Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 11 contracts
Samples: Security Agreement (Diamond Resorts Parent, LLC), Credit Agreement (Sun Healthcare Group Inc), First Lien Credit Agreement (STR Holdings, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may beapplicable, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may beapplicable, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 6 contracts
Samples: Credit Agreement (United Surgical Partners International Inc), Guarantee and Collateral Agreement (United Surgical Partners International Inc), Credit Agreement (United Surgical Partners International Inc)
Electronic Chattel Paper and Transferable Records. If As of the date hereof no amount payable under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 6 contracts
Samples: Credit Agreement (Bluefly Inc), Security Agreement (Pacific Sunwear of California Inc), Security Agreement (Pacific Sunwear of California Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may request to vest in the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Collateral Agent) control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 6 contracts
Samples: Second Lien Guarantee and Collateral Agreement (STR Holdings LLC), Second Lien Credit Agreement (STR Holdings (New) LLC), Second Lien Guarantee and Collateral Agreement (STR Holdings (New) LLC)
Electronic Chattel Paper and Transferable Records. If any Grantor at amount payable under or in connection with any time holds or acquires an interest in of the Security Agreement Collateral shall be evidenced by any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, the Pledgor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor Pledgor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor Pledgor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Pledgor with respect to such Electronic Chattel Paper or transferable record.
Appears in 5 contracts
Samples: Credit Agreement (Herbalife Ltd.), Security Agreement (Herbalife Ltd.), Security Agreement (Herbalife Ltd.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 4 contracts
Samples: European Guarantee and Luxembourg Security Agreement (Graftech International LTD), Security Agreement (Graftech International LTD), Security Agreement (GrafTech Holdings Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “"transferable record”", as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable recordcontinuing.
Appears in 4 contracts
Samples: Guarantee and Collateral Agreement (Dex Media International Inc), Guarantee and Collateral Agreement (Dex Media Inc), Guarantee and Collateral Agreement (Dex Media West LLC)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “"transferable record”", as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 4 contracts
Samples: Guarantee and Collateral Agreement (Dennys Corp), Guarantee and Collateral Agreement (Dennys Corp), Guarantee and Collateral Agreement (Dennys Corp)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 4 contracts
Samples: Guarantee and Collateral Agreement (Dress Barn Inc), Guarantee and Collateral Agreement (Wilmar Holdings Inc), Guarantee and Collateral Agreement (Mac-Gray Corp)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may request to vest in the Collateral Administrative Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Administrative Agent agrees with such Grantor that the Collateral Administrative Agent will arrange, pursuant to procedures satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (Polypore International, Inc.), Guarantee and Collateral Agreement (Daramic, LLC), Guarantee and Collateral Agreement (Polypore International, Inc.)
Electronic Chattel Paper and Transferable Records. If Except as set forth on Schedule VII hereto, as of the date hereof no amount payable under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record, the Pledgor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor Pledgor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor Pledgor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Pledgor with respect to such Electronic Chattel Paper or transferable record.
Appears in 3 contracts
Samples: Security Agreement (Sportsman's Warehouse Holdings, Inc.), Security Agreement (Sportsman's Warehouse Holdings, Inc.), Security Agreement (Sportsmans Warehouse Holdings Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor the Company, now or at any time hereafter, holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 Sec.16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor the Company shall promptly notify the Collateral Agent thereof and, at the request and option of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control control, under New York UCC Section 9Sec.9-105 of the Uniform Commercial Code, of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 Sec.16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor the Company that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor Company to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9XXX Xxx.0-105 000 or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 Sec.16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor the Company with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 3 contracts
Samples: Security Agreement (PCD Inc), Security Agreement (PCD Inc), Security Agreement (PCD Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor at amount payable under or in connection with any time holds or acquires an interest in of the Pledged Collateral shall be evidenced by any Electronic Chattel Paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, the Pledgor acquiring such Grantor Electronic Chattel Paper or Transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor each Pledgor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor such Pledgor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor any Pledgor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 3 contracts
Samples: Security Agreement (Coinmach Corp), Security Agreement (Appliance Warehouse of America Inc), Security Agreement (Appliance Warehouse of America Inc)
Electronic Chattel Paper and Transferable Records. If As of the date hereof no amount payable under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record with an amount in excess of $500,000, individually, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 3 contracts
Samples: Term Loan Agreement (Safeway Stores 42, Inc.), Term Loan Agreement (Albertsons Companies, Inc.), Term Loan Agreement
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 3 contracts
