Convertible Collateral Sample Clauses

Convertible Collateral. Bank may present for conversion any Collateral which is convertible into any other instrument or investment security or a combination thereof with cash, but Bank shall not have any duty to present for conversion any Collateral unless it shall have received from Pledgor detailed written instructions to that effect at a time reasonably far in advance of the final conversion date to make such conversion possible.
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Convertible Collateral. Secured Party may present for conversion any Collateral which is convertible into any other instrument or investment security or a combination thereof with cash, but Secured Party shall not have any duty to present for conversion any Collateral unless it shall have received from Debtor detailed written instructions to that effect at a time reasonably far in advance of the final conversion date to make such conversion possible.
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Convertible Collateral. EXCO may present for conversion any Collateral which is convertible into any other instrument or investment security or a combination thereof with cash, but EXCO shall not have any duty to present for conversion any Collateral unless it shall have received from Pledgor detailed written instructions to that effect at a time reasonably far in advance of the final conversion date to make such conversion possible.
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Convertible Collateral. Bank may present for conversion any Collateral which is-convertible into any other instrument or investment security or a combination thereof with cash, but Bank shall not have any duty to present for conversion any Collateral unless it shall have received from Pledgor detailed written instructions to that effect at a time reasonably far in advance of the final conversion date to make such conversion possible. ADWe 05,0196 rxz18 R. 0511796 BOA / FBI / LAY : 12739 LBF001-00959 � ============= Page 4 of 7 ============= 8.
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Convertible Collateral. The Collateral Agent may present for conversion any Collateral which is convertible into any other instrument or investment security or a combination thereof with cash, but the Collateral Agent shall not have any duty to present for conversion any Collateral unless it shall have received from the Pledgor detailed written instructions to that effect at a time reasonably far in advance of the final conversion date to make such conversion possible.
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Convertible Collateral. Before or after the occurrence of an Event of Default, Secured Party may present for conversion any Collateral which is convertible into any other instrument or investment security or a combination thereof with cash; provided, however, that: (i) Secured Party shall provide Pledgor with notice if any of the Collateral is presented for conversion, but such notice shall not be a condition precedent to Secured Party taking such action; and (ii) prior to the occurrence of an Event of Default, Secured Party agrees that it shall not convert (a) Tele-Communications, Inc. ("TCI") Series B Common Stock into TCI Series A Common Stock; (b) TCI Liberty Media Group Series B Common Stock into TCI Liberty Media Group Series A Common Stock; and (c) TCI Ventures Group Series B Common Stock into TCI Ventures Group Series A Common Stock. Except as set forth in Section 7.4 of the Loan Agreement, Secured Party shall have no obligation to present any Collateral for conversion. Notwithstanding anything contained in this Agreement to the contrary, foreclosure on and disposition of Collateral that consists of High Vote Stock shall be subject to Secured Party's compliance with Section 7.4 of the Loan Agreement.
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Convertible Collateral. Before or after the occurrence of an Event of Default, Secured Party may present for conversion any Collateral which is convertible into any other instrument or investment security or a combination thereof with cash; provided, however, that: (i) Secured Party shall provide Pledgor with notice if any of the Collateral is presented for conversion, but such notice shall not be a condition precedent to Secured Party taking such action; and (ii) prior to the occurrence of an Event of Default, Secured Party agrees that it shall not convert (a) Tele-Communications, Inc. ("TCI") Series B Common Stock into TCI Series A Common Stock; and (b) TCI Liberty Media Group Series B Common Stock into TCI Liberty Media Group Series A Common Stock. Secured Party shall have no obligation to present any Collateral for conversion.
Sample 1
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Related to Convertible Collateral

  • Eligible Collateral The following items will qualify as “Eligible Collateral” for the party specified. Party A Party B Valuation Percentage

  • Assemble Collateral Lender may require Grantor to deliver to Lender all or any portion of the Collateral and any and all certificates of title and other documents relating to the Collateral. Lender may require Grantor to assemble the Collateral and make it available to Lender at a place to be designated by Lender. Lender also shall have full power to enter upon the property of Grantor to take possession of and remove the Collateral. If the Collateral contains other goods not covered by this Agreement at the time of repossession, Grantor agrees Lender may take such other goods, provided that Lender makes reasonable efforts to return them to Grantor after repossession.

  • Convertible Debt On or prior to the Closing Date, the Company will cause to be cancelled all convertible debt in the Company. For the period of the Effective Time, the Company will not issue any convertible debt without the express written consent of the Investor.

  • Stock Collateral (1) The Company will cause the Stock Collateral to constitute at all times 100% of the total number of shares of each class of capital stock of each Issuer then outstanding that is owned directly or indirectly by the Company.

  • Promissory Notes and Tangible Chattel Paper If the Debtor shall at any time hold or acquire any promissory notes or tangible chattel paper, the Debtor shall forthwith endorse, assign and deliver the same to the Secured Party, accompanied by such instruments of transfer or assignment duly executed in blank as the Secured Party may from time to time specify.

  • Transactions Involving Collateral Except for inventory sold or accounts collected in the ordinary course of Grantor's business, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell inventory, but only in the ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of Grantor's business does not include a transfer in partial or total satisfaction of a debt or any bulk sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement, without the prior written consent of Lender. This includes security interests even if junior in right to the security interests granted under this Agreement. Unless waived by Lender, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to Lender.

  • Cap Collateral Reserved.

  • Collateral The Collateral for this Note includes the Funding Agreement and the Guarantee specified on the face hereof.

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