CERTAIN POSSESSORY COLLATERAL Sample Clauses

CERTAIN POSSESSORY COLLATERAL. (a) On the Closing Date and without implying any limitation on the scope of Section 3.3 (Grant of Liens) above, the Borrowers shall deliver to the Lender all originals of all of the Borrowers' letters of credit, chattel paper, documents of title, securities, instruments and other property which may be perfected by possession and which is included among the Collateral, and, if the Lender so requires, shall execute and deliver to the Lender separate pledges, assignments and security agreements in form and content acceptable to the Lender, which pledges, assignments and security agreements shall assign, pledge and ▇▇▇▇▇ ▇ ▇▇▇▇ to the Lender on all such letters of credit, chattel paper, documents of title and instruments. (b) In the event that any Borrower shall acquire after the Closing Date any letters of credit, chattel paper, documents of title and instruments included among the Collateral, the Borrower shall promptly so notify the Lender and deliver the originals of all of the foregoing to the Lender promptly and in any event within ten (10) days of each acquisition. (c) All letters of credit, chattel paper, documents of title and instruments included among the Collateral shall be delivered to the Lender endorsed and/or assigned as required by any pledge, assignment and security agreement and/or as the Lender may require and, if applicable, shall be accompanied by notices as the Lender may require.