Control of Proceeds. following the occurrence and during the continuance of an Event of Default, the Holder may take control of any proceeds of the assigned accounts.
Appears in 3 contracts
Samples: Credit Agreement (Lone Pine Resources Inc.), Credit Agreement (Lone Pine Resources Inc.), Credit Agreement (Forest Oil Corp)
Control of Proceeds. following the occurrence and Holder may during the continuance of existence an Event of Default, the Holder may Default take control of any proceeds of the assigned accounts.
Appears in 2 contracts
Samples: Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Nacg Finance LLC)