Common use of Instruments and Tangible Chattel Paper Formerly Accounts Clause in Contracts

Instruments and Tangible Chattel Paper Formerly Accounts. Except pursuant to transactions or Liens permitted by the Credit Agreement, no amount payable to such Grantor under or in connection with any account that constitutes Collateral is evidenced by any instrument or tangible chattel paper that has been delivered to any Person other than the Collateral Agent.