Common use of Equipment and Inventory Clause in Contracts

Equipment and Inventory. (a) Each Grantor hereby covenants and agrees that except as permitted by the Credit Agreement, it shall not deliver any Document evidencing any of its Equipment or Inventory to any person other than (i) the issuer of such Document to claim the Goods evidenced thereby, (ii) the Collateral Agent (or its agent or designee) or (iii) any other Grantor.

Appears in 5 contracts

Samples: Pledge and Security Agreement (Cypress Semiconductor Corp /De/), Pledge and Security Agreement (LendingClub Corp), Pledge and Security Agreement (LendingClub Corp)

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Equipment and Inventory. (a) Each Grantor hereby covenants and agrees that except as permitted by the Credit Agreement, it shall not deliver any Document evidencing any of its Equipment or Inventory to any person Person other than (i) the issuer of such Document to claim the Goods evidenced thereby, (ii) the Collateral Agent (or its agent or designee) or (iii) any other Grantor.

Appears in 3 contracts

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

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Equipment and Inventory. (a) Each Grantor hereby covenants and agrees that except as permitted by the Credit Agreement, it shall not deliver any Document evidencing any of its Equipment or Inventory to any person Person other than (i) the issuer of such Document to claim the Goods evidenced thereby, (ii) the Collateral Administrative Agent (or its agent or designee) or (iii) any other Grantor.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Palantir Technologies Inc.), Pledge and Security Agreement (Palantir Technologies Inc.), Pledge and Security Agreement (Palantir Technologies Inc.)

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