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

Collateral Held by Warehouseman, Bailee, etc. (i) Upon the request of the Administrative Agent, if any Collateral is at any time in the possession or control of a warehouseman, bailee or any agent or processor of such Grantor and the Administrative Agent so requests, (A) notify such Person in writing of the Administrative Agent’s security interest for the benefit of the Secured Parties in such Collateral, (B) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (C) unless otherwise consented to in writing by the Administrative Agent, obtain (1) a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent and (2) such other documentation required by the Administrative Agent (including, without limitation, subordination and access agreements).

Collateral Held by Warehouseman, Bailee, etc. (i) Upon the request of the Administrative Agent, if If any Collateral with a value in excess of $500,000 is at any time in the possession or control of a warehouseman, bailee or any agent or processor of such Grantor and (A) notify the Administrative Agent so requestsof such possession, (AB) notify such Person in writing of the Administrative Agent’s security interest for the benefit of the Secured Parties in such Collateral, (BC) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (CD) unless otherwise consented to in writing by the Administrative Agent, use commercially reasonable efforts to obtain (1) a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent and (2) such other documentation required by the Administrative Agent (including, without limitation, subordination and access agreements).

Collateral Held by Warehouseman, Bailee, etc. (i) Upon the request of the Administrative Agent, if If any Collateral is at any time in the possession or control of a warehouseman, bailee or any agent or processor of such Grantor and the Borrower (A) notify the Joint Administrative Agent so requestsof such possession, (AB) notify such Person in writing of the Administrative Agent’s security interest for the benefit of the Secured Parties in such Collateral, (BC) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (CD) unless otherwise consented to in writing by the Administrative Agent, obtain (1) a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Joint Administrative Agent and (2) such other documentation required by the Joint Administrative Agent (including, without limitation, subordination and access agreements).

Collateral Held by Warehouseman, Bailee, etc. (i) Upon the request of the Administrative Agent, if If any Collateral is at any time in the possession or control of a warehouseman, bailee or any agent or processor of such Grantor and (A) notify the Administrative Agent so requestsof such possession, (AB) notify such Person in writing of the Administrative Agent’s security interest for the benefit of the Secured Parties in such Collateral, (BC) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (CD) unless otherwise consented to in writing by the Administrative Agent, obtain (1) a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent and (2) such other documentation required by the Administrative Agent (including, without limitation, subordination and access agreements).

Collateral Held by Warehouseman, Bailee, etc. (i) Upon the request of the Administrative Agent, if If any Collateral in excess of $250,000, individually or in the aggregate, is at any time in the possession or control of a warehouseman, bailee or any agent or processor of such Grantor and (A) notify the Administrative Agent so requestsof such possession, (AB) notify such Person in writing of the Administrative Agent’s security interest for the benefit of the Secured Parties in such Collateral, (BC) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (CD) unless otherwise consented to in writing by the Administrative Agent, obtain (1) a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent and (2) such other documentation required by the Administrative Agent (including, without limitation, subordination and access agreements).