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 Lender, shall endorse and deliver physical possession of such Negotiable Collateral to Lender.

Appears in 5 contracts

Samples: Credit and Security Agreement (Global Axcess Corp), Credit and Security Agreement (Global Axcess Corp), Credit and Security Agreement (Global Axcess Corp)

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

Appears in 4 contracts

Samples: Securities Purchase Agreement (FriendFinder Networks Inc.), Securities Purchase Agreement (FriendFinder Networks Inc.), Securities Agreement (FriendFinder Networks Inc.)

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

Appears in 3 contracts

Samples: Loan and Security Agreement (Optical Cable Corp), Loan and Security Agreement (AMERI Holdings, Inc.), Loan and Security Agreement (Ag&e Holdings Inc.)

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

Appears in 3 contracts

Samples: Loan and Security Agreement (Hightimes Holding Corp.), Loan and Security Agreement (Origo Acquisition Corp), Loan and Security Agreement (Electronic Cigarettes International Group, Ltd.)

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 Lender, shall immediately endorse and assign such Negotiable Collateral to Lender and deliver physical possession of such Negotiable Collateral to Lender.

Appears in 3 contracts

Samples: Loan and Security Agreement (I/Omagic Corp), Loan and Security Agreement (Eip Microwave Inc), Loan and Security Agreement (Transcat Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, BorrowerBorrower promptly shall, immediately upon the request and shall cause each of Lenderits Subsidiaries to, shall endorse and deliver physical possession of such Negotiable Collateral to LenderAgent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Southwest Royalties Holdings Inc), Loan and Security Agreement (Ram Energy Inc/Ok), Loan and Security Agreement (Petsec Energy Inc)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc)

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

Appears in 2 contracts

Samples: Loan Agreement (Iron Bridge Mortgage Fund LLC), Loan and Security Agreement (Iron Bridge Mortgage Fund LLC)

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

Appears in 2 contracts

Samples: Credit and Security Agreement (Sm&a Corp), Credit and Security Agreement (Sm&a Corp)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Polar Power, Inc.), Loan and Security Agreement (Corporate Resource Services, Inc.)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Proxim Corp), Loan and Security Agreement (Proxim Corp)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Convergent Communications Inc /Co), Loan and Security Agreement (Employee Solutions Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateralnegotiable collateral, BorrowerBorrower shall, immediately upon the request of Lender, shall endorse and assign such negotiable collateral to Lender and deliver physical possession of such Negotiable Collateral negotiable collateral to LenderLender or its Custodian.

Appears in 1 contract

Samples: Loan and Security Agreement (Angel Oak Mortgage, Inc.)

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

Appears in 1 contract

Samples: Letter of Credit Agreement (Childrens Place Retail Stores Inc)

Negotiable Collateral. In At any time that an Event of Default has occurred and is continuing, in the event that any Collateral, including proceeds, Collateral is evidenced by or consists of Negotiable Collateral, BorrowerBorrower will, immediately upon the request of Lenderthe Lenders, shall endorse and deliver physical possession of such Negotiable Collateral to Lenderthe Lenders.

Appears in 1 contract

Samples: Security Agreement (Iq Biometrix Inc)

Negotiable Collateral. In At any time that an Event of Default has occurred and is continuing, in the event that any Collateral, including proceeds, Collateral is evidenced by or consists of Negotiable Collateral, BorrowerBorrower will, subject to the rights of the holders of the Prior Liens, immediately upon the request of the Lender, shall endorse and deliver physical possession of such Negotiable Collateral to the Lender.

Appears in 1 contract

Samples: Security Agreement (Iq Biometrix Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (InPoint Commercial Real Estate Income, Inc.)

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

Appears in 1 contract

Samples: Loan Agreement (Millbrook Press Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower, the Borrower shall immediately upon the request of Lender, shall endorse and deliver physical possession of such Negotiable Collateral to Lender, together with any stock powers executed in blank as may be required by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Access Worldwide Communications Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Vista Eyecare Inc)

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

Appears in 1 contract

Samples: Revolver Loan and Security Agreement (CPS Systems Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (American BioCare, Inc.)

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

Appears in 1 contract

Samples: Security Agreement (Starcraft Corp /In/)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Spar Group Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Ct Holdings 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 Lendereach Borrower promptly, shall endorse and deliver physical possession of such Negotiable Collateral to LenderAgent.

Appears in 1 contract

Samples: Loan and Security Agreement (General Datacomm Industries 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 LenderBank, shall endorse and deliver physical possession of such Negotiable Collateral to LenderBank.

Appears in 1 contract

Samples: Loan and Security Agreement (California Amplifier Inc)

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

Appears in 1 contract

Samples: Credit and Security Agreement (Emergent Information Technologies Inc)

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 the Lender, shall immediately endorse and assign such Negotiable Collateral to the Lender and deliver physical possession of such Negotiable Collateral to the Lender, unless prohibited to do so by the Atlantic Tele-Network Agreement.

Appears in 1 contract

Samples: Borrower Security Agreement (Pick Communications Corp)

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 Lender, shall endorse and assign such Negotiable Collateral to Lender and deliver physical possession of such Negotiable Collateral to Lender.

Appears in 1 contract

Samples: Debt and Security Agreement (Vermillion, Inc.)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrowersuch Borrower shall, immediately upon the request of Lender, shall endorse and assign such Negotiable Collateral to Lender, deliver physical possession of such Negotiable Collateral to LenderLender and/or take such action as Lender shall require to permit Lender to exercise control over intangible Negotiable Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Pia Merchandising Services Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Transcat Inc)

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