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, Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 25 contracts

Samples: Loan and Security Agreement (Usci Inc), Loan and Security Agreement (Cortelco Systems Inc), Loan and Security Agreement (Computron Software Inc)

AutoNDA by SimpleDocs

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, BorrowerBorrower shall, immediately upon the request of Foothill, shall endorse and assign such Negotiable Collateral to Foothill and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 12 contracts

Samples: Loan and Security Agreement (Action Industries Inc), Loan and Security Agreement (Victoria Creations Inc), Loan and Security Agreement (Concurrent Computer Corp/De)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, BorrowerBorrowers, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 9 contracts

Samples: Loan and Security Agreement (Effective Management Systems Inc), Loan and Security Agreement (Celebrity Inc), Loan and Security Agreement (Digital Generation Systems Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, the applicable Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 2 contracts

Samples: Loan and Security Agreement (Multigraphics Inc), Loan and Security Agreement (P Com Inc)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Dep Corp)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable CollateralCollateral (other than Collections items that are received by Borrower in the ordinary course of business and that are deposited in accordance with Section 2.7), Borrower, immediately promptly upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to FoothillFoothill to the extent required for Foothill to have a first priority perfected Lien thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Family Restaurants)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, BorrowerBorrower shall, immediately upon the request of Foothill, shall endorse and assign such Negotiable Collateral to Foothill and deliver physical possession of such Negotiable Collateral (exclusive of Borrower's Books unless an Event of Default has occurred and is continuing) to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Telemundo Group Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrowereach Guarantor, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Network Computing Devices Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Network Computing Devices Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, each Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Sports Inc)

AutoNDA by SimpleDocs

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrowerand if and to the extent that perfection or priority is dependent or enhanced by possession, each Debtor, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Security Agreement (Fitzgeralds Gaming Corp)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower, Borrower immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Sands Regent)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower, immediately upon the request of Foothill, Borrower shall, and shall cause each Guarantor to, endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Computervision Corp /De/)

Negotiable Collateral. In the event that any Collateral, --------------------- including proceeds, is evidenced by or consists of Negotiable Collateral, BorrowerGuarantor shall, immediately upon the request of Foothill, shall endorse and assign such Negotiable Collateral to Foothill and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (QMS Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower, immediately upon the written request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (National Media Corp)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, the appropriate Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to FoothillFoothill to the extent necessary for Foothill to perfect, and maintain the priority of, its Lien thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Midcom Communications Inc)

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