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 Note Guarantor may possess, manage, operate and enjoy, as applicable, the Collateral in accordance with the terms of this Indenture, the Notes, the Note Guarantees and the Security Documents. (b) Notwithstanding the foregoing, all amounts received by the Trustee as proceeds of any part of the Collateral (including Excess Proceeds in the case of an Asset Sale and Excess Loss Proceeds in the case of an Event of Loss) and all amounts of money, securities, letters of credit and other evidences of indebtedness deposited with or held by the Trustee in accordance with this Indenture and any Security Document shall be held by the Trustee as security for the Obligations of the Company and the Note Guarantors, under this Indenture, the Notes, the Note Guarantees and the Security Documents until applied in accordance with the terms of this Indenture.

Possession of the Collateral. (a) Until the occurrence of an Event of Default, the Company or the relevant Note Guarantor Restricted Subsidiary may possess, manage, operate and enjoy, as applicable, the Collateral in accordance with the terms of this Indenture, the Notes, the Note Guarantees and the Security Documents. (b) Notwithstanding the foregoing, all amounts received by the Trustee as proceeds of any part of the Collateral (including Excess Net Cash Proceeds in the case of an Asset Sale and Excess Net Loss Proceeds in the case of an Event of Loss) and all amounts of money, securities, letters of credit and other evidences of indebtedness deposited with or held by the Trustee in accordance with this Indenture and any Security Document shall be held by the Trustee as security for the Obligations of the Company and the Note Guarantors, if any, under this Indenture, the Notes, the Note any Guarantees and the Security Documents until applied in accordance with the terms of this Indenture.

Possession of the Collateral. (a) Until the occurrence of an Event of Default, the Company or the relevant Note Guarantor Restricted Subsidiary may possess, manage, operate and enjoy, as applicable, the Collateral in accordance with the terms of this Indenture, the Notes, the Note Guarantees and the Security Documents. (b) Notwithstanding the foregoing, all amounts received by the Trustee as proceeds of any part of the Collateral (including Excess Net Cash Proceeds in the case of an Asset Sale and Excess Net Loss Proceeds in the case of an Event of Loss) and all amounts of money, securities, letters of credit and other evidences of indebtedness deposited with or held by the Trustee in the Collateral Account in accordance with this Indenture and any Security Document shall (subject to the terms of the Subordination Agreement) be held by the Trustee as security for the Obligations obligations of the Company and the Note Guarantors, Guarantors under this Indenture, the Notes, the Note any Guarantees and the Security Documents until applied in accordance with the terms of this Indenture.

Possession of the Collateral. (a) Until the occurrence of an Event of Default, the Company Issuers or the relevant Note Guarantor Restricted Subsidiary may possess, manage, operate and enjoy, as applicable, the Collateral in accordance with the terms of this Indenture, the Notes, the Note Guarantees and the Security Collateral Documents. (b) Notwithstanding the foregoing, all amounts received by the Trustee as proceeds of any part of the Collateral (including Excess Net Cash Proceeds in the case of an Asset Sale and Excess Net Loss Proceeds in the case of an Event of Loss) and all amounts of money, securities, letters of credit and other evidences of indebtedness deposited with or held by the Trustee in accordance with this Indenture and any Security Document shall be held by the Trustee as security for the Obligations of the Company Issuers and the Note Guarantors, if any, under this Indenture, the Notes, the Note any Guarantees and the Security Collateral Documents until applied in accordance with the terms of this Indenture.