Common use of Possession and Assembly of Collateral Clause in Contracts

Possession and Assembly of Collateral. Any Lender or the Secured Party Representative may, without notice, demand or legal process of any kind, take possession of any or all of the Collateral (in addition to Collateral of which any Lender or the Secured Party Representative may already have in its possession), wherever it may be found, and for that purpose may pursue the same wherever it may be found, and may at any time enter into any of the Borrower’s premises where any of the Collateral may be or is supposed to be, and search for, take possession of, remove, keep and store any of the Collateral until the same shall be sold or otherwise disposed of and each Lender and Secured Party Representative shall have the right to store and conduct a sale of the same in any of the Borrower’s premises without cost to any Lender or the Secured Party Representative as applicable. At any Lender’s or Secured Party Representative’s request, the Borrower will, at the Borrower’s sole expense, assemble the Collateral and make it available to the Lenders or the Secured Party Representative, as the case may be, at a place or places to be designated by the Secured Party Representative which is reasonably convenient to the Lenders or the Secured Party Representative, as the case may be, and the Borrower.

Appears in 1 contract

Samples: Senior Loan, Security and Pledge Agreement (DJSP Enterprises, Inc.)

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Possession and Assembly of Collateral. Any The Lender or the Secured Party Representative may, without notice, demand or legal process of any kind, take possession of any or all of the Collateral (in addition to Collateral of which any Lender or the Secured Party Representative may already have in its possession), wherever it may be found, and for that purpose may pursue the same wherever it may be found, and may at any time enter into any of the Borrower’s 's premises where any of the Collateral may be or is supposed to be, and search for, take possession of, remove, keep and store any of the Collateral until the same shall be sold or otherwise disposed of and each the Lender and Secured Party Representative shall have the right to store and conduct a sale of the same in any of the Borrower’s 's premises without cost to any Lender or the Lender, the Secured Party Representative Representative, or any Secured Party as applicable. At any the Lender’s 's or Secured Party Representative’s request, the Borrower will, at the Borrower’s 's sole expense, assemble the Collateral and make it available to the Lenders Lender or the Secured Party Representative, as the case may be, at a place or places to be designated by the Secured Party Representative Lender which is reasonably convenient to the Lenders Lender or the any Secured Party RepresentativeParty, as the case may be, and the Borrower.

Appears in 1 contract

Samples: Loan, Security and Pledge Agreement (DJSP Enterprises, Inc.)

Possession and Assembly of Collateral. Any Lender or the Secured Party Representative may, without notice, demand or legal process of any kind, take possession of any or all of the Collateral (in addition to Collateral of which any Lender or the Secured Party Representative may already have in its possession), wherever it may be found, and for that purpose may pursue the same wherever it may be found, and may at any time enter into any of the BorrowerGuarantor’s premises where any of the Collateral may be or is supposed to be, and search for, take possession of, remove, keep and store any of the Collateral until the same shall be sold or otherwise disposed of and each Lender the Lenders and Secured Party Representative shall have the right to store and conduct a sale of the same in any of the BorrowerGuarantor’s premises without cost to any Lender the Lenders or the Secured Party Representative as applicableRepresentative. At any Lender’s or Secured Party Representative’s request, the Borrower Guarantor will, at the BorrowerGuarantor’s sole expense, assemble the Collateral and make it available to the Lenders or the Secured Party Representative, as the case may be, at a place or places to be designated by the Secured Party Representative which is reasonably convenient to the Lenders or the Secured Party Representative, as the case may be, and the BorrowerGuarantor.

Appears in 1 contract

Samples: Senior Security Agreement (DJSP Enterprises, Inc.)

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Possession and Assembly of Collateral. Any The Lender or the Secured Party Representative may, without notice, demand or legal process of any kind, take possession of any or all of the Collateral (in addition to Collateral of which any Lender or the Secured Party Representative may already have in its possession), wherever it may be found, and for that purpose may pursue the same wherever it may be found, and may at any time enter into any of the Borrower’s Guarantor's premises where any of the Collateral may be or is supposed to be, and search for, take possession of, remove, keep and store any of the Collateral until the same shall be sold or otherwise disposed of and each the Lender and Secured Party Representative shall have the right to store and conduct a sale of the same in any of the Borrower’s Guarantor's premises without cost to any Lender or the Lender, the Secured Party Representative Representative, or any Secured Party as applicable. At any the Lender’s 's or Secured Party Representative’s request, the Borrower Guarantor will, at the Borrower’s Guarantor's sole expense, assemble the Collateral and make it available to the Lenders Lender or the Secured Party Representative, as the case may be, at a place or places to be designated by the Secured Party Representative Lender which is reasonably convenient to the Lenders Lender or the any Secured Party RepresentativeParty, as the case may be, and the BorrowerGuarantor.

Appears in 1 contract

Samples: Security Agreement (DJSP Enterprises, Inc.)

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