Common use of Control of Collateral Clause in Contracts

Control of Collateral. MLBFS may otherwise take control in any lawful manner of any cash or non-cash items of payment or proceeds of Collateral and of any rejected, returned, stopped in transit or repossessed goods included in the Collateral and endorse Customer's name on any item of payment on or proceeds of the Collateral.

Appears in 44 contracts

Samples: Loan and Security Agreement (Stockeryale Inc), Loan and Security Agreement (Yp Net Inc), Loan and Security Agreement (Stockeryale Inc)

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Control of Collateral. MLBFS may otherwise take control in any lawful manner of any cash or non-cash items of payment or proceeds of Collateral and of any rejected, returned, stopped in transit or repossessed goods included in the Collateral and endorse Customer's ’s name on any item of payment on or proceeds of the Collateral.

Appears in 7 contracts

Samples: Loan and Security Agreement (Exactech Inc), Wcma Loan and Security Agreement (Thanksgiving Coffee Co Inc), Term Loan and Security Agreement (Thanksgiving Coffee Co Inc)

Control of Collateral. MLBFS may otherwise take control in any lawful manner of any cash or non-cash noncash items of payment or proceeds of Collateral and of any rejected, returned, stopped in transit or repossessed goods included in the Collateral and endorse Customer's name on any item of payment on or proceeds of the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Faro Technologies Inc), Loan and Security Agreement (American Eco Corp)

Control of Collateral. MLBFS may otherwise take control in any lawful manner of any cash or non-cash items of payment or proceeds of Collateral and of any rejected, returned, stopped in transit or repossessed goods included in the Collateral and endorse Customer's name on any item of payment on or proceeds of the Collateral.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Sel-Leb Marketing Inc)

Control of Collateral. MLBFS may otherwise take control in any lawful manner of any cash or non-cash items of payment or proceeds of Collateral and of any rejected, returned, stopped in transit or repossessed goods included in the Collateral and endorse Customer's Customers name on any item of payment on or proceeds of the Collateral.

Appears in 1 contract

Samples: Term Wcma Loan and Security Agreement (Barbeques Galore LTD)

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Control of Collateral. MLBFS may otherwise take control in any lawful manner means of any cash or non-cash items of or payment or proceeds of Collateral and of any rejected, returned, stopped in transit or repossessed goods included in the Collateral and endorse Customer's name on any item of payment on or proceeds of the Collateral.

Appears in 1 contract

Samples: Term Wcma Loan and Security Agreement (Cd Warehouse Inc)

Control of Collateral. MLBFS may otherwise take control in any lawful manner of any cash or non-cash items of payment or proceeds of Collateral and of any rejected, returned, stopped in transit or repossessed goods included in the Collateral and endorse Customer's ’s name on any item of payment on or proceeds of the Collateral.

Appears in 1 contract

Samples: Loan Agreement (Stockeryale Inc)

Control of Collateral. MLBFS may otherwise take control in any lawful manner of any cash or non-cash noncash items of payment or proceeds of Collateral and of any rejected, returned, stopped in transit or repossessed goods included in the Collateral and endorse Customer's Customers name on any item of payment on or proceeds of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Faro Technologies Inc)

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