Samples: Senior Secured Priming and Superpriority Debtor in Possession Credit Agreement (Fairway Group Holdings Corp), Credit Agreement (Fairway Group Holdings Corp), Credit Agreement (Fairway Group Holdings Corp)
Electronic Chattel Paper and Transferable Records. If As of the date hereof, no amount under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount in excess of $10,000 payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control of such Electronic Chattel Paper under New York UCC Section 9-105 of such Electronic Chattel Paper the UCC or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will use its reasonable efforts to arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (ARC Group Worldwide, Inc.), Guarantee and Collateral Agreement (ARC Group Worldwide, Inc.), Guarantee and Collateral Agreement
Electronic Chattel Paper and Transferable Records. If any Grantor Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall Borrower will promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender, shall will take such action as the Collateral Agent Lender may reasonably request to vest control in the Collateral Agent control Lender, under New York UCC Section 9-105 of the Uniform Commercial Code, of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor Borrower that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral AgentLender’s loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Borrower with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 3 contracts
Samples: Security Agreement (Advanced BioEnergy, LLC), Security Agreement (Great Plains Ethanol LLC), Security Agreement (Golden Grain Energy)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, . pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, . for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 3 contracts
Samples: Security Agreement (HC Innovations, Inc.), Security Agreement (HC Innovations, Inc.), Security Agreement (HC Innovations, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest interest, in an amount in excess of $5,000,000 individually (or $15,000,000 in the aggregate, for all such amounts that are $5,000,000 or less) in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent Trustee thereof and, at the request of the Collateral AgentTrustee, shall take such action as the Collateral Agent Trustee may reasonably request to vest in the Collateral Agent Trustee control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Trustee agrees with such Grantor that the Collateral Agent Trustee will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent Trustee and so long as such procedures will not result in the Collateral AgentTrustee’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (Dynegy Inc.), Guarantee and Collateral Agreement (Dynegy Inc.), Guarantee and Collateral Agreement (Dynegy Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 3 contracts
Samples: Credit Agreement (Fleetcor Technologies Inc), Guarantee and Collateral Agreement (Mac-Gray Corp), Guarantee and Collateral Agreement (Interline Brands, Inc./De)
Electronic Chattel Paper and Transferable Records. If any Grantor the Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor the Borrower shall promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender, shall take such action as the Collateral Agent Lender may reasonably request to vest in the Collateral Agent Lender control under New York UCC Section 9-105 of the UCC of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor the Borrower that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral AgentLender’s loss of controlsuch control under Section 9-105 of the UCC, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor the Borrower with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 3 contracts
Samples: Loan and Security Agreement (Flux Power Holdings, Inc.), Loan and Security Agreement (Polar Power, Inc.), Loan and Security Agreement (Chromcraft Revington Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may reasonably request to vest in the Collateral Administrative Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Administrative Agent agrees with such Grantor that the Collateral Administrative Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (CCE Spinco, Inc.), Guarantee and Collateral Agreement (Symmetry Holdings Inc), Guarantee and Collateral Agreement (Live Nation, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at amount, individually or in the aggregate, in excess of $100,000 or payable under or in connection with any time holds or acquires an interest in of the Pledged Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction), the Pledgor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly (and in any event within 10 days of the acquisition thereof) notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor Pledgor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor Pledgor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Pledgor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Security Agreement (Biglari Holdings Inc.), Security Agreement (Biglari Holdings Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, which has a value, individually or in the aggregate, exceeding $1,000,000, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and subject to the terms and provisions of the Intercreditor Agreement, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper such electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 2 contracts
Samples: Collateral Agreement (International Wire Rome Operations, Inc.), Collateral Agreement (International Wire Group Inc)
Electronic Chattel Paper and Transferable Records. If As of the date hereof no amount payable under or in connection with any Grantor at any time holds or acquires an interest in of the Pledged Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount payable under or in connection with any of the Pledged Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record with a face value in excess of $2,000,000 individually, the Pledgor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor Pledgor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor such Pledgor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Pledgor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Security Agreement (Foot Locker Inc), Security Agreement (Foot Locker Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may request to vest in the Collateral Agent control under New York UCC Section 9-105 9‑105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 9‑105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Terex Corp), Security Agreement (Diamond Resorts International, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor the Borrower at any time holds or acquires an interest in any Electronic Chattel Paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdictionjurisdiction applicable to the Borrower, such Grantor the Borrower shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may reasonably request to vest in the Collateral Administrative Agent control under New York UCC Section 9-105 of the Uniform Commercial Code of such Electronic Chattel Paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Administrative Agent agrees with such Grantor the Borrower that the Collateral Administrative Agent will arrange, pursuant to procedures satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s 's loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Transaction Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor the Borrower with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 2 contracts
