Common use of Markings on the Collateral Clause in Contracts

Markings on the Collateral. At Lender’s request at any time during the Term of the Loan (including any extension thereof), Borrower shall place in a conspicuous location on each item of Collateral a plaque or other marking to be supplied by Lender which reads substantially as follows: Lighthouse Capital Partners V, L.P. has a first priority security interest in this item of equipment. Such plaque or other marking shall not be removed (or if removed or damaged such plaque or other marking shall be replaced) until the security interest in favor of Lender in such item of Collateral is terminated pursuant to this Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Codexis Inc), Loan and Security Agreement (Maxygen Inc), Loan and Security Agreement (Riverbed Technology, Inc.)

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Markings on the Collateral. At Lender’s 's request at any time during the Term of the Loan (including any extension thereof), Borrower shall place in a conspicuous location on each item of Collateral a plaque or other marking to be supplied by Lender which reads substantially as follows: Lighthouse Capital Partners VIV, L.P. has a first priority security interest in this item of equipment. Such plaque or other marking shall not be removed (or if removed or damaged such plaque or other marking shall be replaced) until the security interest in favor of Lender in such item of Collateral is terminated pursuant to this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Soundbite Communications Inc), Loan and Security Agreement (Soundbite Communications Inc)

Markings on the Collateral. At Lender’s 's request at any time during the Term of the Loan (including any extension thereof), Borrower shall place in a conspicuous location on each item of Collateral Collateral, other than that subject to Permitted Liens, a plaque or other marking to be supplied by Lender which reads substantially as follows: Lighthouse Capital Partners VII, L.P. has a first priority security interest in this item of equipment. Such plaque or other marking shall not be removed (or if removed or damaged such plaque or other marking shall be replaced) until the security interest in favor of Lender in such item of Collateral is terminated pursuant to this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Portal Software Inc)

Markings on the Collateral. At Lender’s 's request at any time during the Term of the Loan (including any extension thereof), Borrower shall place in a conspicuous location on each item of Collateral a plaque or other marking to be supplied by Lender which reads substantially as follows: Lighthouse Capital Partners VII, L.P. has a first priority security interest in this item of equipment. Such plaque or other marking shall not be removed (or if removed or damaged such plaque or other marking shall be replaced) until the security interest in favor of Lender in such item of Collateral is terminated pursuant to this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Vnus Medical Technologies Inc)

Markings on the Collateral. At Lender’s 's request at any time during the Term of the Loan (including any extension thereof), Borrower shall place in a conspicuous location on each item of Collateral a plaque or other marking to be supplied by Lender which reads substantially as follows: Lighthouse Capital Partners VII, L.P. has a first priority security interest in this item of equipment. equipment Such plaque or other marking shall not be removed (or if removed or damaged such plaque or other marking shall be replaced) until the security interest in favor of Lender in such item of Collateral is terminated pursuant to this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Nextcard Inc)

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Markings on the Collateral. At Lender’s 's reasonable request at any time during the Term of the Loan (including any extension thereof), Borrower shall place in a conspicuous location on each item of Collateral a plaque or other marking to be supplied by Lender which reads substantially as follows: Lighthouse Capital Partners V, L.P. has a first priority security interest in this item of equipment. Such plaque or other marking shall not be removed (or if removed or damaged such plaque or other marking shall be replaced) until the security interest in favor of Lender in such item of Collateral is terminated pursuant to this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Alnylam Pharmaceuticals Inc)

Markings on the Collateral. At Lender’s request at any time during the Term of the Loan (including any extension thereof), Borrower shall place in a conspicuous location on each item of Collateral a plaque or other marking to be supplied by Lender which reads substantially as follows: Lighthouse Capital Partners VIV, L.P. has a first priority security interest in this item of equipment. Such plaque or other marking shall not be removed (or if removed or damaged such plaque or other marking shall be replaced) until the security interest in favor of Lender in such item of Collateral is terminated pursuant to this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Aruba Networks, Inc.)

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