Common use of Notation on Chattel Paper Clause in Contracts

Notation on Chattel Paper. For purposes of the security interest granted pursuant to this Security Agreement, Secured Party has been granted a direct security interest in all Chattel Paper and such Chattel Paper is not claimed merely as Proceeds of inventory. Upon Secured Party's request, Debtor will deliver to Secured Party the originals of all Chattel Paper. Debtor will not execute any copies of Chattel Paper other than those which are clearly marked as a copy. Secured Party may stamp any such Chattel Paper with a legend reflecting Secured Party's security interest therein.

Appears in 1 contract

Samples: Security Agreement (Lifecore Biomedical Inc)

AutoNDA by SimpleDocs

Notation on Chattel Paper. For purposes of the security interest granted pursuant to this Security Agreement, Secured Party has been granted a direct security interest in all Chattel Paper and such Chattel Paper is not claimed merely as Proceeds of inventoryInventory. Upon Secured Party's request, Debtor will deliver to Secured Party the originals of all Chattel Paper. Debtor will not execute any copies of Chattel Paper other than those which are clearly marked as a copy. Secured Party may stamp any such Chattel Paper with a legend reflecting Secured Party's security interest therein.

Appears in 1 contract

Samples: Security Agreement (North Atlantic Technologies Inc)

Notation on Chattel Paper. For purposes of the security interest granted pursuant to this Security Agreement, Secured Party has been granted a direct security interest in all Chattel Paper constituting part of the Collateral, and such Chattel Paper is not claimed merely as Proceeds of inventoryInventory. Upon Secured Party's ’s request, Debtor Grantor will deliver to Secured Party the originals original of all Chattel Paper. Debtor Grantor will not execute any copies of such Chattel Paper constituting part of the Collateral other than those which are clearly marked as a copy. Secured Party may stamp any such Chattel Paper with a legend reflecting Secured Party's ’s security interest therein.

Appears in 1 contract

Samples: Security Agreement (Air T Inc)

AutoNDA by SimpleDocs

Notation on Chattel Paper. For purposes of the security interest granted pursuant to this Security Agreement, Secured Party has been granted a direct security interest in all Chattel Paper constituting part of the Collateral, and such Chattel Paper is not claimed merely as Proceeds of inventoryInventory. Upon Secured Party's request, Debtor Grantor will deliver to Secured Party the originals original of all Chattel Paper. Debtor Grantor will not execute any copies of such Chattel Paper constituting part of the Collateral other than those which are clearly marked as a copy. Secured Party may stamp any such Chattel Paper with a legend reflecting Secured Party's security interest therein.

Appears in 1 contract

Samples: V3 Security Agreement (Air T Inc)

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