Common use of Replevin Clause in Contracts

Replevin. In the event Bank seeks possession of the Collateral through replevin or other court process, Borrower and each Subsidiary hereby irrevocably waive: (a) any bond, surety or security required as an incident to such possession, and (b) any demand for possession of the Collateral prior to commencement of any suit or action to recover possession thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sigmatron International Inc), Loan and Security Agreement (Prism Financial Corp)

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Replevin. In the event Bank seeks possession of the Collateral through replevin or other court process, Borrower and each Subsidiary hereby irrevocably waivewaives: (a) any bond, surety or security required as an incident to such possession, and (b) any demand for possession of the Collateral prior to commencement of any suit or action to recover possession thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Heartland Technology Inc), Loan and Security Agreement (Aasche Transportation Services Inc)

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Replevin. In the event Bank seeks possession of the Collateral through replevin or other court process, each Borrower and each Subsidiary hereby irrevocably waivewaives: (a) any bond, surety or security required as an incident to such possession, and (b) any demand for possession of the Collateral prior to commencement of any suit or action to recover possession thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Paul Harris Stores Inc)

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