Common use of Protection of Collateral Clause in Contracts

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 11 contracts

Samples: Foamex Pledge Agreement (Foamex Capital Corp), Subsidiary Pledge Agreement (Foamex Fibers Inc), Subsidiary Pledge Agreement (Foamex Fibers Inc)

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Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 6 contracts

Samples: Pledge Agreement (Novamed Inc), Pledge Agreement (Novamed Inc), Pledge Agreement (Aristotle Corp)

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) Default and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 4 contracts

Samples: Pledge Agreement (Pioneer Natural Resources Co), Pledge Agreement (Pioneer Natural Resources Co), Pledge Agreement (Pioneer Natural Resources Co)

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the any Pledgor agrees hereunder to perform and which the any Pledgor shall fail to perform after being requested in writing to so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an any Default or Event of Default) ), and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Pledged Collateral or of its the security interest interests therein.

Appears in 2 contracts

Samples: Pledge Agreement (Allbritton Communications Co), Pledge Agreement (Allbritton Communications Co)

Protection of Collateral. The Collateral Agent may from time ------------------------ to time, at its option, and at the expense of the Pledgor, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail fall to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Unwired Telecom Corp), Pledge and Security Agreement (Unwired Telecom Corp)

Protection of Collateral. The Collateral Agent may from time to time, at its option, and at the expense of the Pledgors, perform any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail fall to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 2 contracts

Samples: Stock Pledge and Security Agreement (Sterling Chemical Inc), Stock Pledge and Security Agreement (Sterling Chemical Inc)

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the each Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 2 contracts

Samples: Pledge Agreement (Novamed Inc), Pledge Agreement (Novamed Inc)

Protection of Collateral. The Collateral Agent and/or the Lender may from time to time, at its their option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent and/or the Lender may from time to time take any other action which the Collateral Agent it or they reasonably deems deem necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 2 contracts

Samples: Share Pledge Agreement (Mad Catz Interactive Inc), Share Pledge Agreement (Mad Catz Interactive Inc)

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the Pledgor agrees Pledgors agree hereunder to perform and which the Pledgor Pledgors shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 2 contracts

Samples: Pledge Agreement (Calpine Corp), Pledge Agreement (Symantec Corp)

Protection of Collateral. The Collateral Agent may from time to time, at its optionoption and at the expense of the Pledgors, perform or cause the performance of any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an any Event of Default) ), and the Collateral Agent may from time to time take any other action which that the Collateral Agent reasonably deems necessary or appropriate for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 2 contracts

Samples: Credit Agreement (FirstEnergy Solutions Corp.), Pledge and Security Agreement (FirstEnergy Solutions Corp.)

Protection of Collateral. The Collateral Agent may from time to timetime perform, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) perform, and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 2 contracts

Samples: Limited Recourse Pledge Agreement (Cinedigm Digital Cinema Corp.), Cinema and Administrative Agreement (Cinedigm Digital Cinema Corp.)

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the either Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Intercreditor Agreement (Boston Chicken Inc)

Protection of Collateral. The Collateral Agent may from time to time, at ------------------------ its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Security Agreement (Aristotle Corp)

Protection of Collateral. The Collateral Agent may from time to time, at ------------------------ its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an any Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Security Agreement (Aristotle Corp)

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing to so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Pledge Agreement (Tarrant Apparel Group)

Protection of Collateral. The Collateral Agent may from time to time, ------------------------ at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Credit Agreement (Markwest Hydrocarbon Inc)

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Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing to so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Pledged Collateral or of its the security interest therein.

Appears in 1 contract

Samples: Borrower Stock Pledge Agreement (Connectivity Technologies Inc)

Protection of Collateral. The Collateral Agent may from time to time, ------------------------ at its option, perform any act which the any Pledgor agrees hereunder to perform and which the any Pledgor shall fail to perform after being requested in writing to so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an any Default or Event of Default) ), and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Pledged Collateral or of its the security interest interests therein.

Appears in 1 contract

Samples: Pledge Agreement (Pacific Aerospace & Electronics Inc)

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance effectiveness of an Event a Notice of DefaultAcceleration) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Pledge Agreement (Worthington Industries Inc)

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.. Tor#: 3413825.2

Appears in 1 contract

Samples: Pledge Agreement

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an any Event of Default or Letters of Credit Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Credit Agreement (Genlyte Group Inc)

Protection of Collateral. The Upon the occurrence and continuation of an Event of Default, the Collateral Agent may from time to timetime perform, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) perform, and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Fpic Insurance Group Inc)

Protection of Collateral. The Collateral Agent may from time to time, at its option, perform any act which the Pledgor agrees hereunder to perform and which the Pledgor shall fail to perform after being requested in writing to so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an any Default or Event of Default) ), and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Pledged Collateral or of its the security interest interests therein.

Appears in 1 contract

Samples: Pledge of Membership Interests Agreement (Allbritton Communications Co)

Protection of Collateral. The Collateral Agent may from time to time, at its option, and at the expense of the Pledgors, perform any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Pledge Agreement (Sterling Chemicals Inc)

Protection of Collateral. The Collateral Agent may from time to time, at its optionoption and at the expense of the Pledgors, perform any act which the any Pledgor agrees hereunder to perform and which the such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an any Event of Default) and the Collateral Agent may from time to time take any other action which the Collateral Agent reasonably deems necessary or appropriate for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.

Appears in 1 contract

Samples: Security Agreement (Us Automotive Manufacturing Inc)

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