Common use of Bailees Clause in Contracts

Bailees. 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 Lender, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender created hereby and shall instruct such Person to hold all such Collateral for Lender's account subject to Lender's instructions.

Appears in 3 contracts

Sources: Loan and Security Agreement (Perma Fix Environmental Services Inc), Loan and Security Agreement (Finantra Capital Inc), Credit Facilities Agreement (Integrated Information Systems Inc)

Bailees. 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 LenderLenders, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructions.

Appears in 3 contracts

Sources: Loan and Security Agreement (Spincycle Inc), Loan and Security Agreement (Continental Information Systems Corp), Loan and Security Agreement (Spincycle Inc)

Bailees. 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 Lender, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender created hereby and shall instruct such Person to hold all such Collateral for Lender's account subject to Lender's instructions.

Appears in 2 contracts

Sources: Loan and Security Agreement (Valhi Inc /De/), Loan and Security Agreement (Right Start Inc /Ca)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's or any Subsidiary's agents or processors, Borrower shall, upon the request of LenderAgent or Lenders, notify or cause to be notified such warehouseman, bailee, agent or processor of the security interests in favor of Lender Agent, for the benefit of Agent and Lenders, created hereby or by the other Loan Documents and shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructions.

Appears in 2 contracts

Sources: Loan and Security Agreement (Chief Auto Parts Inc), Loan and Security Agreement (Chief Auto Parts Inc)

Bailees. If any Collateral is at any time in the possession or ------- control of any warehouseman, bailee bailee, consignee or any of Borrowera Debtor's agents or processors, Borrower such Debtor shall, upon the request of LenderAgent, notify such warehouseman, bailee, consignee, agent or processor of the security interests in favor of Lender Security Interests created hereby and shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructions.

Appears in 1 contract

Sources: Security Agreement (Opinion Research Corp)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of the Borrower's ’s agents or processors, the Borrower shall, upon the request of Lender, shall promptly notify such warehouseman, bailee, agent or processor of the security interests Lien in favor of Lender the Bank created hereby hereby, if applicable, and shall instruct such Person to hold all such Collateral for Lender's the Bank’s account subject to Lender's the Bank’s instructions.

Appears in 1 contract

Sources: Loan Agreement (Gateway Trade Center Inc.)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's or any Subsidiary's agents or processors, Borrower shall, upon the request of LenderAgent, notify notify, or cause its Subsidiary to notify, such warehouseman, bailee, agent or processor of the security interests in favor of Lender Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructions.

Appears in 1 contract

Sources: Loan and Security Agreement (North Face Inc)

Bailees. 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 LenderLenders, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructions.

Appears in 1 contract

Sources: Loan and Security Agreement (Tower Air Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of a Borrower's or any Subsidiary's agents or processors, such Borrower shall, upon the request of LenderAdministrative Agent, notify notify, or cause its Subsidiary to notify, such warehouseman, bailee, agent or processor of the security interests in favor of Lender Collateral Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for LenderAdministrative Agent's account subject to LenderAdministrative Agent's and/or Collateral Agent's instructions.

Appears in 1 contract

Sources: Loan Agreement (North Face Inc)

Bailees. If any Collateral is shall at any time be in the possession or control of any warehousemanwarehouse, bailee or any of BorrowerDebtor's agents or processors, Borrower Debtor shall, upon the request of LenderAgent, notify any such warehousemanwarehouse, bailee, agent or processor of the security interests in favor of Lender created hereby and Security Interests, shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructionsinstructions and shall use commercially reasonably efforts to obtain an acknowledgement from such Person that such Person holds the Collateral for Agent's benefit.

Appears in 1 contract

Sources: Security Agreement (Cherokee International Corp)

Bailees. If any of the Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrowerthe Debtor's agents Agents or processors, Borrower shallthe Debtor shall notify the Agent (and revise Schedule A to this Agreement to this effect), upon and at the request of Lenderthe Agent, notify such warehouseman, bailee, agent Agent or processor of the security interests in favor of Lender interest created hereby and hereunder, shall instruct such Person to hold all such Collateral for Lenderthe Agent's account subject to Lenderthe Agent's instructionsinstructions and shall obtain for the Agent such Person's acknowledgment of the same.

