Common use of Commercial Tort Claims Clause in Contracts

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly notify the Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Agent.

Appears in 7 contracts

Samples: Security Agreement (Vishay Precision Group, Inc.), Security Agreement (Security Devices International Inc.), Security Agreement

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Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly notify the Administrative Agent thereof in a writing signed by such Grantor Grantor, including a summary description of the particulars thereof such claim, and grant Schedule III hereto shall be deemed to the Agent be supplemented to include such description of such Commercial Tort Claim as set forth in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Agentwriting.

Appears in 7 contracts

Samples: Credit Agreement (Weight Watchers International Inc), Collateral Agreement (TAMINCO ACQUISITION Corp), Collateral Agreement (Blue Buffalo Pet Products, Inc.)

Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly immediately notify the Agent in a writing signed by such Grantor of the particulars brief details thereof and grant to the Agent for the benefit of the Secured Creditors in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Agent.

Appears in 6 contracts

Samples: Control Agreement (Earth Biofuels Inc), Control Agreement (PNG Ventures Inc), Control Agreement (Earth Biofuels Inc)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such the Grantor shall promptly notify the Administrative Agent thereof in a writing signed by such Grantor including a summary description of the particulars thereof such claim and grant to the Administrative Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Administrative Agent.

Appears in 4 contracts

Samples: Guarantee and Collateral Agreement (Polypore International, Inc.), Guarantee and Collateral Agreement (Polypore International, Inc.), Guarantee and Collateral Agreement (Daramic, LLC)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim, such the Grantor shall promptly immediately notify the Agent Purchasers in a writing signed by such the Grantor of the particulars brief details thereof and grant to the Agent Purchasers in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the AgentPurchasers.

Appears in 3 contracts

Samples: Assumption Agreement (Visual Networks Inc), Assumption Agreement (Precision Optics Corporation Inc), Pledge and Security Agreement (Primal Solutions Inc)

Commercial Tort Claims. If any the Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim, such the Grantor shall promptly immediately notify the Agent Lender in a writing signed by such the Grantor of the particulars thereof and grant to the Agent Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the AgentLender.

Appears in 3 contracts

Samples: Security Agreement (Pinnacle Data Systems Inc), Security Agreement (Ecoark Holdings, Inc.), Security Agreement (Mod Pac Corp)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such the Grantor shall promptly notify the Agent thereof in a writing signed by such Grantor including a summary description of the particulars thereof such claim and grant to the Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Agent.

Appears in 3 contracts

Samples: Collateral Agreement (TransDigm Group INC), Collateral Agreement (TransDigm Group INC), Guarantee and Collateral Agreement (Transdigm Inc)

Commercial Tort Claims. If any Grantor shall shall, now or at any time hereafter, hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly immediately notify the Administrative Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Harris Interactive Inc), Credit Agreement (Harris Interactive Inc), Master Security Agreement (Harris Interactive Inc)

Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a any Commercial Tort Claim, such Grantor shall promptly notify the Agent thereof in writing, therein providing a writing signed by reasonable description and summary thereof, and upon delivery thereof to Agent, such Grantor of the particulars thereof and shall be deemed to thereby grant to the Agent in (and such writing Grantor hereby grants to Agent) a security interest therein in such Commercial Tort Claim and in the all proceeds thereof, all upon the terms and such Grantor shall execute such documentation as Agent shall require in order to document and effectuate such grant of this Agreement, with such writing to be in form and substance satisfactory to the Agenta security interest.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Pdi Inc), Guarantee and Collateral Agreement (Hooper Holmes Inc)

Commercial Tort Claims. If any Grantor shall shall, now or at any time hereafter, hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly immediately notify the Administrative Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent Administrative Agent, for the benefit of Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Amended Security Agreement, with such writing to be in form and substance satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Switch & Data, Inc.), Credit Agreement (Switch & Data, Inc.)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly notify the Agent in a writing signed by such Grantor of the particulars brief details thereof and grant to the Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Agent.

Appears in 2 contracts

Samples: Subsidiary Security Agreement (Remington Arms Co Inc/), Subsidiary Security Agreement (Remington Arms Co Inc/)

Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim that it has asserted against any other Person, such Grantor shall promptly immediately notify the Agent in a writing signed by such Grantor of the particulars brief details thereof and grant to the Agent for the benefit of the Secured Creditors in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Agent.

