Common use of Control of Collateral Clause in Contracts

Control of Collateral. At the request of Lender, Borrower shall cooperate with Lender in obtaining possession of any Collateral, in those instances in which Lender chooses to perfect its Security Interest in such Collateral by possession in addition to the filing of a financing statement. At the request of Lender, Borrower shall cooperate with Lender in obtaining control with respect to Collateral consisting of Deposit Accounts, Financial Assets, including without limitation, Investment Property, Letter of Credit Rights, and Electronic Chattel Paper.

Appears in 5 contracts

Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.), Loan and Security Agreement (Visualant Inc), Loan and Security Agreement (Andalay Solar, Inc.)

AutoNDA by SimpleDocs

Control of Collateral. At the request of Lender, Borrower shall will cooperate with Lender in obtaining possession of any Collateralpossession, in those instances in which where Lender chooses to perfect its Security Interest in such Collateral security interest by possession in addition to the filing of a financing statement. At the request of Lender, Borrower shall will cooperate with Lender in obtaining control with respect to Collateral consisting of Deposit Accounts, Financial Assets, including without limitation, Investment Property, Letter of Credit Rights, and Electronic Chattel Paper.

Appears in 2 contracts

Samples: Loan and Security Agreement (Orange 21 Inc.), Loan and Security Agreement (Mendocino Brewing Co Inc)

AutoNDA by SimpleDocs

Control of Collateral. At the request of LenderLenders, Borrower shall cooperate with Lender Lenders in obtaining possession of any Collateral, in those instances in which Lender Lenders chooses to perfect its Security Interest in such Collateral by possession in addition to the filing of a financing statement. At the request of LenderLenders, Borrower shall cooperate with Lender Lenders in obtaining control with respect to Collateral consisting of Deposit Accounts, Financial Assets, including without limitation, Investment Property, Letter of Credit Rights, and Electronic Chattel Paper.

Appears in 1 contract

Samples: Loan and Security Agreement (T3 Motion, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!