Common use of Delivery of Instruments and Chattel Paper Clause in Contracts

Delivery of Instruments and Chattel Paper. If any amount payable under or in connection with any of such Grantor's Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Instrument or Chattel Paper shall be promptly delivered to the Administrative Agent, duly indorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement.

Appears in 4 contracts

Samples: Guarantee and Collateral Agreement (Day International Group Inc), Guarantee and Collateral Agreement (Telex Communications Inc), Guarantee and Collateral Agreement (Ev International Inc)

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Delivery of Instruments and Chattel Paper. If any amount ----------------------------------------- payable under or in connection with any of such Grantor's the Collateral owned by the Grantor shall be or become evidenced by any an Instrument or Chattel Paper, the Grantor shall immediately deliver such Instrument or Chattel Paper shall be promptly delivered to the Administrative AgentCollateral Trustee, duly indorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this AgreementTrustee.

Appears in 1 contract

Samples: Pledge and Security Agreement (Finova Group Inc)

Delivery of Instruments and Chattel Paper. If any amount payable under or in connection with any of such Grantor's Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Instrument or Chattel Paper shall be promptly delivered to the Administrative AgentAgent or the Co-Agents, as the case may be, duly indorsed in a manner satisfactory to to, the Administrative AgentAgent or the Co-Agents, as the case may be, to be held as Collateral pursuant to this Agreement.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Telex Communications Inc)

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Delivery of Instruments and Chattel Paper. If any amount payable under or in connection with any of such Grantor's Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Instrument (other than any Cash Equivalents that also constitute an Instrument) or Chattel Paper shall be promptly delivered to the Administrative Agent, duly indorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Global Decisions Group LLC)

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