Appears in 2 contracts

Samples: Security Agreement (Avinger Inc), Security Agreement (Avinger Inc)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim, such the Grantor shall promptly immediately notify the Agent and the other Secured Parties in a writing signed by such the Grantor of the particulars brief details thereof and grant to the Agent (on behalf of the Secured Parties) in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the AgentAgent and the Requisite Purchasers.

Appears in 2 contracts

Samples: Security Agreement (Zila Inc), Assumption Agreement (Zila Inc)

Commercial Tort Claims. If any Grantor shall shall, now or at any time hereafter, hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly notify the Collateral Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent Collateral Agent, for the benefit of the Senior Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Collateral Agent. Such notice shall be deemed to be an amendment to such Grantor’s Perfection Certificate with respect to such commercial tort claim.

Appears in 2 contracts

Samples: Amended and Restated Security Agreement (Kaman Corp), Security Agreement (Kaman Corp)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire undertake a Commercial Tort ClaimAction, such the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of the particulars thereof such claim, and grant to the Collateral Agent in such writing a first-priority security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory as necessary to perfect the Agentsecurity interest in such Commercial Tort Action.

Appears in 2 contracts

Samples: Security Agreement (Shea Homes Limited Partnership), Security Agreement (Vistancia Marketing, LLC)

Commercial Tort Claims. If any Grantor shall shall, now or at any time hereafter, hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly immediately notify the Administrative Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent Administrative Agent, for the benefit of the Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Amended and Restated Security Agreement (Alexion Pharmaceuticals Inc), Security Agreement (Alexion Pharmaceuticals Inc)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim, such the Grantor shall promptly immediately notify the Collateral Agent in a writing signed by such the Grantor of the particulars brief details thereof and grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Collateral Agent.

Appears in 2 contracts

Samples: Assumption Agreement (Rainmaker Systems Inc), Security Agreement (TRUEYOU.COM)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort ClaimClaim in excess of $1,000,000, such the Grantor shall promptly notify the Agent thereof in a writing signed by such Grantor including a summary description of the particulars thereof such claim and grant to the Agent Agent, for the ratable benefit of the Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Agent.

Appears in 2 contracts

Samples: Credit Agreement (TransDigm Group INC), Credit Agreement (TransDigm Group INC)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly notify the Administrative Agent thereof in a writing signed by such Grantor Grantor, including a summary description of the particulars thereof such claim, and grant Schedule IV hereto shall be deemed to the Agent be supplemented to include such description of such Commercial Tort Claim as set forth in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Agentwriting.

Appears in 2 contracts

Samples: Collateral Agreement (Sra International Inc), Credit Agreement (Sra International Inc)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, then such Grantor shall promptly immediately notify the Agent Lender in a writing signed by such Grantor of the particulars brief details thereof and grant to the Agent Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the AgentLender.

Appears in 1 contract

Samples: General Security Agreement (Simclar Inc)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of the particulars thereof such claim and grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Alon USA Energy, Inc.)

Commercial Tort Claims. If any such Grantor shall at any time hold or acquire obtains a Commercial Tort ClaimClaim that is not Excluded Collateral, such Grantor then it shall promptly notify the Agent in a writing signed by such Grantor setting forth a brief description of the particulars thereof such Commercial Tort Claim and grant granting to the Agent in such writing a security interest therein and in the proceeds Proceeds thereof, all upon which writing shall incorporate the terms of this Agreement, with such writing to provisions hereof and shall be in form and substance reasonably satisfactory to the Agent.

Appears in 1 contract

Samples: Credit Agreement (Ch2m Hill Companies LTD)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly immediately notify the Collateral Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent Collateral Agent, for the benefit of the Secured Creditors, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Security Agreement (Artistdirect Inc)

Commercial Tort Claims. If any the Grantor shall at any time hold or acquire a Commercial Tort Claim, such the Grantor shall promptly immediately notify the Collateral Agent in a writing signed by such the Grantor of the particulars brief details thereof and grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Security Agreement, with such writing to be in form and substance satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: General Collateral Security Agreement (Alliance Pharmaceutical Corp)

Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly immediately notify the Administrative Agent in a writing signed by such Grantor of the particulars details thereof and grant to the Administrative Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory acceptable to the Administrative Agent, provided that it does not adversely affect such Commercial Tort Claim.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Ifco Systems Nv)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such then Grantor shall promptly immediately notify the Agent Lender in a writing signed by such Grantor of the particulars brief details thereof and grant to the Agent Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the AgentLender.