Appears in 1 contract

Sources: Revolving Credit Agreement (Quanex Corp)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents Lenders or processors, Borrower shall, upon the request of Lender, notify such warehouseman, bailee, agent Lender or processor of the security interests in favor of Lender Security Interests created hereby and shall instruct such Person to hold all such Collateral for Lender's account subject to Lender's instructions.

Appears in 1 contract

Sources: Security Agreement (Dove Entertainment Inc)

Bailees. 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 LenderLenders, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructions.

Appears in 1 contract

Sources: Loan and Security Agreement (Tower Air Inc)

Bailees. 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 LenderAgent, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for LenderAgent's account as set forth in the warehouseman's letter with respect to the Collateral at such warehouse or, if there is no such letter in effect, then subject to LenderAgent's instructions.

Appears in 1 contract

Sources: Revolving Loan and Security Agreement (Shoppers Food Warehouse Corp)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of any Borrower's agents or processors, such Borrower shall, upon the request of LenderLenders, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender Administrative and Documentation Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for LenderAdministrative and Documentation Agent's account subject to LenderAdministrative and Documentation Agent's instructions.

Appears in 1 contract

Sources: Loan and Security Agreement (Belding Heminway Co Inc /De/)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of the Borrower's ’s agents or processors, the Borrower shall, upon promptly after request therefor by the request of LenderBank, notify such warehouseman, bailee, agent or processor of the security interests Lien in favor of Lender the Bank created hereby and shall instruct such Person to hold all such Collateral for Lender's the Bank’s account subject to Lender's the Bank’s instructions.

Appears in 1 contract

Sources: Loan Agreement (Ansoft Corp)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's US Obligor’s agents or processors, Borrower shall, upon the request of LenderAgent, notify Borrower shall notify, or arrange the notification of, such warehouseman, bailee, agent or processor of the security interests (or applicable equivalents thereof) in favor favour of Lender Agent, for the benefit of Agent and Lenders, created hereby or the other Loan Documents, and shall instruct such Person to hold all such Collateral for Lender's account Agent’s Account subject to Lender's Agent’s instructions.

Appears in 1 contract

Sources: Loan and Security Agreement (Beacon Roofing Supply Inc)

Bailees. 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 LenderAgent, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender Security Interests created hereby and shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructions.

Appears in 1 contract

Sources: Security Agreement (Protection One Alarm Monitoring Inc)

Bailees. If any Collateral is at any time in the possession or ------- control of any warehouseman, bailee bailee, consignee or any of any Borrower's agents or processors, such Borrower shall, upon the request of LenderAgent, notify such warehouseman, bailee, consignee, agent or processor of the security interests in favor of Lender Security Interests created hereby and shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructions.

Appears in 1 contract

Sources: Security Agreement (Opinion Research Corp)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of a Borrower's agents or processors, such Borrower shall, upon the request of Lender, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender created hereby and shall instruct such Person to hold all such Collateral for Lender's account subject to Lender's instructions.

Appears in 1 contract

Sources: Loan and Security Agreement (Editek Inc)

Bailees. 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 LenderLenders, notify such warehouseman, bailee, agent or processor of the security interests in favor of Lender Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructionsinstruc-tions.

Appears in 1 contract

Sources: Loan and Security Agreement (Gradall Industries Inc)

Bailees. If any Collateral is at any time in the possession or control of any warehouseman, bailee bailee, feedlot operator or any of Borrower's agents or processors, Borrower shall, upon the request of LenderCollateral Agent, notify such warehouseman, bailee, feedlot operator, agent or processor of the security interests in favor of Lender Collateral Agent, for the benefit of Agents and Lenders, created hereby and shall instruct such Person to hold all such Collateral for LenderCollateral Agent's account subject to LenderCollateral Agent's instructions.

Appears in 1 contract

Sources: Loan and Security Agreement (Thorn Apple Valley Inc)

Bailees. If any Collateral is at any time in the possession or control of ------- any warehouseman, bailee or any of Borrower's or any Subsidiary's agents or processors, Borrower shall, upon the request of LenderAgent, notify notify, or cause its Subsidiary to notify, such warehouseman, bailee, agent or processor of the security interests in favor of Lender Agent, for the benefit of Lenders, created hereby and shall instruct such Person to hold all such Collateral for LenderAgent's account subject to LenderAgent's instructions.

Appears in 1 contract

Sources: Loan and Security Agreement (North Face Inc)