Common use of Instruments, Investment Property, Etc Clause in Contracts

Instruments, Investment Property, Etc. Upon the request of the Administrative Agent, such Grantor will (i) promptly deliver to the Administrative Agent, or an agent designated by it, appropriately endorsed or accompanied by appropriate instruments of transfer or assignment, all Instruments, Documents and Chattel Paper held by such Grantor in an amount in excess of the Threshold Amount, all letters of credit of such Grantor in an amount in excess of the Threshold Amount, and all other Rights to Payment held by such Grantor at any time evidenced by promissory notes, trade acceptances or other instruments in an amount in excess of the Threshold Amount, (ii) cause any securities intermediaries to show on their books that the Administrative Agent is the entitlement holder with respect to any Investment Property held by such securities intermediary on behalf of such Grantor, and/or obtain Control Agreements in favor of the Administrative Agent from such securities intermediaries, in form and substance reasonably satisfactory to the Administrative Agent, with respect to any such Investment Property, as reasonably requested by the Administrative Agent, and (iii) provide such notice, obtain such acknowledgments and take all such other action, with respect to any Chattel Paper, Documents and Letter-of-Credit Rights held by such Grantor in an amount in excess of the Threshold Amount, as the Administrative Agent shall reasonably specify.

Instruments, Investment Property, Etc. Upon the request of the Administrative Agent, such Grantor will (i) promptly deliver to the Administrative Agent, or an agent designated by it, appropriately endorsed or accompanied by appropriate instruments of transfer or assignment, all Instruments, Documents and Chattel Paper held by such Grantor in an amount in excess of the Threshold AmountGrantor, all letters of credit of such Grantor in an amount in excess of the Threshold AmountGrantor, and all other Rights to Payment held by such Grantor at any time evidenced by promissory notes, trade acceptances or other instruments instruments, in an amount each case, with a face value in excess of $100,000 individually and $250,000 in the Threshold Amountaggregate for all such items of Collateral, (ii) cause any securities intermediaries to show on their books that the Administrative Agent is the entitlement holder with respect to any Investment Property held by such securities intermediary on behalf of such Grantor, and/or obtain Control Agreements in favor of the Administrative Agent from such securities intermediaries, in form and substance reasonably satisfactory to the Administrative Agent, with respect to any such Investment Property, as reasonably requested by the Administrative Agent, and (iii) provide such notice, obtain such acknowledgments and take all such other action, with respect to any Chattel Paper, Documents and Letter-of-Credit Rights Rights, in each case, with a face value in excess of $100,000 individually and $250,000 in the aggregate for all such items of Collateral held by such Grantor in an amount in excess of the Threshold AmountGrantor, as the Administrative Agent shall reasonably specify.