Common use of Documents, Instruments, and Chattel Paper Clause in Contracts

Documents, Instruments, and Chattel Paper. (a) All documents, instruments, and Chattel Paper of each Grantor describing, evidencing, or constituting Collateral, and all signatures and endorsements thereon, are and will be complete, valid, and genuine in all material respects, and (b) all goods evidenced by such documents, instruments, and Chattel Paper are and will be owned by such Grantor free and clear of all Liens (subject to Permitted Liens). If any Grantor retains possession of any Chattel Paper or other instruments, at the Collateral Agent’s request upon an Event of Default, such Chattel Paper or instruments shall be marked with the following legend: “This writing and the obligations evidenced or served hereby are subject to the security interest of U.S. Bank National Association, as Collateral Agent, for the benefit of Collateral Agent and certain Secured Parties.”

Appears in 4 contracts

Samples: Collateral Agreement (Egalet Corp), Collateral Agreement (Quotient LTD), Collateral Agreement (Egalet Corp)

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Documents, Instruments, and Chattel Paper. (a) All documents, instruments, instruments and Chattel Paper of each Grantor describing, evidencing, evidencing or constituting Collateral, and all signatures and endorsements thereon, are and will be complete, valid, valid and genuine in all material respects, and (b) all . All goods evidenced by such documents, instruments, instruments and Chattel Paper are and will be owned by such Grantor free and clear of all Liens (subject to Permitted Liens). If any Grantor retains possession of any Chattel Paper or other instruments, at the Collateral Agent’s request upon an Event of Default, such Chattel Paper or instruments shall be marked with the following legend: “This writing and the obligations evidenced or served hereby are subject to the security interest of U.S. Bank National Association, as Collateral Agent, for the benefit of the Collateral Agent and certain Secured Partiesother secured parties.”

Appears in 2 contracts

Samples: Collateral Agreement (Aquestive Therapeutics, Inc.), Collateral Agreement (Vivus Inc)

Documents, Instruments, and Chattel Paper. (a) All documents, instrumentsInstruments, and Chattel Paper of each Grantor describing, evidencing, or constituting Collateral, and all signatures and endorsements thereon, are and will be complete, valid, and genuine in all material respects, and (b) all goods evidenced by such documents, instruments, and Chattel Paper are and will be owned by such Grantor free and clear of all Liens (subject to Permitted Liens). If any Grantor retains possession of any Chattel Paper or other instruments, at the Collateral Agent’s request upon an Event of Default, such Chattel Paper or instruments shall be marked with the following legend: “This writing and the obligations evidenced or served hereby are subject to the security interest of U.S. Bank Trust Company, National Association, as Collateral Agent, for the benefit of Collateral Agent and certain Secured Parties.”

Appears in 1 contract

Samples: Collateral Agreement (Quotient LTD)

Documents, Instruments, and Chattel Paper. (a) All documents, instruments, and Chattel Paper of each Grantor describing, evidencing, or constituting Collateral, and all signatures and endorsements thereon, are and will be complete, valid, and genuine in all material respects, and (b) all goods evidenced by such documents, instruments, and Chattel Paper are and will be owned by such Grantor free and clear of all Liens (subject to Permitted Liens). If any Grantor retains possession of any Chattel Paper or other instruments, at the Collateral Agent’s request upon an Event of Default, such Chattel Paper or instruments shall be marked with the following legend: “This writing and the obligations evidenced or served hereby are subject to the security interest of U.S. Bank National AssociationCantor Xxxxxxxxxx Securities, as Collateral Agent, for the benefit of Collateral Agent and certain Secured Parties.”

Appears in 1 contract

Samples: Collateral Agreement (Egalet Corp)

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Documents, Instruments, and Chattel Paper. (a) All documents, instruments, instruments and Chattel Paper of each Grantor describing, evidencing, evidencing or constituting Collateral, and all signatures and endorsements thereon, are and will be complete, valid, valid and genuine in all material respects, and (b) all . All goods evidenced by such documents, instruments, instruments and Chattel Paper are and will be owned by such Grantor free and clear of all Liens (subject to Permitted Liens). If any Grantor retains possession of any Chattel Paper or other instruments, at the Collateral Agent’s request upon after an Event of DefaultDefault has occurred and is continuing, such Chattel Paper or instruments shall be marked with the following legend: “This writing and the obligations evidenced or served hereby are subject to the security interest of U.S. Bank Trust Company, National Association, as Collateral Agent, for the benefit of the Collateral Agent and certain Secured Partiesother secured parties.”

Appears in 1 contract

Samples: Collateral Agreement (Aquestive Therapeutics, Inc.)

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