Common use of Electronic Chattel Paper and Transferable Records Clause in Contracts

Electronic Chattel Paper and Transferable Records. If the Debtor 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 jurisdiction applicable to the Debtor, the Debtor shall promptly notify the Secured Party thereof and, at the request of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control under Section 9-105 of the Uniform Commercial Code 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, of such transferable record.

Appears in 5 contracts

Samples: Security Agreement, Security Agreement (Green Mountain Coffee Inc), Security Agreement (Green Mountain Coffee Inc)

AutoNDA by SimpleDocs

Electronic Chattel Paper and Transferable Records. If the 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 Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor shall promptly notify the Secured Party thereof and, at the request and option of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control control, under Section 9-105 of the Uniform Commercial Code 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.

Appears in 3 contracts

Samples: Credit Agreement (Hercules Offshore, LLC), Security Agreement (Wornick CO Right Away Division, L.P.), Security Agreement (TWC Holding Corp.)

Electronic Chattel Paper and Transferable Records. If the Debtor any 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 jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor with an aggregate value in excess of $50,000, Borrowers shall promptly notify the Secured Party Bank thereof and, at the request and option of the Secured PartyBank, shall take such action as the Secured Party Bank may reasonably request to vest in the Secured Party control Bank control, under Section §9-105 of the Uniform Commercial Code 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.

Appears in 2 contracts

Samples: Security Agreement (EQM Technologies & Energy, Inc.), Security Agreement (EQM Technologies & Energy, Inc.)

Electronic Chattel Paper and Transferable Records. If the Debtor any 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 jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor Borrowers shall promptly notify the Secured Party Agent thereof and, at the request and option of the Secured PartyAgent, shall take such action as the Secured Party Agent, in its discretion exercised in good faith, may reasonably request to vest in the Secured Party control Agent control, under Section §9-105 of the Uniform Commercial Code 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.

Appears in 2 contracts

Samples: Security Agreement (Industrial Services of America Inc /Fl), Security Agreement (Industrial Services of America Inc /Fl)

Electronic Chattel Paper and Transferable Records. (a) If the 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 Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtor, relevant jurisdiction) the Debtor shall promptly notify the Secured Party thereof and, at the request and option of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control control, under Section 9-105 of the Uniform Commercial Code 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 bemaybe, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record.

Appears in 2 contracts

Samples: Security Agreement (Bullfrog Gold Corp.), Security Agreement (Bullfrog Gold Corp.)

Electronic Chattel Paper and Transferable Records. If the 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 Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor shall promptly notify the Secured Party thereof and, at the request and option of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control control, under Section 9-105 of the Uniform Commercial Code 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.

Appears in 1 contract

Samples: Security Agreement (Rapidtron Inc)

Electronic Chattel Paper and Transferable Records. If the Debtor 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 Electronic Signatures in Global and National Commerce Act, or in Section 16 ss.16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor Company shall promptly notify the Secured Party Lender thereof and, at the request and option of the Secured PartyLender, shall take such action as the Secured Party Lender may reasonably request to vest in the Secured Party control Lender control, under Section 9ss.9-105 of the Uniform Commercial Code 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 ss.16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record.

Appears in 1 contract

Samples: Security Agreement (Somanta Pharmaceuticals Inc.)

Electronic Chattel Paper and Transferable Records. If the Debtor 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 jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor Borrower shall promptly notify the Secured Party Lender thereof and, at the request and option of the Secured PartyLender, shall take such action as the Secured Party Lender may reasonably request to vest in the Secured Party control Lender control, under Section 9-105 of the Uniform Commercial Code 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.

Appears in 1 contract

Samples: Loan and Security Agreement (IEG Holdings Corp)

Electronic Chattel Paper and Transferable Records. If the 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 Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor shall promptly notify the Secured Party thereof and, at the request and option of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control control, under Section 9-105 of the Uniform Commercial Code 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.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Vitrotech Corp)

Electronic Chattel Paper and Transferable Records. If the Debtor 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 jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor Grantor shall promptly notify the Secured Party thereof and, at the request and option of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control control, under Section 9-105 of the Uniform Commercial Code 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.

Appears in 1 contract

Samples: Security Agreement (Crown Media Holdings Inc)

Electronic Chattel Paper and Transferable Records. If the 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 Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor shall promptly notify the Secured Party Administrative Agent thereof and, at the request and option of the Secured PartyAdministrative Agent, shall take such action as the Secured Party Administrative Agent may reasonably request to vest in the Secured Party control Administrative Agent control, under Section 9-105 of the Uniform Commercial Code 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.

Appears in 1 contract

Samples: Security Agreement (Petro Resources Corp)

AutoNDA by SimpleDocs

Electronic Chattel Paper and Transferable Records. If the Debtor 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 Electronic Signatures in Global and National Commerce Act, or in Section 16 ss.16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor Company shall promptly notify the Secured Party Lender thereof and, at the request and option of the Secured PartyLender, shall take such action as the Secured Party Lender may reasonably request to vest in the Secured Party control Lender control, under Section 9ss.9-105 of the Uniform Commercial Code 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 ss.16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record.

Appears in 1 contract

Samples: Security Agreement (Faraday Financial Inc)

Electronic Chattel Paper and Transferable Records. If any of the Debtor Debtors 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 national Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the such Debtor shall promptly notify the Secured Party thereof and, at the request of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control control, under Section section 9-105 of the Uniform Commercial Code 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 section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Miller Industries Inc /Tn/)

Electronic Chattel Paper and Transferable Records. If the 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 Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor shall promptly notify the Secured Party thereof and, at the request and option of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control control, under Section 9-105 9.105 of the Uniform Commercial Code 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.

Appears in 1 contract

Samples: Security Agreement (CrossPoint Energy CO)

Electronic Chattel Paper and Transferable Records. If the 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 Electronic Signatures in Global and National Commerce Act, Act or in Section § 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor shall promptly notify the Secured Party thereof and, at the request of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control control, under Section § 9-105 of the Uniform Commercial Code 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 may, be, Section § 16 of the Uniform Electronic Transactions Act, as in effect in such jurisdiction, of such transferable record.

Appears in 1 contract

Samples: Security Agreement (POSITIVEID Corp)

Electronic Chattel Paper and Transferable Records. If the 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 Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor shall promptly notify the Secured Party thereof and, at the request and option of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control control, under Section 9-105 of the Uniform Commercial Code 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.

Appears in 1 contract

Samples: Security Agreement (Ydi Wireless Inc)

Electronic Chattel Paper and Transferable Records. (a) If the 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 Electronic Signatures in Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to the Debtorrelevant jurisdiction, the Debtor shall promptly notify the Secured Party thereof of such fact and, at the request and option of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party control control, under Section 9490:9-105 of the Uniform Commercial Code 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.

Appears in 1 contract

Samples: Power Purchase Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.