Common use of Consignments Clause in Contracts

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 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

Samples: Security Agreement (COHOES FASHIONS of CRANSTON, Inc.), Security Agreement (COHOES FASHIONS of CRANSTON, Inc.)

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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

Samples: Security Agreement (Music123, Inc.), Security Agreement (Music123, Inc.)

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Consignments. As of the Closing Date, except as set forth on Schedule 3.07 hereto, 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 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

Samples: License Agreement, License Agreement (Toys R Us Inc)

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