Third Parties in Possession of Collateral. Except in connection with sales of Accounts permitted by SECTION 11.8 of the Credit Agreement, Debtor shall not permit any third Person (including any warehouseman, bailee, agent, consignee, or processor) to hold any Collateral, unless Debtor shall:
(a) notify such third Person of the security interests created hereby; (b) instruct such Person to hold all such Collateral for Secured Party's account subject to Secured Party's instructions; and (c) take all other actions Secured Party reasonably deems necessary to perfect and protect its and Debtor's interests in such Collateral pursuant to the requirements of the UCC of the applicable jurisdiction where such warehouseman, bailee, consignee, agent, processor, or other third Person is located (including the filing of financing statements in the proper jurisdictions naming the applicable third Person as debtor and Debtor as secured party and notifying the third Person's secured lenders of Debtor's interest in such Collateral before the third Person receives possession of the Collateral in question).
Third Parties in Possession of Collateral. It shall not permit any third Person (including any warehouseman, bailee, agent, consignee or processor) to hold any Collateral, unless it shall:
Third Parties in Possession of Collateral. Except as may otherwise be permitted by Section 9.10 of the Credit Agreement, the Debtor shall not permit any third Person (including any warehouseman, bailee, agent, consignee, or processor) to hold any Collateral (other than Equipment, Fixtures, and Inventory in transit or out for repairs), unless the Debtor shall: (i) notify such third Person of the security interests created hereby; (ii) instruct such Person to hold all such Collateral for the Agent's account subject to the Agent's instructions; and (iii) take all other actions the Agent reasonably deems necessary to perfect and protect its and the Debtor's interests in such Collateral pursuant to the requirements of the UCC of the applicable jurisdiction where the warehouseman, bailee, consignee, agent, processor, or other third Person is located (including, without limitation, the filing of a financing statement in the proper jurisdiction naming the applicable third Person as debtor and the Debtor as secured party and notifying the third Person's secured lenders of the Debtor's interest in such Collateral before the third Person receives possession of the Collateral in question).
Third Parties in Possession of Collateral. The Debtor will not permit any third Person (including any warehouseman, bailee, agent, consignee or processor) (other than a third Person holding any Collateral as of the Closing Date) to hold any Collateral, unless the Debtor shall: (i) notify the Agent fifteen (15) days prior to the Debtor's placement of Collateral with such third Person; (ii) notify such third Person of the security interests created hereby; (iii) instruct such third Person to hold all such Collateral for the Agent's account subject to the Agent's instructions; and (iv) take all other actions the Agent reasonably deems necessary to perfect and protect its and the Debtor's interests in such Collateral pursuant to the requirements of the UCC of the applicable jurisdiction where the warehouseman, bailee, consignee, agent, processor, or other third Person is located, including, without limitation, (A) the filing of a financing statement in the proper jurisdiction naming the applicable third Person as debtor and the Debtor as secured party and notifying the third Person's secured lenders of the Debtor's interest in such Collateral before the third Person receives possession of the Collateral in question and (B) as provided by the Credit Agreement, obtaining waivers or subordinations of Liens from landlords or mortgagees and acknowledgments of the Agent's Liens from warehousemen, bailees, consignees, agents, processors, or other third Persons that such third Persons hold such Collateral for the benefit of Agent.
Third Parties in Possession of Collateral. Except as set forth below, no persons (including lessees, consignees, bailees and warehousemen) other than the Companies have possession of any assets (including goods, inventory and equipment) of any Company: Name/Address/City/State/Zip Code County Description of Assets and Value Nature of Possession (bailee, warehouseman, etc.)
Third Parties in Possession of Collateral. The Debtors shall not permit any third Person (including any warehouseman, bailee, agent, consignee or processor) to hold any Collateral, unless it shall:
(a) notify such third Person of the security interests created hereby; (b) instruct such Person to hold all such Collateral for the Agent's account subject to the Agent's instructions; and (c) subject to Section 4.02, take all other actions the Agent reasonably deems necessary to perfect and protect its and the Debtors' interests in such Collateral pursuant to the requirements of the Uniform Commercial Code of the applicable jurisdiction where the warehouseman, bailee, consignee, agent, processor or other third Person is located (including the filing of a financing statement in the proper jurisdiction naming the applicable third Person as debtor and it as secured party and notifying the third Person' secured lenders of its interest in such Collateral before the third Person receives possession of the Collateral in question).
Third Parties in Possession of Collateral. Each Grantor shall not ----------------------------------------- permit Inventory having an aggregate value of $50,000 to be held by any third Person.
Third Parties in Possession of Collateral. Other than in connection with repairs or maintenance to such Collateral, and subject to the terms of Section 8.10 of the Credit Agreement, it shall not permit any third Person (including any warehouseman, bailee, agent, consignee or processor) to hold any Collateral, unless it shall:
Third Parties in Possession of Collateral. Except as may be permitted by Section 9.10 of the Credit Agreement, such Debtor shall not permit any third Person (including any warehouseman, bailee, agent, consignee, or processor) to hold any Collateral (other than Equipment, Fixtures, and Inventory in transit or out for repairs), unless such Debtor shall: (i) notify such third Person of the security interests created hereby; (ii) instruct such Person to hold all such Collateral for the Agent's account subject to the Agent's instructions; and (iii) take all other actions the Agent reasonably deems necessary to perfect and protect its and such Debtor's interests in such Collateral pursuant to the requirements of the UCC of the applicable jurisdiction where the warehouseman, bailee, consignee, agent, processor, or other third Person is located (including, without limitation, the filing of a financing statement in the proper jurisdiction naming the applicable third Person as debtor and such Debtor as secured party and notifying the third Person's secured lenders of such Debtor's interest in such Collateral before the third Person receives possession of the Collateral in question).
Third Parties in Possession of Collateral. No Debtor shall permit any Inventory to be held by third Persons.
