Common use of Negotiable Collateral Clause in Contracts

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 17 contracts

Samples: Loan and Security Agreement (Ultimate Electronics Inc), Loan and Security Agreement (Advanced Lighting Technologies Inc), Loan and Security Agreement (Big Dog Holdings Inc)

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Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 14 contracts

Samples: Loan and Security Agreement (Todays Man Inc), Loan and Security Agreement (Cai Wireless Systems Inc), Loan and Security Agreement (Areawide Cellular Inc)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines that perfection or priority of Agent's ’s security interest is dependent on or enhanced by possession, the applicable Borrower, immediately promptly upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 9 contracts

Samples: Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 7 contracts

Samples: Loan and Security Agreement (En Pointe Technologies Inc), Loan and Security Agreement (HPSC Inc), Loan and Security Agreement (Leapfrog Enterprises Inc)

Negotiable Collateral. In the event that any CollateralCollateral of any Debtor, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that the perfection or priority of the Collateral Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agentsuch Debtor, shall endorse and deliver physical possession of such Negotiable Collateral with an individual value in excess of $50,000 to Agentthe Collateral Agent to be administered in accordance with the terms of the Intercreditor Agreement.

Appears in 4 contracts

Samples: Security Agreement, Security Agreement (Viskase Companies Inc), Security Agreement (Viskase Companies Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or of priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Old Evangeline Downs LLC), Loan and Security Agreement (Peninsula Gaming Corp), Loan and Security Agreement (World Airways Inc /De/)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or of priority of Agent's security interest is dependent on or enhanced by possession, the applicable each Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Guitar Center Inc), Loan and Security Agreement (Guitar Center Inc), Loan and Security Agreement (Guitar Center Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately promptly upon the request of Agent, shall, and shall cause each of the other Obligors to (and, by its execution and delivery of the Guaranty or a joinder thereto, each of the Guarantors hereby agrees to) endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Acme Communications Inc), Loan and Security Agreement (Acme Communications Inc), Loan and Security Agreement (Acme Television LLC)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Aegis Communications Group Inc), Loan and Security Agreement (Majestic Star Casino LLC), Loan and Security Agreement (Phibro Animal Health Corp)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agentreceipt thereof, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Right Start Inc /Ca), Loan and Security Agreement (Franks Nursery & Crafts Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrowereach Domestic Loan Party, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Abraxas Petroleum Corp), Loan and Security Agreement (Abraxas Petroleum Corp)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately promptly upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Evergreen International Aviation Inc), Loan and Security Agreement (Advanced Marketing Services Inc)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Penton Media Inc), Loan and Security Agreement (Hudson Respiratory Care Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest interests is dependent on or enhanced by possession, the applicable BorrowerObligor, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Star Telecommunications Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's ’s security interest is dependent on or enhanced by possession, the applicable Borrower, immediately promptly upon the request of Agent, shall endorse and assign such Negotiable Collateral to Agent and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Security Agreement (Ares Commercial Real Estate Corp)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent (such request being made in the Permitted Discretion of Agent), shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (3 D Systems Corp)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or of priority of Agent's security interest is dependent on or enhanced by possession, the applicable BorrowerObligors, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Sholodge Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Collateral Agent's security interest is dependent on or enhanced by possession, the applicable Borrowereach Debtor, immediately promptly upon the request of Collateral Agent, shall shall, subject to the terms of the Intercreditor Agreement, endorse and assign such Negotiable Collateral to Collateral Agent and deliver physical possession of such Negotiable Collateral to Collateral Agent.

Appears in 1 contract

Samples: Security Agreement (Mortons Restaurant Group Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable BorrowerBorrowers, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to AgentAgent for the benefit of the Lender Group.

Appears in 1 contract

Samples: Loan and Security Agreement (Neostar Retail Group Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Administrative Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Administrative Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Natural Wonders Inc)

Negotiable Collateral. In the event that any Personal Property Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable BorrowerCredit Party, immediately promptly upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to the Senior Agent or the Agent.

Appears in 1 contract

Samples: Term Loan Agreement (James River Coal CO)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately promptly upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Etoys Inc)

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Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or of priority of Agent's ’s security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Metalico Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (RDM Sports Group Inc)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately promptly upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (eTelecare Global Solutions, Inc.)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, Parent or the applicable Borrower, immediately upon (but in any event within 1 Business Day after) the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Iron Age Corp)

Negotiable Collateral. In the event that any Collateral, including proceeds, Collateral is evidenced by or consists of Negotiable Collateral, certificated securities or other instruments and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral Collateral, certificated securities or other instruments to Agent; provided, that endorsement and delivery shall not be required in connection with an Installment Sales Contract.

Appears in 1 contract

Samples: Loan and Security Agreement (Oakwood Homes Corp)

Negotiable Collateral. In the event that any CollateralCollateral of any Debtor, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that the perfection or priority of the Collateral Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agentsuch Debtor, shall endorse and deliver physical possession of such Negotiable Collateral with an individual value in excess of $20,000 to Agentthe Collateral Agent to be administered in accordance with the terms of the Intercreditor Agreement.

Appears in 1 contract

Samples: Security Agreement (Empire Resorts Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or of priority of Agent's security interest Liens therein is dependent on or enhanced by possession, the applicable BorrowerObligor, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (3do Co)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent or any Co-Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Thomaston Mills Inc)

Negotiable Collateral. In the event that any CollateralPersonal Property Collateral of Borrower, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Communications & Power Industries Inc)

Negotiable Collateral. In the event that any CollateralCollateral of any Debtor, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that the perfection or priority of the Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agentsuch Debtor, shall endorse and deliver physical possession of such Negotiable Collateral with an individual value in excess of $20,000 to Agentthe Agent to be administered in accordance with the terms of the Intercreditor Agreement.

Appears in 1 contract

Samples: Security Agreement (Empire Resorts Inc)

Negotiable Collateral. In the event that any Company Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that Agent determines that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable BorrowerCompany, immediately promptly upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (James River Coal CO)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that the perfection or priority of Collateral Agent's security interest is dependent on or enhanced by possession, the applicable BorrowerDebtor, immediately upon the request of Collateral Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Collateral Agent.

Appears in 1 contract

Samples: Security Agreement (Pahc Holdings Corp)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately promptly upon the written request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Nabi Biopharmaceuticals)

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