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

Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, Grantor shall promptly notify Secured Party thereof, and, as soon as possible but not more than forty-five (45) days later, shall use best efforts to obtain a Collateral Access Agreement in form and substance reasonably satisfactory to Secured Party from such warehouseman or bailee.

Appears in 28 contracts

Samples: Security Agreement (Grow Solutions Holdings, Inc.), Security Agreement (Artec Global Media, Inc.), Security Agreement (Bitzio, Inc.)

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Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, Grantor Debtor shall promptly notify Secured Party thereof, and, as soon as possible possible, but not more than forty-five (45) days later, shall use best efforts to obtain a Collateral Access Agreement in form and substance reasonably satisfactory to Secured Party from such warehouseman or bailee.

Appears in 17 contracts

Samples: Security Agreement (SRAX, Inc.), Security Agreement (SRAX, Inc.), Security Agreement (Growlife, Inc.)

Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, Grantor each Debtor shall promptly notify Secured Party thereof, and, as soon as possible possible, but not more than forty-five (45) days later, shall use best efforts to obtain a Collateral Access Agreement in form and substance reasonably satisfactory to Secured Party from such warehouseman or bailee.

Appears in 10 contracts

Samples: Security Agreement (Sack Lunch Productions Inc.), Security Agreement (Drone USA Inc.), Security Agreement (Grow Solutions Holdings, Inc.)

Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, Grantor the Debtor shall promptly notify Secured Party thereof, and, as soon as possible possible, but not more than forty-five (45) days later, shall use best efforts to obtain a Collateral Access Agreement in form and substance reasonably satisfactory to Secured Party from such warehouseman or bailee.

Appears in 2 contracts

Samples: Security Agreement (Zoompass Holdings, Inc.), Security Agreement (Fresh Healthy Vending International, Inc.)

Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, Grantor each Debtor shall promptly notify Secured Party thereof, and, as soon as possible but not more than forty-five (45) days later, shall use best efforts to obtain a Collateral Access Agreement in form and substance reasonably satisfactory to Secured Party from such warehouseman or bailee.

Appears in 2 contracts

Samples: Security Agreement (National Automation Services Inc), Security Agreement (National Automation Services Inc)

Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, Grantor shall promptly notify the Secured Party Parties thereof, and, as soon as possible but not more than forty-five (45) days later, shall use best efforts to obtain a Collateral Access Agreement in form and substance reasonably satisfactory to the Secured Party Parties from such warehouseman or bailee.

Appears in 1 contract

Samples: Security Agreement (Inergetics Inc)

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Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, Grantor Debtor shall promptly notify Secured Party thereof, and, as soon as possible but not more than forty-five (45) days later, shall use best efforts to obtain a Collateral Access Agreement in form and substance reasonably satisfactory to Secured Party from such warehouseman or bailee.

Appears in 1 contract

Samples: Security Agreement (TouchIT Technologies, Inc.)

Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, Grantor the Debtors shall promptly notify Secured Party thereof, and, as soon as possible possible, but not more than forty-five (45) days later, shall use best efforts to obtain a Collateral Access Agreement collateral access agreement in form and substance reasonably satisfactory to Secured Party from such warehouseman or bailee.

Appears in 1 contract

Samples: Security Agreement (Pacific Ventures Group, Inc.)

Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, Grantor Debtor shall promptly notify Secured Party thereof, and, as soon as possible possible, but not more than forty-five (45) days later, shall use best efforts to obtain a Collateral Access Agreement collateral access agreement in form and substance reasonably satisfactory to Secured Party from such warehouseman or bailee.

Appears in 1 contract

Samples: Security Agreement (Pacific Ventures Group, Inc.)

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