Common use of Collateral Trust Agreement Clause in Contracts

Collateral Trust Agreement. 8.20.1 Notwithstanding anything herein to the contrary, the Liens and security interests granted to the Collateral Trustee pursuant to this Security Agreement, the exercise of any right or remedy by the Collateral Trustee hereunder and each other provision of this Security Agreement are, as between or among the Collateral Trustee and Secured Parties, subject to the provisions of the Collateral Trust Agreement and the rights of the Secured Parties set forth in the Collateral Trust Agreement. In the event of any conflict between the terms of the Collateral Trust Agreement and the terms of this Security Agreement, the terms of the Collateral Trust Agreement shall govern.

Appears in 2 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (YRC Worldwide Inc.)

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Collateral Trust Agreement. 8.20.1 (a) Notwithstanding anything herein to the contrary, the Liens liens and security interests granted to the Collateral Trustee pursuant to this Security Agreement, the exercise of any right or remedy by the Collateral Trustee hereunder and each other provision of this Security Agreement are, as between or among the Collateral Trustee and the Secured Parties, subject to the provisions of the Collateral Trust Agreement and the rights of the Secured Second Parties set forth in the Collateral Trust Agreement. In the event of any conflict between the terms of the Collateral Trust Agreement and the terms of this Security Agreement, the terms of the Collateral Trust Agreement shall govern.

Appears in 2 contracts

Samples: Security Agreement (American Capital, LTD), Security Agreement (American Capital, LTD)

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