GLENGATE APPAREL, INC. c/o Statco, Inc. 301 16th Street Jersey City, New Jersey 07310 October 22, 1998 Milberg Factors, Inc. 99 Park Avenue New York, New York 10016 Gentlemen: Pursuant to the terms of a Security Agreement (Accounts Receivable -...Security Agreement • October 30th, 1998 • Glengate Apparel Inc • Men's & boys' furnishgs, work clothg, & allied garments
Contract Type FiledOctober 30th, 1998 Company IndustryThis letter also serves as an authorization to any employee of the undersigned or any third party to grant you, and the undersigned hereby grants you, full and complete access to any premises where the Conveyed Collateral is located to allow you to take possession of any such Conveyed Collateral in order to enforce your rights against and collect the liability due to you from the undersigned. In addition, you may designate a custodian who shall have the right, among other things, to change the locks on all gates and doors providing access to such premises or the Conveyed Collateral.