Common use of Bailees Clause in Contracts

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall, upon the request of Lenders, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 3 contracts

Samples: Loan and Security Agreement (Continental Information Systems Corp), Loan and Security Agreement (Spincycle Inc), Loan and Security Agreement (Spincycle Inc)

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Bailees. If any Collateral is at any time in the possession or control ------- of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall, upon the request of LendersLender, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, Lender created hereby and shall instruct such Person to hold all such Collateral for AgentLender's account subject to AgentLender's instructions.

Appears in 2 contracts

Samples: Loan and Security Agreement (Right Start Inc /Ca), Loan and Security Agreement (Valhi Inc /De/)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's or any Subsidiary's agents or processors, Borrower shall, upon the request of Agent or Lenders, notify or cause to be notified such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Agent and Lenders, created hereby or by the other Loan Documents and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 2 contracts

Samples: Loan and Security Agreement (Chief Auto Parts Inc), Loan and Security Agreement (Chief Auto Parts Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall, upon the request of LendersLender, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, Lender created hereby and shall instruct such Person to hold all such Collateral for AgentLender's account subject to AgentLender's instructions.

Appears in 2 contracts

Samples: Loan and Security Agreement (Finantra Capital Inc), Credit Facilities Agreement (Integrated Information Systems Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's or any Subsidiary's agents or processors, Borrower shall, upon the request of LendersAgent, notify notify, or cause its Subsidiary to notify, such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 1 contract

Samples: Loan and Security Agreement (North Face Inc)

Bailees. If any Collateral is at any time in the possession or ------- control of any warehouseman, bailee bailee, consignee or any of any Borrower's agents or processors, such Borrower shall, upon the request of LendersAgent, notify such warehouseman, bailee, consignee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, Security Interests created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 1 contract

Samples: Security Agreement (Opinion Research Corp)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of a Borrower's or any Subsidiary's agents or processors, such Borrower shall, upon the request of LendersAdministrative Agent, notify notify, or cause its Subsidiary to notify, such warehouseman, bailee, agent or processor of the security interests in favor of Collateral Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Administrative Agent's account subject to Administrative Agent's and/or Collateral Agent's instructions.

Appears in 1 contract

Samples: Loan Agreement (North Face Inc)

Bailees. If any Collateral is at any time in the possession or control of ------- any warehouseman, bailee or any of Borrower's or any Subsidiary's agents or processors, Borrower shall, upon the request of LendersAgent, notify notify, or cause its Subsidiary to notify, such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 1 contract

Samples: Loan and Security Agreement (North Face Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of the Borrower's ’s agents or processors, the Borrower shall, upon promptly after request therefor by the request of LendersBank, notify such warehouseman, bailee, agent or processor of the security interests Lien in favor of Agent, for the benefit of Lenders, Bank created hereby and shall instruct such Person to hold all such Collateral for Agent's the Bank’s account subject to Agent's the Bank’s instructions.

Appears in 1 contract

Samples: Loan Agreement (Ansoft Corp)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's US Obligor’s agents or processors, Borrower shall, upon the request of LendersAgent, notify Borrower shall notify, or arrange the notification of, such warehouseman, bailee, agent or processor of the security interests (or applicable equivalents thereof) in favor favour of Agent, for the benefit of Agent and Lenders, created hereby or the other Loan Documents, and shall instruct such Person to hold all such Collateral for Agent's account ’s Account subject to Agent's ’s instructions.

Appears in 1 contract

Samples: Loan and Security Agreement (Beacon Roofing Supply Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee bailee, consignee or any of BorrowerDebtor's agents or processors, Borrower Debtor shall, upon the request of LendersAgent, notify such warehouseman, bailee, consignee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, Security Interests created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 1 contract

Samples: Security Agreement (Cherokee International Finance Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall, upon the request of LendersLender, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, Lender created hereby and shall instruct such Person to hold all such Collateral for AgentLender's account subject to AgentLender's instructions.. 5.14

Appears in 1 contract

Samples: Loan and Security Agreement (Perma Fix Environmental Services Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of a Borrower's agents or processors, such Borrower shall, upon the request of LendersLender, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, Lender created hereby and shall instruct such Person to hold all such Collateral for AgentLender's account subject to AgentLender's instructions.

