Common use of Other Rights With Respect to Pledged Collateral Clause in Contracts

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral Trustee, at its option and at the expense of the Pledgors, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee or any Secured Party, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee in its sole discretion shall determine; and (d) do anything which any Pledgor is required but fails to do hereunder.

Appears in 5 contracts

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

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Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Agent hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral TrusteeAgent, at its option and at the expense of the Pledgors, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Senior Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee Agent or any Secured PartyAffiliate of the Collateral Agent, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee Agent in its sole discretion discretion, subject to the Intercreditor Agreement, shall determine; and (d) do anything which any Pledgor is required but fails to do hereunder.

Appears in 3 contracts

Samples: Pledge Agreement, Credit Agreement (Advanced Drainage Systems, Inc.), Pledge Agreement (Advanced Drainage Systems, Inc.)

Other Rights With Respect to Pledged Collateral. (a) In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Secured Party hereunder, at any time and from time to time, after and during the continuation of an Event of Defaultany default under the Note, the Collateral TrusteeSecured Party, at its option and at the expense of the PledgorsPledgor, may (a) transfer into its own name, the name of the Secured Party or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends dividends, distributions and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee or any Secured Party, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee Secured Party in its sole discretion shall determine; and (d) do anything which any Pledgor is required but fails to do hereunder.

Appears in 2 contracts

Samples: Stock Pledge Agreement (BPK Resources Inc), Stock Pledge Agreement (BPK Resources Inc)

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Secured Party hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral TrusteeSecured Party, at its option and at the expense of the Pledgors, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee Secured Party or any Affiliate of the Secured Party, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee Secured Party in its sole discretion shall determine; and (d) do anything which any Pledgor is required but fails to do hereunder. The Secured Party shall endeavor to provide the Borrower with notice at or about the time of the exercise of its rights pursuant to the preceding sentence, provided that the failure to provide such notice shall not in any way compromise or adversely affect the exercise of any rights or remedies hereunder.

Appears in 2 contracts

Samples: Pledge Agreement (Hovnanian Enterprises Inc), Credit Agreement (Hovnanian Enterprises Inc)

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Secured Party hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral TrusteeSecured Party, at its option and at the expense of the Pledgors, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether or not any be payments are then due and payable or notpayable, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee Secured Party or any Affiliate of the Secured Party, on deposit or otherwise, belonging to any PledgorPledgors, as the Collateral Trustee Secured Party, in its sole discretion discretion, shall determine; and (d) do anything which any Pledgor is required but fails to do hereunder.

Appears in 2 contracts

Samples: Pledge Agreement (Interface Security Systems, L.L.C.), Pledge Agreement (Interface Security Systems Holdings Inc)

Other Rights With Respect to Pledged Collateral. (a) In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Secured Party hereunder, at any time and from time to time, after and during the continuation of an Event of Defaultany default under the Note, the Collateral TrusteeSecured Party, at its option and at the expense of the PledgorsPledgor, may (a) transfer into its own name, the name of the Secured Party or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends dividends, distributions and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee or any Secured Party, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee Secured Party in its sole discretion shall determine; and (d) do anything which any that Pledgor is required but fails to do hereunder.

Appears in 2 contracts

Samples: Interest Pledge Agreement (Touchstone Resources Usa, Inc.), Interest Pledge Agreement (Endeavour International Corp)

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Administrative Agent hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral TrusteeAdministrative Agent, at its option and at the expense of the Pledgors, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, and thereafter receiving the Administrative Agent may exercise all dividends, income voting or other distributions control rights with respect to the Pledged Collateral and receive all dividends or other distributors upon the Pledged Collateral, but no such transfer shall constitute a taking of such Collateral in satisfaction of any or all of the Secured Obligations unless the Administrative Agent expressly so indicates by written notice to the Pledgors; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee Administrative Agent, any of its Affiliates or any other Secured Party, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee Administrative Agent in its sole discretion shall determine; and (d) do anything which any Pledgor is required but fails to do hereunder.

