Collateral Identification Clause Samples
The Collateral Identification clause defines the specific assets or property that are designated as collateral under an agreement. It typically outlines the types of assets included, such as cash, securities, or real estate, and may specify identifying details like account numbers or asset descriptions to ensure clarity. This clause serves to clearly establish which assets are subject to the agreement's terms, thereby reducing ambiguity and protecting the interests of both parties by ensuring that the collateral is properly identified and can be enforced if necessary.
Collateral Identification. Schedule 9.19 (as such schedule may be amended or supplemented from time to time) sets forth under the appropriate headings all of each Loan Party’s: (1) Pledged Equity Interests, (2) Pledged Debt, (3) Securities Accounts, (4) Deposit Accounts, (5) Commodity Contracts and Commodity Accounts, (6) United States and foreign registrations and issuances of and applications for Patents, Trademarks, and Copyrights owned by each Loan Party, (7) Patent Licenses, Trademark Licenses, Trade Secret Licenses and Copyright Licenses, (8) Commercial Tort Claims other than any Commercial Tort Claims having a value of less than $250,000 individually, (9) Letter of Credit Rights for letters of credit other than any Letters of Credit Rights worth less than $100,000 individually, (10) the name and address of any warehouseman, bailee or other third party in possession of any Inventory, Equipment and other tangible personal property, and (11)
Collateral Identification. On the date hereof, Schedule 2 hereto sets forth (a) under the heading “Pledged Stock”, all of the Pledged Stock owned by any Grantor and (b) under the heading “Pledged Notes”, all of the Pledged Notes owned by any Grantor. On the date hereof, Schedule 2 sets forth (a) under the headings “Securities Accounts,” “Commodity Accounts,” and “Deposit Accounts” respectively, all of the Securities Accounts, Commodity Accounts and Deposit Accounts in which each Grantor has an interest and (b) under the heading “Letter of Credit Rights”, all of the Letter of Credit Rights in which each Grantor has an interest.
Collateral Identification. (a) In the event such Grantor shall at any time hold or acquire a Commercial Tort Claim in an amount reasonably estimated to exceed $250,000, such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor, including a summary description of such claim, and Schedule 2.1(l) shall be deemed to be supplemented to include such description of such Commercial Tort Claim as set forth in such writing.
Collateral Identification. The Servicer, as agent for the Bank, shall ensure that all loans identified by the Bank to be used as pledged collateral to secure federal funding, and for which the Servicer maintains the Loan Documentation on behalf of the Bank, are clearly identified as collateral by all of the following: (i) labeling file cabinet(s) which contain the pledged loan documents, (ii) posting a highly visible sign in the area where the pledged loans are located, with wording prescribed and approved by the Bank, and (iii) electronic notation to flag pledged loans on the Servicer’s loan system.
Collateral Identification. At request of the Bank, ------------------------- stamp on its records concerning the Collateral a notation, in form satisfactory to the Bank, of the Lien of the Bank hereunder, and the Borrower will not maintain duplicates or copies of such records at any address other than the Borrower's principal place of business.
Collateral Identification. (a) Schedule 5.2(a) sets forth under the appropriate headings all of such Pledgor’s Pledged Equity Interests as of the date hereof.
(b) Schedule 5.2(b) sets forth under the appropriate headings all of such Pledgor’s Pledged Accounts as of the date hereof. 5.3
Collateral Identification. As of the Certification Date, Schedules 5(a), 5(b), 7(a), 7(b) and 8 of the Collateral Disclosure Schedule (as such schedules may be amended or supplemented from time to time) set forth under the appropriate headings all of such Grantor’s: (1) Pledged Equity Interests, (2) all United States registrations of and applications for Patents, Trademarks and Copyrights owned by each Grantor and (3) Commercial Tort Claims, in each case, to the extent required to be included in such schedules.
Collateral Identification. As of the Closing Date, Schedule 3.2 sets forth the following (if any) for each Grantor (in each case, other than any Excluded Asset): (i) Deposit Accounts; (ii) Pledged Equity Interests; (iii) Securities Accounts; (iv) Commodity Contracts and Commodity Accounts; (v) United States registrations of and applications for Patents, Trademarks, and Copyrights owned by such Grantor; (vi) Material Intellectual Property Licenses (other than commercial off-the-shelf licenses) used by such Grantor in its business; (vii) Letter-of-Credit Rights in excess of $500,000; and (viii) the name and address of any warehouseman, bailee or other third party in possession of any of such Grantor’s Material Inventory or Material Equipment (other than with respect to (x) any Vessels, (y) any Inventory or Equipment that is in transit, out for repair or servicing, that is leased by a customer and used by such customer at the customer’s location, or located at a customer jobsite and (z) Collateral that has been purchased but not yet delivered to such Grantor); (ix) Material Instruments and Material Tangible Chattel Paper; and (x) Material Commercial Tort Claims.
Collateral Identification. Lessee shall maintain a system of identification number tagging on each Component and each item of tangible PPE Collateral which will identify the asset number as set forth in Schedule 1 to the B▇▇▇ of Sale or in Exhibit A to the Security Agreement, as the case may be.