Common use of Possession of the Collateral Clause in Contracts

Possession of the Collateral. (a) Until the occurrence of an Event of Default, the Company or the relevant Restricted Subsidiary may possess, manage, operate and enjoy, as applicable, the Security Collateral in accordance with the terms of this Indenture, the Securities and the Security Documents.

Appears in 2 contracts

Samples: Indenture (Universal Brixius Inc), Poindexter J B & Co Inc

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Possession of the Collateral. (a) Until the occurrence of an Event of Default, the Company or the relevant Restricted Subsidiary may possess, manage, operate and enjoy, as applicable, the Security Collateral in accordance with the terms of this Indenture, the Securities Notes and the Security Documents.

Appears in 2 contracts

Samples: Indenture (FP Technology, Inc.), AFG Enterprises USA, Inc.

Possession of the Collateral. (a) Until the occurrence of an Event of Default, the Company or the relevant Restricted Subsidiary may possess, manage, operate and enjoy, as applicable, the Security Collateral in accordance with the terms of this Indenture, the Securities Notes, the Guarantees and the Security Documents.

Appears in 2 contracts

Samples: Indenture (Uno of Victor, Inc.), Indenture (Anchor Glass Container Corp /New)

Possession of the Collateral. (a) Until the occurrence of an Event of DefaultDuring any Secured Period, the Company or the relevant Restricted Subsidiary may possess, manage, operate and enjoy, as applicable, enjoy the Security Collateral in accordance with the terms of this Indenture, the Securities Notes, the Guarantees, if any, and the Security DocumentsDocument and the Credit Facilities, if any.

Appears in 1 contract

Samples: Indenture (Dan River Inc /Ga/)

Possession of the Collateral. (a) Until the occurrence of an Event of Default, the Company or the relevant Restricted Subsidiary Note Guarantor may possess, manage, operate and enjoy, as applicable, the Security Collateral in accordance with the terms of this Indenture, the Securities Notes, the Note Guarantees and the Security Documents.

Appears in 1 contract

Samples: Constar International Inc

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Possession of the Collateral. (a) Until the occurrence of an Event of Default, the Company or the relevant Restricted Subsidiary may possess, manage, operate and enjoy, as applicable, the Security Collateral in accordance with the terms of this Indenture, the Securities and the Security Documents.

Appears in 1 contract

Samples: Poindexter J B & Co Inc

Possession of the Collateral. (a) Until Except after the occurrence and during the continuation of an Event of Default, the Company or the relevant Restricted Subsidiary may possess, manage, operate and enjoy, as applicable, the Security Collateral in accordance with the terms of this Indenture, the Securities Notes, the Guarantees and the Security Collateral Documents.

Appears in 1 contract

Samples: Indenture (Abraxas Petroleum Corp)

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