Dealings with Collateral. Until the occurrence of an Event of Default (as hereinafter defined) the Debtor may sell its inventory and collect its accounts in the ordinary course of business; provided that all accounts so collected shall be held by the Debtor as agent and in trust for the Secured Party and paid to the Secured Party immediately upon its request. The Debtor agrees to deposit all proceeds from the disposition of inventory into its ordinary operating general business bank account. The Secured Party shall have the right at any time and from time to time to confirm the existence and state of Collateral in any manner Secured Party may consider appropriate and Debtor agrees to furnish all assistance and information and to perform all such acts as Secured Party may reasonably request in connection therewith and for such purpose to grant to Secured Party or its agents access during normal business hours to all places where Collateral may be located and to all premises occupied by Debtor.
Dealings with Collateral. Until the security interest hereby created becomes enforceable, the Debtor may sell its Inventory and collect its book debts in the ordinary course of its business; provided that after the security interest becomes enforceable, all book debts collected by the Debtor shall be immediately remitted to the Vendors. Until remitted, all book debts received by the Debtor shall be held by the Debtor as agent and in trust for the Vendors.
Dealings with Collateral. Prior to the consummation of a Qualified IPO, the Company shall not, without the prior written consent of the Required Holders, locate any Collateral (as such term is defined in the General Security Agreement executed by the Company) in any province other than the Province of Ontario if, as a result, less than 95% (on a net book value basis) of all tangible assets comprising such Collateral, are situate in the Province of Ontario unless the Company has given the Collateral Agent at least 20 Business Days prior written notice and effected the registrations referred to in Section 17(n) in such province and in the case of Quebec, entered into additional security documents reasonably acceptable to the Collateral Agent.
Dealings with Collateral. The Borrower shall not, without the prior written consent of the Administrative Agent, locate any Collateral (as such term is defined in the Borrower's Security Documents) in any province other than the Province of Ontario if, as a result, less than 95% (on a net book value basis) of all tangible assets comprising such Collateral, are situate in the Province of Ontario.
Dealings with Collateral. The Agent may seize, collect, realize, dispose of, enforce, release to third parties or otherwise deal with any Collateral in such manner, upon such terms and conditions and at such times as the Agent may see fit and without notice to the Debtor (except as otherwise required by any applicable law), and may charge on its own behalf and pay to others, sums for costs and expenses incurred (including, without limitation, legal fees on a solicitor-client basis, and Receivers', accounting and other professional fees) in or in connection with seizing, collecting, realizing, disposing, enforcing or otherwise dealing with the Collateral and the protection and enforcement of the rights and remedies of the Secured Parties hereunder. The Agent and the other Secured Parties may file such proofs of claim and other documents as may be necessary or advisable in order to prove their claims in any bankruptcy, proposal, winding-up or other proceedings relating to the Debtor.
Dealings with Collateral. Until the security hereby constituted shall have become enforceable, the Security Interests shall in no way hinder or prevent the Corporation from selling, assigning, transferring, exchanging, leasing or otherwise disposing of or dealing with its property and assets, including the Collateral, in the ordinary course of business and for the purpose of carrying on the same, provided such action is not in breach of any of the covenants of the Corporation herein contained.
Dealings with Collateral. 6.1 Until the occurrence of an Event of Default (hereinafter defined), the Debtor may sell or lease the Inventory and collect the Accounts in the ordinary course of its business.
Dealings with Collateral. Until the Security Interest becomes enforceable, the Borrower may sell its Inventory and collect its Accounts in the ordinary course of its business; provided that after the Security Interest becomes enforceable, all Accounts collected by the Borrower shall be immediately remitted to the Lenders. Until remitted, all Accounts received by the Borrower shall be held by the Borrower as agent and in trust for the Lenders.
Dealings with Collateral. Without in any way limiting Sections 2.7, 2.6, or 6.4 hereof, the Collateral Agent and the other Secured Parties:
Dealings with Collateral. The Company shall, and shall cause NV Holdings to, only take action in respect of the Collateral in good faith and with due regard to the preservation of the value of the Collateral (including, without limitation, the sale, purchase and voting of the Collateral).