Appears in 1 contract

Samples: Loan and Security Agreement (Editek Inc)

Bailees. If any of the Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrowerthe Debtor's agents Agents or processors, Borrower shallthe Debtor shall notify the Agent (and revise Schedule A to this Agreement to this effect), upon and at the request of Lendersthe Agent, notify such warehouseman, bailee, agent Agent or processor of the security interests in favor of Agentinterest created hereunder, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for the Agent's account subject to the Agent's instructionsinstructions and shall obtain for the Agent such Person's acknowledgment of the same.

Appears in 1 contract

Samples: Security Agreement (Quanex Corp)

Bailees. If any Collateral is at any time in the possession or ------- control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall, upon the request of Lenders, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 1 contract

Samples: Loan and Security Agreement (Tower Air Inc)

Bailees. If any Collateral is at any time in the ------- possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall, upon the request of Lenders, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructionsinstruc-tions.

Appears in 1 contract

Samples: Loan and Security Agreement (Gradall Industries Inc)

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Bailees. If any Collateral is shall at any time be in the possession or control of any warehousemanwarehouse, bailee or any of BorrowerDebtor's agents or processors, Borrower Debtor shall, upon the request of LendersAgent, notify any such warehousemanwarehouse, bailee, agent or processor of the security interests in favor of AgentSecurity Interests, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructionsinstructions and shall use commercially reasonably efforts to obtain an acknowledgement from such Person that such Person holds the Collateral for Agent's benefit.

Appears in 1 contract

Samples: Security Agreement (Cherokee International Corp)

Bailees. If any Collateral is at any time in the possession or ------- control of any warehouseman, bailee bailee, consignee or any of Borrowera Debtor's agents or processors, Borrower such Debtor shall, upon the request of LendersAgent, notify such warehouseman, bailee, consignee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, Security Interests created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 1 contract

Samples: Security Agreement (Opinion Research Corp)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of any Borrower's agents or processors, such Borrower shall, upon the request of Lenders, notify such warehouseman, bailee, agent or processor of the security interests in favor of Administrative and Documentation Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Administrative and Documentation Agent's account subject to Administrative and Documentation Agent's instructions.

Appears in 1 contract

Samples: Loan and Security Agreement (Belding Heminway Co Inc /De/)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents Lenders or processors, Borrower shall, upon the request of LendersLender, notify such warehouseman, bailee, agent Lender or processor of the security interests in favor of Agent, for the benefit of Lenders, Security Interests created hereby and shall instruct such Person to hold all such Collateral for AgentLender's account subject to AgentLender's instructions.

Appears in 1 contract

Samples: Security Agreement (Dove Entertainment Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall, upon the request of LendersAgent, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, Security Interests created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 1 contract

Samples: Security Agreement (Protection One Alarm Monitoring Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee bailee, consignee or any of Borrower's agents or processors, Borrower shall, upon the request of LendersAgent, notify such warehouseman, bailee, consignee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, Security Interests created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 1 contract

Samples: Security Agreement (Cherokee International Finance Inc)

Bailees. If any Collateral is at any time in the possession or control ------- of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall, upon the request of Lenders, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.

Appears in 1 contract

Samples: Loan and Security Agreement (Tower Air Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of the Borrower's ’s agents or processors, the Borrower shall, upon the request of Lenders, shall promptly notify such warehouseman, bailee, agent or processor of the security interests Lien in favor of Agentthe Bank created hereby, for the benefit of Lendersif applicable, created hereby and shall instruct such Person to hold all such Collateral for Agent's the Bank’s account subject to Agent's the Bank’s instructions.

Appears in 1 contract

Samples: Loan Agreement (Gateway Trade Center Inc.)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee bailee, feedlot operator or any of Borrower's agents or processors, Borrower shall, upon the request of LendersCollateral Agent, notify such warehouseman, bailee, feedlot operator, agent or processor of the security interests in favor of Collateral Agent, for the benefit of Agents and Lenders, created hereby and shall instruct such Person to hold all such Collateral for Collateral Agent's account subject to Collateral Agent's instructions.

Appears in 1 contract

Samples: Loan and Security Agreement (Thorn Apple Valley Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall, upon the request of LendersAgent, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Agent's account as set forth in the warehouseman's letter with respect to the Collateral at such warehouse or, if there is no such letter in effect, then subject to Agent's instructions.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Shoppers Food Warehouse Corp)

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