Common use of Collateral Held by Warehouseman, Bailee, etc Clause in Contracts

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 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

Samples: Security Agreement (Orbital Sciences Corp /De/)

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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, 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 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

Samples: Security Agreement (Benihana Inc)

Collateral Held by Warehouseman, Bailee, etc. If requested by Upon the Administrative Agentoccurrence and during the existence of an Event of Default, 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 its 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

Samples: Security and Pledge Agreement (Silicon Laboratories 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, bailee or any agent or processor of such GrantorObligor, (i) such Obligor shall notify the Administrative Agent of such possession or control, the same and if the Administrative Agent so requests (iii) 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 its 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

Samples: Security Agreement (Brookdale Senior Living 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 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 best 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 (Fti Consulting 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, bailee or any agent or processor of such Grantor, Grantor and the Administrative Agent so requests following the occurrence of an Event of Default that is then continuing (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 its best 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 (Abovenet Inc)

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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, 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, and (iiiii) upon the occurrence of and during the continuance of an Event of Default, 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 its 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

Samples: Security and Pledge Agreement (Grand Canyon Education, Inc.)

Collateral Held by Warehouseman, Bailee, etc. If requested by the Administrative Agent, if any material amount Collateral valued in excess of Collateral $1,000,000 at any location 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 after an Event of Default has occurred and is continuing (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 its 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

Samples: Security and Pledge Agreement (Mimedx Group, 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, 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 's security interest for the benefit of the Lenders in such Collateral, (iii) upon the request of the Administrative Agent, 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 its best efforts to upon the request of the Administrative Agent, 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 (Dean Holding Co)

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