Common use of Instrument Collateral Clause in Contracts

Instrument Collateral. (i) Each Grantor has not previously assigned any interest in any Instruments (other than such interests as will be released on or before the date hereof), (ii) no Person other than each Grantor owns an interest in the Instruments (whether as joint holders, participants or otherwise), and (iii) no material default exists under or in respect of the Instruments of each Grantor.

Instrument Collateral. (i) Each No Grantor has not previously assigned any interest in any Instruments (other than such interests as will be released on or before the date hereofRestatement Date), (ii) no Person other than each such Grantor owns an interest in the Instruments (whether as joint holders, participants or otherwise), and (iii) no material default exists under or in respect of the Instruments of each GrantorInstruments.

Instrument Collateral. (i) Each Such Grantor has not previously assigned any interest in any Instruments held by such Grantor (other than such interests as will be released on or before the date hereof), (ii) no Person other than each such Grantor owns an interest in the such Instruments (whether as joint holders, participants or otherwise), and (iii) no material default exists under or in respect of the Instruments of each Grantorsuch Instruments.

Instrument Collateral. (i) Each No Grantor has not previously assigned any interest in any Instruments (other than such interests as will be released on or before the date hereof), (ii) no Person other than each such Grantor owns an interest in the Instruments (whether as joint holders, participants or otherwise), and (iii) no material default exists under or in respect of the Instruments of each GrantorInstruments.