Samples: Security Agreement (Gamestop Corp), Security Agreement (Gamestop Corp)
Electronic Chattel Paper and Transferable Records. If As of the date hereof no amount payable under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record having a value in excess of $1,000,000, individually, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Security Agreement (FDO Holdings, Inc.), Security Agreement (FDO Holdings, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the U.S. Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, with a value in excess of $1,000,000, such Grantor shall promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender and subject to the terms of the Intercreditor Agreement, shall take such action as the Collateral Agent Lender may request (which shall be consistent with that taken in connection with the Credit Agreement ) to vest in the Collateral Agent Lender control under New York UCC Section 9-105 of the UCC of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory substantially similar to those utilized by the First Lien Administrative Agent pursuant to the Collateral Agent Credit Agreement and so long as such procedures will not result in the Collateral AgentLender’s loss of control, for the such Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the U.S. Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 2 contracts
Samples: Security Agreement (Epl Oil & Gas, Inc.), Security Agreement (Energy XXI LTD)
Electronic Chattel Paper and Transferable Records. If any Grantor at amount individually or in the aggregate in excess of $100,000 payable under or in connection with any time holds or acquires an interest in of the Collateral shall be evidenced by any Electronic Chattel Paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof andand shall, at the request of on an annual basis (unless earlier requested by the Collateral Agent), shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Security Agreement (Consolidated Communications Texas Holdings, Inc.), Security Agreement (Consolidated Communications Illinois Holdings, Inc.)
Electronic Chattel Paper and Transferable Records. If As of the date hereof, no amount in excess of $3,000,000 payable under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount in excess of $3,000,000 payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control Control under New York UCC Section 9-105 9‑105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of controlControl, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 9‑105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of controlControl, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Credit Agreement (Barnes & Noble Inc), Credit Agreement (Barnes & Noble Education, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may reasonably request to vest in the Collateral Administrative Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Administrative Agent agrees with such Grantor that the Collateral Administrative Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Credit Agreement (Shutterfly Inc), Credit Agreement (Netscout Systems Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor the Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor the Borrower shall promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender, shall take such action as the Collateral Agent Lender may reasonably request to vest in the Collateral Agent Lender control under New York UCC Section 9-105 of the UCC of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor the Borrower that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral AgentLender’s loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (REX AMERICAN RESOURCES Corp), Letter of Credit Application, Reimbursement and Security Agreement (Millennium Ethanol, LLC)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section §16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section §9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section §16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section §9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 Xxx xx §00 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 2 contracts
Samples: Credit Agreement (Trimas Corp), Credit Agreement (Trimas Corp)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record; provided that, notwithstanding the foregoing, this sentence shall not apply to any electronic chattel paper or other “transferable record” evidencing an amount not in excess of $50,000 on an individual basis or $1,000,000 on an aggregate basis. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Hawaiian Telcom Communications, Inc.), Guarantee and Collateral Agreement (Hawaiian Telcom Communications, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor the Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor the Borrower shall promptly notify the Collateral Agent Bank thereof and, at the request of the Collateral AgentBank, shall take such action as the Collateral Agent Bank may reasonably request to vest in the Collateral Agent control Bank control, under New York UCC Section 9-105 of the Uniform Commercial Code, of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Bank agrees with such Grantor the Borrower that the Collateral Agent Bank will arrange, pursuant to procedures satisfactory to the Collateral Agent Bank and so long as such procedures will not result in the Collateral AgentBank’s loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor the Borrower with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 2 contracts
