Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of the Credit Parties’ agents or processors, the Credit Parties shall, upon the request of Lender, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender created hereby, shall instruct such Person to hold all such Collateral for Lender’s account subject to Lender’s instructions and shall cause such Person to execute an access and waiver agreement reasonably acceptable to Lender.
Appears in 3 contracts
Samples: Term Loan and Security Agreement (Akrion, Inc.), Term Loan and Security Agreement (Akrion, Inc.), Loan and Security Agreement (Pacific Cma Inc)
Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of the Credit Parties’ Borrower's agents or processors, the Credit Parties Borrower shall, upon the request of Lender, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender created hereby, hereby and shall instruct such Person to hold all such Collateral for Lender’s 's account subject to Lender’s instructions and shall cause such Person to execute an access and waiver agreement reasonably acceptable to Lender's instructions.
Appears in 3 contracts
Samples: Loan and Security Agreement (Perma Fix Environmental Services Inc), 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 the Credit Parties’ a Borrower's agents or processors, the Credit Parties such Borrower shall, upon the request of Lender, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender created hereby, hereby and shall instruct such Person to hold all such Collateral for Lender’s 's account subject to Lender’s instructions and shall cause such Person to execute an access and waiver agreement reasonably acceptable to Lender's instructions.
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