Common use of Warehouse Receipts Non-Negotiable Clause in Contracts

Warehouse Receipts Non-Negotiable. Debtor 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 Code).

Appears in 1 contract

Samples: Loan Agreement (Coolbrands International Inc)

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Warehouse Receipts Non-Negotiable. Debtor agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with in respect to of any of its inventory, the Collateral such warehouse receipt or receipt in the nature thereof shall not be "negotiable" (as such term is used in Section 7-104 7.104 of the CodeDCC).

Appears in 1 contract

Samples: Security Agreement (Sielox Inc)

Warehouse Receipts Non-Negotiable. To the extent practicable, the Debtor agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its inventorythe Collateral, the Debtor shall request that such warehouse receipt or receipt in the nature thereof shall not be "negotiable" (as such term is used in Section 7-104 7‑104 of the CodeUniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law).

Appears in 1 contract

Samples: Security Agreement (TAL International Group, Inc.)

Warehouse Receipts Non-Negotiable. Debtor 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 Inventory, Debtor 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 CodeCode or under other relevant law).

Appears in 1 contract

Samples: Security Agreement (Locateplus Holdings Corp)

Warehouse Receipts Non-Negotiable. To the extent practicable, the Debtor agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its inventorythe Collateral, the Debtor shall request that such warehouse receipt or receipt in the nature thereof shall not be "negotiable" (as such term is used in Section 7-104 of the CodeUniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law).

Appears in 1 contract

Samples: Security Agreement (TAL International Group, Inc.)

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Warehouse Receipts Non-Negotiable. Debtor The Partnership agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt or other Document is issued with respect to any of its inventoryInventory, 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 or similar provision of the CodeUniform Commercial Code as in effect in any relevant jurisdiction or under other Applicable Law).

Appears in 1 contract

Samples: Assignment and Security Agreement (Tenaska Georgia Partners Lp)

Warehouse Receipts Non-Negotiable. Debtor 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 inventoryInventory, 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 CodeUniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law).

Appears in 1 contract

Samples: Security Agreement (Panda Interfunding Corp)

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