Warehouse Receipts Non-Negotiable. Each Pledgor agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its Inventory, such warehouse receipt or receipt in the nature thereof shall not be "negotiable" (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law).
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Samples: Security Agreement (Appliance Warehouse of America Inc), Security Agreement (Coinmach Corp), Security Agreement (Appliance Warehouse of America Inc)
Warehouse Receipts Non-Negotiable. Each The Pledgor agrees --------------------------------- that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its Inventory, such warehouse receipt or receipt in the nature thereof shall not be "negotiable" (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law).
Appears in 2 contracts
Samples: Security Agreement (Coinmach Laundry Corp), Security Agreement (Coinmach Corp)
Warehouse Receipts Non-Negotiable. Each Pledgor agrees that if If any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its Inventorythe Pledged Collateral, the applicable Pledgor shall not permit such warehouse receipt or receipt in the nature thereof shall not to be "negotiable" (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction UCC or under other relevant law).
Appears in 2 contracts
Samples: Security Agreement (Colony Rih Acquisitions Inc), And Restated Security Agreement (Actuant Corp)
Warehouse Receipts Non-Negotiable. Each Pledgor agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its Inventory, such warehouse receipt or receipt in the nature thereof shall not be "βnegotiable" β (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law).
Appears in 2 contracts
Samples: Security Agreement (Coinmach Service Corp), Pledge Agreement (Coinmach Service Corp)
Warehouse Receipts Non-Negotiable. Each Pledgor agrees that if If any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its the Inventory, no Pledgor shall permit such warehouse receipt or receipt in the nature thereof shall not to be "negotiable" (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law).
Appears in 1 contract
Samples: Reducing Revolving Credit Agreement (Di Industries Inc)
Warehouse Receipts Non-Negotiable. Each Pledgor The Partnership agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its Inventory, such warehouse receipt or receipt in the nature thereof shall not be drawn in such a manner as to be "'negotiable" (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law).
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Warehouse Receipts Non-Negotiable. Each Pledgor agrees that if If any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its the Inventory, the applicable Pledgor shall not permit such warehouse receipt or receipt in the nature thereof shall not to be "negotiable" (as such term is used in Section SECTION 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction UCC or under other relevant law).
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Warehouse Receipts Non-Negotiable. Each Pledgor agrees that if If any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its the Inventory, Pledgors shall not permit such warehouse receipt or receipt in the nature thereof shall not to be "negotiable" (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction UCC or under other relevant law).
Appears in 1 contract
Samples: Securities Pledge Agreement (American Telecasting Inc/De/)
Warehouse Receipts Non-Negotiable. Each Pledgor The Partnership agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its Inventory, such warehouse receipt or receipt in the nature thereof shall not be drawn in such a manner as to be "negotiable" (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law).
Appears in 1 contract
Warehouse Receipts Non-Negotiable. Each Pledgor agrees that if If any warehouse receipt or --------------------------------- receipt in the nature of a warehouse receipt is issued with respect to any of its the Inventory, Pledgor shall not permit such warehouse receipt or receipt in the nature thereof shall not to be "negotiable" (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction UCC or under other relevant law).
Appears in 1 contract
Samples: Borrower General Security Agreement (Carson Products Co)
Warehouse Receipts Non-Negotiable. Each Pledgor agrees that if If any warehouse receipt or receipt in the nature of a warehouse receipt is issued after the date hereof with respect to any of its the Inventory, the applicable Pledgor shall not permit such warehouse receipt or receipt in the nature thereof shall not to be "negotiable" (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction UCC or under other relevant law).
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