Common use of Possession and Control Clause in Contracts

Possession and Control. Such Grantor has exclusive possession and control of its Equipment and Inventory except where the absence of possession and control results from actions of such Grantor in the ordinary course of business.

Appears in 6 contracts

Samples: Security Agreement (Sterling Chemicals Inc), Security Agreement (Sterling Chemicals Inc), Security Agreement (Sterling Chemicals Inc)

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Possession and Control. Such Each Grantor has exclusive possession and control of its Equipment and Inventory except where the absence of possession and control results from actions of such Grantor in the ordinary course of business.

Appears in 1 contract

Samples: Current Assets Secured Parties Security Agreement (Sterling Chemical Inc)

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Possession and Control. Such Each Grantor has exclusive possession and control of its Equipment and Inventory except where the absence of possession and control results from actions of such Grantor in the ordinary course of business.

Appears in 1 contract

Samples: Current Assets Security Agreement (Sterling Chemical Inc)

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