Common use of Delivery of Instruments, Certificated Securities and Chattel Paper Clause in Contracts

Delivery of Instruments, Certificated Securities and Chattel Paper. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument, Certificated Security or Chattel Paper, such Instrument, Certificated Security or Chattel Paper shall be promptly delivered to the Collateral Trustee, duly indorsed in a manner satisfactory to the Collateral Trustee, to be held as Collateral pursuant to this Agreement; provided that the Grantors shall not be obligated to deliver to the Collateral Trustee any Instruments or Chattel Paper held by any Grantor at any time to the extent that the aggregate face amount of all such Instruments and Chattel Paper held by all Grantors at such time does not exceed $500,000.

Delivery of Instruments, Certificated Securities and Chattel Paper. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument, Certificated Security or Chattel Paper, such Instrument, Certificated Security or Chattel Paper shall be promptly immediately delivered to the Collateral TrusteeAgent, duly indorsed in a manner satisfactory to the Collateral TrusteeAdministrative Agent, to be held as Collateral pursuant to this Agreement; provided provided, that the Grantors shall not be obligated to deliver to the Collateral Trustee Agent any Instruments or Chattel Paper held by any Grantor at any time to the extent that (a) the aggregate face amount of all such Instruments and Chattel Paper held by all Grantors at such time does not exceed $500,0005,000,000, and (b) the face amount of any individual Instrument or Chattel Paper held by such Grantor at such time does not exceed $1,000,000.

Delivery of Instruments, Certificated Securities and Chattel Paper. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument, Certificated Security or Chattel Paper, such Instrument, Certificated Security or Chattel Paper shall be promptly immediately delivered to the Collateral TrusteeAdministrative Agent, duly indorsed in a manner satisfactory to the Collateral TrusteeAdministrative Agent, to be held as Collateral pursuant to this Agreement; provided that the Grantors shall not be obligated to deliver to the Collateral Trustee Administrative Agent any Instruments or Chattel Paper held by any Grantor at any time to the extent that the aggregate face amount of all such Instruments Instruments, Certificated Securities and Chattel Paper held by all Grantors at such time does not exceed $500,000250,000.