Administration of Credit Security Sample Clauses

Administration of Credit Security. The Credit Security shall be administered as follows, and if an Event of Default shall have occurred and be continuing, Section 3.5 shall also apply.
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Administration of Credit Security. The Credit Security shall be administered as follows, and if an Event of Default shall have occurred, Section 10.5 shall also apply.
Sample 1Sample 2Sample 3See All (11)
Administration of Credit Security. 12 3.5. Right to Realize upon Credit Security................................................................ 13 3.6. Custody of Credit Security........................................................................... 16
Sample 1
Administration of Credit Security. 15 6.4.1. Distributions...............................................................15 6.4.2. Voting......................................................................15 6.4.3. Custody of Credit Security..................................................15 6.4.4. Governmental Consents and Approvals.........................................16 6.5. Right to Realize upon Credit Security..................................................16 6.5.1. Marshaling..................................................................16 6.5.2. Sales of Credit Security....................................................17 6.5.3. Sale without Registration...................................................17 6.5.4. Application of Proceeds.....................................................18 6.6.
Sample 1
Administration of Credit Security. The Credit Security shall be administered as follows, and if an Event of Default shall have occurred, Section 2.4 shall also apply. All payments and other receipts on account of the Pledged Securities or any other Credit Security shall be held by the Trustee under the applicable Securitization Agreement pursuant to a Trustee Payment Direction, and shall be paid by the Trustee at least monthly to the Agent for application to the Credit Obligations in accordance with the Trustee Payment Direction. Any sums collected or received and any property recovered or possessed by the Company in connection with any Credit Security shall be received and held by the Company in trust for and on the Lenders' behalf, shall be segregated from the other assets and funds of the Company, and shall be delivered to the Agent for the benefit of the Lenders.
Sample 1
Administration of Credit Security. 3.3.1. Use of Credit Security 3.3.2. Accounts 3.3.3. Distributions on Pledged Securities.
Sample 1
Administration of Credit Security. 12 6.4.1. Distributions . . . . . . . . . . . . . . . . . . . . . 12 6.4.2. Voting . . . . . . . . . . . . . . . . . . . . . . . . 12
Sample 1
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Administration of Credit Security. 13 3.4.1. Use of Credit Security..............................................................13 3.4.2. Deposits............................................................................13
Sample 1

Related to Administration of Credit Security

  • Termination of Credit Facility The Credit Facility shall terminate on the earliest of (a) the third anniversary of the Closing Date (the "Maturity Date"), (b) the date of termination by the Borrower pursuant to Section 2.5(a) and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 10.2(a).

  • Letter of Credit Collateral Account (a) As collateral security for the prompt payment in full when due of all Letter of Credit Liabilities and the other Obligations, the Borrower hereby pledges and grants to the Administrative Agent, for the ratable benefit of the Administrative Agent, the Issuing Bank and the Lenders as provided herein, a security interest in all of its right, title and interest in and to the Letter of Credit Collateral Account and the balances from time to time in the Letter of Credit Collateral Account (including the investments and reinvestments therein provided for below). The balances from time to time in the Letter of Credit Collateral Account shall not constitute payment of any Letter of Credit Liabilities until applied by the Issuing Bank as provided herein. Anything in this Agreement to the contrary notwithstanding, funds held in the Letter of Credit Collateral Account shall be subject to withdrawal only as provided in this Section.

  • Application of credit balances Each Creditor Party may without prior notice:

  • Ratification of Credit Agreement Each Loan Party acknowledges and consents to the terms set forth herein and agrees that this Amendment does not impair, reduce or limit any of its obligations under the Loan Documents, as amended hereby. This Amendment is a Loan Document.

  • MODIFICATION OF CREDIT AGREEMENT The Credit Agreement is hereby amended as follows:

  • Extension of Credit For the purposes hereof, each drawdown, rollover and conversion shall be deemed to be an extension of credit to the Borrower hereunder.

  • Incorporation of Credit Agreement The provisions contained in Sections 11.9 and 11.13 of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety, except with reference to this Amendment rather than the Credit Agreement.

  • Facility LC Collateral Account The Borrower agrees that it will, upon the request of the Agent or the Required Lenders and until the final expiration date of any Facility LC and thereafter as long as any amount is payable to the LC Issuer or the Lenders in respect of any Facility LC, maintain a special collateral account pursuant to arrangements satisfactory to the Agent in its Permitted Discretion (the “Facility LC Collateral Account”) at the Agent’s office at the address specified pursuant to Article XIII, in the name of the Borrower but under the sole dominion and control of the Agent, for the benefit of the Lenders and in which the Borrower shall have no interest other than as set forth in Section 8.1. Nothing in this Section 2.1.2(j) shall either obligate the Agent to require the Borrower to deposit any funds in the Facility LC Collateral Account or limit the right of the Agent to release any funds held in the Facility LC Collateral Account in each case other than as required by Section 8.1. The Borrower hereby pledges, assigns and grants to the Agent, on behalf of and for the ratable benefit of the Lenders and the LC Issuer, a security interest in all of the Borrower’s right, title and interest in and to all funds which may from time to time be on deposit in the Facility LC Collateral Account to secure the prompt and complete payment and performance of the Secured Obligations. The Agent will invest any funds on deposit from time to time in the Facility LC Collateral Account in certificates of deposit of Chase having a maturity not exceeding thirty days.

  • Amount and Nature of Credit (a) Subject to the terms and conditions of this Agreement, the Lenders, during the Commitment Period and to the extent hereinafter provided, shall make Loans to Borrower, participate in Swing Loans made by the Swing Line Lender to Borrower, and issue or participate in Letters of Credit at the request of Borrower, in such aggregate amount as Borrower shall request pursuant to the Commitment; provided, however, that in no event shall the Revolving Credit Exposure be in excess of the Total Commitment Amount.

  • of Credit Agreement Section 1.1(b)(i) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

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