Retention of Collateral. The Agent may, after providing the notices required by Section 9-505(2) of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 12 contracts
Sources: Security Agreement (Simcala Inc), Security Agreement (Moll Industries Inc), Credit Agreement (Delta Woodside Industries Inc /Sc/)
Retention of Collateral. The In addition to the rights and remedies hereunder, the Collateral Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 7 contracts
Sources: Pledge Agreement (Huron Consulting Group Inc.), Pledge Agreement (Huron Consulting Group Inc.), Pledge Agreement
Retention of Collateral. The In addition to the rights and remedies hereunder, the Collateral Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 4 contracts
Sources: Indenture (StoneX Group Inc.), Security and Pledge Agreement (StoneX Group Inc.), Indenture (Intl Fcstone Inc.)
Retention of Collateral. The Agent may, after providing the notices required by Section 9-505(2) 620 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in full or partial satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 4 contracts
Sources: Senior Secured Working Capital Credit Facility (Transmontaigne Inc), Security Agreement (Unifi Inc), Senior Secured Credit Facility (TransMontaigne Partners L.P.)
Retention of Collateral. The Upon the occurrence and during the continuance of an Event of Default, the Agent may, after providing the notices required by Section 9-505(2) of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 3 contracts
Sources: Security Agreement (Sterile Recoveries Inc), Security Agreement (M & M Properties Inc), Security Agreement (MST Enterprises Inc)
Retention of Collateral. The In addition to the rights and remedies hereunder, the Collateral Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 3 contracts
Sources: Credit Agreement (Advanced Emissions Solutions, Inc.), Pledge and Security Agreement (FutureFuel Corp.), Credit Agreement (Advanced Emissions Solutions, Inc.)
Retention of Collateral. The Agent mayWith respect to retention of collateral by the Agent, after providing the notices required by Section Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligationsshall apply. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 3 contracts
Sources: Loan and Security Agreement (Guardian Pharmacy Services, Inc.), Loan and Security Agreement (Guardian Pharmacy Services, Inc.), Loan and Security Agreement (Guardian Pharmacy Services, Inc.)
Retention of Collateral. The Agent may, after providing the notices required by Section 9-505(2) 620 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 3 contracts
Sources: Credit Agreement (Nationsrent Companies Inc), Security Agreement (Nationsrent Companies Inc), Credit Agreement (Wolverine Tube Inc)
Retention of Collateral. The Agent may, after providing the notices required by Section Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 3 contracts
Sources: Guaranty and Security Agreement (Infocrossing Inc), Guaranty and Security Agreement (Infocrossing Inc), Guaranty and Security Agreement (Infocrossing Inc)
Retention of Collateral. The In addition to the rights and remedies hereunder, the Collateral Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Applicable Law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 2 contracts
Sources: Pledge and Security Agreement (Viemed Healthcare, Inc.), Pledge and Security Agreement (FutureFuel Corp.)
Retention of Collateral. The Collateral Agent may, after providing the notices required by Section 9-505(2) 621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Collateral Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 2 contracts
Sources: Security Agreement (Usc May Verpackungen Holding Inc), Security Agreement (Usc May Verpackungen Holding Inc)
Retention of Collateral. The Collateral Agent may, after providing the notices required by Section Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Collateral Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such noticesnotices in writing, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 2 contracts
Sources: Security Agreement (Friedmans Inc), Security Agreement (Friedmans Inc)
Retention of Collateral. The In addition to the rights and remedies hereunder, the Collateral Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 2 contracts
Sources: Pledge and Security Agreement (Computer Programs & Systems Inc), First Lien Credit Agreement (Trinet Group Inc)
Retention of Collateral. The In addition to the rights and remedies hereunder, the Collateral Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Applicable Laws of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Pledge and Security Agreement (Computer Programs & Systems Inc)
Retention of Collateral. The Upon the occurrence and during the continuance of an Event of Default, the Agent may, after providing the notices required by Section 9-505(2) of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, 163 145 retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. The Collateral Agent may, after providing the notices required by Section 9-505(2) 620 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in full or partial satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Security Agreement (Unifi Inc)
Retention of Collateral. The In addition to the rights and remedies hereunder, the Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. The Collateral Agent may, after providing the notices required by Section 9-505(2) 620 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Collateral Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. The Agent may, after providing the notices required by Section 9-505(2) of the UCC or and otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Security Agreement (Integrated Living Communities Inc)
Retention of Collateral. The Agent may, subject to the Subordination Agreement and after providing the notices required by Section 9-505(2) 620 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in full or partial satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. The Upon the occurrence and during the ----------------------- continuance of an Event of Default, the Agent may, after providing the notices required by Section 9-505(2) of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Security Agreement (National Equipment Services Inc)
Retention of Collateral. The In addition to the rights and remedies hereunder, Collateral Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Agent no Secured Party shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. The In addition to the rights and remedies hereunder, the Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations Obligation for any reason.
Appears in 1 contract
Sources: Security and Pledge Agreement (Pernix Therapeutics Holdings, Inc.)
Retention of Collateral. The In addition to the rights and remedies hereunder, the Collateral Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Applicable Law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Intercreditor Agreement (Babcock & Wilcox Enterprises, Inc.)
Retention of Collateral. The To the extent permitted under applicable law, the Agent may, after providing the notices required by Section 9-505(2620(2) of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. The Collateral Agent mayshall at the direction of the Administrative Agent, after providing the notices required by Section 9-505(2) of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Collateral Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Credit Agreement (Delta Woodside Industries Inc /Sc/)
Retention of Collateral. The In addition to the rights and remedies hereunder, upon the occurrence and during the continuance of an Event of Default, Agent may, after providing the notices required by Section 9-505(2) 620 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession retain all or any portion of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any the Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Equity Pledge Agreement (General Environmental Management, Inc)
Retention of Collateral. The Collateral Agent may, after providing the notices required by complying with Section 9-505(2) of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Collateral Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. The Collateral Agent (for the ratable benefit of the Lenders) may, after providing the notices required by Section Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession accept or retain all or any portion of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. The Agent may, after providing the notices required by Section 9-505(2) of the UCC or and otherwise complying with the requirements of applicable law (including the failure to receive written objection from any person to whom the Agent is required to send such notice) of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent or the Lenders shall have provided such notices, however, the Agent or the Lenders shall not not, except as otherwise provided under law, be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Security Agreement (American Medical Systems Holdings Inc)
Retention of Collateral. The In addition to the rights and remedies hereunder, the Collateral Agent may, after providing the notices required by Section in compliance with Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law Law of the relevant jurisdiction, to the extent the Agent is in possession accept or retain all or any portion of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Collateral Agent shall have provided such notices, however, the Collateral Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Security and Pledge Agreement (Owens & Minor Inc/Va/)
Retention of Collateral. The Agent may, after providing the notices required by complying ----------------------- with Section 9-505(2) of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Retention of Collateral. The Agent may, after providing the notices required by Section 9-505(2) of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.. 14
Appears in 1 contract
Sources: Security Agreement (Steel Heddle International Inc)
Retention of Collateral. The Agent may, after providing the notices required by Section Sections 9-505(2) 620 and 9-621 of the UCC or otherwise complying with the requirements of the applicable law of the relevant jurisdiction, to the extent the Agent is in possession of any of the Collateral, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Agent shall have provided such notices, however, the Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.
Appears in 1 contract
Sources: Security Agreement (CNF Inc)