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

Letter-of-Credit Rights and Chattel Paper. As of the Effective Date, Exhibit C lists all Letter-of-Credit Rights and Chattel Paper (including any customer contracts) of such Grantor as of the Effective Date. All action by such Grantor necessary or desirable to protect and perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals (other than with respect to any customer contracts) 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 (Natural Gas Services Group Inc), Pledge and Security Agreement (Natural Gas Services Group Inc)

AutoNDA by SimpleDocs

Letter-of-Credit Rights and Chattel Paper. As of the Effective Date, Exhibit C lists all Letter-of-Credit Rights and Chattel Paper (including any customer contracts) of such Grantor as Grantor. As of the Effective Date. All , all action by such Grantor necessary or desirable to protect and perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals (other than with respect to any customer contracts) 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)

Letter-of-Credit Rights and Chattel Paper. As of the Effective Date, Exhibit C lists all Letter-of-Credit Rights and Chattel Paper (including any customer contracts) of such Grantor as of the Effective Closing Date. All action by such Grantor necessary or desirable to protect and perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals (other than with respect to any customer contracts) and the placement of a legend on all Chattel Paper as required hereunder) ), in each case to the extent required under Section 4.4, has been duly taken. The Upon the taking of any such action, the Administrative Agent will have a fully perfected (to the extent required under Section 4.4) 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 (Exactech Inc)

AutoNDA by SimpleDocs

Letter-of-Credit Rights and Chattel Paper. As of the Effective Date, Exhibit C lists all Letter-of-Credit Rights and Chattel Paper (including any customer contracts) of such Grantor as Grantor. As of the Effective Date. All , all action by such Grantor necessary or desirable to protect and perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals (other than with respect to any customer contracts) 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 (Farmer Brothers Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!