Common use of No Instruments Clause in Contracts

No Instruments. The Borrower shall not take any action which would allow, result in or cause any Eligible Receivable to be evidenced by an "instrument" within the meaning of the UCC of the applicable jurisdiction.

Appears in 6 contracts

Samples: Loan and Security Agreement (Nu Tech Bio Med Inc), Loan and Security Agreement (Community Care of America Inc), Loan and Security Agreement (Physicians Clinical Laboratory Inc)

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No Instruments. The No Borrower shall not take any action which would allow, allow result in or cause any Eligible Receivable to be evidenced by an "instrument" within instrument"within the meaning of the UCC of the applicable jurisdiction.

Appears in 1 contract

Samples: Revolving and Term Loan and Security Agreement

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No Instruments. The No Borrower shall not take any action which would allow, result in in, or cause any Eligible Receivable to be evidenced by an "β€œinstrument" ” within the meaning of the UCC of the applicable jurisdiction.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Enzo Biochem Inc)

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