Bailee. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall, upon the request of Agent, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.
Bailee. Nothing in this Lease shall confer on the Lessee any right or property or interest in or to the Vehicle and the Lessee shall be a bailee only.
Bailee. Lender appoints Company, and Company shall act, as its bailee to (i) hold in trust for Lender (A) the original recorded copy of the mortgage, deed of trust, or trust deed securing each Pledged Mortgage, (B) a mortgagee policy of title insurance (or binding unexpired and unconditional commitment to issue such insurance if the policy has not yet been delivered to Company) insuring the Company's perfected, first priority Lien created by that mortgage, deed of trust, or trust deed, (C) the original insurance policies for each Pledged Mortgage, and (D) all other original documents relating to each Pledged Mortgage, including any promissory notes, any other loan documents, and supporting documentation, surveys, settlement statements, closing instructions, to the extent that any such documents are in the possession of the Company and (ii) deliver to Lender any of the foregoing items immediately upon Lender's request.
Bailee. Lender appoints each Borrower - and each Borrower shall act - as its bailee to (i) hold in trust for Lender (A) the original recorded copy of the mortgage, deed of trust, or trust deed securing each Pledged Mortgage pledged by it, (B) a mortgagee policy of title insurance (or binding unexpired and unconditional commitment to issue such insurance if the policy has not yet been delivered to Company) insuring such Borrower's perfected, first priority Lien created by that mortgage, deed of trust, or trust deed, (C) the original insurance policies for each Pledged Mortgage pledged by it, and (D) all other original documents relating to each Pledged Mortgage pledged by it, including any promissory notes, any other loan documents and supporting documentation, surveys, settlement statements, closing instructions, and Mortgage-backed Securities, and (ii) deliver to Lender any of the foregoing items as soon as reasonably practicable upon Lender's request.
Bailee. Lender appoints Company and Company shall act as its bailee to (i) hold in trust for Lender (A) the original recorded copy of the mortgage, deed of trust, or trust deed securing each Pledged Mortgage, (B) a mortgagee policy of title insurance (or binding unexpired and unconditional commitment to issue such insurance if the policy has not yet been delivered to Company) insuring the Company's perfected Lien created by that mortgage, deed of trust, or trust deed, (C) the original insurance policies for each Pledged Mortgage, and (D) all other original documents relating to each Pledged Mortgage, including any promissory notes, any other loan documents, and supporting documentation, surveys, settlement statements, closing instructions, and Mortgage-backed Securities, and (ii) deliver to Lender any of the foregoing items as soon as reasonably practicable upon Lender's request.
Bailee. Assignor shall hold all Collateral that constitutes possessory collateral (including but not limited to the Term Loan Notes) in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the benefit of NewCo and any assignee solely for the purpose of perfecting the security interest granted in such Collateral, if any; provided that Assignor shall, at any time upon NewCo’s written request, promptly deliver any of the Term Loan Notes and corresponding allonges to NewCo (or otherwise allow NewCo to obtain control of such Possessory Collateral).
Bailee. Until delivery thereof pursuant to the Custodial Agreement, the Borrower shall hold the Loan Notes and the Loan Documents (except for the Loan Notes which shall be held by the Custodian as bailee for the Administrative Agent), as bailee and agent for the Administrative Agent, and the SBA, as their interests may appear.
Bailee. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any Obligor's agents or processors, such Obligor shall, upon the request of Agent, notify such warehouseman, bailee, agent or processor of the security interests in favor of Agent, for the benefit of Agent and Lenders, created hereby and shall instruct such Person to hold all such Collateral for Agent's account subject to Agent's instructions.
Bailee. The Custodian hereby agrees to act as bailee hereunder for the purpose of taking custody of the Mortgage Notes, Mortgages and Assignments of Mortgage. With respect to each Mortgage Note, Mortgage and Assignment of Mortgage which is delivered to the Custodian or which at any time comes into the possession of the Custodian pursuant to the terms of this Agreement, the Custodian shall, subject to Section 19, hold such Mortgage Note, Mortgage and Assignment of Mortgage as bailee for the Issuer. In accordance with Section 19, the Custodian acknowledges and agrees that the rights of the Issuer under this Agreement have been assigned to the Collateral Agent for the benefit of the Secured Parties and that, until notified in writing by the Collateral Agent that all Obligations have been paid in full, the Custodian shall act exclusively as bailee for the Collateral Agent. The Custodian shall dispose of any Mortgage Note, Mortgage and Assignment of Mortgage only in accordance with the instructions furnished to it by the Person for whom the Custodian is then acting as bailee or as otherwise authorized by this Agreement.
Bailee. The term "Bailee" means the United States General Services Administration (GSA) as represented by persons authorized to act on behalf of the Government. The Bailee is the party who receives the bailed or delivered property from the Xxxxxx.
