Third Party Custody. In the event that any Collateral is in the possession of a third party, Bxxxxxxx shall join with Lender in notifying such third party of Lxxxxx’s security interest and obtaining an acknowledgement from such third party that it is holding such Collateral for the benefit of Lender.
Appears in 3 contracts
Samples: Loan Agreement (Snail, Inc.), Loan Agreement (Snail, Inc.), Revolving Loan and Security Agreement (Snail, Inc.)
Third Party Custody. In the event that any Collateral is in the possession of of a third party, Bxxxxxxx shall join with Lender Lxxxxx in notifying such third party of Lxxxxx’s 's security interest interest and obtaining an acknowledgement from such third party that it is holding such Collateral Collateral for the benefit of Lender.Lender.
Appears in 1 contract
Samples: Revolving Loan and Security Agreement (Snail, Inc.)
Third Party Custody. In the event that Upon written request by Xxxxxx with respect to any Collateral that is in the possession of a third party, Bxxxxxxx Xxxxxxxx shall join with Lender in notifying such third party of LxxxxxXxxxxx’s security interest and obtaining an acknowledgement from such third party that it is holding such Collateral for the benefit of Lender, which acknowledgment shall be in form and substance satisfactory to Lender, in Xxxxxx’s Permitted Discretion.
Appears in 1 contract
Samples: Revolving Loan and Security Agreement (Berry Corp (Bry))
