Common use of Delivery of Instruments, Securities, Chattel Paper and Documents Clause in Contracts

Delivery of Instruments, Securities, Chattel Paper and Documents. The Grantor will (a) deliver to the Collateral Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper, Securities and Instruments owned by it constituting Collateral (if any then exist), (b) hold in trust for the Collateral Agent upon receipt and immediately thereafter deliver to the Collateral Agent any Chattel Paper, Securities and Instruments owned by it constituting Deliverable Collateral, (c) upon the Collateral Agent's request, deliver to the Collateral Agent (and thereafter hold in trust for the Collateral Agent upon receipt and immediately deliver to the Collateral Agent) any Document evidencing or constituting Collateral owned by it, and (d) upon the Collateral Agent's request, deliver to the Collateral Agent a duly executed amendment to this Security Agreement, in the form of EXHIBIT I hereto (an "AMENDMENT"), pursuant to which the Grantor will pledge such additional Collateral. The Grantor hereby authorizes the Collateral Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral set forth in such Amendments shall be considered to be part of the Collateral.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Overhill Farms Inc), Pledge and Security Agreement (Overhill Farms Inc)

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Delivery of Instruments, Securities, Chattel Paper and Documents. The Subject to Section 10.1 of the Indenture, such Grantor will shall (a) deliver to the Collateral Agent immediately upon execution of this Security Agreement and from time-to-time as required herein the originals of all Chattel Paper, Securities and Instruments constituting Collateral owned by it constituting Collateral (if any then exist)) with a value in excess of $5,000,000 individually, (b) hold in trust for the Collateral Agent upon receipt and immediately thereafter upon request deliver to the Collateral Agent (at the written direction of the Holders of a majority in aggregate principal amount of the Notes then outstanding) any Chattel Paper, other Securities and Instruments owned by it constituting Deliverable Collateral, Collateral and (c) upon the Collateral Agent's request’s request (at the written direction of the Holders of a majority in aggregate principal amount of the Notes then outstanding), deliver to the Collateral Agent (and thereafter hold in trust for the Collateral Agent upon receipt and immediately deliver to the Collateral Agent) any Document evidencing or constituting Collateral owned by it, and (d) upon the Collateral Agent's request, deliver to the Collateral Agent a duly executed amendment to this Security Agreement, in the form of EXHIBIT I hereto (an "AMENDMENT"), pursuant to which the Grantor will pledge such additional Collateral. The Such Grantor hereby authorizes the Collateral Agent to attach each Amendment amendment to this Security Agreement and agrees that all additional Collateral owned by it set forth in such Amendments amendments shall be considered to be part of the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Turning Point Brands, Inc.)

Delivery of Instruments, Securities, Chattel Paper and Documents. The Such Grantor will (a) deliver to the Collateral Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper, Securities and Instruments owned by it constituting Collateral of such Grantor (if any then exist), (b) hold in trust for the Collateral Agent upon receipt and immediately within two Business Days thereafter deliver to the Collateral Agent any Chattel Paper, Securities and Instruments owned by it constituting Deliverable CollateralCollateral of such Grantor, (c) upon the Collateral Agent's request, deliver to the Collateral Agent (and thereafter hold in trust for the Collateral Agent upon receipt and immediately within two Business Days deliver to the Collateral Agent) any Document evidencing or constituting Collateral owned by it, of such Grantor and (d) upon the Collateral Agent's request, deliver to the Collateral Agent a duly executed amendment to this Security Agreement, in the form of EXHIBIT Exhibit I hereto (each an "AMENDMENTAmendment"), pursuant to which the such Grantor will pledge such additional Collateral. The Such Grantor hereby authorizes the Collateral Agent to attach each such Amendment to this Security Agreement and agrees that all additional Collateral of such Grantor set forth in such Amendments shall be considered to be part of the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Iron Mining Group, Inc.)

Delivery of Instruments, Securities, Chattel Paper and Documents. The Subject to the final paragraph to Section 5.2, such Grantor will (a) deliver to the Collateral Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper, Securities and Instruments constituting Collateral owned by it constituting Collateral (if any then exist)) duly endorsed to, or accompanied by an instrument of transfer in favor of, the Agent or its nominee or in blank, (b) hold in trust for the Collateral Agent upon receipt and immediately thereafter deliver to the Collateral Agent any such Chattel Paper, Securities and Instruments owned by it constituting Deliverable Collateral, (c) upon the Collateral Agent's ’s request, deliver to the Collateral Agent (and thereafter hold in trust for the Collateral Agent upon receipt and immediately deliver to the Collateral Agent) any Document evidencing or constituting Collateral owned by it, and (d) upon the Collateral Agent's ’s request, deliver to the Collateral Agent a duly executed amendment to this Security Agreement, in the form of EXHIBIT I Exhibit H hereto (an "AMENDMENT"the “Amendment”), pursuant to which the such Grantor will pledge such additional Collateral. The Such Grantor hereby authorizes the Collateral Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral owned by it set forth in such Amendments shall be considered to be part of the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Pinstripes Holdings, Inc.)

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Delivery of Instruments, Securities, Chattel Paper and Documents. The Such Grantor will (a) deliver to the Collateral Administrative Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper, certificated Securities and Instruments constituting Collateral owned by it constituting Collateral (if any then exist), (b) hold in trust for the Collateral Administrative Agent upon receipt and immediately thereafter deliver to the Collateral Administrative Agent any such Chattel Paper, certificated Securities and Instruments owned by it constituting Deliverable Collateral, (c) promptly upon the Collateral Administrative Agent's ’s reasonable request, deliver to the Collateral Administrative Agent (and thereafter hold in trust for the Collateral Administrative Agent upon receipt and immediately deliver to the Collateral Administrative Agent) any Document evidencing or constituting Collateral owned by it, and (d) promptly upon the Collateral Administrative Agent's ’s reasonable request, deliver to the Collateral Administrative Agent a duly executed amendment to this Security Agreement, in the form of EXHIBIT I Exhibit G hereto (an "AMENDMENT"the “Amendment”), pursuant to which the such Grantor will pledge such additional Collateral. The Such Grantor hereby authorizes the Collateral Administrative Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral owned by it set forth in such Amendments shall be considered to be part of the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Aleris Corp)

Delivery of Instruments, Securities, Chattel Paper and Documents. The Such Grantor will (a) upon the request of the Administrative Agent, deliver to the Collateral Administrative Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper, Securities and Instruments constituting Collateral owned by it constituting Collateral (if any then exist), (b) hold in trust for the Collateral Administrative Agent upon receipt and immediately thereafter within ten (10) Business Days after request by the Administrative Agent, deliver to the Collateral Administrative Agent any Chattel Paper, Securities and Instruments owned by it constituting Deliverable Collateral, (c) upon the Collateral Administrative Agent's ’s request, deliver to the Collateral Administrative Agent (and thereafter hold in trust for the Collateral Administrative Agent upon receipt and immediately within ten (10) Business Days deliver to the Collateral Administrative Agent) any Document evidencing or constituting Collateral owned by itCollateral, and (d) promptly upon the Collateral Administrative Agent's ’s request, deliver to the Collateral Administrative Agent a duly executed amendment to this Security Agreement, in the form of EXHIBIT Exhibit I hereto (an "AMENDMENT"the “Amendment”), pursuant to which the such Grantor will pledge such additional Collateral. The Such Grantor hereby authorizes the Collateral Administrative Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral owned by it set forth in such Amendments shall be considered to be part of the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Kelly Services Inc)

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