Appears in 1 contract

Samples: General Security Agreement (Mattress Holding Corp.)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire any Commercial Tort Claim in excess of the Minimum Actionable Amount (determined for all such Commercial Tort Claims of the Grantors in the aggregate), such Grantor shall, if such Grantor has not previously notified the Agent, notify the Agent thereof and sign and deliver to the Agent by the next Collateral Notification Date an agreement in the form of Annex V hereto granting a security interest under the terms and provisions of this Agreement in and to such Commercial Tort Claim, such Grantor shall promptly notify the Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Agent.

Appears in 1 contract

Samples: Security Agreement (McBc Holdings, Inc.)

Commercial Tort Claims. If any the Grantor shall at any time hold or acquire a Commercial Tort ClaimClaim for which a complaint has been filed in a court of competent jurisdiction, such the Grantor shall promptly immediately notify the Security Agent in a writing signed by such the Grantor of the particulars brief details thereof and grant to the Security Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Security Agreement, with such writing to be in form and substance satisfactory to the Security Agent.

Appears in 1 contract

Samples: Security and Pledge Agreement (Genesys Sa)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, then such Grantor shall promptly immediately notify the Agent Lender in a writing signed by such Grantor of the particulars brief details thereof and grant to the Agent Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the AgentLender.

Appears in 1 contract

Samples: General Security Agreement (Simclar Inc)

Commercial Tort Claims. If any Grantor shall at any time after the date hereof hold or acquire a Commercial Tort Claim, such Grantor shall shall, promptly following such acquisition, notify the Collateral Agent thereof in a writing signed by such Grantor of and reasonably describing the particulars details thereof and shall grant to the Collateral Agent in such writing a security interest therein (subject to Permitted Liens) and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Patent Security Agreement (Sears Holdings Corp)

Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly immediately notify the Agent in a writing signed by such Grantor of the particulars brief details thereof and grant to the Agent for the benefit of the Secured Parties in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Agent.

Appears in 1 contract

Samples: Control Agreement (Earth Biofuels Inc)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort ClaimClaim in excess of [***], such Grantor shall promptly notify the Agent Lender in a writing signed by such Grantor of the particulars thereof and grant to the Agent Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the AgentLender.

Appears in 1 contract

Samples: Security Agreement (Ipass Inc)

Commercial Tort Claims. If any Grantor shall at any time ---------------------- hold or acquire a Commercial Tort Claimcommercial tort claim, such the Grantor shall promptly notify the Administrative Agent thereof in a writing signed by such Grantor Grantor, including a summary description of the particulars thereof such claim, and grant to the Administrative Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Armkel LLC)

Commercial Tort Claims. If any Grantor shall shall, now or at any time hereafter, hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly Promptly notify the Administrative Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent Administrative Agent, for the benefit of the Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Security Agreement (Athenahealth Inc)

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Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly notify the Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Agent.

Appears in 1 contract

Samples: Security Agreement (New Enterprise Stone & Lime Co., Inc.)

Commercial Tort Claims. If any Grantor shall shall, now or at any time hereafter, hold or acquire a Commercial Tort Claimcommercial tort claim that is not an Excluded Asset, such Grantor shall promptly immediately notify the Collateral Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent Collateral Agent, for the benefit of the Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Security Agreement (Real Mex Restaurants, Inc.)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly immediately notify the Administrative Agent in a writing signed by such Grantor of the particulars details thereof and grant to the Administrative Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory acceptable to the Administrative Agent, provided it does not adversely affect such Commercial Tort Claim.

Appears in 1 contract

Samples: Collateral Agreement (Ifco Systems Nv)

Commercial Tort Claims. If any Grantor shall at any time after the date hereof hold or acquire a Commercial Tort Claim, such Grantor shall shall, promptly following such acquisition, notify the Control Co-Collateral Agent thereof in a writing signed by such Grantor of and reasonably describing the particulars details thereof and shall grant to the Control Co-Collateral Agent in such writing a security interest therein (subject to Permitted Liens) and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Control Co-Collateral Agent.