Samples: Security Agreement (XCel Brands, Inc.), Security Agreement (XCel Brands, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”” with a principal amount in excess $250,000, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Rentech Inc /Co/), Guarantee and Collateral Agreement (Rentech Inc /Co/)
Electronic Chattel Paper and Transferable Records. If any Grantor at amount individually or in the aggregate in excess of $500,000 payable under or in connection with any time holds or acquires an interest in of the Collateral shall be evidenced by any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, the Grantor acquiring such Grantor shall promptly Electronic Chattel Paper or transferable record shall, on each date on which financial statements are required to be delivered under Section 5.01(a) or (b) of the Credit Agreement, notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall and take such action as the Collateral Agent may reasonably request in writing to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees ; provided, that, if any amount individually or in the aggregate in excess of $1,000,000 payable under or in connection with such Grantor that any of the Collateral Agent will arrangeshall be evidenced by any Electronic Chattel Paper or any “transferable record,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, pursuant to procedures satisfactory to or in Section 16 of the Collateral Agent and so long Uniform Electronic Transactions Act as such procedures will not result in the Collateral Agent’s loss of controleffect in any relevant jurisdiction, for the Grantor to make alterations to the acquiring such Electronic Chattel Paper or transferable record permitted shall promptly notify the Collateral Agent and take such action as the Collateral Agent may reasonably request in writing to vest in the Collateral Agent control under UCC Section 9-105 or, as the case may be, of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or or, as the case may be, Section 16 of the Uniform Electronic Transactions Act for a party Act, as so in control to allow without loss effect in such jurisdiction, of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Security Agreement (Solutia Inc), Security Agreement (Solutia Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Credit Agreement (Cactus, Inc.), Credit Agreement (Cactus, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Collateral Agreement (Level 3 Communications Inc), Guarantee and Collateral Agreement (Marathon Power Technologies Co)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in an amount in excess of $1,000,000 individually or $5,000,000 in the aggregate in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent or, prior to the Discharge of First Lien Obligations, to the First Lien Collateral Agent, as gratuitous bailee, control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Hawkeye Holdings, Inc.), First Lien Credit Agreement (Hawkeye Holdings, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at amount, individually or in the aggregate, in excess of $100,000 or payable under or in connection with any time holds or acquires an interest in of the Pledged Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction), the Pledgor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly (and in any event within 10 days of the acquisition thereof) notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of the UCC of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor Pledgor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor Pledgor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Pledgor with respect to such Electronic Chattel Paper or transferable record.
Appears in 2 contracts
Samples: Security Agreement (BioScrip, Inc.), Security Agreement (BioScrip, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in excess of $1,000,000 in any Electronic Chattel Paper or any “transferable record”, ” as that such term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. §7001, et. seq., or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdictionjurisdiction applicable to such Grantor, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal UCC, the Electronic Signatures in Global and National Commerce Act orAct, as the case may be, Section 16 of or the Uniform Electronic Transactions Act, as so in effect in such jurisdictionthe case may be, of such transferable record. The Collateral Agent agrees with such each Grantor that so long as no Event of Default has occurred and is continuing or would occur after taking into account the following, the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of controlcontrol under the UCC, the Electronic Signatures in Global and National Commerce Act, or the Uniform Electronic Transactions Act, as the case may be, for the such Grantor to make such necessary alterations to the Electronic Chattel Paper or transferable record as are permitted under UCC Section 9-105 orthe UCC, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act Act, or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of controlAct, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable recordas the case may be.
Appears in 2 contracts
Samples: Security Agreement (Gamestop Corp), Security Agreement (GameStop Corp.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section § 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section §9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section §16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section §9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 Xxx xx §00 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 2 contracts
Samples: Security Agreement (Advance Auto Parts Inc), Security Agreement (Advance Auto Parts Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor the Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor the Borrower shall promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender, shall take such action as the Collateral Agent Lender may reasonably request to vest in the Collateral Agent Lender control under New York UCC Section 9-105 of the UCC of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor the Borrower that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral Agent’s Lender ‘s loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred . All capitalized words and is continuing or would occur after taking into account any action by such Grantor with respect phrases used in this Section 4 and not otherwise specifically defined in this Agreement shall have the respective meanings assigned to such Electronic Chattel Paper terms in the UCC, to the extent the same are used or transferable recorddefined therein.
