Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the total amount owed by the Borrower pursuant to the Loan Documents, in satisfaction of the Obligations, whenever the circumstances are such that Lender is entitled and elects to do so under applicable law.
Appears in 3 contracts
Sources: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc), Loan Agreement (Cr Resorts Capital S De R L De C V)
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the total amount owed by the Borrower pursuant to the Loan Documents, in satisfaction of the Obligations, whenever the circumstances are such that Lender is entitled and elects to do so under applicable law.
Appears in 3 contracts
Sources: Receivables Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)
Retention of Collateral. At its Lender’s discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the total aggregate amount owed by of the Borrower pursuant to the Loan DocumentsLoans, in satisfaction of the Obligations, whenever the circumstances are such that Lender is entitled 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 total amount owed by the Borrower pursuant to the Loan Documents, in satisfaction of the Obligations, whenever the circumstances are such that Lender is entitled and elects to do so under applicable law, subject to the rights of any participating lenders in the certain Applicable Underlying Loans as set forth on Exhibit "D" attached hereto.
Appears in 1 contract
Retention of Collateral. At its discretion, retain such portion ------------------------ of the Collateral as shall aggregate in value to an amount equal to the total amount owed by the Borrower pursuant to the Loan DocumentsIndebtedness, in satisfaction of the ObligationsIndebtedness, whenever the circumstances are such that Lender is entitled and elects to do so under the applicable law.
Appears in 1 contract
Retention of Collateral. At its discretion, retain such portion of the Collateral as shall aggregate in value to an amount equal to the total aggregate amount owed by of the Borrower pursuant to the Loan DocumentsLoans, in satisfaction of the Obligations, whenever the circumstances are such that Lender Agent is entitled on behalf of Lenders and elects to do so under applicable lawApplicable 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 total amount owed by the Borrower pursuant to the Loan Documents, in satisfaction of the Obligations, whenever when ever the circumstances are such that Lender is entitled and elects to do so under applicable law.
Appears in 1 contract
Retention of Collateral. At its discretion, retain such portion ----------------------- of the Collateral as shall aggregate in value to an amount equal to the total amount owed by the Borrower pursuant to the Loan Documents, in satisfaction of the Obligations, whenever the circumstances are such that Lender is entitled and elects to do so under applicable lawApplicable Law.
Appears in 1 contract