Appears in 1 contract

Samples: Security Agreement (Sears Holdings Corp)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort ClaimClaim in an amount reasonably estimated to exceed $[__], such the Grantor shall promptly notify the Administrative Agent thereof in a writing signed by such Grantor Grantor, including a summary description of the particulars thereof such claim, and grant to the Administrative Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Allegion PLC)

Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim in an amount in excess of $10,000,000, such Grantor shall promptly notify the Administrative Agent in a writing signed by such Grantor of the particulars brief details thereof and grant to the Agent Secured Parties in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Spanish Broadcasting System Inc)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly notify the Collateral Agent in a writing signed by such Grantor of the particulars thereof and grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Agent.

Appears in 1 contract

Samples: Security Agreement (New Enterprise Stone & Lime Co., Inc.)

Commercial Tort Claims. If any Grantor shall at any time hold or ----------------------- acquire a Commercial Tort Claim, such the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of the particulars thereof such claim and grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Wki Holding Co Inc)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of the particulars thereof such claim and grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Marathon Power Technologies Co)

Commercial Tort Claims. If any Grantor shall shall, now or at any time hereafter, hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly immediately notify the Collateral Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent Collateral Agent, for the benefit of the Holders and the Collateral Agent, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Security Agreement (National Investment Managers Inc.)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly notify the Agent Trustee in a writing signed by such Grantor of the particulars thereof and grant to the Agent Trustee in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the AgentTrustee.

Appears in 1 contract

Samples: Security Agreement (Security Devices International Inc.)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort ClaimMaterial commercial tort claim, such the Grantor shall promptly notify the Administrative Agent thereof in a writing signed by such Grantor including a summary description of the particulars thereof such claim and grant to the Administrative Agent for the benefit of the Secured Parties in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Xm Investment LLC)

Commercial Tort Claims. If any Grantor shall shall, now or at any time hereafter, hold or acquire a Commercial Tort Claim, such Grantor shall promptly notify the Administrative Agent in a writing signed by such Grantor of the particulars thereof and grant to the Administrative Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Security Agreement (Nextera Enterprises Inc)

Commercial Tort Claims. If any Grantor shall at any time ---------------------- hold or acquire a Commercial Tort Claimcommercial tort claim, such the Grantor shall promptly immediately notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of the particulars thereof such claim, and grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Collateral and Guaranty Agreement (GSL Corp)

Commercial Tort Claims. If any the Grantor shall at any time hold or acquire a Commercial Tort ClaimClaim that is related to the Product, such the Grantor shall promptly immediately notify the Collateral Agent in a writing signed by such the Grantor of the particulars brief details thereof and grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Security Agreement, with such writing to be in form and substance satisfactory to the Collateral Agent.

Appears in 1 contract

Samples: Imagent Security Agreement (Alliance Pharmaceutical Corp)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly immediately notify the Agent Lender in a writing signed by such Grantor of and describing the particulars brief details thereof and grant to the Agent Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the AgentLender.

Appears in 1 contract

Samples: Master Security Agreement (Hearx LTD)

Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall (i) promptly notify the Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Security Agreement, with such writing to be in form and substance satisfactory to the Agent.Agent and (ii) deliver to Agent an updated Schedule A.

Appears in 1 contract

Samples: Security Agreement (Revolution Lighting Technologies, Inc.)

Commercial Tort Claims. If any Grantor shall shall, now or at any time hereafter, hold or acquire a Commercial Tort Claimcommercial tort claim, such Grantor shall promptly immediately notify the Administrative Agent in a writing signed by such Grantor of the particulars thereof and grant to the Agent Administrative Agent, for the benefit of Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Security Agreement, with such writing to be in form and substance satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Switch & Data Facilities Company, Inc.)

Commercial Tort Claims. If any the Grantor shall at any time hold or time, acquire a Commercial Tort Claim, such the Grantor shall promptly immediately notify the Agent in a writing signed by such the Grantor of the particulars brief details thereof and grant to the Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Agent.

Appears in 1 contract

Samples: Security Agreement (American Business Financial Services Inc /De/)

Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly immediately notify the Administrative Agent in a writing signed by such Grantor of the particulars details thereof and grant to the Administrative Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory acceptable to the Administrative Agent, provided it does not adversely affect such Commercial Tort Claim.

Appears in 1 contract

Samples: Collateral Agreement (Ifco Systems Nv)

Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claim, such Grantor shall promptly immediately notify the Agent in a writing signed by such Grantor of the particulars brief details thereof and grant to the Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Agent.

Appears in 1 contract

Samples: Security Agreement (Cardiac Science Inc)

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