Common use of Bailee for Perfection Clause in Contracts

Bailee for Perfection. (a) The Senior Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Agreement, subject to the terms and conditions of this Section 5.5.

Appears in 2 contracts

Samples: Intercreditor Agreement (Foamex Capital Corp), Intercreditor Agreement (Rent Way Inc)

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Bailee for Perfection. (a) The Senior Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee Collateral Agent and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Agreement, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (Golfsmith International Holdings Inc)

Bailee for Perfection. (a) The Senior Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Pledge Agreement, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Reptron Electronics Inc)

Bailee for Perfection. (a) The Senior Agent Lender agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee Seller and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Seller Pledge Agreement, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (Bio Key International Inc)

Bailee for Perfection. (a) The Senior Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Pledge Agreement and the Noteholder Security Agreement, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (Acg Holdings Inc)

Bailee for Perfection. (a) The Senior Collateral Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee Junior Collateral Agent and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Junior Security Agreement and/or the Junior Pledge Agreement, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (Hovnanian Enterprises Inc)

Bailee for Perfection. (a) The Senior Collateral Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Agreement, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (Foamex International Inc)

Bailee for Perfection. (a) (i) The Senior Collateral Agent agrees to hold acquire and acknowledges it holds the Pledged Collateral that is part of the Common or other Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for on behalf of itself and the Trustee First Lien Last Out Collateral Agent and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to under the Noteholder Security AgreementSenior Loan Documents and the First Lien Last Out Note Documents, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: First Lien Intercreditor Agreement (RSC Equipment Rental, Inc.)

Bailee for Perfection. (a) The Each Senior Collateral Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee or agent for the Trustee each Junior Collateral Agent and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Agreementapplicable Junior Obligations Collateral Documents, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (Pliant Corp)

Bailee for Perfection. (a) The Senior Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee Collateral Agent and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Agreement, subject to the terms and conditions of this Section 5.5.. 144

Appears in 1 contract

Samples: Credit Agreement (Golfsmith International Holdings Inc)

Bailee for Perfection. (a) The Senior Credit Agent agrees to hold the any Pledged Collateral that is part of the Common Collateral that is in its possession or control (or in the possession or control of its agents or bailees) as bailee and agent for and on behalf of the Trustee and any assignee Collateral Agent solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Agreementany Junior Creditor Collateral Document, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (J Crew Group Inc)

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Bailee for Perfection. (a) The Senior Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Agreement, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (Rockford Corp)

Bailee for Perfection. (a) The Senior Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the each Trustee and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security AgreementCollateral Documents, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (Rural Cellular Corp)

Bailee for Perfection. (a) The Senior Collateral Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee Noteholder Collateral Agent and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Agreement, the Noteholder Pledge Agreement or the other Noteholder Collateral Documents, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (Aaipharma Inc)

Bailee for Perfection. (a) The Senior Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee Bridge Agent and any assignee respective assignee, solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Bridge Lender Security Agreement, subject to the terms and conditions of this Section 5.55.5 hereof and subject to the terms and conditions of Section 5.5 of the Intercreditor Agreement.

Appears in 1 contract

Samples: Bridge Facility Intercreditor Agreement (Acg Holdings Inc)

Bailee for Perfection. (a) The Senior Credit Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Security Agreement, subject to the terms and conditions of this Section 5.5.

Appears in 1 contract

Samples: Intercreditor Agreement (Hovnanian Enterprises Inc)

Bailee for Perfection. (a) The Senior Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the Trustee Second Priority Lenders and the Second Lien Agent and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Noteholder Second Priority Security AgreementDocuments, subject to the terms and conditions of this Section 5.55.4.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Body Central Corp)

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