Facilities as Collateral Sample Clauses

Facilities as Collateral. XXX hereby recognizes and agrees ------------------------ that the SRP Facilities, the Rights of Way and Building Entrances shall be and remain at all times the property of SRP, its successors and assigns, and shall at no time be or become subject to or collateral under any mortgage, bond, indenture or other financing arrangement of XXX. Similarly, SRP hereby recognizes and agrees that the XXX Facilities, the Rights of Way and Building Entrances shall be and remain at all times the property of XXX, its successors and assigns, and shall at no time be or become subject to or collateral under any mortgage, bond, indenture or other financing arrangement of SRP. In addition, if either XXX or SRP pledges any of its Facilities, Rights of Way or Building Entrances to a creditor under any mortgage, bond, indenture or other financing arrangement, such pledging party shall use its reasonable efforts to provide to the non-pledging party written agreements in favor of the non-pledging party from such creditor to the effect that: (1) the non-pledging party shall not be named or joined in any proceeding to enforce any such mortgage, bond, indenture or other financing arrangement unless such joining is required by law in order to perfect the proceeding; (2) enforcement of any such mortgage, bond, indenture or other financing arrangement shall not terminate this Agreement nor disturb or interfere with the non-pledging party's use of the System (except in the case where the non-defaulting party is in default beyond the period, if any, provided in this Agreement to cure such default); (3) any party succeeding to the interests of the pledging party as a result of the enforcement of any such mortgage, bond, indenture or other financing arrangement shall be bound to the non-pledging party, and the non-pledging party shall be bound to such successor, under all the terms, covenants and conditions of this Agreement, for the balance of the Term, including any extensions thereof (if exercised by the non-pledging party), with the same force and effect as if such successor were an original signatory to this Agreement; and (4) whenever any provision of such mortgage, bond, indenture or other financing arrangement is in conflict with or purports to limit the rights or increase the obligations of the non-pledging party under this Agreement, the provisions of this Agreement shall control.
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Facilities as Collateral. Neither PG&E nor CUSTOMER shall pledge or encumber any of its interests in the System in any manner that impairs or could impair the other party's use and operation of the System for internal or commercial purposes, provided that the lien of PG&E's First and Refunding Mortgage shall not be deemed to impair the use and operation of the System.
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Facilities as Collateral. Neither PG&E nor IPN shall pledge or encumber any of its interests in the System in any manner that impairs or could impair the use and operation of the System for internal or commercial purposes, provided that the lien of PG&E’s First and Refunding Mortgage shall not be deemed to impair the use and operation of the System.
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Facilities as Collateral. Neither FOCAS nor XXX shall create or permit a pledge or encumbrance of any of its interests in the System which in any manner impairs or could impair the use and operation of the System for internal or commercial telecommunications purposes.
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Facilities as Collateral. Neither PG&E nor XXX shall pledge ------------------------ or encumber any of its interests in the System in any manner that impairs or could impair the use and operation of the System for internal or commercial telecommunications purposes.
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Facilities as Collateral. Neither FOCAS nor ELI shall create or permit a xxxdge or encumbrance of any of its interests in the System which in any manner impairs or could impair the use and operation of the System for internal or commercial telecommunications purposes.
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Related to Facilities as Collateral

  • Facilities and Equipment Except as set forth herein, Consultant shall, at its sole cost and expense, provide all facilities and equipment that may be necessary to perform the services required by this Agreement. City shall make available to Consultant only the facilities and equipment listed in this section, and only under the terms and conditions set forth herein. City shall furnish physical facilities such as desks, filing cabinets, and conference space, as may be reasonably necessary for Consultant’s use while consulting with City employees and reviewing records and the information in possession of the City. The location, quantity, and time of furnishing those facilities shall be in the sole discretion of City. In no event shall City be obligated to furnish any facility that may involve incurring any direct expense, including but not limited to computer, cellular telephone, long-distance telephone, or other communication charges, vehicles, and reproduction facilities. If the performance of the work specified in Exhibit A requires destructive testing or other work within the City’s public right-of-way, Consultant, or Consultant’s subconsultant, shall obtain an encroachment permit from the City.

  • Management of the Collateral Each Grantor further agrees, that, during the continuance of any Event of Default, (i) at the Collateral Agent’s request, it shall assemble the Collateral and make it available to the Collateral Agent at places that the Collateral Agent shall reasonably select, whether at such Grantor’s premises or elsewhere, (ii) without limiting the foregoing, the Collateral Agent also has the right to require that such Grantor store and keep any Collateral pending further action by the Collateral Agent and, while any such Collateral is so stored or kept, provide such guards and maintenance services as shall be necessary to protect the same and to preserve and maintain such Collateral in good condition, normal wear and tear excepted, (iii) until the Collateral Agent is able to sell, assign, license out, convey or transfer any Collateral, the Collateral Agent shall have the right to hold or use such Collateral to the extent that it deems appropriate for the purpose of preserving the Collateral or its value or for any other purpose deemed appropriate by the Collateral Agent and (iv) the Collateral Agent may, if it so elects, seek the appointment of a receiver or keeper to take possession of any Collateral and to enforce any of the Collateral Agent’s or any Lender’s remedies, with respect to such appointment without prior notice or hearing as to such appointment. The Collateral Agent shall not have any obligation to any Grantor to maintain or preserve the rights of any Grantor as against other Persons with respect to any Collateral while such Collateral is in the possession of the Collateral Agent.

  • Removal of the Collateral Except in the ordinary course of Grantor's business, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

  • Location of the Collateral Except in the ordinary course of Grantor's business, Grantor agrees to keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts or general intangibles, the records concerning the Collateral) at Grantor's address shown above or at such other locations as are acceptable to Lender. Upon Lender's request, Grantor will deliver to Lender in form satisfactory to Lender a schedule of real properties and Collateral locations relating to Grantor's operations, including without limitation the following: (1) all real property Grantor owns or is purchasing; (2) all real property Grantor is renting or leasing; (3) all storage facilities Grantor owns, rents, leases, or uses; and (4) all other properties where Collateral is or may be located.

  • Possessory Collateral Immediately upon Borrower’s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities, Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower’s attorney and agent-in-fact, to endorse or assign the same on Borrower’s behalf.

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

  • Specific Collateral None of the Collateral is or is proceeds or products of farm products, as-extracted collateral, health-care-insurance receivables or timber to be cut.

  • 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.

  • Title to Collateral; Perfection; Permitted Liens (a) Borrower is now, and will at all times in the future be, the sole owner of all the Collateral, except for items of Equipment which are leased to Borrower. The Collateral now is and will remain free and clear of any and all liens, charges, security interests, encumbrances and adverse claims, except for Permitted Liens. Silicon now has, and will continue to have, a first-priority perfected and enforceable security interest in all of the Collateral, subject only to the Permitted Liens, and Borrower will at all times defend Silicon and the Collateral against all claims of others.

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