Common use of ADDITIONAL OPTIONAL REQUIREMENTS Clause in Contracts

ADDITIONAL OPTIONAL REQUIREMENTS. The Pledgor agrees that the Bank may at its option at any time, whether or not the Pledgor is in default: (a) Require the Pledgor to deliver to the Bank (i) copies of or extracts from the Books and Records, and (ii) information on any contracts or other matters affecting the Collateral. (b) Examine the Collateral, including the Books and Records, and make copies of or extracts from the Books and Records, and for such purposes enter at any reasonable time upon the property where any Collateral or any Books and Records are located. (c) Require the Pledgor to deliver to the Bank any instruments, chattel paper or letters of credit which are part of the Collateral, and to assign to the Bank the proceeds of any such letters of credit. (d) Notify any account debtors, any buyers of the Collateral, or any other persons of the Bank’s interest in the Collateral.

Appears in 9 contracts

Samples: Security Agreement (Technical Communications Corp), Security Agreement (Saker Aviation Services, Inc.), Security Agreement (Natco Group Inc)

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ADDITIONAL OPTIONAL REQUIREMENTS. The Pledgor agrees that the Bank may at its option at any time, whether or not the Pledgor is in default: (a) Require the Pledgor to deliver to the Bank (i) copies of or extracts from the Books and Records, and (ii) information on any contracts or other matters affecting the Collateral. (b) Examine the Collateral, including the Books and Records, and make copies of or extracts from the Books and Records, and for such purposes enter at any reasonable time upon the property where any Collateral or any Books and Records are located. (c) Require the Pledgor to deliver to the Bank any instruments, chattel paper or letters of credit which are part of the Collateral, and to assign to the Bank the proceeds of any such letters of credit. (d) Notify any account debtors, any buyers of the Collateral, or any other persons of the Bank’s 's interest in the Collateral.

Appears in 6 contracts

Samples: Security Agreement (Game Trading Technologies, Inc.), Security Agreement (WPCS International Inc), Security Agreement (Vertex Energy Inc.)

ADDITIONAL OPTIONAL REQUIREMENTS. The Pledgor agrees that the Bank may at its option at any time, whether or not the Pledgor is in default: (a) Require the Pledgor to deliver to the Bank (i) copies of or extracts from the Books and Records, and (ii) information on any contracts or other matters affecting the Collateral. (b) Examine the Collateral, including the Books and Records, and make copies of or extracts from the Books and Records, and for such purposes enter at any reasonable time upon the property where any Collateral or any Books and Records are located. (c) Require the Pledgor to deliver to the Bank any instruments, chattel paper or letters of credit which are part of the Collateral, and to assign to the Bank the proceeds of any such letters of credit. (d) Notify any account debtors, any buyers of the Collateral, or any other persons of the Bank’s 's interest in the Collateral, but only upon the occurrence of an Event of Default.

Appears in 2 contracts

Samples: Security Agreement (DJSP Enterprises, Inc.), Security Agreement (DJSP Enterprises, Inc.)

ADDITIONAL OPTIONAL REQUIREMENTS. The Pledgor agrees that the Bank may at its option at any time, whether or not the Pledgor is in default: (a) Require the Pledgor to deliver to the Bank (i) copies of or extracts from the Books and Records, and (ii) information on any contracts or other matters affecting the Collateral. (b) Examine the Collateral, including the Books and Records, and make copies of or extracts from the Books and Records, and for such purposes enter at any reasonable time upon the property where any Collateral or any Books and Records are located. (c) Require the Pledgor to deliver to the Bank any instruments, chattel paper or letters of credit which are part of the Collateral, and to assign to the Bank the proceeds of any such letters of credit. (d) Notify any account debtors, any buyers of the Collateral, or any other persons debtors of the Bank’s interest in the Collateral.

Appears in 1 contract

Samples: Security Agreement (Annie's, Inc.)

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ADDITIONAL OPTIONAL REQUIREMENTS. The Pledgor agrees that the Bank may at its option at any time, whether or not the Pledgor is in default: (a) Require the Pledgor to deliver to the Bank (i) copies of or extracts from the Books and Records, and (ii) information on any contracts or other matters affecting the Collateral. (b) Examine the Collateral, including the Books and Records, and make copies of or extracts from the Books and Records, and for such purposes enter at any reasonable time upon the property where any Collateral or any Books and Records are located. (c) Require the Pledgor to deliver to the Bank any instruments, instruments or chattel paper or letters of credit which are part of the Collateral, and to assign to the Bank the proceeds of any such letters of credit. (d) Notify any account debtors, any buyers of the Collateral, or any other persons of the Bank’s 's interest in the Collateral.

Appears in 1 contract

Samples: Security Agreement (Motorcar Parts & Accessories Inc)

ADDITIONAL OPTIONAL REQUIREMENTS. The Pledgor agrees that the Bank Lender may at its option at any time, whether or not the Pledgor is in default: (a) Require the Pledgor to deliver to the Bank Lender (i) copies of or extracts from the Books and Records, and (ii) information on any contracts or other matters affecting the Collateral. (b) Examine the Collateral, including the Books and Records, and make copies of or extracts from the Books and Records, and for such purposes enter at any reasonable time upon the property where any Collateral or any Books and Records are located. (c) Require the Pledgor to deliver to the Bank Lender any instruments, chattel paper or letters of credit which are part of the Collateral, and to assign to the Bank Lender the proceeds of any such letters of credit. (d) Notify any account debtors, any buyers of the Collateral, or any other persons of the BankLender’s interest in the Collateral.

Appears in 1 contract

Samples: Security Agreement (Stryve Foods, Inc.)

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