Instruments; Chattel Paper; and Documents. Except as set forth on Schedule 5 hereto, as of the Closing Date, no material Document included in the Collateral, Chattel Paper included in the Accounts, nor any records pertaining to the Collateral exist which have not been marked with a legend, in form and substance reasonably satisfactory to the Administrative Agent, indicating that such Document, Chattel Paper, or record is subject to the pledge, assignment, and security interest granted hereby. As of the Closing Date, (a) no Collateral with a face value in excess of $250,000 is evidenced by a promissory note or other Instrument or Chattel Paper (other than any such Collateral related to the Permitted Intercompany Debt) other than the Collateral listed on Schedule 5 hereto and (b) with respect to the Collateral listed on Schedule 5 hereto, such Collateral has been duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably satisfactory to the Administrative Agent and delivered and pledged to the Administrative Agent; provided that, notwithstanding the foregoing, any promissory note or other similar Document evidencing the Permitted Intercompany Debt, or any portion thereof, shall be delivered by the applicable Grantors to the Administrative Agent promptly after the Closing Date.
Instruments; Chattel Paper; and Documents. Each Debtor will (i) deliver to Secured Party immediately upon execution of this Security Agreement the originals of all Chattel Paper, and Instruments (if any then exist), (ii) hold in trust for Secured Party upon receipt and immediately thereafter deliver to Secured Party any Chattel Paper and Instruments constituting Collateral, and (iii) upon Secured Party's request, deliver to Secured Party (and thereafter hold in trust for Secured Party upon receipt and immediately deliver to Secured Party) any Document evidencing or constituting Collateral.
Instruments; Chattel Paper; and Documents. Grantor will (a) deliver to Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper and Instruments (if any then exists), (b) hold in trust for Agent upon receipt and immediately thereafter deliver to Agent any Chattel Paper and Instruments constituting Collateral, (c) mxxx conspicuously all Chattel Paper and Instruments (other than any delivered to Agent) with an appropriate reference to the security interest of Agent, and (d) upon Agent’s request, deliver to Agent (and thereafter hold in trust for Agent upon receipt and immediately deliver to Agent) any Document evidencing or constituting Collateral.
Instruments; Chattel Paper; and Documents. Following the occurrence of an Event of Default and during the continuation thereof, Borrowers shall, immediately upon being directed to do so by the Bank, daily deliver, or cause to be delivered to the Bank all of the Borrowers' Instruments, Chattel Paper, and Documents, appropriately endorsed to Bank's order, without limitation or qualification. Borrowers hereby constitute and appoint Bank, or Bank's designated agent, Borrowers' attorney-in-fact with authority and power to endorse any and all Instruments, Documents and Chattel Paper upon any Borrower's failure to do so, effective following the occurrence of an Event of Default and during the continuation thereof. Such authority and power being coupled with an interest, shall be (i) irrevocable until all obligations are paid, performed, and observed in full, (ii) exercisable by Bank at any time and without any request upon any Borrower by Bank to so endorse, and (iii) exercisable in Bank's name or any Borrower's name. Borrowers hereby waive presentment, demand, notice of dishonor, protest, notice of protest, and any and all other similar notices with respect thereto, regardless of the form of any endorsement thereof. Bank shall not be bound or obligated to take any action to preserve any rights therein against prior parties thereto.
Instruments; Chattel Paper; and Documents. Each Grantor will (a) deliver to Secured Party immediately upon execution of this Security Agreement the originals of all Chattel Paper and Instruments (if any then exists), (b) hold in trust for Secured Party upon receipt and immediately thereafter deliver to Secured Party any Chattel Paper and Instruments constituting Collateral, (c) xxxx conspicuously all Chattel Paper and Instruments (other than any delivered to Secured Party) with an appropriate reference to the security interest of Secured Party, and (d) upon Secured Party’s request, deliver to Secured Party (and thereafter hold in trust for Secured Party upon receipt and immediately deliver to Secured Party) any Document evidencing or constituting Collateral.
Instruments; Chattel Paper; and Documents. Each Grantor (other than Borrower) will (a) deliver to Lender immediately upon execution of this Security Agreement the originals of all Chattel Paper and Instruments (if any then exists), (b) hold in trust for Lender upon receipt and immediately thereafter deliver to Lender any Chattel Paper and Instruments constituting Collateral, (c) xxxx conspicuously all Chattel Paper and Instruments (other than any delivered to Lender) with an appropriate reference to the security interest of Lender, and (d) upon Lender’s request, deliver to Lender (and thereafter hold in trust for Lender upon receipt and immediately deliver to Lender) any Document evidencing or constituting Collateral.
Instruments; Chattel Paper; and Documents. Grantor will (a) deliver to Administrative Agent immediately upon execution of this Restated Security Agreement the originals of all Chattel Paper and Instruments (if any then exists), (b) hold in trust for Administrative Agent upon receipt and immediately thereafter deliver to Administrative Agent any Chattel Paper and Instruments constituting Collateral, (c) xxxx conspicuously all Chattel Paper and Instruments (other than any delivered to Administrative Agent) with an appropriate reference to the security interest of Administrative Agent, and (d) upon Administrative Agent’s request, deliver to Administrative Agent (and thereafter hold in trust for Administrative Agent upon receipt and immediately deliver to Administrative Agent) any Document evidencing or constituting Collateral.
Instruments; Chattel Paper; and Documents. The Grantor will deliver (i) to the Administrative Bank, immediately upon execution of this Security Agreement (and thereafter hold in trust for the Administrative Bank upon receipt and promptly deliver to the Administrative Bank), the originals of all Chattel Paper and Instruments constituting Collateral (ii) upon the Administrative Bank’s written request, the Grantor will deliver to the Administrative Bank (and thereafter hold in trust for the Administrative Bank upon receipt and immediately deliver to the Administrative Bank) any other Document evidencing or constituting Collateral.
Instruments; Chattel Paper; and Documents. (a) Such Debtor will (i) deliver to Administrative Agent all Tangible Chattel Paper and all Collateral evidenced by a promissory note or other Instrument duly indorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably satisfactory to Administrative Agent, and (ii) upon Administrative Agent’s request, deliver to Administrative Agent (and thereafter hold in trust for Administrative Agent upon receipt and immediately deliver to Administrative Agent) any Document evidencing or constituting Collateral.
Instruments; Chattel Paper; and Documents. At any time that a Default exists, the Pledgor will, promptly upon the Agent’s request, (i) deliver to the Agent the originals of all Chattel Paper and Instruments constituting Collateral and all Documents constituting Collateral (if any then exist) and (ii) take such actions as shall give the Agent Control of any Electronic Chattel Paper constituting Collateral.
