Immediately upon Borrower definition

Immediately upon Borrower s receipt of that portion of the Collateral evidenced by an agreement, instrument and/or document ("Special Collateral"), Borrower shall ▇▇▇▇ the same to show that such Special Collateral is subject to a security interest in favor of Bank and shall deliver the original thereof to Bank, together with appropriate endorsement and/or specific evidence of assignment (in form and substance acceptable to Bank) thereof to Bank.

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Immediately upon Borrower s receipt of that portion of the Collateral consisting of Loan Packages, chattel paper and/or evidenced by an instrument and/or document, Borrower shall mark the same to show t▇▇▇ such Collateral is subject to a security interest in favor of Lender and shall deliver the original thereof to Lender, together with appropriate endorsement and/or other specific evidence of assignment thereof to Lender, in form and substance acceptable to Lender.

Immediately upon Borrower s failure to (i) pay any taxes due on the Collateral prior to such taxes being delinquent, or (ii) maintain insurance on the Collateral of the types and in the amounts required under this Agreement;

Examples of Immediately upon Borrower in a sentence

Immediately upon Borrower Group’s receipt of that portion of the Collateral which is or becomes evidenced by an agreement, instrument and/or document, including, without limitation, promissory notes, trade acceptances, documents of title and warehouse receipts (the “Special Collateral”), Borrower Group shall deliver the original thereof to Lender, together with appropriate endorsements or other specific evidence (in form and substance acceptable to Lender) of assignment thereof to Lender.
Immediately upon Borrower becoming aware of any condition or event which constitutes an Event of Default or Default or any default or event of default under any other loan, mortgage, financing or security agreement, the Borrower will give the Bank a written notice thereof specifying the nature and period of existence thereof and what actions, if any, the Borrower is taking and proposes to take with respect thereto.
Immediately upon Borrower or any of its Relevant Subsidiaries obtaining a License, a description of such License, such description to include (i) the date such License was awarded to Borrower or any of its Relevant Subsidiaries, (ii) the registered holder of such License (whether Borrower or one of its Relevant Subsidiaries), (iii) the value of the Total License Bid with respect to such License, and (iv) the spectrum block of such License and the "basic trading area" covered by such License.
Immediately upon Borrower ceasing to be Streamline Facility Eligible, provide Bank with a current aging of Accounts and, to the extent not previously delivered to Bank, a copy of the invoice for each Eligible Foreign Account and an Advance Request and Invoice Transmittal and Export Order with respect to each such Account.

More Definitions of Immediately upon Borrower

Immediately upon Borrower s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities, Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower's attorney and agent-in-fact, to endorse or assign the same on Borrower's behalf.

Immediately upon Borrower s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities (including, but not limited to, Bonds), Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower's attorney and agent-in-fact, to endorse or assign the same on Borrower's behalf.

Immediately upon Borrower s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document including, without limitation, any Chattel Paper, Borrower shall deliver the original thereof to LaSalle together with an appropriate endorsement or other specific evidence of assignment thereof to LaSalle (in form and substance acceptable to LaSalle). If an endorsement or assignment of any such items shall not be made for any reason, LaSalle is hereby irrevocably authorized, as Borrower's attorney and agent-in-fact, to endorse or assign the same on Borrower's behalf.