Appears in 2 contracts
Samples: Loan and Security Agreement (ARC Group, Inc.), Loan and Security Agreement (ARC Group, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term teats is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor Borrower shall promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender, shall take such action as the Collateral Agent Lender may reasonably request to vest in the Collateral Agent control Lender control, under New York UCC Section 9-105 of the Uniform Commercial Code, of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor Borrower that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral Agent’s Lender's loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Borrower with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the U.S. Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, with a value in excess of $1,000,000, such Grantor shall promptly notify the Collateral Agent Trustee thereof and, at the request of the Collateral AgentTrustee, shall take such action as the Collateral Agent Trustee may reasonably request to vest in the Collateral Agent Trustee control under New York UCC Section 9-105 of the UCC of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Trustee agrees with such Grantor that the Collateral Agent Trustee will arrange, pursuant to procedures satisfactory to the Collateral Agent Trustee and so long as such procedures will not result in the Collateral AgentTrustee’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the U.S. Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may request to vest in the Collateral Agent control under New York UCC Section 9-105 9‑105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 9‑105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the U.S. Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, with a value in excess of $1,000,000, such Grantor shall promptly notify the Collateral Agent Trustee thereof and, at the request of the Collateral AgentTrustee and subject to the terms of the Intercreditor Agreement, shall take such action as the Collateral Agent Trustee may request to vest in the Collateral Agent Trustee control under New York UCC Section 9-105 of the UCC of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Trustee agrees with such Grantor the Grantors that the Collateral Agent Trustee will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent Trustee and so long as such procedures will not result in the Collateral AgentTrustee’s loss of control, for the each Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the U.S. Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Samples: Security Agreement (Energy XXI LTD)
Electronic Chattel Paper and Transferable Records. If any Grantor Borrower at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor Borrower shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor Borrower that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper or transferable record permitted under New York UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Borrower with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act Act, as in effect in any relevant jurisdictionjurisdiction in an amount equal to or greater than $2.5 million, such Grantor shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may reasonably request to vest in the Collateral Administrative Agent control under New York the UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Administrative Agent agrees with such Grantor that the Collateral Administrative Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under the UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires acquires, following the occurrence and during the continuation of an Event of Default, an interest in any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the U.S. Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, with a value in excess of $250,000, such Grantor shall promptly notify the U.S. Collateral Agent thereof and, at the request of the U.S. Collateral Agent, shall take such action as the U.S. Collateral Agent may reasonably request to vest in the U.S. Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The U.S. Collateral Agent agrees with such Grantor that the U.S. Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the U.S. Collateral Agent and so long as such procedures will not result in the U.S. Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the U.S. Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Samples: u.s. Guarantee and Collateral Agreement (Sensus Metering Systems Inc)
Electronic Chattel Paper and Transferable Records. If As of the date hereof no amount payable under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction) with a face value in excess of $1,000,000. If any amount payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record with a face value in excess of $1,000,000, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at upon the request occurrence and during the continuance of the Collateral Agentan Event of Default, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Samples: Security Agreement (Five Below, Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record; provided that this requirement shall not apply to any such interests in electronic chattel paper or transferable records which, in the aggregate, have a value of $1,000,000 or less. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow alterations without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Samples: Collateral and Guarantee Agreement (Healthsouth Corp)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, with a value in excess of $500,000, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Intercreditor Agent pursuant to any Senior Collateral AgentDocument, shall take such action as the Collateral Intercreditor Agent may reasonably request pursuant to any Senior Collateral Document, to vest in the Intercreditor Agent (or, after the Discharge of First-Priority Lien Obligations, the Collateral Agent Agent) control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may beapplicable, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Intercreditor Agent will arrange, pursuant to procedures reasonably satisfactory to the Intercreditor Agent pursuant to any Senior Collateral Agent Document and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may beapplicable, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If As of the date hereof, no amount in excess of $3,000,000, individually or in the aggregate, payable under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount in excess of $3,000,000, individually or in the aggregate, payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control Control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of controlControl, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of controlControl, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor Debtor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor Debtor shall promptly notify the Collateral Agent thereof and, at the request and option of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control control, under New York UCC Section 9-105 9a-105 of the Uniform Commercial Code, of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor Debtor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor Debtor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 9a-105 of the Uniform Commercial Code or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Debtor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any Grantor at -------------------------------------------------- any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section ` 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section `9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section `16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section `9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section `16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, ,. such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may beapplicable, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may beapplicable, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any Grantor at amount individually or in the aggregate in excess of $5,000,000 payable under or in connection with any time holds or acquires an interest in of the Collateral shall be evidenced by any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor the Grantors that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under New York UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Actionable Default has occurred and is continuing or would occur after taking into account any action by such either Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Samples: Security and Pledge Agreement (ICO Global Communications (Holdings) LTD)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, "Transferable Record" as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may request to vest in the Collateral Administrative Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Administrative Agent agrees with such Grantor that the Collateral Administrative Agent will arrange, pursuant to procedures satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper With respect to all electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor now or hereafter acquired by or arising in favor of the Issuer, the Issuer shall promptly notify the Collateral Agent Trustee thereof and, at the request of the Collateral AgentTrustee, shall take such action as the Collateral Agent Trustee may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 Trustee "control" (as defined in the UCC) of such Electronic Chattel Paper electronic chattel paper or control "control" under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Trustee agrees with such Grantor that the Collateral Agent Trustee will arrange, pursuant to procedures satisfactory to the Collateral Agent Trustee and so long as such procedures will not result in the Collateral Agent’s Trustee's loss of control, for the Grantor Issuer to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under the UCC Section 9-105 or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor the Issuer with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
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Samples: Assignment and Security Agreement (Cedar Brakes Ii LLC)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may reasonably request to vest in the Collateral Administrative Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. At any time that no Event of Default has occurred and is continuing the Administrative Agent shall not deliver any such written request with respect to Electronic Chattel Paper or “transferable” records of a single obligor and its Affiliates with an aggregate stated amount not exceeding $1,000,000. The Collateral Administrative Agent agrees with such Grantor that the Collateral Administrative Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable recordcontinuing.
