Common use of Grantor’s Rights in Accounts Clause in Contracts

Grantor’s Rights in Accounts. (f) Until the Account Holder receives a notice from the Collateral Trustee certifying that an Event of Default (as defined in the security documents between the Collateral Trustee and the Grantor) has occurred and is continuing and stating that the Collateral Trustee will exercise exclusive control over any Account (a “

Appears in 3 contracts

Samples: Security Agreement (Consol Energy Inc), Security Agreement (Consol Energy Inc), Security Agreement (CNX Gas Corp)

AutoNDA by SimpleDocs

Grantor’s Rights in Accounts. (fa) Until the Account Holder receives a notice from the Collateral Trustee certifying that an Event of Default (as defined in the security documents between the Collateral Trustee and the Grantor) has occurred and is continuing and stating that the Collateral Trustee will exercise exclusive control over any Account (a “

Appears in 2 contracts

Samples: Security Agreement (CONSOL Energy Inc), Collateral Trust Agreement (Consol Energy Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.