Common use of Delivery of Collateral if Ever Represented by Certificates Clause in Contracts

Delivery of Collateral if Ever Represented by Certificates. If the Partnership Interest is ever represented by a certificate of interest or any similar document, the Borrower will immediately deliver such certificate or document to the Lender or to an agent that Lender and all other holders of security interests in Borrower's Partnership Interest have agreed shall hold the certificate or document on their behalf.

Appears in 5 contracts

Samples: Security Agreement (XCL LTD), Security Agreement (XCL LTD), Security Agreement (XCL LTD)

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Delivery of Collateral if Ever Represented by Certificates. If the Partnership Interest is ever represented by a certificate of interest or any similar document, the Borrower will immediately deliver such certificate or document to the Lender or to an agent that Lender and all other holders of security interests in BorrowerGrantor's Partnership Interest have agreed shall hold the certificate or document on their behalf.

Appears in 5 contracts

Samples: Security Agreement (XCL LTD), Security Agreement (XCL LTD), Security Agreement (XCL LTD)

Delivery of Collateral if Ever Represented by Certificates. If the Partnership Interest is ever represented by a certificate of interest or any similar document, the Borrower Grantor will immediately deliver such certificate or document to the Lender or to an agent that Lender and all other holders of security interests in Borrower's Partnership Interest have agreed shall hold the certificate or document on their behalfLender.

Appears in 1 contract

Samples: Security Agreement (XCL LTD)

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Delivery of Collateral if Ever Represented by Certificates. If the Partnership Interest is ever represented by a certificate of interest or any similar document, the Borrower will immediately deliver such certificate or document to the Lender or to an agent that Lender and all other holders of security interests in Borrower's Partnership Interest have agreed shall hold the certificate or document on their behalfLender.

Appears in 1 contract

Samples: Security Agreement (XCL LTD)

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