Convertible Collateral. Secured Party may present for conversion any Collateral which is convertible into any other instrument or investment security or a combination thereof with cash, but Secured Party shall not have any duty to present for conversion any Collateral unless it shall have received from Debtor detailed written instructions to that effect at a time reasonably far in advance of the final conversion date to make such conversion possible.
Appears in 8 contracts
Samples: Security Agreement (Fountain Powerboat Industries Inc), Security Agreement (Axis Technologies Group Inc), Assignment and Security Agreement (Prime Medical Services Inc /Tx/)
Convertible Collateral. Secured Party Parties may present for conversion ---------------------- any Collateral which is convertible into any other instrument or investment security property or a combination thereof with cash, but Secured Party Parties shall not have any duty to present for conversion any Collateral unless it shall have received from Debtor detailed written instructions to that effect at a time reasonably far in advance of the final conversion date to make such conversion possible.
Appears in 1 contract
Samples: Security Agreement (Data Race Inc)
Convertible Collateral. Secured Party may present for conversion any Collateral which is convertible into any other instrument or investment security or a combination thereof with cash, but Secured Party shall not have any duty to present for conversion any Collateral unless it shall have received from Debtor Borrower detailed written instructions to that effect at a time reasonably far in advance of the final conversion date to make such conversion possible.
Appears in 1 contract
Samples: Southern First Bancshares Inc
Convertible Collateral. Secured Party may present for conversion any Collateral which is convertible into any other instrument or investment security or a combination thereof with cash, but Secured Party shall not have any duty to present for conversion any Collateral unless it shall have received from Debtor detailed written instructions to that effect at a time reasonably far in advance of the final conversion date to make such conversion possible.but
Appears in 1 contract
Samples: Assignment and Security Agreement (Exsorbet Industries Inc)
Convertible Collateral. Secured Party may present for conversion any Collateral which is convertible into any other instrument or investment security or a combination thereof with cash, but Secured Party shall not have any duty to present for conversion any Collateral unless it shall have received from Debtor detailed written instructions to that effect at a time reasonably far in advance of the final conversion date to make such conversion possible.. ----------------------
Appears in 1 contract
Samples: Contribution Agreement (Prime Medical Services Inc /Tx/)
