Delivery of Instruments and Chattel Paper. If an Event of Default shall have occurred and be continuing and if any amount payable under or in connection with any of the Collateral owned by such Grantor shall be or become evidenced by any promissory note, other instrument or Chattel Paper, upon the request of the Administrative Agent, such promissory note, instrument or Chattel Paper shall be immediately delivered to the Administrative Agent, duly endorsed in a manner reasonably satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Evenflo Co Inc), Security Agreement (Evenflo & Spalding Holdings Corp), Security Agreement (Evenflo & Spalding Holdings Corp)
Delivery of Instruments and Chattel Paper. If an Event of Default shall have occurred and be continuing and if any amount payable under or in connection with any of the Collateral owned by such Grantor shall be or become evidenced by any promissory note, other instrument or Chattel Paperchattel paper, upon the request of the Administrative Collateral Agent, such promissory note, instrument or Chattel Paper shall chattel paper shall, to the extent not already delivered under another Loan Document, be immediately delivered to the Administrative Collateral Agent, duly endorsed in a manner reasonably satisfactory to the Administrative Collateral Agent, to be held as Collateral pursuant to this Agreement.
Appears in 3 contracts
Samples: Security Agreement (Graftech International LTD), Security Agreement (Graftech International LTD), Security Agreement (GrafTech Holdings Inc.)
