Common use of Possession, Use and Release of Collateral Clause in Contracts

Possession, Use and Release of Collateral. Subject to and in accordance with the provisions of this Indenture and the Collateral Documents, so long as the Trustee or Collateral Agent has not exercised rights or remedies with respect to the Collateral in connection with an Event of Default that has occurred and is continuing, the Issuers and the Guarantors shall have the right to remain in possession and retain exclusive control of the Collateral (other than any Trust Monies deposited with the Collateral Agent and other than as set forth in the Collateral Documents), to freely operate, use and consume the Collateral (other than Trust Monies held by the Collateral Agent, other monies and Government Securities deposited pursuant to Article 8 and other than as set forth in the Collateral Documents and this Indenture), to alter or repair any Collateral so long as such alterations and repairs do not impair the Lien of the Collateral Documents thereon, and otherwise comply with Section 10.06 hereof, and to collect, receive, use, invest and dispose of the reversions, remainders, interest, rents, lease payments, issues, profits, revenues, proceeds and other income thereof.