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 or any Subsidiary's agents or processors, Borrower shall, upon the request of Agent, 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)

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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 or any Subsidiary's agents or processors, such Borrower shall, upon the request of Agent, notify, or cause its Subsidiary to notify, 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 Borrower's or any Subsidiary's agents or processors, Borrower shall, upon the request of Agent, notify, or cause its Subsidiary to notify, 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, feedlot operator or any of Borrower's or any Subsidiary's agents or processors, Borrower shall, upon the request of Collateral Agent, notify, or cause its Subsidiary to notify, 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 a Borrower's or any Subsidiary's agents or processors, such Borrower shall, upon the request of Administrative Agent, 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)

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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 or any Subsidiary's agents or processors, Borrower shall, upon the request of Agent, notify, or cause its Subsidiary to notify, 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)

Bailees. If any Collateral is at any time in the possession or control of ------- any warehouseman, bailee or any of any Borrower's or any Subsidiary's agents or processors, such Borrower shall, upon the request of AgentLenders, notify, or cause its Subsidiary to notify, 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 or any Subsidiary's agents or processors, Borrower shall, upon the request of Agent, 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)

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