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.
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Samples: Security Agreement (Blue Star Foods Corp.), 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 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 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 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 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.
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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.
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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. The Secured Party agrees with the Company that the Secured Party shall not give any such instructions unless an Event of Default has occurred and is continuing.
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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.
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Collateral in the Possession of a Bailee. If any Collateral consisting of goods are at an any time in the possession of a bailee, the Company Debtors 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 CompanyDebtors.
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Samples: Subsidiary Security Agreement (Miller Industries Inc /Tn/)
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.
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Collateral in the Possession of a Bailee. If any goods 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. Secured Party shall not give any such instructions unless an Event of Default (as defined below) has occurred and is continuing or would occur after taking into account any action by the Company with respect to the bailee.
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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.
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Samples: Security Agreement (POSITIVEID Corp)
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)
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.
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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.
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