Common use of Collateral in the Possession of a Warehouseman or Bailee Clause in Contracts

Collateral in the Possession of a Warehouseman or Bailee. If any of the Collateral at any time is in the possession of a warehouseman or bailee, the Borrower shall promptly notify the Lender thereof, and shall promptly obtain a collateral access agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (ARC Group, Inc.), Loan and Security Agreement (ARC Group, Inc.)

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Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, the Borrower Debtor shall promptly notify the Lender Bank thereof, and shall promptly use commercially reasonable efforts at Bank’s request to obtain a collateral access agreementCollateral Access Agreement.

Appears in 2 contracts

Samples: Security Agreement (Venus Concept Inc.), Security Agreement (Venus Concept Inc.)

Collateral in the Possession of a Warehouseman or Bailee. If any of the -------------------------------------------------------- Collateral at any time is in the possession of a warehouseman or bailee, the applicable Borrower shall promptly at any time that Lender so requires notify the Lender thereof, and shall promptly use commercially reasonable efforts to obtain a collateral access agreementCollateral Access Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amrep Corp.), Loan and Security Agreement (Amrep Corp.)

Collateral in the Possession of a Warehouseman or Bailee. If any of the Collateral at any time is in the possession of a warehouseman or bailee, the Borrower Debtor shall promptly notify the Lender Bank thereof, and shall promptly obtain a collateral access agreementCollateral Access Agreement.

Appears in 1 contract

Samples: Security Agreement (Ivax Diagnostics Inc)

Collateral in the Possession of a Warehouseman or Bailee. If any of the Collateral at any time is in the possession of a warehouseman or bailee, the Borrower Debtor shall promptly notify the Lender Bank thereof, and shall promptly obtain a collateral access agreementCollateral Access Agreement.

Appears in 1 contract

Samples: Security Agreement (Coda Octopus Group, Inc.)

Collateral in the Possession of a Warehouseman or Bailee. If any of the Collateral at any time is in the possession of a warehouseman or bailee, the Borrower shall promptly notify the Lender Bank thereof, and shall promptly obtain a collateral access agreementCollateral Access Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Ebix Inc)

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Collateral in the Possession of a Warehouseman or Bailee. If any material portion of the Collateral at any time is in the possession of a warehouseman or bailee, the Borrower shall promptly notify the Lender thereof, and shall promptly use commercially reasonable efforts to obtain a collateral access agreementagreement upon request of the Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Venus Concept Inc.)

Collateral in the Possession of a Warehouseman or Bailee. If any of the Collateral at any time is in the possession of a warehouseman or bailee, the Borrower shall promptly notify the Lender thereof, and shall promptly obtain a collateral access agreementCollateral Access Agreement.

Appears in 1 contract

Samples: Security Agreement (Presto Automation Inc.)

Collateral in the Possession of a Warehouseman or Bailee. If any of the Collateral at any time is in the possession of a warehouseman or bailee, the applicable Borrower shall promptly notify the Lender thereof, and shall promptly obtain a collateral access agreementCollateral Access Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Amrep Corp)

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