Holding of Collateral. (A) Each Obligor shall hold any Collateral in its possession in such manner as reasonably identifies the security interest of the Bank and as the Bank shall further direct.
Holding of Collateral. Each applicable Grantor is, and as to Collateral acquired by it from time to time after the date hereof such Grantor will be, the holder or a co-holder, of all such Collateral free from any Lien except for (1) the Lien and security interest created by the Collateral Documents and (2) Permitted Liens.
Holding of Collateral. The Collateral Agent agrees to hold all Collateral hereafter delivered to it pursuant to the Security Agreement, for itself and for the benefit of the Purchasers, on and subject to the terms and conditions set forth in the Security Agreement and in this Agreement.
Holding of Collateral. In reliance upon, and subject to, the provisions of the Section 8, the Collateral Agent will hold the security interests granted to it and the Lenders in the Collateral under each Collateral Document on behalf of and for the ratable benefit of the Lenders on the terms and conditions set forth in this Agreement.
Holding of Collateral. The Collateral Agent, for the benefit and on behalf of the Secured Parties, acknowledges the Grant of the security interests under this Agreement in accordance with the provisions of this Agreement. The Collateral in the form of Securities, Security Entitlements, Instruments and Money shall be held by the Accountholder for the Collateral Agent for the benefit and on behalf of the Secured Parties pursuant to the Account Control Agreement and the Accountholder shall comply with any instruction given by the Collateral Agent. If so directed in writing by the Issuer, the Collateral Agent shall, and in any event shall cause the Accountholder to, hold, and perfect the security interest in, the Collateral. Except as provided herein, no Collateral may be withdrawn from the Accounts.
Holding of Collateral. The Borrower is, and as to Collateral acquired by it from time to time after the date hereof the Borrower will be, the holder or a co-holder, of all such Collateral free from any Lien except for (1) the Lien and security interest created by the Collateral Documents and (2) Permitted Liens.
Holding of Collateral. 3.1 Securities provided as collateral will not be registered in your own name but will be registered, while held by us, in the name of our nominee company or custodian in accordance with FCA rules. We will exercise reasonable prudence in the selection of such persons but, in the absence of negligence, fraud or wilful default, we do not accept responsibility for the default of any such nominee company or custodian (other than where such nominee company or custodian is an associate of theirs).
Holding of Collateral. The Collateral shall be held by the Bank as collateral for the payment and performance of the obligations of the Company under the Letters of Credit (including the related Applications) and this Agreement. Subject to the terms of this Agreement, property held in or credited to the Account may be (i) applied by the Bank against Drawings made under the Letters of Credit, payment of Reimbursement Obligations or any other due and unpaid Obligations of the Company hereunder, and (ii) to the extent not so applied, held for the satisfaction or reimbursement of any demand under the Letters of Credit, until such time as the Bank agrees to release its security interest in the Collateral in its sole discretion. The Bank hereby agrees to release its security interest in the Collateral upon the expiration of a Letter of Credit, in an amount equal to the Stated Amount of such Letter of Credit, and the Bank shall thereupon return the Collateral securing such Letter of Credit to the Company, but only to the extent there is no outstanding Drawing or other demand under or in connection with or however purporting to be under or in connection with such Letter of Credit. The Company may withdraw any amount from the Account at any time and from time to time; provided that in no event, including after giving effect to any such withdrawal by the Company, shall the aggregate amount of the Collateral be less than 101% of the aggregate undrawn Stated Amount of the Letters of Credit outstanding at any time.
Holding of Collateral. Prior to the occurrence of any Event of Default, all Collateral shall be held by the Bank in the name of the Company endorsed or signed in blank or in favor of the Bank. After the occurrence of any Event of Default, any or all of the Collateral may be registered in the name of the Bank or any nominee of the Bank. The Bank may deliver any of the Collateral to the issuers thereof for the purpose of making denominational exchanges or registrations or transfers or for such other purpose in furtherance and pursuant to the provisions of this Agreement as the Bank may deem advisable. The Company will deliver promptly (but not later than three Banking Days after receipt of a written request from the Bank) to the Bank such other documents and certificates as the Bank may reasonably request in connection with subjecting any Collateral and Collateral Proceeds to the Lien of this Agreement.
Holding of Collateral. Pledgee shall hold the Collateral as security for the Secured Obligations and other obligations of Pledgee under the Loan Agreement and the Note, and shall not at any time dispose of any of the Collateral or further encumber the same except as is herein otherwise provided. Except for treatment of the Collateral in its possession in a manner substantially equivalent to that which the Pledgee, in its individual capacity, accords its own property of a similar nature, and the account for moneys actually received by it hereunder, the Pledgee shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to the Collateral. The Pledgee shall not be liable to the Pledgor for any loss or damage sustained by it, or for any loss, damage, depreciation or other diminution in the value of any of the Collateral that may occur as a result of or in connection with or that is in any way related to any exercise by the Pledgee of any right or remedy under this Agreement or any other act or failure to act on the part of the Pledgee, except to the extent that the same is caused by its own gross negligence or willful misconduct.
