Common use of TO HAVE AND TO HOLD the Clause in Contracts

TO HAVE AND TO HOLD the. Trust Estate unto the Collateral Trustee and its successors in trust under this Agreement and its assigns and the assigns of its successors in trust forever; IN TRUST NEVERTHELESS, under and subject to the terms and conditions set forth herein and in the other Collateral Documents, and for the benefit of the Secured Parties and for the enforcement of the payment of all Secured Debt, and for the performance of and compliance with the covenants and conditions of the Secured Debt Instruments and each of the Collateral Documents; PROVIDED, HOWEVER, that these presents are upon the condition that if all of the conditions set forth in Article VII of this Agreement are satisfied with respect to all of the Collateral, then this Agreement, and the estates and rights assigned in the Collateral Documents, shall cease, terminate and be void; otherwise they shall remain and be in full force and effect. IT IS HEREBY FURTHER COVENANTED AND DECLARED that the Trust Estate is to be held and applied by the Collateral Trustee, subject to the further covenants, conditions and trust hereinafter set forth.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Finova Group Inc), Pledge and Security Agreement (Finova Group Inc)

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TO HAVE AND TO HOLD the. Trust Estate unto the Collateral Trustee and its successors in trust under this Agreement and its assigns and the assigns of its successors in trust forever; IN TRUST NEVERTHELESS, under and subject to the terms and conditions set forth herein and in the other Shared Collateral Documents, and for the benefit of the Secured Parties and for the enforcement of the payment of all Secured Debt, and for the performance of and compliance with the covenants and conditions of the Secured Debt Instruments and each of the Shared Collateral Documents; PROVIDED, HOWEVER, that these presents are upon the condition that if all of the conditions set forth in Article VII of this Agreement are satisfied with respect to all of the Shared Collateral, then this Agreement, and the estates and rights assigned in the Shared Collateral Documents, shall cease, terminate and be void; otherwise they shall remain and be in full force and effect. IT IS HEREBY FURTHER COVENANTED AND DECLARED that the Trust Estate is to be held and applied by the Collateral Trustee, subject to the further covenants, conditions and trust hereinafter set forth.

Appears in 1 contract

Samples: Collateral Trust Agreement (FMC Corp)

TO HAVE AND TO HOLD the. Trust Estate unto the Collateral Trustee Agent and its successors in trust under this Agreement and its assigns and the their assigns of its successors in trust forever; . IN TRUST NEVERTHELESS, NEVERTHELESS under and subject to the terms and conditions set forth herein and to hold its Security Interest in the other Secured Party Designated Collateral Documents, and of each Secured Party for the benefit of the such Secured Parties Party, and for the enforcement of the payment of all such Secured DebtParty's Secured Obligations to the extent provided in the applicable Security Document, and as security for the performance of and compliance with the covenants and conditions of the Secured Debt Instruments and each of the Collateral Documents; this Agreement. PROVIDED, HOWEVER, that these presents are upon the condition that if all each of the conditions set forth in Article VII VIII for the release of any Secured Party Designated Collateral shall be satisfied, then this Agreement are satisfied with respect to all of the such Secured Party Designated Collateral, then this Agreement, and the estates and rights assigned in the Collateral Documentshereby granted, shall cease, terminate determine and be void; otherwise they shall remain and be in full force and effect. IT IS HEREBY FURTHER COVENANTED AND DECLARED that the Trust Estate is to be held and applied by the Collateral TrusteeAgent, subject to the further covenants, conditions and trust trusts hereinafter set forth.

Appears in 1 contract

Samples: Collateral Agency Agreement (Navistar Financial Retail Receivables Corporation)

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TO HAVE AND TO HOLD the. Trust Estate unto the Collateral Trustee and its successors in trust under this Agreement and its assigns and the assigns of its successors in trust forever; . IN TRUST NEVERTHELESS, under and subject to the terms and conditions set forth herein and in the other Collateral Documents, and for the benefit of the Secured Parties and for the enforcement of the payment of all Secured Debt, and for the performance of and compliance with the covenants and conditions of the Secured Debt Instruments and each of the Collateral Documents; . PROVIDED, HOWEVER, that these presents are upon the condition that if all of the conditions set forth in Article VII of this Agreement are satisfied with respect to all of the Collateral, then this Agreement, and the estates and rights assigned in the Collateral Documents, shall cease, terminate and be void; otherwise they shall remain and be in full force and effect. IT IS HEREBY FURTHER COVENANTED AND DECLARED that the Trust Estate is to be held and applied by the Collateral Trustee, subject to the further covenants, conditions and trust hereinafter set forth.

Appears in 1 contract

Samples: Collateral Trust Agreement (Finova Group Inc)

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