Common use of Accounts and Pledged Indebtedness Clause in Contracts

Accounts and Pledged Indebtedness. All Accounts and Pledged Indebtedness owed by any Affiliate of the Obligors shall be on open account and shall not be evidenced by any note or other instrument; PROVIDED, HOWEVER, that all Pledged Indebtedness owed by any Affiliate of any Obligor shall, if the Agent requests, be evidenced by a promissory note, which note shall be delivered to the Agent after having been endorsed in blank. Each Obligor will, immediately upon the receipt thereof, deliver to the Agent any promissory note or similar instrument representing any Pledged Indebtedness, after having endorsed such promissory note or instrument in blank.

Accounts and Pledged Indebtedness. All Accounts and Pledged Indebtedness owed by any an Affiliate of the Obligors any Obligor shall be on open account and shall not be evidenced by any note or other instrument; PROVIDEDprovided, HOWEVERhowever, that all Pledged Indebtedness owed by any an Affiliate of any Obligor shall, if the Agent requests, be evidenced by a promissory note, which note shall be delivered to the Agent after having been endorsed in blank. Each Obligor will, immediately upon the receipt thereof, deliver to the Agent any promissory note or similar instrument representing any Account or Pledged Indebtedness, after having endorsed such promissory note or instrument in blank.

Accounts and Pledged Indebtedness. All Accounts and Pledged Indebtedness owed by any Affiliate of the Obligors shall be on open account and shall not be evidenced by any note or other instrument; PROVIDEDprovided, HOWEVERhowever, that all Pledged Indebtedness owed by any Affiliate of any Obligor shall, if the Agent requests, be evidenced by a promissory note, which note shall be delivered to the Agent after having been endorsed in blank. Each Obligor will, immediately upon the receipt thereof, deliver to the Agent any promissory note or similar instrument representing any Pledged Indebtedness, after having endorsed such promissory note or instrument in blank.

Accounts and Pledged Indebtedness. All Accounts and Pledged Indebtedness owed by any an Affiliate of the Obligors any Obligor shall be on open account and shall not be evidenced by any note or other instrument; PROVIDEDprovided, HOWEVERhowever, that all Pledged Indebtedness owed by any an Affiliate of any Obligor shall, if the Managing Agent requests, be evidenced by a promissory note, which note shall be delivered to the Managing Agent after having been endorsed in blank. Each Obligor will, immediately upon the receipt thereof, deliver to the Managing Agent any promissory note or similar instrument representing any Account or Pledged Indebtedness, after having endorsed such promissory note or instrument in blank.

Accounts and Pledged Indebtedness. All Accounts and --------------------------------- Pledged Indebtedness owed by any Affiliate of the Obligors shall be on open account and shall not be evidenced by any note or other instrument; PROVIDEDprovided, HOWEVERhowever, that all Pledged Indebtedness owed by any Affiliate of -------- ------- any Obligor shall, if the Agent requests, be evidenced by a promissory note, which note shall be delivered to the Agent after having been endorsed in blank. Each Obligor will, immediately upon the receipt thereof, deliver to the Agent any promissory note or similar instrument representing any Pledged Indebtedness, after having endorsed such promissory note or instrument in blank.