Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 11 contracts
Samples: Credit Agreement (Ryman Hospitality Properties, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Obligor and the Administrative Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s security interest in such Collateraltherein, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iviii) use commercially reasonable efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 9 contracts
Samples: Security and Pledge Agreement (I3 Verticals, Inc.), Security and Pledge Agreement (Health Insurance Innovations, Inc.), Security and Pledge Agreement (PRGX Global, Inc.)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Obligor and the Administrative Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s security interest in such Collateraltherein, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iviii) use commercially reasonable best efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 4 contracts
Samples: Security and Pledge Agreement (Duluth Holdings Inc.), Credit Agreement (Adtalem Global Education Inc.), Security and Pledge Agreement (Omega Protein Corp)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Collateral Agent of such possession or control, (ii) notify such Person of the Administrative Collateral Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Collateral Agent’s account and subject to the Administrative Collateral Agent’s instructions and (iv) use commercially reasonable its best efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Collateral Agent.
Appears in 4 contracts
Samples: Security Agreement (Rehabcare Group Inc), Security Agreement (School Specialty Inc), Security Agreement (School Specialty Inc)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Obligor and the Administrative Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s 's security interest in such Collateraltherein, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s 's account and subject to the Administrative Agent’s 's instructions and (iviii) use commercially reasonable efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 3 contracts
Samples: Security and Pledge Agreement (I3 Verticals, Inc.), Security and Pledge Agreement (I3 Verticals, Inc.), Security and Pledge Agreement (I3 Verticals, Inc.)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially reasonable its best efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 3 contracts
Samples: Security Agreement (Fti Consulting Inc), Security Agreement (Ict Group Inc), Security Agreement (Ict Group Inc)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially reasonable its best efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 2 contracts
Samples: Credit Agreement (Greenway Medical Technologies Inc), Security Agreement (Greenway Medical Technologies Inc)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such GrantorObligor, (i) notify the Administrative Agent of such possession or control, (ii) at the Administrative Agent’s request, notify such Person of the Administrative Agent’s security interest in such Collateral, (iii) at the Administrative Agent’s request, instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) at the Administrative Agent’s request, use its commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 2 contracts
Samples: Credit Agreement (Omega Healthcare Investors Inc), Security Agreement (Omega Healthcare Investors Inc)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time any material portion of the Collateral is in the possession or control of a warehousemanone or more warehousemen, baileebailees, agent agents or processor processors of such Grantor, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially its reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 2 contracts
Samples: Security Agreement (Ipayment Inc), Credit Agreement (Ipayment Inc)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Obligor and the Collateral Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Collateral Agent’s security interest in such Collateraltherein, (iiiii) instruct such Person to hold all such Collateral for the Administrative Collateral Agent’s account and subject to the Administrative Collateral Agent’s instructions and (iviii) use commercially reasonable efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Collateral Agent.
Appears in 2 contracts
Samples: Security and Pledge Agreement (StoneX Group Inc.), Indenture (Intl Fcstone Inc.)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Obligor and the Administrative Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s 's security interest in such Collateraltherein, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s 's account and subject to the Administrative Agent’s 's instructions and (iviii) use commercially reasonable efforts to obtain an request a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 2 contracts
Samples: Credit Agreement (Signal Medical Services), Credit Agreement (Jw Childs Equity Partners Ii Lp)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such GrantorBorrower, the Borrower shall (ia) notify the Administrative Agent of such possession or controlpossession, (iib) notify such Person of the Administrative Agent’s security interest for the benefit of the Lenders in such Collateral, (iiic) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (ivd) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 2 contracts
Samples: Security Agreement, Security Agreement (Dover Motorsports Inc)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such GrantorObligor, the Obligor shall (ia) notify the Administrative Agent of such possession or controlpossession, (iib) notify such Person of the Administrative Agent’s security interest for the benefit of the Lenders in such Collateral, (iiic) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (ivd) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 2 contracts
Samples: Security Agreement, Security Agreement (Lazydays Holdings, Inc.)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such GrantorObligor, (i) notify the Administrative Agent of such possession or controlpossession, (ii) upon the request of the Administrative Agent, notify such Person of the Administrative Agent’s security interest for the benefit of the Lenders in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Samples: Security Agreement (Benihana Inc)
Collateral Held by Warehouseman, Bailee, etc. If any material Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Agent of such possession or controlcontrol and (ii) upon Administrative Agent’s written request, (iix) notify such Person of the Administrative Agent’s security interest in such Collateral, (iiiy) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (ivz) use its commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time any material portion of the Collateral is in the possession or control of a warehousemanone or more warehousemen, baileebailees, agent agents or processor processors of such Grantorthe Grantors, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially its reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time is in the possession or control of a warehouseman, bailee, agent or processor of such GrantorGrantor and the Administrative Agent so requests, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s security interest in such Collateral, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iviii) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such GrantorObligor, (i) notify the Administrative Agent of such possession or controlpossession, (ii) notify such Person of the Administrative Agent’s 's security interest for the benefit of the Lenders in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s 's account and subject to the Administrative Agent’s 's instructions and (iv) use commercially its best reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Obligor and Administrative Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s security interest in such Collateraltherein, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially reasonable its best efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Collateral Agent of such possession or control, (ii) notify such Person of the Administrative Collateral Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Collateral Agent’s account and subject to the Administrative Collateral Agent’s instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Collateral Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s 's security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s 's account and subject to the Administrative Agent’s 's instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Samples: Security Agreement (GFI Group Inc.)