Storage of Collateral with Bailees and Warehousemen. Collateral shall not be stored with a bailee, warehouseman or similar party without the prior written consent of IBM Credit unless Customer will, concurrently with the delivery of such Collateral to such party, cause such party to issue and deliver to IBM Credit, warehouse receipts in the name of IBM Credit evidencing the storage of such Collateral.
Appears in 16 contracts
Samples: Financing Agreement (Datatec Systems Inc), Financing Agreement (Datatec Systems Inc), Capital Financing Agreement (Ameriquest Technologies Inc)
Storage of Collateral with Bailees and Warehousemen. Collateral shall not be stored with a bailee, warehouseman or similar party without the prior written consent of IBM Credit unless Customer the Loan Party or Guarantor will, concurrently with the delivery of such Collateral to such party, cause such party to issue and deliver to IBM Credit, warehouse receipts in the name of IBM Credit evidencing the storage of such Collateral.
Appears in 2 contracts
Samples: Execution Copy (Microage Inc /De/), Agreement for Wholesale (Microage Inc /De/)
Storage of Collateral with Bailees and Warehousemen. Collateral shall not be stored with a bailee, warehouseman or similar party without the prior written consent of IBM Credit unless Customer willCustomer, concurrently with the delivery of such Collateral to such party, cause causes such party to issue and deliver to IBM Credit, in form and substance satisfactory to IBM Credit, warehouse receipts in the name of IBM Credit evidencing the storage of such Collateral.
Appears in 2 contracts
Samples: Working Capital Financing and Term Loan Agreement (Radius Inc), Financing and Term Loan Agreement (Ibm Credit Corp)
Storage of Collateral with Bailees and Warehousemen. Collateral shall not be stored with a bailee, warehouseman or similar party without the prior written consent of IBM Credit unless Customer will, concurrently with the delivery of such Collateral to such party, cause such party to issue and deliver to IBM Credit, warehouse receipts in the name of IBM Credit evidencing the storage of such Collateral. Inventory stored in a location controlled by International Business Machines Corporation shall not be a violation of this Negative Covenant.
Appears in 2 contracts
Samples: Financing Agreement (Syscomm International Corp), Financing Agreement (Syscomm International Corp)
Storage of Collateral with Bailees and Warehousemen. Collateral shall not be stored with a bailee, warehouseman or similar party without the prior written consent of IBM Credit unless Customer Customers will, concurrently with the delivery of such Collateral to such party, cause such party to issue and deliver to IBM Credit, warehouse receipts in the name of IBM Credit evidencing the storage of such Collateral.
Appears in 1 contract
Samples: Financing Agreement (Savoir Technology Group Inc/De)
Storage of Collateral with Bailees and Warehousemen. Collateral shall not be stored with a bailee, warehouseman or similar party without the prior written consent of IBM Credit unless Customer the Credit Parties will, concurrently with the delivery of such Collateral to such party, cause such party to issue and deliver to IBM Credit, warehouse receipts in the name of IBM Credit evidencing the storage of such Collateral.
Appears in 1 contract
Storage of Collateral with Bailees and Warehousemen. Collateral shall not be stored with a bailee, warehouseman or similar party without the prior written consent of IBM Credit unless Customer the Loan Party will, concurrently with the delivery of such Collateral to such party, cause such party to issue and deliver to IBM Credit, warehouse receipts in the name of IBM Credit evidencing the storage of such Collateral.
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