Common use of Possession of the Collateral Clause in Contracts

Possession of the Collateral. Until the occurrence of a Collateral Event of Default, the Issuer shall, and shall cause each of the Grantor Subsidiaries to, possess, manage, operate and enjoy, as applicable, the Collateral in accordance with the terms hereof and of the Master Collateral and Intercreditor Agreement and the Collateral Documents.

Appears in 2 contracts

Sources: Indenture (Vitro Sa De Cv), Indenture (Vitro Sa De Cv)