Titled Assets. After an Event of Default, Borrower shall cause the respective titles of all Collateral which are titled in the name of any Covered Person to reflect thereon that Administrative Agent, as agent for itself and the other Lenders, as the first and only lienholder thereon, and shall deliver, at Administrative Agent's request, originals of all such titles to Administrative Agent.
Appears in 2 contracts
Samples: Credit Facilities Agreement (Pomeroy Computer Resources Inc), Credit Facilities Agreement (Pomeroy It Solutions Inc)
Titled Assets. After an Event of DefaultDefault has occurred, upon Administrative Agent’s request, Borrower shall promptly cause the respective titles of all Collateral which are titled in the name of any Covered Person to reflect thereon that Administrative Agent, as agent for itself and the other Lenders, as the first and only lienholder thereon, and shall deliver, at Administrative Agent's ’s request, originals of all such titles to Administrative Agent.
Appears in 1 contract
Samples: Credit Facilities Agreement (MTM Technologies, Inc.)
Titled Assets. After Upon the occurrence and continuance of an Event of Default, Borrower shall shall, at Administrative Agent's request, cause the respective titles of all Collateral which are titled in the name of any Covered Person to reflect thereon that Administrative Agent, as agent for itself and the other Lenders, as the first and only lienholder thereon, and shall deliver, at Administrative Agent's request, deliver originals of all such titles to Administrative Agent.
Appears in 1 contract
