Common use of Chattel Paper and Letters of Credit Clause in Contracts

Chattel Paper and Letters of Credit. Upon the Agent’s reasonable request following an Event of Default that is continuing, it will place a legend on any chattel paper indicating that Agent has a security interest in the chattel paper.

Appears in 3 contracts

Sources: Security Agreement (Darling Ingredients Inc.), Security Agreement (Darling International Inc), Security Agreement (Darling International Inc)

Chattel Paper and Letters of Credit. Upon the Agent’s reasonable request following an Event of Default that is continuingrequest, it will place a legend on any chattel paper indicating that Agent has a security interest in the chattel paper.

Appears in 1 contract

Sources: Security Agreement (Darling International Inc)

Chattel Paper and Letters of Credit. Upon the Agent’s reasonable request following an Event of Default that is continuing, it such Debtor will place a legend on any chattel paper included in the Collateral indicating that Agent has a security interest in the such chattel paper.

Appears in 1 contract

Sources: Security Agreement (Darling Ingredients Inc.)

Chattel Paper and Letters of Credit. Upon the Agent’s reasonable request following an Event of Default that is continuing's request, it will place a legend on any chattel paper indicating that Agent has a security interest in the chattel paper.

Appears in 1 contract

Sources: Credit Agreement (Darling International Inc)