Common use of Collateral in the Possession of a Bailee Clause in Contracts

Collateral in the Possession of a Bailee. If any goods are at any time in the possession of a bailee, Borrower will promptly notify Lender thereof and, if requested by Lender, will promptly obtain an acknowledgment from the bailee, in form and substance satisfactory to Lender, that the bailee holds such Collateral for the benefit of Lender and will act upon the instructions of Lender, without the further consent of Borrower.

Collateral in the Possession of a Bailee. If any goods are at any time in the possession of a bailee, Borrower will the Company shall promptly notify Lender the Lenders thereof and, if requested by Lenderthe Lenders, will shall promptly obtain an acknowledgment from the bailee, in form and substance satisfactory to Lenderthe Lenders, that the bailee holds such Collateral for the benefit of Lender the Lenders and will shall act upon the instructions of Lenderthe Lenders, without the further consent of Borrowerthe Company.

Collateral in the Possession of a Bailee. If any goods are at any time in the possession of a bailee, Borrower will the Company shall promptly notify the Lender thereof and, if requested by the Lender, will shall promptly obtain an acknowledgment from the bailee, in form and substance satisfactory to the Lender, that the bailee holds such Collateral for the benefit of the Lender and will shall act upon the instructions of the Lender, without the further consent of Borrowerthe Company.

Collateral in the Possession of a Bailee. If any goods are at any time in the possession of a bailee, Borrower will Guarantor shall promptly notify the Lender thereof and, if requested by the Lender, will shall promptly obtain an acknowledgment from the bailee, in form and substance satisfactory to the Lender, that the bailee holds such Collateral for the benefit of the Lender and will shall act upon the instructions of the Lender, without the further consent of BorrowerGuarantor.

Collateral in the Possession of a Bailee. If any goods are at any time in the possession of a bailee, Borrower the Guarantor will promptly notify the Lender thereof and, if thereof. If requested by the Lender, the Guarantor will promptly obtain an acknowledgment from the bailee, in form and substance satisfactory to the Lender, that the bailee holds such Collateral for the benefit of the Lender and that the bailee will act upon the instructions of the Lender, without the further consent of Borrowerthe Guarantor.

Collateral in the Possession of a Bailee. If any goods are at any time in the possession of a bailee, Borrower will shall promptly notify Lender thereof and, if requested by Lender, will shall promptly obtain an acknowledgment acknowledgement from the bailee, in form and substance satisfactory to Lender, that the bailee holds such Collateral for the benefit of Lender and will shall act upon the instructions of Lender, without the further consent of Borrower.

Collateral in the Possession of a Bailee. If any goods Goods of material value are at any time in the possession of a bailee, Borrower will shall promptly notify Lender thereof and, if reasonably requested by Lender, will shall promptly obtain an acknowledgment acknowledgement from the bailee, in form and substance satisfactory to Lender, that the bailee holds such Collateral for the benefit of Lender and will shall act upon the instructions of Lender, without the further consent of Borrower.

Collateral in the Possession of a Bailee. If any goods are at any time in the possession of a bailee, the Borrower will promptly notify the Lender thereof and, if thereof. If requested by the Lender, the Borrower will promptly obtain an acknowledgment from the bailee, in form and substance satisfactory to the Lender, that the bailee holds such Collateral for the benefit of the Lender and that the bailee will act upon the instructions of the Lender, without the further consent of the Borrower.

Collateral in the Possession of a Bailee. If any goods are at any time in the possession of a bailee, Borrower will the Company shall promptly notify Lender the Lenders thereof and, if requested by Lenderthe Lenders while an Event of Default exists, will shall promptly obtain an acknowledgment from the bailee, in form and substance satisfactory to Lenderthe Lenders, that the bailee holds such Collateral for the benefit of Lender the Lenders and will shall act upon the instructions of Lenderthe Lenders, without the further consent of Borrowerthe Company.

Collateral in the Possession of a Bailee. If any goods are Collateral is at any time in the possession of a bailee, the Borrower will shall promptly notify the Lender thereof and, if requested by at the Lender’s request and option, will shall promptly obtain an acknowledgment acknowledgement from the bailee, in form and substance satisfactory to the Lender, that the bailee holds such Collateral for the benefit of Lender and will act upon the instructions of Lender, and that such bailee agrees to comply, without the further consent of the Borrower, with instructions from the Lender as to such Collateral.

Collateral in the Possession of a Bailee. If any goods are Collateral is now or at any time hereafter in the possession of a bailee, Borrower will shall promptly notify Lender thereof and, if requested by at Lender's request and option, will shall promptly obtain an acknowledgment acknowledgement from the bailee, in form and substance satisfactory to Lender, that the bailee holds such Collateral for the benefit of Lender and will act upon the instructions of Lendersuch bailee's agreement to comply, without the further consent of Borrower, at any time with instructions of Lender as to such Collateral.

Collateral in the Possession of a Bailee. If any goods are Collateral is, now or at any time hereafter, in the possession of a bailee, Borrower will Borrowers shall promptly notify the Lender thereof and, if requested by at the Lender’s request and option, will shall promptly obtain an a bailee acknowledgment from the bailee, and access agreement in form and substance reasonably satisfactory to the Lender, that the bailee holds such Collateral for the benefit of Lender and will act upon the instructions of Lender, without the further consent of Borrower.

Collateral in the Possession of a Bailee. If any goods are at any time in the possession of a bailee, the Borrower will shall promptly notify the Lender thereof and, if requested by the Lender, will shall promptly obtain an acknowledgment a written acknowledgement from the bailee, in form and substance satisfactory to the Lender, that the bailee holds such Collateral for the benefit of the Lender and will shall act upon the instructions of the Lender, without the further consent of the Borrower.

Collateral in the Possession of a Bailee. If any goods of any Borrower are at any time in the possession of a bailee, Borrower will shall promptly notify Lender thereof and, if requested by Lender, will shall promptly obtain an acknowledgment from the bailee, in form and substance satisfactory to Lender, that the bailee holds such Collateral for the benefit of Lender and will shall act upon the instructions of Lender, without the further consent of Borrower.

Collateral in the Possession of a Bailee. If any goods are at any time in the possession of a bailee, Borrower will shall promptly notify Lender thereof and, if requested by Lender, will shall promptly obtain an acknowledgment acknowledgement from the bailee, in form and substance satisfactory to Lender, that the bailee holds such Collateral for the benefit of Lender and will shall act upon the instructions of Lender, without the further consent of Borrower.