding, may enforce any of the Collateral Documents or the security therefor by any method provided under the Loan Documents or by the law of the state in which the Mortgaged Properties or in which any real property subject to any of the Collateral Documents is located, and may collect and receive proceeds receivable on account of ownership of the Mortgaged Properties.
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Benefits of Collateral. Agent shall hold the Collateral required to be pledged and deposited by the Borrowers to Agent, along with all payments and proceeds arising therefrom, for the ratable benefit of the Banks as security for the payment of all Obligations. Upon payment in full of all Obligations, Agent shall release all of the Collateral remaining in its possession to the Borrowers and shall notify each Bank of the release. Except as otherwise expressly provided for in this Article 4, Agent, in its own name or in the name of the Borrowers, may enforce any of the Collateral or the security therefor by any mode provided under the Loan Documents or by the law of the state in which the Collateral or in which any real property subject to any of the Collateral is located, and may collect and receive proceeds receivable on account of ownership of the Collateral.
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Benefits of Collateral. 34 5.06. STATUS OF COLLATERAL IN EVENT OF DEFAULT.......................................................35
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Related to Benefits of Collateral

  • Loss of Collateral There occurs any uninsured loss to any material portion of the Collateral; or

  • Rights of Collateral Agent (a) The Collateral Agent may execute and effect any of its duties under the Security Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.

  • Types of Collateral None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber.

  • Proceeds of Collateral Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a Dominion Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into a Dominion Account.

  • Locations of Collateral (a) Properties Owned by the Grantor:

  • Releases of Collateral (i) If any Collateral shall be sold, transferred or otherwise disposed of by any Obligor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Obligor, shall promptly execute and deliver to such Obligor all releases and other documents, and take such other action, reasonably necessary for the release of the Liens created hereby or by any other Collateral Document on such Collateral. (ii) The Administrative Agent may release any of the Pledged Equity from this Agreement or may substitute any of the Pledged Equity for other Pledged Equity without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Agreement as to any Pledged Equity not expressly released or substituted, and this Agreement shall continue as a first priority lien on all Pledged Equity not expressly released or substituted.

  • Protection of Collateral All expenses of protecting, storing, warehousing, insuring, handling, maintaining and shipping any Collateral, all Taxes payable with respect to any Collateral (including any sale thereof), and all other payments required to be made by Agent to any Person to realize upon any Collateral, shall be borne and paid by Borrowers. Agent shall not be liable or responsible in any way for the safekeeping of any Collateral, for any loss or damage thereto (except for reasonable care in its custody while Collateral is in Agent’s actual possession), for any diminution in the value thereof, or for any act or default of any warehouseman, carrier, forwarding agency or other Person whatsoever, but the same shall be at Borrowers’ sole risk.

  • Collection of Accounts, Proceeds of Collateral Each Borrower agrees that all invoices rendered and other requests made by such Borrower for payment in respect of Accounts shall contain a written statement directing payment in respect of such Accounts to be paid to a lockbox established pursuant to subsection 6.2.4. To expedite collection, each Borrower shall endeavor in the first instance to make collection of its Accounts for Agent. All remittances received by each Borrower on account of Accounts, together with the proceeds of any other Collateral, shall be held as Agent's property, for its benefit and the benefit of Lenders, by such Borrower as trustee of an express trust for Agent's benefit and such Borrower shall immediately deposit same in kind in the Dominion Account. Agent retains the right at all times after the occurrence and during the continuance of a Default or an Event of Default to notify Account Debtors that a Borrower's Accounts have been assigned to Agent and to collect such Borrower's Accounts directly in its own name, or in the name of Agent's agent, and to charge the collection costs and expenses, including attorneys' fees, to such Borrower.

  • Impairment of Collateral Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

  • Control of Collateral Accounts To establish “control” of the Collateral Accounts by the Secured Party under Sections 9-104 and 9-106 of the UCC, the Financial Institution agrees to comply with any order or instruction from the Secured Party directing the deposit, withdrawal, transfer or redemption of the cash or other financial assets credited to a Collateral Account (a “Secured Party Order”) without the need for consent by the Grantor or any other Person.

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