Common use of Possession of the Collateral Clause in Contracts

Possession of the Collateral. Subject to the terms and conditions of this Indenture and the Collateral Documents, the Company and the Restricted Subsidiaries shall be entitled, unless an Event of Default has occurred and is continuing and the Collateral and Intercreditor Agent has given contrary instructions pursuant to the terms of the Collateral Documents, to receive all cash dividends, interest and other payments made upon or in respect of the Collateral, and to exercise any rights (including voting rights) in respect thereof and generally to remain in possession of and to retain exclusive control over the Collateral, to freely operate the Collateral, to replace machinery and equipment and to sell or otherwise dispose of Collateral, including cash constituting Collateral, to make any filings or submit any claims, to pay dividends, to make investments and loans and to collect, invest and dispose of any income in respect of any Collateral, in each case in the ordinary course of business.

Appears in 4 contracts

Samples: Indenture (Inmobiliaria Montes Urales 460 S a De C V), Indenture (Iusacell S a De C V), Indenture (Mexican Cellular Investments Inc)

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Possession of the Collateral. Subject to the terms and conditions of this Indenture and the Collateral Documents, the Company and the Restricted Subsidiaries shall be entitled, unless an Event of Default has occurred and is continuing and the Collateral and Intercreditor Agent has given contrary instructions pursuant to the terms of the Collateral Documents, to receive all cash dividends, interest and other payments made upon or in respect of the Collateral, and to exercise any rights (including voting rights) in respect thereof and generally to remain in possession of and to retain exclusive control over the Collateral, to freely operate the Collateral, to replace machinery and equipment and to sell or otherwise dispose of Collateral, including cash constituting Collateral, to make any filings or submit any claims, to pay dividends, to make investments and loans and to collect, invest and dispose of any income in respect of any Collateral, in each case in the ordinary course of business.

Appears in 1 contract

Samples: Indenture (Mexican Cellular Holding, Inc.)

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