Common use of Determination of Value; Collateral Eligibility; Definitions Clause in Contracts

Determination of Value; Collateral Eligibility; Definitions. Notwithstanding anything herein to the contrary, Collateral subject to assignment, pledge or other consent requirements of any third party, shall not be considered eligible for purposes of determining Debtor’s satisfaction of value requirements herein unless and until such required consent(s) shall have been furnished to Bank. In addition, the following apply for all purposes in determining Debtor’s satisfaction of the value requirements:

Appears in 2 contracts

Samples: Security Agreement (Pfenex Inc.), Security Agreement (Cancer Genetics, Inc)

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Determination of Value; Collateral Eligibility; Definitions. Notwithstanding anything herein to the contrary, Collateral subject to assignment, pledge or other similar consent requirements of any a third party, shall party is not be considered eligible for purposes of determining Debtor’s satisfaction of to satisfy value requirements herein unless and in this Agreement until such the required consent(s) shall have been consent is furnished to BankBank in writing. In addition, the following definitions apply for all purposes in determining Debtor’s 's satisfaction of the value requirements:

Appears in 1 contract

Samples: And Restated Security Agreement (Spine Injury Solutions, Inc)

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Determination of Value; Collateral Eligibility; Definitions. Notwithstanding anything herein to the contrary, Collateral subject to assignment, pledge or other consent requirements of any third party, shall not be considered eligible for purposes of determining DebtorOwner’s satisfaction of value requirements herein unless and until such required consent(s) shall have been furnished to Bank. In addition, the following apply for all purposes in determining DebtorOwner’s satisfaction of the value requirements:

Appears in 1 contract

Samples: Barrett Business Services Inc

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