Common use of Inventory Evidenced by Documents Clause in Contracts

Inventory Evidenced by Documents. (i) Such Grantor shall cause any negotiable Documents evidencing any Inventory of such Grantor (A) if being held by the ultimate purchaser thereof, to be (1) issued to the order of the Administrative Agent and (2) delivered to the Administrative Agent and (B) if otherwise, to be duly endorsed in a manner satisfactory to the Administrative Agent (provided that any xxxx of lading issued for such Inventory shall be duly endorsed to the extent that it has been issued to or endorsed to such Grantor (without further endorsement)), to be held as Collateral pursuant to this Security Agreement.

Inventory Evidenced by Documents. (i) Such Grantor shall cause any negotiable Documents evidencing any Inventory of such Grantor (A) if being held by the ultimate purchaser thereof, to be (1) issued to the order of the Administrative Collateral Agent and (2) delivered to the Administrative Collateral Agent and (B) if otherwise, to be duly endorsed in a manner satisfactory to the Administrative Collateral Agent (provided that any xxxx of lading issued for such Inventory shall be duly endorsed to the extent that it has been issued to or endorsed to such Grantor (without further endorsement)), to be held as Collateral pursuant to this Amended and Restated Security Agreement.