Freight Forwarding Agreement definition
Freight Forwarding Agreement means a multi-party agreement in a form and substance satisfactory to Collateral Agents among a Borrower, a customs broker, freight forwarder, or other carrier, and the applicable Collateral Agents in which the customs broker, freight forwarder, or other carrier acknowledges that it has control over (in the case of persons other than carriers which are issuing non-negotiable bills of lading) and holds the documents evidencing ownership of the subject Inventory or other property for the benefit of such Collateral Agents and agrees, upon notice from such Collateral Agent to hold and dispose of the subject Inventory and other property solely as directed by the such Collateral Agent.
Freight Forwarding Agreement means a multi-party agreement in a form and substance reasonably satisfactory to Agent among a Borrower, a customs broker, freight forwarder, or other carrier, and Agent in which the customs broker, freight forwarder, or other carrier acknowledges that it has control over (in the case of persons other than carriers which are issuing non- negotiable bills of lading) and holds the documents evidencing ownership of the subject Inventory or other property for the benefit of Agent and agrees, upon notice from Agent to hold and dispose of the subject Inventory and other property solely as directed by Agent.
Examples of Freight Forwarding Agreement in a sentence
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇ ------------------------------------ Name: ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇ ------------------------------ Title: VICE PRESIDENT ----------------------------- Holder Representative: LAGE LLC By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ------------------------------------ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇ ------------------------------ Title: PRESIDENT ----------------------------- Company: KEYSTONE AUTOMOTIVE OPERATIONS, INC.