Common use of Optional Preservation of Collateral Clause in Contracts

Optional Preservation of Collateral. (a) If an Event of Default shall have occurred and be continuing and an acceleration has occurred, the Trustee shall retain the Collateral, collect and cause the collection of the proceeds thereof and make and apply all payments and deposits and maintain all accounts hereunder in accordance with the provisions of Article X, Article XI,

Appears in 4 contracts

Samples: Indenture (FS Investment Corp III), Indenture (FS Investment Corp II), Indenture (FS Investment CORP)

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Optional Preservation of Collateral. (a) If an Event of Default shall have occurred and be continuing and an acceleration has occurred, the Trustee shall retain the Collateral, collect and cause the collection of the proceeds thereof and make and apply all payments and deposits and maintain all accounts hereunder in accordance with the provisions of Article X, Article XI,, Article XII and Article XIII unless:

Appears in 3 contracts

Samples: Indenture (FS Investment Corp II), Indenture (FS Energy & Power Fund), FS Investment CORP

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