Collateral in the Possession of a Bailee. If any goods are at an time in the possession of a bailee, the Company shall promptly notify the Secured Party thereof and, if requested by the Secured Party, shall promptly obtain an acknowledgement from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, without the further consent of the Company.
Appears in 3 contracts
Samples: Security Agreement (Blue Star Foods Corp.), Security Agreement (COMSovereign Holding Corp.), Security Agreement (COMSovereign Holding Corp.)
Collateral in the Possession of a Bailee. 4.4.1. If any goods are at an any time in the possession of a bailee, the Company Debtor shall promptly notify the Secured Party thereof and, if requested by the Secured Party, shall promptly obtain an acknowledgement from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, without the further consent of the CompanyDebtor.
Appears in 3 contracts
Samples: Security Agreement (Tower Tech Inc), Security Agreement (Tower Tech Inc), Security Agreement (Environmental Power Corp)
Collateral in the Possession of a Bailee. If any goods are Collateral is at an any time in the possession of a bailee, the Company Debtor shall promptly notify the Secured Party thereof and, if requested by at the Secured Party’s request and option, shall promptly obtain an acknowledgement acknowledgment from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, and that such bailee agrees to comply, without the further consent of the CompanyDebtor, with instructions from the Secured Party as to such Collateral.
Appears in 2 contracts
Samples: Security Agreement (Wornick CO Right Away Division, L.P.), Security Agreement (TWC Holding Corp.)
Collateral in the Possession of a Bailee. If any goods are Collateral is at an any ---------------------------------------- time in the possession of a bailee, the Company Debtor shall promptly notify the Secured Party thereof and, if requested by at the Secured Party's request and option, shall promptly obtain an acknowledgement from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, and that such bailee agrees to comply, without the further consent of the CompanyDebtor, with instructions from the Secured Party as to such Collateral.
Appears in 2 contracts
Samples: Security Agreement (Ydi Wireless Inc), Security Agreement (Rapidtron Inc)
Collateral in the Possession of a Bailee. If any goods are at an time in the possession of a bailee, the a Company shall promptly notify the Secured Party thereof and, if requested by the Secured Party, shall promptly obtain an acknowledgement from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, without the further consent of the such Company.
Appears in 2 contracts
Samples: Security Agreement (COMSovereign Holding Corp.), Security Agreement (COMSovereign Holding Corp.)
Collateral in the Possession of a Bailee. If any goods are Collateral is at an any time in the possession of a bailee, the Company Grantor shall promptly notify the Secured Party thereof and, if requested by at the Secured Party’s request and option, shall promptly obtain an acknowledgement from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, and that such bailee agrees to comply, without the further consent of the CompanyGrantor, with instructions from the Secured Party as to such Collateral.
Appears in 1 contract
Collateral in the Possession of a Bailee. If any goods are at an any time in the possession of a bailee, the Company Debtor shall promptly notify the Secured Party thereof and, if requested by the Secured Party, shall promptly obtain an acknowledgement from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, without the further consent of the CompanyDebtor.
Appears in 1 contract
Samples: Security Agreement (POSITIVEID Corp)
Collateral in the Possession of a Bailee. If any goods are Collateral is at an any time in the possession of a bailee, the Company Debtor shall promptly notify the Secured Party thereof and, if requested by at the Secured Party’s request and option, shall promptly obtain an acknowledgement from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, and that such bailee agrees to comply, without the further consent of the CompanyDebtor, with instructions from the Secured Party as to such Collateral.
Appears in 1 contract
Collateral in the Possession of a Bailee. If any goods are Collateral is at an any time in the possession of a bailee, the Company Debtor shall promptly notify the Secured Party thereof and, if requested by at the Secured Party’s request and option, shall promptly use its commercially reasonably efforts to obtain an acknowledgement from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, and that such bailee agrees to comply, without the further consent of the CompanyDebtor, with instructions from the Secured Party as to such Collateral.
Appears in 1 contract
Collateral in the Possession of a Bailee. If any goods are at an any time in the possession of a bailee, the Company shall promptly notify the Secured Party thereof and, if requested by the Secured Party, shall promptly obtain an acknowledgement from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, without the further consent of the Company.
Appears in 1 contract
Collateral in the Possession of a Bailee. If any goods are at an any time in the possession of a bailee, the Company Debtor shall promptly notify the Secured Party thereof and, if requested by the Secured Party, shall promptly obtain an acknowledgement acknowledgment from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, without the further consent of the CompanyDebtor.
Appears in 1 contract
Collateral in the Possession of a Bailee. If any goods are at an any time in the possession of a bailee, the Company Debtor shall promptly notify the Secured Party thereof and, if requested by the Secured Party, shall promptly obtain an acknowledgement acknowledgment from the bailee, in form and substance satisfactory to the Secured Party, that the bailee holds such Collateral for the benefit of the Secured Party and shall act upon the instructions of the Secured Party, without the further consent of the CompanyDebtor.
Appears in 1 contract
Samples: Security Agreement (Granite City Food & Brewery LTD)
