Common use of Bailees Clause in Contracts

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

Bailees. If any Collateral is shall at any time be in the possession or ------- control of any warehousemanwarehouse, bailee, consignee bailee or any of a Debtor's agents or processors, such Debtor shall, upon the request of Agent, notify any such warehousemanwarehouse, bailee, consignee, agent or processor of the Security Interests created hereby and Interests, 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.

Bailees. If any of the Collateral is at any time in the possession or ------- control of any warehouseman, bailee, consignee bailee or any of a the Debtor's ’s agents or processors, such the Debtor shallshall notify the agent (and revise Schedule A to this Agreement to this effect), upon and at the request of the Agent, notify such warehouseman, bailee, consignee, agent or processor of the Security Interests security interest created hereby and hereunder, shall instruct such Person to hold all such Collateral for the Agent's ’s account subject to the Agent's instructions’s instructions and shall obtain for the Agent such Person’s acknowledgment of the same.

Bailees. If any of the Collateral is at any time in the possession or ------- control of any warehouseman, bailee, consignee bailee or any of a the Debtor's agents Agents or processors, such the Debtor shallshall notify the Agent (and revise Schedule A to this Agreement to this effect), upon and at the request of the Agent, notify such warehouseman, bailee, consignee, agent Agent or processor of the Security Interests security interest created hereby and hereunder, 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.