Common use of Delivery of Receivables Clause in Contracts

Delivery of Receivables. Upon Lender's or Agent's request, upon the occurrence of an Event of Default, the Guarantors will, at any reasonable time and at Guarantor's own expense, physically deliver to Lender or Agent all Accounts assigned to Lender at any reasonable place or places designated by Lender or Agent. Failure to deliver any Account, or failure to deliver physical possession of any instruments, documents or writings in respect of any Account shall not invalidate Lender's Lien and security interest therein, except to the extent that possession may be required by applicable law for the perfection of said Lien or security interest, in which latter case, the Account shall be deemed to be held by Guarantors as the custodian agent of Lender, for the benefit of Lender. Failure of Lender or Agent to demand or require Guarantors to include any Account in any schedule, to execute any schedule, to assign and deliver any schedule or to deliver physical possession of any instruments, documents or writings related to any Account shall not relieve Guarantors of their duty so to do.

Delivery of Receivables. Upon Lender's or Agent's request, upon the occurrence and during the continuance of an Event of Default, the Guarantors Borrower will, at any reasonable time and at GuarantorBorrower's own expense, physically deliver to Lender or Agent Agent, all Accounts (including inter-company receivables) assigned to Lender Agent at any reasonable place or places designated by Lender or Agent. Failure to deliver any Account, or failure to deliver physical possession of any instruments, documents or writings in respect of any Account shall not invalidate LenderAgent's Lien and security interest therein, except to the extent that possession may be required by applicable law for the perfection of said Lien or security interest, in which latter case, the Account shall be deemed to be held by Guarantors the Borrower as the custodian agent of LenderAgent, for the benefit of Lender. Failure of Lender or Agent to demand or require Guarantors Borrower to include any Account in any schedule, to execute any schedule, to assign and deliver any schedule or to deliver physical possession of any instruments, documents or writings related to any Account shall not relieve Guarantors Borrower of their its duty so to do.

Delivery of Receivables. Upon Lender's Lenders' or Agent's request, upon the ----------------------- occurrence of an Event of Default, the Guarantors Borrower will, at any reasonable time and at GuarantorBorrower's own expense, physically deliver to Lender Lenders or Agent all Accounts assigned to Lender Lenders at any reasonable place or places designated by Lender Lenders or Agent. Failure to deliver any Account, or failure to deliver physical possession of any instruments, documents or writings in respect of any Account shall not invalidate Lender's Lenders' Lien and security interest therein, except to the extent that possession may be required by applicable law for the perfection of said Lien or security interest, in which latter case, the Account shall be deemed to be held by Guarantors the Borrower as the custodian agent of LenderLenders, for the benefit of LenderLenders. Failure of Lender Lenders or Agent to demand or require Guarantors Borrower to include any Account in any schedule, to execute any schedule, to assign and deliver any schedule or to deliver physical possession of any instruments, documents or writings related to any Account shall not relieve Guarantors Borrower of their its duty so to do.

Delivery of Receivables. Upon Lender's Lenders' or Agent's request, upon ----------------------- the occurrence of an Event of Default, the Guarantors Guarantor will, at any reasonable time and at Guarantor's own expense, physically deliver to Lender Lenders or Agent all Accounts assigned to Lender Lenders at any reasonable place or places designated by Lender Lenders or Agent. Failure to deliver any Account, or failure to deliver physical possession of any instruments, documents or writings in respect of any Account shall not invalidate Lender's Lenders' Lien and security interest therein, except to the extent that possession may be required by applicable law for the perfection of said Lien or security interest, in which latter case, the Account shall be deemed to be held by Guarantors the Guarantor as the custodian agent of LenderLenders, for the benefit of LenderLenders. Failure of Lender Lenders or Agent to demand or require Guarantors Guarantor to include any Account in any schedule, to execute any schedule, to assign and deliver any schedule or to deliver physical possession of any instruments, documents or writings related to any Account shall not relieve Guarantors Guarantor of their its duty so to do.

Delivery of Receivables. Upon Lender's Lenders' or Agent's request, upon the ----------------------- occurrence of an Event of Default, the Guarantors La-Man will, at any reasonable time and at GuarantorLa-Man's own expense, physically deliver to Lender Lenders or Agent all Accounts assigned to Lender Lenders at any reasonable place or places designated by Lender Lenders or Agent. Failure to deliver any Account, or failure to deliver physical possession of any instruments, documents or writings in respect of any Account shall not invalidate Lender's Lenders' Lien and security interest therein, except to the extent that possession may be required by applicable law for the perfection of said Lien or security interest, in which latter case, the Account shall be deemed to be held by Guarantors La-Man as the custodian agent of LenderLenders, for the benefit of LenderLenders. Failure of Lender Lenders or Agent to demand or require Guarantors La-Man to include any Account in any schedule, to execute any schedule, to assign and deliver any schedule or to deliver physical possession of any instruments, documents or writings related to any Account shall not relieve Guarantors La-Man of their its duty so to do.