Appears in 1 contract

Samples: Credit Agreement (Gp Strategies Corp)

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral Trustee, at its option and at the expense of the Pledgors, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral, including without limitation, by exercising any and all voting rights related to such Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee or any Secured Party, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee in its sole discretion shall determine; and (d) do anything which any Pledgor is required but fails to do hereunder.

Appears in 1 contract

Samples: Pledge Agreement (CNX Gas Corp)

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Administrative Agent hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral TrusteeAdministrative Agent, at its option and at the expense of the Pledgors, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee Administrative Agent or provider of Lender Provided Hedge or any Secured PartyOther Lender Provided Financial Service Products, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee Administrative Agent in its sole discretion shall determine; and (d) do anything which any Pledgor is required but fails to do hereunder.

Appears in 1 contract

Samples: Credit Agreement (O'Gara Group, Inc.)

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Agent hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral TrusteeAgent, at its option and at the expense of the Pledgors, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee Agent, any Secured Party, or any Affiliate of the Collateral Agent or any Secured Party, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee Agent in its sole discretion shall determine; and (d) do anything which any Pledgor is required to do but fails to do hereunder.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Koppers Holdings Inc.)

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Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Agent hereunder, at any time and from time to time, after and during the continuation of an Event of DefaultDe- fault, the Collateral TrusteeAgent, at its option and at the expense of the Pledgors, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee Agent or any other Secured Party, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee Agent in its sole discretion shall determine; and (d) do anything any- thing which any Pledgor is required but fails to do hereunder.

Appears in 1 contract

Samples: Credit Agreement (Handy & Harman Ltd.)

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Agent hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral TrusteeAgent, at its option and at the expense of the Pledgors, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Senior Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee Agent or any Secured PartyAffiliate of the Collateral Agent, on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee Agent in its sole discretion discretion, subject to the Intercreditor Agreement. shall determine; and (d) do anything which any Pledgor is required but fails to do hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Advanced Drainage Systems, Inc.)

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral Trustee, at its option and at the expense of the Pledgors, may may, subject to the provisions set forth in the Intercreditor Agreement: (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Note Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee (or any Secured Partya bailee therefor), on deposit or otherwise, belonging to any Pledgor, as the Collateral Trustee Trustee, in its sole discretion discretion, shall determine; and (d) do anything take any action related to the protection of the Pledged Collateral which any such Pledgor is required but fails to do hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Integrated Alarm Services Group Inc)

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Agent, for the benefit of the Secured Parties, hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral TrusteeAgent, at its option and at the expense of the PledgorsBorrower, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee Agent or any Secured PartyAffiliate of the Collateral Agent, on deposit or otherwise, belonging to any PledgorBorrower, as the Collateral Trustee Agent, in its sole discretion discretion, shall determine; and (d) do anything which any Pledgor Borrower is required but fails to do hereunder.

Appears in 1 contract

Samples: Stock Pledge Agreement (Kroll O Gara Co)

Other Rights With Respect to Pledged Collateral. In addition to the other rights with respect to the Pledged Collateral granted to the Collateral Trustee Lender hereunder, at any time and from time to time, after and during the continuation of an Event of Default, the Collateral TrusteeLender, at its option and at the expense of the PledgorsPledgor, may (a) transfer into its own name, or into the name of its nominee, all or any part of the Pledged Collateral, thereafter receiving all dividends, income or other distributions upon the Pledged Collateral; (b) take control of and manage all or any of the Pledged Collateral; (c) apply to the payment of any of the Secured Obligations, whether any be due and payable or not, any moneys, including cash dividends and income from any Pledged Collateral, now or hereafter in the hands of the Collateral Trustee or any Secured PartyLender, on deposit or otherwise, belonging to any the Pledgor, as the Collateral Trustee Lender in its sole discretion shall determine; and (d) do anything which any the Pledgor is required but fails to do hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Energy Inc.)

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