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantorthe Debtor, (i) notify the Administrative Agent of such possession or controlpossession, (ii) notify such Person of the Administrative Agent’s security interest for the benefit of the Lenders in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Samples: Master Financing Agreement (Zap)
Collateral Held by Warehouseman, Bailee, etc. If any material Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Obligor and the Administrative Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s security interest in such Collateraltherein, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iviii) use commercially reasonable best efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such GrantorGrantor and is expected to remain in possession and control of such third party, (i) notify the Domestic Administrative Agent of such possession or control, (ii) notify such Person of the Domestic Administrative Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Domestic Administrative Agent’s account and subject to the Domestic Administrative Agent’s instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Domestic Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such GrantorObligor, (i) notify the Administrative Agent of such possession or controlpossession, (ii) notify such Person of the Administrative Agent’s 's security interest for the benefit of the Lenders in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s 's account and subject to the Administrative Agent’s 's instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any material amount of Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Obligor and the Administrative Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s security interest in such Collateraltherein, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iviii) use commercially reasonable efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Samples: Security and Pledge Agreement (Rf Micro Devices Inc)
Collateral Held by Warehouseman, Bailee, etc. If requested by the Administrative Agent, if any material amount of Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially reasonable its best efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Grantor and the Administrative Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s 's security interest in such Collateraltherein pursuant to this Agreement, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s 's account and subject to the Administrative Agent’s 's instructions and (iviii) use commercially reasonable best efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent, on behalf of the holders of the Secured Obligations.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such GrantorObligor, (i) notify the Administrative Agent of such possession or controlpossession, (ii) notify such Person of the Administrative Agent’s security interest for the benefit of the Lenders in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s ’ s instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Samples: Security Agreement (Lionbridge Technologies Inc /De/)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, the Obligor and the Administrative Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s security interest in such Collateraltherein, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iviii) use commercially reasonable best efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, and the Agent so requests, (i) notify such Person in writing of the Administrative Agent of such possession or controlAgent's security interest therein, (ii) notify such Person of the Administrative Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s 's account and and, while an Event of Default exists, subject to the Administrative Agent’s 's instructions and (iviii) use commercially reasonable efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Samples: Security and Pledge Agreement (Pernix Therapeutics Holdings, Inc.)
Collateral Held by Warehouseman, Bailee, etc. If any material Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use its commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such GrantorDebtor, (i) notify the Administrative Agent of such possession or controlpossession, (ii) notify such Person of the Administrative Agent’s security interest for the benefit of the Lenders in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Samples: Master Financing Agreement (Zap)
Collateral Held by Warehouseman, Bailee, etc. If any material Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Collateral Agent of such possession or control, (ii) notify such Person of the Administrative Collateral Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Collateral Agent’s account and subject to the Administrative Collateral Agent’s instructions and (iv) use commercially reasonable its best efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Collateral Agent.
Appears in 1 contract
Samples: Security Agreement (Premiere Global Services, Inc.)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Obligor and the Administrative Agent reasonably requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s security interest in such Collateraltherein, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iviii) use commercially reasonable efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such GrantorObligor, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s 's security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s 's account and subject to the Administrative Agent’s 's instructions and (iv) use commercially reasonable its best efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such GrantorObligor, (i) notify the Administrative Agent of such possession or controlpossession, (ii) notify such Person of the Administrative Agent’s security interest for the benefit of the Lenders in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract
Samples: Security Agreement (Lionbridge Technologies Inc /De/)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee, bailee or any agent or processor of such Grantor, Obligor and the Administrative Agent so requests (i) notify the Administrative Agent of such possession or control, (ii) notify such Person in writing of the Administrative Agent’s 's security interest in such Collateraltherein, (iiiii) instruct such Person to hold all such Collateral for the Administrative Agent’s 's account and subject to the Administrative Agent’s 's instructions and (iviii) use commercially reasonable best efforts to obtain an a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.
Appears in 1 contract