Common use of Possession of Collateral Clause in Contracts

Possession of Collateral. Secured Party shall be deemed to have possession of any Collateral in transit to it or set apart for it (or, in either case, any of its agents, affiliates or correspondents).

Appears in 34 contracts

Samples: Pledge Agreement (Ault Alliance, Inc.), Pledge and Security Agreement (Williams Randa Duncan), Pledge Agreement (BitNile Holdings, Inc.)

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Possession of Collateral. Secured Party shall be deemed to ------------------------ have possession of any Collateral in transit to it or set apart for it (or, in either case, any of its agents, affiliates or correspondents).

Appears in 8 contracts

Samples: Pledge and Security Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co), Intercompany Security Agreement (HWCC Shreveport Inc)

Possession of Collateral. Secured Party shall be deemed to have may take possession of any or all of the Collateral in transit to it or set apart for it (or, in either case, any of its agents, affiliates or correspondents)covered hereby.

Appears in 6 contracts

Samples: Te Fossil Security Agreement (FirstEnergy Generation Corp.), Cei Nuclear Security Agreement (FirstEnergy Generation Corp.), Te Nuclear Security Agreement (FirstEnergy Generation Corp.)

Possession of Collateral. The Secured Party shall be deemed to have possession of any of the Collateral in transit to it or set apart for it it. Otherwise the Collateral shall remain in Debtor's constructive possession and control at all times, at Debtor's risk of loss, and shall (or, except for sales permitted by Section 6.4 of the Credit Agreement) be kept at the locations represented in either case, any of its agents, affiliates or correspondents)Section 3.3.

Appears in 3 contracts

Samples: Security Agreement (Edge Petroleum Corp), Security Agreement (Primeenergy Corp), Security Agreement (Middle Bay Oil Co Inc)

Possession of Collateral. Secured Party shall be deemed to -------------------------- have possession of any Collateral in transit to it or set apart for it (or, in either case, any of its agents, affiliates or correspondents).

Appears in 3 contracts

Samples: Pledge and Security Agreement (St Mary Land & Exploration Co), Guaranty Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co)

Possession of Collateral. Secured Party shall be deemed to have possession of any of the Collateral in transit to it or set apart for it it. Otherwise, the Collateral shall remain in Debtor’s possession or control at all times (or, except where Secured Party chooses to perfect its security interest by possession in either case, any addition to the filing of a financing statement) at Debtor’s risk of loss and shall (except for temporary removal consistent with its agents, affiliates normal use) be kept at locations owned or correspondents)leased by Borrowers.

Appears in 2 contracts

Samples: Security Agreement (Doral Energy Corp.), Security Agreement (Doral Energy Corp.)

Possession of Collateral. The Secured Party shall be deemed to have possession of any of the Collateral in transit to it or set apart for it it. Otherwise the Collateral shall remain in Debtor’s constructive possession and control at all times, at Debtor’s risk of loss, and shall (or, except for sales permitted by Section 6.4 of the Credit Agreement) be kept at the locations represented in either case, any of its agents, affiliates or correspondents)Section 3.3.

Appears in 2 contracts

Samples: Amended and Restated Security Agreement (Primeenergy Corp), Security Agreement (Primeenergy Corp)

Possession of Collateral. Secured Party shall be deemed to have possession of any of the Collateral in transit to it or set apart for it. Otherwise the Collateral shall remain in Debtor's possession or control at all times at Debtor's risk of loss and shall (except for temporary removal consistent with its normal use) be kept at the locations represented pursuant to Section 3.06 and any other location specified in writing to Secured Party, where Secured Party may inspect it (or, in either case, at any of its agents, affiliates or correspondents)time.

Appears in 1 contract

Samples: Security Agreement (Temtex Industries Inc)

Possession of Collateral. Secured Party shall be deemed to have possession of any of the Collateral in transit to it or set apart for it (or, it. Otherwise the Collateral shall remain in either case, any Debtor’s possession or control at all times at Debtor’s risk of its agents, affiliates or correspondents)loss.

Appears in 1 contract

Samples: Security Agreement (Lucas Energy, Inc.)

Possession of Collateral. Secured Party shall be deemed to have possession of any of the Collateral in transit to it or set apart for it (or, in either case, any of its agents, affiliates or correspondents)it.

Appears in 1 contract

Samples: Stock Pledge Agreement (KCS Energy Inc)

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Possession of Collateral. The Secured Party shall be deemed to have possession of any Collateral in transit to it or set apart for it (or, in either case, any of its agents, affiliates or correspondents).

Appears in 1 contract

Samples: Security Agreement (Panda Interfunding Corp)

Possession of Collateral. Secured Party ------------------------ shall be deemed to have possession of any Collateral in transit to it or set apart for it (or, in either case, any of its agents, affiliates or correspondents).

Appears in 1 contract

Samples: Security Agreement (Willbros Group Inc)

Possession of Collateral. Secured Party shall be deemed to have possession of any Collateral in transit to it or set apart for it (or, in either case, or any of its agents, affiliates or correspondents).

Appears in 1 contract

Samples: Pledge Agreement (American Standard Energy Corp.)

Possession of Collateral. Secured Party shall be deemed to have possession of any Collateral in transit to it or set apart for it (or, in either case, to or for any of its agents, affiliates or correspondents).

Appears in 1 contract

Samples: Security Agreement (Purina Mills Inc)

Possession of Collateral. Secured Party shall be deemed to have possession of any of the Collateral in transit to it or set apart for it (or, or its agent. Otherwise the Collateral shall remain in either case, any the possession or control of its agents, affiliates or correspondents)Debtors at all times at the risk of loss of Debtors.

Appears in 1 contract

Samples: Security Agreement (AMERICAN EAGLE ENERGY Corp)

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