Proceeds of Pledged Collateral. Cause all Proceeds of the Pledged Collateral to be subject to the control and custody of the Custodian or a sub-custodian of the Custodian in accordance with the Custodial Agreement and the Control Agreement if a Default or Event of Default shall be continuing or would occur as a result of the failure to so cause such control and custody to occur.
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement (Highland Floating Rate Advantage Fund), Credit and Security Agreement (Highland Distressed Opportunities, Inc.), Revolving Credit and Security Agreement (Highland Credit Strategies Fund)
Proceeds of Pledged Collateral. Cause all Proceeds of the Pledged Collateral to be subject to the control and custody of the Custodian or a sub-custodian of the Custodian in accordance with the Custodial Agreement and the Control Agreement if a Default or Event of Default shall be continuing or would occur as a result of the failure to so cause such control and custody to occur.
Appears in 1 contract
Samples: Credit and Security Agreement (First Trust Senior Floating Rate Income Fund Ii)
