Common use of Letter-of-Credit Rights and Chattel Paper Clause in Contracts

Letter-of-Credit Rights and Chattel Paper. As of each Exhibit Effective Date, Exhibit C lists all Letter-of-Credit Rights and Chattel Paper of such Grantor. All action by such Grantor necessary or desirable to protect and to perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals and the placement of a legend on all Chattel Paper as required hereunder) has been duly taken. The Administrative Agent will have a fully perfected first priority security interest in the Collateral listed on Exhibit C, subject only to Liens permitted under Section 4.1(e).

Appears in 2 contracts

Samples: Pledge and Security Agreement (Fiesta Restaurant Group, Inc.), Security Agreement (Fiesta Restaurant Group, Inc.)

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Letter-of-Credit Rights and Chattel Paper. As of each Exhibit the Effective Date, Exhibit C lists all Letter-of-Credit Rights and Chattel Paper of such GrantorGrantor as of the Effective Date. All action by such Grantor necessary or desirable to protect and to perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals and the placement of a legend on all Chattel Paper as required hereunder) has been duly taken. The Administrative Agent will have a fully perfected first priority security interest in the Collateral listed on Exhibit C, subject only to Liens permitted under Section 4.1(e).

Appears in 2 contracts

Samples: Canadian Pledge and Security Agreement (FlexEnergy Green Solutions, Inc.), Pledge and Security Agreement (FlexEnergy Green Solutions, Inc.)

Letter-of-Credit Rights and Chattel Paper. As of each Exhibit Effective DateOn the date hereof, Exhibit C lists all Letter-of-Credit Rights and Chattel Paper of such Grantor. All action by such Grantor necessary or desirable to protect and to perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals and the placement of a legend on all Chattel Paper as required hereunder) has been duly takentaken to the extent required by the Administrative Agent. The Administrative Agent will have a fully perfected first priority security interest in the Collateral listed on Exhibit C, subject only to Liens permitted under Section 4.1(e).

Appears in 1 contract

Samples: Pledge and Security Agreement (CarParts.com, Inc.)

Letter-of-Credit Rights and Chattel Paper. As of each Exhibit the Effective Date, Exhibit C lists all Letter-of-Credit Rights and Chattel Paper of such Grantor. All As of the Effective Date, all action by such Grantor necessary or desirable to protect and to perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals and the placement of a legend on all Chattel Paper as required hereunder) has been duly takentaken to the extent required by the Administrative Agent. The Administrative Agent will have a fully perfected first priority security interest in the Collateral listed on Exhibit C, C subject only to Liens permitted under Section 4.1(e).

Appears in 1 contract

Samples: Patent Security Agreement (Farmer Brothers Co)

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Letter-of-Credit Rights and Chattel Paper. As of each Exhibit Effective Datethe date hereof, Exhibit C lists all Letter-of-Credit Rights and Chattel Paper of such Grantor. All action by such Grantor necessary or desirable to protect and to perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals and the placement of a legend on all Chattel Paper as required hereunder) has been duly taken. The Administrative Agent will have a fully perfected first priority security interest in the Collateral listed on Exhibit C, subject only to Liens permitted under Section 4.1(e).

Appears in 1 contract

Samples: Pledge and Security Agreement (Ddi Corp)

Letter-of-Credit Rights and Chattel Paper. As of each Exhibit Effective Datethe date hereof, Exhibit C lists all Letter-of-Credit Rights and Chattel Paper of such the Grantor. All action by such the Grantor necessary or desirable to protect and to perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals and the placement of a legend on all Chattel Paper as required hereunder) has been duly taken. The Administrative Agent will have a fully perfected first priority security interest in the Collateral listed on Exhibit C, subject only to Liens permitted under Section 4.1(e).

Appears in 1 contract

Samples: Pledge and Security Agreement (Ddi Corp)

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