Collateral in Trust. Each Grantor will hold in trust (and not commingle with other assets of Grantor) for Administrative Agent all Collateral that is chattel paper, Instruments, Collateral Notes, Pledged Investment Property in certificated form, or documents at any time received by Grantor, endorse each such Instrument to the order of Administrative Agent (but the failure of the same to be so endorsed shall not impair the Security Interest thereon), and promptly deliver same to Administrative Agent.
Appears in 6 contracts
Samples: Security Agreement (Suburban Propane Partners Lp), Security Agreement (Suburban Propane Partners Lp), Security Agreement (Suburban Propane Partners Lp)
