Common use of Securities and Deposits Clause in Contracts

Securities and Deposits. The Agent may at any time, at its option, ----------------------- transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Agent may demand, ▇▇▇ for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower may at any time be applied to or set off against any of the Obligations.

Appears in 3 contracts

Sources: Revolving Credit and Acquisition Loan Agreement (Jackson Products Inc), Security Agreement (Jackson Products Inc), Security Agreement (National Restaurant Enterprises Holdings Inc)

Securities and Deposits. The Agent may at any time, at its option, ----------------------- transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Agent may demand, ▇▇▇ for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to any of the Borrower Subsidiaries may at any time be applied to or set off against any of the Obligations.

Appears in 2 contracts

Sources: Revolving Credit and Acquisition Loan Agreement (Jackson Products Inc), Security Agreement (Jackson Products Inc)

Securities and Deposits. The Agent may at any timetime during an Event of Default, at its option, ----------------------- transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the The Agent may at any time during an Event of Default, demand, ▇▇▇ for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower any Company may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Sources: Security Agreement (Rti Capital Corp)

Securities and Deposits. The Agent may at any time, at its option, ----------------------- transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Agent may demand, at any time sue ▇▇▇ for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to any of the Borrower Borrowers may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Sources: Security Agreement (Nationsrent Inc)

Securities and Deposits. The Agent may at any time, at its option, ----------------------- transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Agent may demand, sue ▇▇▇ for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank Lender to any of the Borrower Companies may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Sources: Security Agreement (Transtechnology Corp)

Securities and Deposits. The Agent may at any time, at its option, ----------------------- transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Agent may demand, ▇▇▇ sue for, collect, or make any mak▇ ▇ny settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower Company may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Sources: Security Agreement (National Auto Finance Co Inc)

Securities and Deposits. The Agent may at any time, at its option, ----------------------- transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Agent may demand, ▇▇▇ for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower AmeriKing may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Sources: Security Agreement (National Restaurant Enterprises Holdings Inc)

Securities and Deposits. The Agent may at any time, at its option, ----------------------- transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Agent may demand, ▇▇▇ for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower Company may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Sources: Security Agreement (CMG Information Services Inc)

Securities and Deposits. The Agent may at any time, at its option, ----------------------- transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Agent may demand, ▇▇▇ for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Agent or any Bank to the Borrower Holdings may at any time be applied to or set off against any of the Obligations.

Appears in 1 contract

Sources: Security Agreement (National Restaurant Enterprises Holdings Inc)