Common use of Possession and Collection of Accounts Clause in Contracts

Possession and Collection of Accounts. Following an Event of Default and during the continuance thereof or following acceleration of any Indebtedness, the records and documents evidencing the Accounts pledged as Collateral hereunder shall, upon the Collateral Agent’s request, be delivered to the Collateral Agent or its agent and held in accordance with the terms of this Security Agreement.

Appears in 8 contracts

Samples: Security Agreement (Isco International Inc), Security Agreement (Isco International Inc), Security Agreement (Isco International Inc)

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Possession and Collection of Accounts. Following an Event of Default and during the continuance thereof or following acceleration of any the Indebtedness, the records and documents evidencing the Accounts pledged as Collateral hereunder shall, upon the Collateral Agent’s 's request, be delivered to the Collateral Agent or its their agent and held in accordance with the terms of this Security Agreement.

Appears in 1 contract

Samples: Security Agreement (General Magic Inc)

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Possession and Collection of Accounts. Following an Event of Default and during the continuance thereof or following acceleration of any the Indebtedness, the records and documents evidencing the Accounts pledged as Collateral hereunder shall, upon the Collateral Agent’s 's request, be delivered to the Collateral Agent or its their agent and held in accordance with the terms of this Security Agreement.

Appears in 1 contract

Samples: Security Agreement (Constellation 3d Inc)

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