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Electronic Chattel Paper and Transferable Records. If any Grantor at amount, individually or in the aggregate, in excess of $3,000,000 or payable under or in connection with any time holds or acquires an interest in of the Pledged Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction), the Pledgor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly (and in any event within 30 days of the acquisition thereof) notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may request use commercially efforts to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor Pledgor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent (or if and so long as a Senior Credit Facility is in effect, similar to those agreed with the Senior Credit Facility Agent and so long as such procedures will not result in the Collateral Agent’s loss of control), for the Grantor Pledgor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Pledgor with respect to such Electronic Chattel Paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control of such electronic chattel paper under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under NY UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Boise Cascade Holdings, L.L.C.)
Electronic Chattel Paper and Transferable Records. If any Grantor the Company at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor the Company shall promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender, shall take such action as the Collateral Agent Lender may reasonably request to vest in the Collateral Agent control Lender control, under New York UCC Section 99.1-105 of the Uniform Commercial Code, of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdictionJurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor the Company that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral Agent’s Lender's loss of control, for the Grantor Company to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 99.1-105 or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor the Company with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Samples: Security Agreement (Cohesant Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor Pledgor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor Pledgor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor Pledgor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor Pledgor to make alterations to the Electronic Chattel Paper or transferable record permitted under New York UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Pledgor with respect to such Electronic Chattel Paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any -------------------------------------------------- Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Actionable Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Wki Holding Co Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, in each case to the extent that the aggregate value or face amount of such electronic Chattel Paper equals or exceeds $500,000, such Grantor shall promptly notify the Collateral Agent thereof concurrently with the delivery of the financial statements referred to in paragraphs (a) or (b) of Section 5.04 of the Credit Agreement that are next due and, at the written request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request in writing to vest in the Collateral Agent control under New York UCC Section 9-9 105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under New York UCC Section 9-9 105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would immediately occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Samples: Credit Agreement (Blackline, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 9‑105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If As of the date hereof no amount payable under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record with an amount in excess of $500,000, individually, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Samples: Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor a Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor Borrower shall promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender, shall take such action as the Collateral Agent Lender may reasonably request to vest in the Collateral Agent Lender control under New York UCC Section 9-105 of the UCC of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor the Borrowers that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral AgentLender’s loss of control, for the Grantor Borrowers to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, in either case that have a value, individually, in excess of $500,000 or, in the aggregate for all Grantors, in excess of $2,000,000 (but only to the extent of such excess) such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Samples: Collateral and Guaranty Agreement (Salt Holdings Corp)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record; provided that, notwithstanding the foregoing, this sentence shall not apply to any electronic chattel paper or other "transferable record" evidencing an amount not in excess of $50,000 on an individual basis or $250,000 on an aggregate basis. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under New York UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Hawaiian Telcom Holdco, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor at amount individually in excess of $500,000 or in the aggregate in excess of $2,000,000, payable under or in connection with any time holds or acquires an interest in of the Collateral shall be evidenced by any Electronic Chattel Paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may request is necessary to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, at the written request of such Grantor and pursuant to procedures satisfactory analogous to the Collateral Agent procedures being used pursuant to the Credit Facility Security Agreement (or, if the Discharge of Credit Agreement Obligations has occurred, procedures determined by such Grantor to be necessary) and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 S16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor the Borrower shall promptly notify the Collateral Agent Lender thereof and, at the request and option of the Collateral AgentLender, shall take such action as the Collateral Agent Lender may reasonably request to vest in the Collateral Agent control Lender control, under New York UCC Section 9S9-105 of the Code, of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 S16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor the Borrower that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral Agent’s Lender's loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9S9-105 of the Code or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 S16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of a Default has occurred and is continuing or would occur after taking into account any action by such Grantor the Borrower with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Samples: Commercial Loan and Security Agreement (Trans Lux Corp)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction), such Grantor shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may request to vest in the Collateral Administrative Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Administrative Agent agrees with such Grantor that the Collateral Administrative Agent will arrange, pursuant to procedures satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Samples: Credit Agreement (Knoll Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor Borrower shall promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender, shall take such action as the Collateral Agent Lender may reasonably request to vest in the Collateral Agent control Lender control, under New York UCC Section 9-105 of the Uniform Commercial Code, of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor Borrower that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral AgentLender’s loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Borrower with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may reasonably request to vest in the Collateral Administrative Agent control under New York UCC U.C.C. Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Administrative Agent agrees with such Grantor that the Collateral Administrative Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow alterations without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the U.S. Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, with a value in excess of $250,000, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of a Senior Collateral Agent (or, after the Discharge of Senior Obligations, the Collateral Agent), shall take such action as such Senior Collateral Agent (or, after the Discharge of Senior Obligations, the Collateral Agent Agent) may request to vest in such Senior Collateral Agent (or, after the Discharge of Senior Obligations, the Collateral Agent Agent) control (for the ratable benefit of Secured Parties) under New York UCC Section 9-105 of the UCC of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with each Grantor that, if such Grantor that control has been vested in it, the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the such Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the U.S. Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Samples: Junior Lien Pledge and Security Agreement (Flotek Industries Inc/Cn/)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow alterations without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Medley Management Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall Borrower will promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender, shall will take such action as the Collateral Agent Lender may reasonably request to vest control in the Collateral Agent control Lender, under New York UCC Section 9-105 of the Uniform Commercial Code, of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor Borrower that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral Agent’s Lender's loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Borrower with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If As of the date hereof no amount payable under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 9‑105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 9‑105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Samples: Security Agreement (Pacific Sunwear of California Inc)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record; provided that this requirement shall not apply to any such interests in electronic chattel paper or transferable records which have an individual value of $100,000 or less or which, in the aggregate, have a value of $1,000,000 or less. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow alterations without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Samples: Collateral and Guarantee Agreement (Healthsouth Corp)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent Senior Representative (as defined in the Intercreditor Agreement) control under New York UCC Section 9-105 9‑105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record; provided, however, that the Grantors shall not be required to comply with this Section 4.04(d) unless and until such time as the aggregate fair value of all such Electronic Chattel Paper and “transferable records” held by them, taken together, equals or exceeds $5,000,000. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral AgentSenior Representative’s (as defined in the Intercreditor Agreement) loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 9‑105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Samples: Revolving Facility Guarantee and Collateral Agreement (Houghton Mifflin Harcourt Co)
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, in each case constituting Collateral, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor Loan Party at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor Loan Party shall promptly notify the Collateral Agent Lender thereof and, at the request of the Collateral AgentLender, shall take such action as the Collateral Agent Lender may reasonably request to vest in the Collateral Agent Lender control under New York UCC Section 9-105 of the UCC of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor the Loan Parties that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral AgentLender’s loss of controlsuch control under Section 9-105 of the UCC, for the Grantor applicable Loan Party to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 of the UCC or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor the applicable Loan Party with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdictionjurisdiction (other than Excluded Property), other than up to $25,000,000 in aggregate value for all such electronic chattel paper or transferable records, such Grantor shall, before the later of (i) the date that is thirty days after acquiring such investment property and (ii) the next Quarterly Compliance Date, shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall promptly take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record, in each case in excess of such threshold. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow alterations without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Samples: Collateral and Guarantee Agreement (Encompass Health Corp)
Electronic Chattel Paper and Transferable Records. If any Grantor the Borrower at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section § 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section § 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor the Borrower shall promptly notify the Collateral Agent Lender thereof and, at the request and option of the Collateral AgentLender, shall take such action as the Collateral Agent Lender may reasonably request to vest in the Collateral Agent control Lender control, under New York UCC Section § 9-105 of the Code, of such Electronic Chattel Paper electronic chattel paper or control under Section § 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section § 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent Lender agrees with such Grantor the Borrower that the Collateral Agent Lender will arrange, pursuant to procedures satisfactory to the Collateral Agent Lender and so long as such procedures will not result in the Collateral AgentLender’s loss of control, for the Grantor Borrower to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section § 9-105 or, as the case may be, Section § 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section § 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor the Borrower with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any U.S. Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction) with a value in excess of $3,000,000 (or such greater amount as may be reasonably approved, and notified to Holdings, by the Applicable Authorized Representative) such U.S. Grantor shall promptly notify the Collateral Agent and the Applicable Authorized Representative thereof and, at the request of the Collateral AgentAgent (acting at the written direction of the Applicable Authorized Representative), shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of the New York UCC of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such U.S. Grantor that the Collateral Agent (acting at the written direction of the Applicable Authorized Representative) will arrange, pursuant to procedures satisfactory to the Collateral Agent Applicable Authorized Representative and so long as such procedures will not result in the Collateral Agent’s loss of control, for the U.S. Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 of the New York UCC or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such U.S. Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor the Company, now or at any time hereafter, holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor the Company shall promptly notify the Collateral Agent RACC thereof and, at the request and option of the Collateral AgentRACC, shall take such action as the Collateral Agent RACC may reasonably request to vest in the Collateral Agent control RACC control, under New York UCC Section 9-105 of the Uniform Commercial Code, of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent RACC agrees with such Grantor the Company that the Collateral Agent RACC will arrange, pursuant to procedures satisfactory to the Collateral Agent RACC and so long as such procedures will not result in the Collateral Agent’s RACC's loss of control, for the Grantor Company to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor the Company with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If As of the date hereof no amount payable under or in connection with any Grantor at any time holds or acquires an interest in of the Collateral is evidenced by any Electronic Chattel Paper or any “transferable record”, ” (as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction). If any amount payable under or in connection with any of the Collateral shall be evidenced by any Electronic Chattel Paper or any transferable record having a value in excess of $250,000, individually or in the aggregate, the Grantor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, and shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
Appears in 1 contract
Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “transferable record”, ,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Credit Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Credit Agent and so long as such procedures will not result in the Collateral Credit Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper such electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “"transferable record”", as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable record.
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Samples: Guarantee, Collateral and Intercreditor Agreement (Network Communications, Inc.)
Electronic Chattel Paper and Transferable Records. If any ------------------------------------------------- Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, in either case that have a value, individually, in excess of $500,000 or, in the aggregate for all Grantors, in excess of $2,000,000 (but only to the extent of such excess) such Grantor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or acquires an interest in any Electronic Chattel Paper or any “transferable record”, as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may reasonably request to vest in the Collateral Administrative Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. At any time that no Event of Default has occurred and is continuing the Administrative Agent shall not deliver any such written request with respect to Electronic Chattel Paper or “transferable” records of a single obligor and its Affiliates. The Collateral Administrative Agent agrees with such Grantor that the Collateral Administrative Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper or transferable recordcontinuing.
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Samples: Credit Agreement (HFF, Inc.)
Electronic Chattel Paper and Transferable Records. If any Grantor the Company, now or at any time hereafter, holds or acquires an interest in any Electronic Chattel Paper Collateral consisting of electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor the Company shall promptly notify the Collateral Agent thereof and, at the request and option of the Collateral Agent, shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent control control, under New York UCC Section 9-105 of the Uniform Commercial Code in effect in such Electronic Chattel Paper jurisdiction, of such electronic chattel paper or control under Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor the Company that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor Company to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 of the Uniform Commercial Code or, as the case may be, Section 201 of the Federal federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow make without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor the Company with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any Grantor at amount payable under or in connection with any time holds or acquires an interest in of the Security Agreement Collateral shall be evidenced by any Electronic Chattel Paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, the Pledgor acquiring such Grantor Electronic Chattel Paper or transferable record shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, shall take such action as the Collateral Agent may request to vest in the Collateral Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor Pledgor that the Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s 's loss of control, for the Grantor Pledgor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or of Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor Pledgor with respect to such Electronic Chattel Paper or transferable record.
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Electronic Chattel Paper and Transferable Records. If any ------------------------------------------------- Grantor at any time holds or acquires an interest in any Electronic Chattel Paper electronic chattel paper or any “"transferable record”, ," as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the Collateral Administrative Agent thereof and, at the request of the Collateral Administrative Agent, shall take such action as the Collateral Administrative Agent may reasonably request to vest in the Collateral Administrative Agent control under New York UCC Section 9-105 of such Electronic Chattel Paper electronic chattel paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Administrative Agent agrees with such Grantor that the Collateral Administrative Agent will arrange, pursuant to procedures satisfactory to the Collateral Administrative Agent and so long as such procedures will not result in the Collateral Administrative Agent’s 's loss of control, for the Grantor to make alterations to the Electronic Chattel Paper electronic chattel paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic Chattel Paper electronic chattel paper or transferable record.
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Samples: Credit Agreement (Armkel LLC)