Common use of Special Collateral Clause in Contracts

Special Collateral. Immediately upon Borrower's receipt of that portion of the Collateral evidenced by an agreement, instrument and/or document other than as relates to Accounts as such ("Special Collateral") Borrower shall mark xxx same to show that such Special Collateral is subject to a security interest in favor of Bank and shall deliver the original thereof to Bank, together with appropriate endorsement and/or other specific evidence of assignment (in form and substance acceptable to Bank).

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Universal Electronics Inc)

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Special Collateral. Immediately upon Borrower's ’s receipt of that portion of the Collateral evidenced by an agreement, instrument and/or document other than as relates to Accounts as such ("any Special Collateral") , Borrower shall mark xxx xxxx the same to show that such Special Collateral is subject to a first position security interest and lien in favor of Bank Lender and shall deliver the original thereof to BankLender, together with an appropriate endorsement and/or or other specific evidence of assignment (in form and substance acceptable to Bank)Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (United American Healthcare Corp)

Special Collateral. Immediately upon any Borrower's receipt of that portion of the Collateral evidenced by an agreement, instrument and/or document other than as relates to Accounts as such ("any Special Collateral") , such Borrower shall mark xxx xxxx the same to show that such Special Collateral is subject to a first position security interest and lien in favor of Bank Lender and shall deliver the original thereof to BankLender, together with an appropriate endorsement and/or or other specific evidence of assignment (in form and substance acceptable to Bank)Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Vita Food Products Inc)

Special Collateral. Immediately upon any Borrower's receipt of that portion of the Collateral evidenced by an agreement, instrument and/or document other than as relates to Accounts as such ("Special Collateral") ), such Borrower shall mark xxx the same to show that such Special Xxxcial Collateral is subject to a security interest in favor of Bank Lender and shall deliver the original thereof to BankLender, together with appropriate endorsement and/or other specific evidence of assignment (in form and substance acceptable to Bank)Lender) thereof to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Circuit Systems Inc)

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Special Collateral. Immediately upon Borrower's receipt of that portion ------------------ of the Collateral evidenced by an agreement, instrument and/or document other than as relates to Accounts as such ("consisting of Special Collateral") , Borrower shall mark xxx xxxx the same to show that such Special Collateral is subject to a security interest in favor of Bank Lender and shall deliver the original thereof to BankLender, together with appropriate endorsement and/or other specific evidence of assignment (thereof to Lender, in form and substance acceptable to Bank)Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Icon Holdings Corp)

Special Collateral. Immediately upon Borrower's ’s receipt of that portion any Special Collateral with a value of the Collateral evidenced by an agreement$10,000 or more, instrument and/or document other than as relates to Accounts as such ("Special Collateral") Borrower shall mark xxx xxxx the same to show that such Special Collateral is subject to a first position security interest and lien in favor of Bank Lender and shall deliver the original thereof to BankLender, together with an appropriate endorsement and/or or other specific evidence of assignment (in form and substance acceptable to Bank)Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Total Apparel Group , Inc.)

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