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Common use of Control of Collateral Clause in Contracts

Control of Collateral. No Person other than Secured Party and, with respect to the Second Lien Security Interest, Second Lien Creditor, has control over any Collateral.

Appears in 3 contracts

Sources: Operated Deposit Account Security Agreement, Operated Deposit Account Security Agreement (Black Elk Energy Finance Corp.), Non Operated Deposit Account Security Agreement (Black Elk Energy Finance Corp.)

Related Clauses

  • Control of Collateral Accounts
  • Removal of Collateral
  • Disposition of Collateral
  • Possession of Collateral
  • Protection of Collateral

Parent Clauses

  • Remedies Upon Default
  • Remedies
  • General Provisions
  • Definitions
  • Creation of Security Interest

Sub-Clauses

  • COMMUNICATIONS
  • RIGHT TO PERFORM OBLIGATIONS
  • FURTHER ASSURANCES
  • HEADINGS
  • SEVERABILITY OF PROVISIONS
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