Instruments and Tangible Clause Samples

Instruments and Tangible. Chattel Paper with a face value equal to or less than $250,000 individually or $1,000,000 in the aggregate as to all such Instruments held by or payable to any Grantor. If any amount payable (other than by another Grantor, in which case there shall not be any minimum required amount; provided that delivery of the Intercompany Note, duly endorsed in blank, by the Grantor holding any such Instrument or Tangible Chattel Paper shall satisfy the requirements of this clause (a) with respect to all Instruments and Tangible Chattel Paper payable by another Grantor or Restricted Subsidiary) under or in connection with any of the Collateral shall be evidenced by any Instrument or Tangible Chattel Paper that equals or exceeds $250,000 individually, the Grantor acquiring such Instrument or Tangible Chattel Paper shall, subject to the ABL Intercreditor Agreement, within ten (10) Business Days following the date of such Collateral arising or being acquired (or such later date as the Agent may in its sole discretion agree) endorse, assign and deliver the same to the Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Agent may reasonably request from time to time, in a manner reasonably satisfactory to the Agent, to be held for the benefit of the Credit Parties, as Collateral under this Agreement. Each Grantor further represents and warrants that the security interests granted pursuant to this Agreement upon the possession of such Instruments, Tangible Chattel Paper or Intercompany Notes will, subject to Permitted Encumbrances, (i) constitute a legal and valid perfected security interest in favor of the Agent, for the benefit of the Credit Parties, as Collateral for the Obligations, and (ii) (A) be enforceable in accordance with the terms hereof against all creditors of such Grantor and (B) be the only Lien on such Collateral except for Permitted Encumbrances, which, pursuant to the terms of the Credit Agreement, are permitted to have priority over the Agent’s Liens thereon. Each of the Intercompany Notes issued by any Subsidiary of any Grantor constitutes the legal, valid and binding obligation of the obligor with respect thereto, enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at la...

Instruments and Tangible. Chattel Paper Formerly Accounts No amount payable to such Grantor under or in connection with any account is evidenced by any instrument or tangible chattel paper that has not been delivered to the Purchaser Agent, properly endorsed for transfer, to the extent delivery is required by Section 4.6(a).

Instruments and Tangible. Chattel Paper 15 Section 6.13. Copyrights, Patents and Trademarks 16 Section 6.14. Vehicles 17 Section 6.15. Commercial Tort Claims 17 Section 7.1. [Intentionally Omitted] 17 Section 7.2. Collections on Accounts 17 Section 7.3. Proceeds 18 Section 7.4. UCC and Other Remedies 18 Section 7.6. Waiver; Deficiency 19 Section 7.7. Non-Judicial Enforcement 19 Section 8.1. Lender's Appointment as Attorney-in-Fact 19 Section 8.2. Duty of Lender 21 Section 8.3. Filing of Financing Statements 21 Section 8.4. Authority of Lender 21