Common use of Special Collateral Clause in Contracts

Special Collateral. Immediately upon receipt by any Borrower of that portion of Collateral evidenced or secured by an agreement, letter of credit, instrument and/or document, including, without limitation, promissory note, documents of title and warehouse receipts ("Special Collateral"), each 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 endorsements, the documents required to draw thereunder (as may be relevant to letters of credit) and/or other specific evidence of assignment (in form and substance satisfactory to Bank).

Special Collateral. Immediately upon receipt by any Borrower of that portion of Collateral evidenced or secured by an agreement, letter of credit, instrument and/or document, including, without limitation, promissory notenotes, documents of title and warehouse receipts ("Special Collateral"), each Borrower shall mark xxx the same to show that such Special Collateral is subject to a security sexxxxty interest in favor of Bank, and shall deliver the original thereof to Bank, together with appropriate endorsements, the documents required to draw thereunder (as may be relevant to letters of credit) and/or other specific evidence of assignment (in form and substance satisfactory to Bank).

Special Collateral. Immediately upon receipt by any Borrower of that portion of Collateral evidenced or secured by an agreement, letter of credit, instrument and/or document, including, without limitation, promissory note, documents of title and warehouse receipts ("Special Collateral"), each 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 endorsements, the documents required to draw thereunder (as may be relevant to letters of credit) and/or other specific evidence of assignment (in form and substance satisfactory to Bank).

Special Collateral. Immediately upon receipt by any Borrower of that portion of Collateral evidenced or secured by an agreement, letter of credit, instrument and/or document, including, without limitation, promissory note, documents of title and warehouse receipts ("Special Collateral"), each Borrower shall mark xxx xxxx the 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 endorsements, the documents required to draw thereunder (as may be relevant to letters of credit) and/or other specific evidence of assignment (in form and substance satisfactory to Bank).