Pledge and Assignment. In addition to, and consistent with, the provisions of Section 2.3 hereof, the Grantor pledges, assigns to the Custodian, and grants a continuing security interest in, all of the Grantor’s right, title and interest in and to the following collateral (collectively, the “Collateral”) to the Custodian for the benefit of ▇▇▇▇▇▇ Mae: (i) the Initial Deposit and all future Deposits made pursuant to the Master Agreement and this Cash Collateral Agreement; (ii) the Cash Collateral Account, and all funds held therein including all certificates and instruments, if any, from time to time representing, evidencing or otherwise relating to the Cash Collateral Account; (iii) all investments made from time to time with funds held in the Cash Collateral Account and all certificates and instruments, if any, from time to time representing or evidencing such investments; (iv) all present and future securities, investment securities, notes, certificates of deposit, treasury obligations, investment agreements, guaranteed investment contracts, negotiable instruments, general intangibles, cash, bank deposit accounts, checks and other instruments from time to time hereafter resulting from the investment and/or reinvestment of Collateral pursuant to Section 4 of this Cash Collateral Agreement; and (v) all cash and non-cash proceeds of any of the foregoing, including, without limitation, interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed or distributable in respect of or in exchange for any or all of the other Collateral.
Appears in 1 contract
Sources: Master Credit Facility Agreement (Camden Property Trust)
Pledge and Assignment. In addition to, and consistent with, the provisions of Section 2.3 hereof, the Grantor pledges, assigns to the Custodian▇▇▇▇▇▇ ▇▇▇, and grants a continuing security interest in, all of the Grantor’s right, title and interest in and to the following collateral (collectively, the “Collateral”) to the Custodian for the benefit of ▇▇▇▇▇▇ Mae:
(i) the Initial Deposit and all future Deposits made pursuant to the Master Agreement and this Cash Collateral Agreement;
(ii) the Cash Collateral Account, and all funds held therein including all certificates and instruments, if any, from time to time representing, evidencing or otherwise relating to the Cash Collateral Account;
(iii) all investments made from time to time with funds held in the Cash Collateral Account and all certificates and instruments, if any, from time to time representing or evidencing such investments;
(iv) all present and future securities, investment securities, notes, certificates of deposit, treasury obligations, investment agreements, guaranteed investment contracts, negotiable instruments, general intangibles, cash, bank deposit accounts, checks and other instruments from time to time hereafter resulting from the investment and/or reinvestment of Collateral pursuant to Section 4 of this Cash Collateral Agreement; and
(v) all cash and non-cash proceeds of any of the foregoing, including, without limitation, interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed or distributable in respect of or in exchange for any or all of the other Collateral.
Appears in 1 contract
Sources: Master Credit Facility Agreement (Camden Property Trust)
Pledge and Assignment. In addition to, and consistent with, the provisions of Section 2.3 hereof, the Grantor The Issuer hereby irrevocably pledges, --------------------- assigns and sets over to the CustodianTrustee, and grants to the Trustee, for the benefit of the holders of the Securities on the terms and conditions set forth in this Agreement, a first priority continuing security interest in, in all of the Grantor’s rightfollowing, title and interest in and to the following collateral whether now owned or hereafter acquired or created (collectively, the “"Collateral”) to the Custodian for the benefit of ▇▇▇▇▇▇ Mae:"):
(ia) the Initial Deposit and all future Deposits made pursuant to the Master Agreement and this Cash Collateral AgreementRestricted Account;
(iib) all funds from time to time held in the Cash Collateral Restricted Account, including, without limitation, the Restricted Proceeds and all funds held therein including all certificates and instruments, if any, from time to time representingtime, representing or evidencing or otherwise relating to the Cash Collateral Restricted Account;
(iiic) all investments made from time to time with funds Permitted Restricted Proceeds Investments (as defined in Section 2.1) held by or registered, in the Cash Collateral Account name of the Trustee or any of its nominees pursuant to Article 2 or Article 3 hereof and all certificates and instruments, if any, from time to time representing or evidencing such investmentsthe Permitted Restricted Proceeds Investments;
(ivd) all present and future securities, investment securities, notes, certificates of deposit, treasury obligations, investment agreements, guaranteed investment contracts, negotiable instruments, general intangibles, cash, bank deposit accounts, checks and other instruments from time to time hereafter resulting from delivered to or otherwise possessed by the investment and/or reinvestment Trustee for or on behalf of Collateral pursuant the Issuer in substitution for or in addition to Section 4 any or all of this Cash Collateral Agreement; andthe then existing Collateral;
(ve) all cash and non-cash proceeds of any of the foregoing, including, without limitation, interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed or distributable in respect of or in exchange for any or all of the other then existing Collateral; and
(f) all proceeds of the foregoing including, without limitation, cash.
Appears in 1 contract
Sources: Pledge Agreement (SFW Holding Corp)