Motor Vehicles. Upon the request of the Administrative Agent, each Pledgor shall deliver to the Administrative Agent originals of the certificates of title or ownership for the motor vehicles (and any other Equipment covered by Certificates of Title or ownership) owned by it with the Administrative Agent listed as lienholder therein. Such requirement shall apply to the Pledgors if any such motor vehicle (or any such other Equipment) is valued at over $50,000.
Appears in 8 contracts
Samples: Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp)
Motor Vehicles. Upon the request of the Administrative Agent, each Pledgor shall deliver to the Administrative Agent originals of the certificates of title or ownership for the motor vehicles (and any other Equipment covered by Certificates certificates of Title title or ownership) owned by it it, with the Administrative Agent listed as lienholder therein. Such requirement shall not apply to the Pledgors if any such motor vehicle (or any such other Equipment) is valued at over less than $50,000, provided that the aggregate value of all motor vehicles (and such Equipment) as to which any Pledgor has not delivered a certificate of title or ownership is less than $1,000,000.
Appears in 3 contracts
Samples: Credit Agreement (Gentiva Health Services Inc), Security Agreement (Gentiva Health Services Inc), Security Agreement (Gentiva Health Services Inc)
Motor Vehicles. Upon the reasonable request of the Administrative Agent, each Pledgor shall deliver to the Administrative Agent originals of the certificates of title or ownership for the motor vehicles Motor Vehicles (and any other Equipment covered by Certificates certificates of Title title or ownership) owned by it it, with the Administrative Agent listed as lienholder therein. Such requirement shall not apply to the Pledgors if any such motor vehicle Motor Vehicles (or any such other Equipment) is valued at over with an aggregate fair market value of $50,000250,000 or less.
Appears in 1 contract
Motor Vehicles. Upon the reasonable request of the Administrative Agent, each Pledgor shall deliver to the Administrative Agent originals of the certificates of title or ownership for the motor vehicles Motor Vehicles (and any other Equipment covered by Certificates certificates of Title title or ownership) owned by it it, with the Administrative Agent listed as lienholder therein. Such requirement shall not apply to the Pledgors if any such motor vehicle Motor Vehicles (or any such other Equipment) is valued at over with an aggregate fair market value of $50,000500,000 or less.
Appears in 1 contract
Samples: Pledge and Security Agreement (Smith & Wesson Holding Corp)
Motor Vehicles. Upon the reasonable request of the Administrative Agent, each Pledgor shall deliver to the Administrative Agent originals of the certificates of title or ownership for the motor vehicles Motor Vehicles (and any other Equipment covered by Certificates certificates of Title title or ownership) owned by it it, with the Administrative Agent listed as lienholder therein. Such requirement shall not apply to the Pledgors if any such motor vehicle Motor Vehicle (or any such other Equipment) is valued at over with a fair market value of $50,000100,000 or less.
Appears in 1 contract
Samples: Revolving Credit Security Agreement (Foamex International Inc)
