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 (Spincycle Inc), Loan and Security Agreement (Continental Information Systems Corp), Loan and Security Agreement (Spincycle 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 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 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)
Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of BorrowerUS 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 Account subject to Agent'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 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 of the Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrowerthe Debtor's agents or processors, Borrower the Debtor shall, upon at the request of Lendersthe Collateral Agent, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, interest created hereby hereunder and shall instruct such Person to hold all such Collateral for the Collateral Agent's account subject to the Collateral Agent's instructions.
Appears in 1 contract
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 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