Common use of Third Parties in Possession of Collateral Clause in Contracts

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. Except in connection with sales of Accounts as otherwise permitted by SECTION 11.8 Section 4.2 and subject to Section 10.10 of the Credit Agreement, Debtor shall not permit any third Person (including any warehouseman, bailee, agent, consignee, consignee or processor) to hold any Collateral, unless Debtor it shall: (a) notify such third Person of the security interests created hereby; (b) instruct such Person to hold all such Collateral for Secured PartyAgent's account subject to Secured PartyAgent's instructions; and (c) subject to Section 4.2, take all other actions Secured Party 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 such the warehouseman, bailee, consignee, agent, processor, processor or other third Person is located (including the filing of a financing statements statement in the proper jurisdictions jurisdiction naming the applicable third Person as debtor and Debtor it as secured party and notifying the third Person's secured lenders of Debtor's its interest in such Collateral before the third Person receives possession of the Collateral in question).

Third Parties in Possession of Collateral. Except Other than in connection with sales repairs or maintenance to such Collateral, and subject to the terms of Accounts permitted by SECTION 11.8 Section 8.10 of the Credit Agreement, Debtor it shall not permit any third Person (including any warehouseman, bailee, agent, consignee, consignee or processor) to hold any Collateral, unless Debtor it shall: (ai) notify such third Person of the security interests created hereby; (bii) instruct such Person to hold all such Collateral for Secured Party's account subject to Secured Party's instructions; and (ciii) take all other actions the Secured Party 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 such the warehouseman, bailee, consignee, agent, processor, processor or other third Person is located (including the filing of a financing statements statement in the proper jurisdictions jurisdiction naming the applicable third Person as debtor and the applicable 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. 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: : (ai) notify such third Person of the security interests created hereby; (bii) instruct such Person to hold all such Collateral for Secured Party's account subject to Secured Party's instructions; and (ciii) 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. Except in connection with sales of Accounts permitted by SECTION 11.8 of the Credit Agreement, Debtor shall not permit any third Person Person, except for the engagement of third party contractors in connection with the administration and disposition of receivables, (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. 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: : (ai) notify such third Person of the security interests created hereby; (bii) instruct such Person to hold all such Collateral for Secured Party's account subject to Secured Party's instructions; and (ciii) 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. Except in connection with sales of Accounts as otherwise permitted by SECTION 11.8 Section 10.10 of the Credit Agreement, Debtor shall not permit any third Person (including any warehouseman, bailee, agent, consignee, consignee or processor) to hold any Collateral, unless Debtor shall: : (ai) notify such third Person of the security interests created hereby; (bii) instruct such Person to hold all such Collateral for Secured Party's account subject to Secured Party's instructions; and (ciii) take all other actions the Secured Party 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 such the warehouseman, bailee, consignee, agent, processor, processor or other third Person is located (including the filing of a financing statements statement in the proper jurisdictions 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. Except in connection with sales of Accounts as otherwise permitted by SECTION 11.8 of the Credit AgreementSection 4.2(b)(v)(D), Debtor shall not permit any third Person (including any warehouseman, bailee, agent, consignee, consignee or processor) to hold any Collateral, unless Debtor it shall: (a) notify such third Person of the security interests created hereby; (b) instruct such Person to hold all such Collateral for Secured PartyAdministrative Agent's account subject to Secured Partythe Administrative Agent's instructions; and (c) subject to Section 4.2, take all other actions Secured Party as the Administrative Agent reasonably deems necessary requests in writing 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 such the warehouseman, bailee, consignee, agent, processor, processor or other third Person is located (including the filing of a financing statements statement in the proper jurisdictions jurisdiction naming the applicable third Person as debtor and Debtor the Administrative Agent as secured party and notifying the third Person's secured lenders of Debtorthe Administrative Agent's interest in such Collateral before the third Person receives possession of the Collateral in question).

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, consignee or processor) to hold any Collateral, unless Debtor it shall: (ai) notify such third Person of the security interests created hereby; (bii) instruct such Person to hold all such Collateral for Secured Party's account subject to Secured Party's instructions; and (ciii) take all other actions the Secured Party 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 such the warehouseman, bailee, consignee, agent, processor, processor or other third Person is located (including the filing of a financing statements statement in the proper jurisdictions jurisdiction naming the applicable third Person as debtor and Debtor it as secured party and notifying the third Person's secured lenders of Debtor's its interest in such Collateral before the third Person receives possession of the Collateral in question).

Third Parties in Possession of Collateral. Except in connection with sales of Accounts as otherwise permitted by SECTION 11.8 of the Credit AgreementSection 4.2, each Debtor shall not permit any third Person (including any warehouseman, bailee, agent, consignee, to have or processor) to hold obtain possession of or control over any Collateral, unless such 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 Agent’s account subject to Secured Party's instructionsAgent’s instructions (which instructions may only be provided by Agent during the existence of a Default and otherwise in accordance with this Agreement and the other Loan Documents); and (c) subject to Section 4.2, take all other actions Secured Party Agent reasonably deems necessary to perfect and protect its and such Debtor's ’s interests in such Collateral pursuant to the requirements of the UCC of the applicable jurisdiction where such the warehouseman, bailee, consignee, agent, processor, processor or other third Person is located (including the filing of a financing statements statement in the proper jurisdictions jurisdiction naming the applicable third Person as debtor and Debtor it as secured party and notifying the third Person's ’s secured lenders of Debtor's its interest in such Collateral before the third Person receives possession of the Collateral in question).

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 Person, except for the engagement of third party contractors in connection with the administration and disposition of receivables, (including any warehouseman, bailee, agent, consignee, or processor) to hold any Collateral, unless Debtor shall: : (ai) notify such third Person of the security interests created hereby; (bii) instruct such Person to hold all such Collateral for Secured Party's account subject to Secured Party's instructions; and (ciii) 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).