Borrower's Possession. Upon and during the continuance of an Event of Default or an Event of Acceleration, to the extent the same shall, from time to time, be in the Borrower's possession, the Borrower will hold all securities, instruments, chattel paper, documents, certificates and money and other writings evidencing or relating to the Collateral in trust for the Secured Party and, upon request or as otherwise provided herein, promptly deliver the same to the Secured Party in a form received and at a time and in a manner satisfactory to the Secured Party. With respect to the Collateral in the Borrower's possession the Borrower shall at the Secured Party's request take such action as the Secured Party in its discretion deems necessary or desirable to create, perfect and protect the Secured Party's security interest in any of the Collateral.
Borrower's Possession. Upon and during the continuation of an Event of Default, to the extent the same shall, from time to time, be in any Borrower’s possession, such Borrower will hold the Collateral and all writings evidencing or relating to the Collateral in trust for Administrative Agent, on behalf of the Holders of the Obligations, and, upon request or as otherwise provided herein, promptly deliver the same to Administrative Agent, in the form received and at a time and in a manner satisfactory to Administrative Agent. With respect to the Collateral in any Borrower’s possession Borrowers shall at Administrative Agent’s request take such action as Administrative Agent in its Sole Discretion deems necessary or desirable to create, perfect and protect the security interest of Administrative Agent, on behalf of the Holders of the Obligations, in any of the Collateral and to preserve or enhance the value thereof.
Borrower's Possession. Upon and during the continuation of an Event of Default, to the extent the same shall, from time to time, be in Borrower's possession, Borrower will hold all securities, instruments, chattel paper, documents, certificates and money and other writings evidencing or relating to the Collateral in trust for Secured Party and, upon request or as otherwise provided herein, promptly deliver the same to Secured Party in form received and at a time and in a manner satisfactory to Secured Party. With respect to the Collateral in Borrower's possession Borrower shall at Secured Party's request take such action as Secured Party in its discretion deems necessary or desirable to create, perfect and protect Secured Party's security interest in any of the Collateral.
Borrower's Possession. 15 5.2 Secured Party's Possession.....................................15 6.
Borrower's Possession. Upon and during the continuation of an Event of Default, to the extent the same shall, from time to time, be in any Borrower’s possession, such Borrower will hold the Collateral and all writings evidencing or relating to the Collateral in trust for Administrative Agent, on behalf of the Lenders, and, upon request or as otherwise provided herein, promptly deliver the same to Administrative Agent, in the form received and at a time and in a manner satisfactory to
Borrower's Possession. Upon and during the continuation of an Event of Default, to the extent the same shall, from time to time, be in Borrower's possession, Borrower will hold the Collateral and all writings evidencing or relating to the Collateral in trust for Lender and, upon request or as otherwise provided herein, promptly deliver the same to Lender, in the form received and at a time and in a manner satisfactory to Lender. With respect to the Collateral in Borrower's possession Borrower shall at Lender's request take such action as Lender in its Sole Discretion deems necessary or desirable to create, perfect and protect the security interest of Lender in any of the Collateral and to preserve or enhance the value thereof.
Borrower's Possession. Borrower will be deemed at all times to --------------------- hold all securities, investment property, instruments, chattel paper, documents, certificates and money and other writings evidencing or relating to the Collateral in trust for Secured Party and, upon and during the continuation of an Event of Default, to the extent the same shall, from time to time, be in Borrower's possession, upon request or as otherwise provided herein, Borrower shall promptly deliver the same to Secured Party in the form received (with any necessary endorsements) and at a time and in a manner satisfactory to Secured Party. With respect to the Collateral in Borrower's possession, Borrower shall at Secured Party's request take such action as Secured Party in its discretion deems necessary or desirable to create, perfect and protect Secured Party's security interest in any of the Collateral.
Borrower's Possession. Upon and during the continuation of an Event of Default, to the extent that any Collateral shall, from time to time, be in any Borrower's or Subsidiary's possession, such Borrower or Subsidiary will hold such Collateral and all writings evidencing or relating to such Collateral in trust for the Administrative Agent, on behalf of the Secured Parties, and, upon request or as otherwise provided herein, promptly deliver the same to the Administrative Agent, in the form received and at a time and in a manner satisfactory to the Administrative Agent. With respect to the Collateral in a Borrower's or Subsidiary's possession, such Borrower or Subsidiary shall at the Administrative Agent's request take such action as the Administrative Agent in its Sole Discretion deems necessary or desirable to create, perfect and maintain the security interest of the Administrative Agent, on behalf of the Secured Parties, in any of the Collateral and to preserve the value thereof (ordinary wear and tear excepted).
