Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate amount of the Loans, in satisfaction of the Obligations, whenever the circumstances are such that Agent is entitled on behalf of Lenders and elects to do so under applicable law.
Appears in 7 contracts
Sources: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc), Loan Agreement (Silverleaf Resorts Inc)
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate amount of the Loans, in satisfaction of the Obligations, whenever the circumstances are such that Agent Lender is entitled on behalf of Lenders and elects to do so under applicable law.
Appears in 2 contracts
Sources: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate amount of the Loans, in satisfaction of the Obligations, whenever the circumstances are such that Agent is entitled on behalf of the Lenders and elects to do so under applicable law.
Appears in 1 contract
Sources: Loan, Security and Agency Agreement (Silverleaf Resorts Inc)
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate amount of the Loans, in satisfaction of the Obligations, whenever the circumstances are such that Agent Lender is entitled on behalf of Lenders the Lender and elects to do so under applicable law."
Appears in 1 contract
Sources: Loan and Security Agreement (Silverleaf Resorts Inc)
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the aggregate amount of the LoansLoan, in satisfaction of the Obligations, whenever the circumstances are such that Agent Lender is entitled on behalf of Lenders and elects to do so under applicable law.
Appears in 1 contract
Sources: Loan and Security Agreement (Silverleaf Resorts Inc)