Common use of Possession and Use of Collateral Clause in Contracts

Possession and Use of Collateral. Unless an Event of Default shall have occurred and be continuing, and subject to the terms of this Indenture, the Security Documents and the Collateral Agency Agreement, the Company shall have the right to remain in possession and retain control of the Collateral (other than any cash, securities, obligations and cash equivalents deposited with the Collateral Agent and other than as set forth in the Collateral Agency Agreement or the Security Documents), to operate the Collateral and to collect, invest and dispose any income thereon.

Appears in 4 contracts

Samples: Indenture (Pt Polytama Propindo), Indenture (Pt Polytama Propindo), Indenture (Pt Polytama Propindo)

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Possession and Use of Collateral. Unless an Subject to and in accordance with the provisions of this Indenture and the Collateral Documents, so long as no Default or Event of Default shall have occurred and be continuing, and subject to the terms of this Indenture, the Security Documents and the Collateral Agency Agreement, the Company shall have the right to remain in possession and retain exclusive control of the Collateral (other than any cash, securities, obligations and cash equivalents deposited with the Collateral Agent and other than as set forth in the Collateral Agency Agreement or the Security Documents)Collateral, to operate operate, manage, develop, use and enjoy the Collateral and to collect, receive, use, invest and dispose any of the reversions, remainders, rates, interest, rents, issues, profits, revenues, proceeds and other income thereonthereof (other than Trust Moneys).

Appears in 2 contracts

Samples: Indenture (Doe Run Resources Corp), Wci Steel Inc

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Possession and Use of Collateral. Unless an Event of Default shall have occurred and be continuing, and subject to the terms of this Indenture, the Security Documents continuing and the Collateral Agency AgreementAgent shall have commenced enforcement of remedies under the Security Documents, the Company shall will have the right to remain in possession and retain exclusive control of the Collateral (other than any cash, securities, obligations and cash equivalents deposited with the Collateral Agent and other than as set forth in the Collateral Agency Agreement or the Security Documents)Collateral, to freely operate the Collateral and to collect, invest and dispose of any income thereon.

Appears in 1 contract

Samples: Indenture (MxEnergy Holdings Inc)

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