Common use of Use of Loan Security Clause in Contracts

Use of Loan Security. Until there shall have occurred an Event of Default or so long as you do not request otherwise in order to perfect your security interest in the Loan Security pursuant to Section 6.4 hereof, the Company may use, commingle and dispose of all or part of the Loan Security described in Section 6 hereof and the proceeds thereof in the ordinary course of its business, all subject to the provisions of Section 7.12 hereof.

Appears in 4 contracts

Samples: Credit Agreement (Enstar Income Program Iv-1 Lp), Credit Agreement (Enstar Income Growth Program Six B L P), Credit Agreement (Enstar Income Program Iv-2 Lp)

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Use of Loan Security. Until there shall have occurred an Event of Default or so long as you do not request otherwise in order to perfect your security interest in the Loan Security pursuant to Section 6.4 hereof, the Company may use, commingle and dispose of all or part of the Loan Security described in Section 6 hereof and the proceeds thereof in the ordinary course of its business, all subject to the provisions of Section 7.12 7.1.2 hereof.

Appears in 1 contract

Samples: Credit Agreement (Enstar Income Program 1984-1 Lp)

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