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 Uniform Commercial Code as adopted by the State of Texas).
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Samples: Security Agreement (Probex Corp), Security Agreement (Probex Corp)
Warehouse Receipts Non-Negotiable. Debtor agrees that if any warehouse receipt, receipt or receipt in the nature of a warehouse receipt, receipt is issued with respect to any of its inventoryCompressor Equipment or Inventory, such warehouse receipt, receipt or receipt in the nature thereof, thereof shall not be "negotiable" (as such term is used in Section 7-104 of the Uniform Commercial Code as adopted by the State of Texas).
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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 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 adopted by the State of TexasNew York).
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