Consignments. As of the Closing Date, no Grantor has, and none shall have, possession of any property on consignment from any consignor having a value greater than $15,000,000 in the aggregate unless a lien waiver or other agreement in favor of the Collateral Agent reasonably satisfactory to the Collateral Agent is delivered to the Collateral Agent by such consignor.
Appears in 2 contracts
Sources: Security Agreement (Music123, Inc.), Security Agreement (Music123, Inc.)
Consignments. As of the Closing Date, no No Grantor has, and none shall have, possession of any property on consignment from any consignor having a value greater than $15,000,000 in the aggregate 10,000,000 unless a lien waiver or other agreement in favor of the Collateral Agent reasonably satisfactory to the Collateral Agent is delivered to the Collateral Agent by such consignor.
Appears in 2 contracts
Sources: Security Agreement, Security Agreement (Toys R Us Inc)
Consignments. As of the Closing Date, except as set forth on Schedule 3.07 hereto, no Grantor has, and none shall have, possession of any property on consignment from any consignor having a value greater than $15,000,000 in the aggregate unless a lien waiver or other agreement in favor of the Collateral Agent reasonably satisfactory to the Collateral Agent is delivered to the Collateral Agent by such consignor.
Appears in 2 contracts
Sources: Security Agreement (COHOES FASHIONS of CRANSTON, Inc.), Security Agreement (COHOES FASHIONS of CRANSTON, Inc.)