Common use of Access to Collateral Clause in Contracts

Access to Collateral. Notwithstanding anything in this Agreement to the contrary, so long as no Event of Default shall have occurred and be continuing, the Company may, subject to the provisions of the S&O Agreement, use, convey, sell, lease, assign, transfer or otherwise dispose of, commingle or blend all or any part of any of the Collateral.

Appears in 2 contracts

Sources: Pledge and Security Agreement (Vertex Energy Inc.), Pledge and Security Agreement (Vertex Energy Inc.)