Common use of Instruments/Chattel Paper/Pledged Equity/Control Clause in Contracts

Instruments/Chattel Paper/Pledged Equity/Control. (i) If any amount in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Obligor at all times or, if requested by the Administrative Agent to perfect its security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner reasonably satisfactory to the Administrative Agent. Such Obligor shall ensure that any Collateral consisting of Tangible Chattel Paper is marked with a legend reasonably acceptable to the Administrative Agent indicating the Administrative Agent’s security interest in such Tangible Chattel Paper.

Instruments/Chattel Paper/Pledged Equity/Control. (i) If any amount in excess of $2,000,000 50,000 in any individual instance or $5,000,000 100,000 in the aggregate payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Obligor at all times or, if requested by the Administrative Agent to perfect its security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner reasonably satisfactory to the Administrative Agent. Such Obligor shall ensure that any Collateral consisting of Tangible Chattel Paper is marked with a legend reasonably acceptable to the Administrative Agent indicating the Administrative Agent’s 's security interest in such Tangible Chattel Paper.

Instruments/Chattel Paper/Pledged Equity/Control. (i) If any amount in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate 250,000 payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Obligor at all times or, if requested by the Administrative Agent Required Lenders to perfect its the Administrative Agent’s security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner reasonably satisfactory to the Administrative Agent. Such Obligor shall ensure that any Collateral consisting of Tangible Chattel Paper in excess of $250,000 individually or $1,000,000 in the aggregate is marked with a legend reasonably acceptable to the Administrative Agent indicating the Administrative Agent’s security interest in such Tangible Chattel Paper.

Instruments/Chattel Paper/Pledged Equity/Control. (i) If any amount in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate 2,500,000 payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral having a book value in excess of $2,500,000 shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Obligor at all times or, if requested by the Administrative Agent to perfect its security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner reasonably satisfactory to the Administrative Agent. Such Obligor shall ensure that any such Collateral consisting of Tangible Chattel Paper is marked with a legend reasonably legend, if requested by the Administrative Agent, acceptable to the Administrative Agent indicating the Administrative Agent’s security interest in such Tangible Chattel Paper.

Instruments/Chattel Paper/Pledged Equity/Control. (i) If any amount in excess of $2,000,000 10,000 in any individual instance or $5,000,000 100,000 in the aggregate payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Obligor at all times or, if requested by the Administrative Agent to perfect its security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner reasonably satisfactory to the Administrative Agent. Such Obligor shall ensure that any Collateral consisting of Tangible Chattel Paper is marked with a legend reasonably acceptable to the Administrative Agent indicating the Administrative Agent’s security interest in such Tangible Chattel Paper.

Instruments/Chattel Paper/Pledged Equity/Control. (i) If any amount in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate 1,000,000 payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral valued in excess of $1,000,000 shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or Document is is, upon request, either in the possession of such Obligor at all times or, if requested by the Administrative Agent to perfect its security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner reasonably satisfactory to the Administrative Agent. Such Obligor shall shall, upon request by the Administrative Agent, ensure that any Collateral consisting of Tangible Chattel Paper valued in excess of $1,000,000 is marked with a legend reasonably acceptable to the Administrative Agent indicating the Administrative Agent’s 's security interest in such Tangible Chattel Paper.

Instruments/Chattel Paper/Pledged Equity/Control. (i) If any amount in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate 250,000 payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Obligor at all times or, if requested by the Administrative Agent to perfect its security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner reasonably satisfactory to the Administrative Agent. Such Upon the request of the Administrative Agent, such Obligor shall ensure that any Collateral consisting of Tangible Chattel Paper Paper, evidencing an amount payable in excess of $250,000, is marked with a legend reasonably acceptable to the Administrative Agent indicating the Administrative Agent’s 's security interest in such Tangible Chattel Paper.

Instruments/Chattel Paper/Pledged Equity/Control. (i) If any amount in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate 250,000 payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Obligor or its Affiliates or agents at all times or, if requested by the Administrative Agent to perfect its security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner reasonably satisfactory to the Administrative Agent. Such If requested by the Administrative Agent, such Obligor shall ensure that any Collateral consisting of Tangible Chattel Paper in excess of $250,000 is marked with a legend reasonably acceptable to the Administrative Agent indicating the Administrative Agent’s security interest in such Tangible Chattel Paper.

Instruments/Chattel Paper/Pledged Equity/Control. (i) If any amount in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel PaperPaper individually having an amount in excess of $1,000,000, or if any property constituting Collateral having a value exceeding $1,000,000 in any single transaction shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Obligor at all times or, if requested by the Administrative Agent to perfect its security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner reasonably satisfactory to the Administrative Agent. Such Obligor shall ensure that any Collateral consisting of Tangible Chattel Paper individually having an amount in excess of $1,000,000 is marked with a legend reasonably acceptable to the Administrative Agent indicating the Administrative Agent’s security interest in such Tangible Chattel Paper.

Instruments/Chattel Paper/Pledged Equity/Control. (i) (A) If any amount in excess of $2,000,000 in any individual instance or $5,000,000 in the aggregate 1,000,000 payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting Collateral with a value in excess of $1,000,000 shall be stored or shipped subject to a Document, in either case, ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Obligor at all times or, if requested by the Administrative Agent to perfect its security interest in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner reasonably satisfactory to the Administrative Agent. Such Obligor shall , and (B) ensure that any Collateral consisting of Tangible Chattel Paper is marked with a legend reasonably acceptable to the Administrative Agent indicating the Administrative Agent’s security interest in such Tangible Chattel Paper.