Delivery and Control. (i) Except as otherwise permitted under the Credit Agreement (including, without limitation, with respect to any Investment Related Property subject to a Permitted Lien), no Grantor shall grant “control” (within the meaning of such term under Article 9-106 of the UCC) over any Investment Related Property to any Person other than the Collateral Agent or its nominee, and, subject to the Intercreditor Agreement, the ABL Collateral Agent.
Appears in 3 contracts
Samples: Pledge and Security Agreement, Credit Agreement (Zekelman Industries, Inc.), Term Loan Credit Facility (CommScope Holding Company, Inc.)
Delivery and Control. (i) Except as otherwise permitted under the ABL Credit Agreement (including, without limitation, with respect to any Investment Related Property subject to a Permitted Lien), no Grantor shall grant “control” (within the meaning of such term under Article 9-106 of the UCC) over any Investment Related Property to any Person other than the ABL Collateral Agent or its nominee, and, subject to the Intercreditor Agreement, the ABL Fixed Asset Facility Collateral Agent.
Appears in 2 contracts
Samples: Pledge and Security Agreement, Revolving Credit Facility (CommScope Holding Company, Inc.)
Delivery and Control. (i) Except as otherwise permitted under the Credit Agreement Indenture (including, without limitation, with respect to any Investment Related Property subject to a Permitted Lien), no Grantor shall grant “control” (within the meaning of such term under Article 9-106 of the UCC) over any Investment Related Property to any Person other than the Collateral Agent or its nominee, and, subject to the Intercreditor AgreementAgreements, the ABL Collateral Agent and the Term B Credit Agreement Collateral Agent.
Appears in 1 contract
Samples: Pledge and Security Agreement (CommScope Holding Company, Inc.)
