Perfection by Possession. If Collateral is of a type as to which it is necessary, desirable, or advisable, as determined by Secured Party, for Secured Party to take possession of such Collateral in order to protect, perfect, or maintain the first priority of Secured Party’s security interest or other Lien (subject only to Permitted Security) in such (or any other) Collateral, then, promptly upon Secured Party’s request, Debtor shall deliver such Collateral to Secured Party.
Appears in 11 contracts
Samples: Security Agreement (Siena Technologies, Inc.), Security Agreement (Future Now Group Inc.), Security Agreement (Seawright Holdings Inc)
Perfection by Possession. If Collateral is of a type as to which it is necessary, desirable, or advisable, as determined by Secured Party, for Secured Party to take possession of such Collateral in order to protect, perfect, or maintain the first priority of Secured Party’s security interest or other Lien (subject only to Permitted Security) in such (or any other) Collateral, then, promptly upon Secured Party’s request, Debtor the Company shall deliver such Collateral to Secured Party.
Appears in 1 contract
Samples: Amended and Restated Security Agreement (Challenger Powerboats, Inc.)
Perfection by Possession. If Collateral is of a type as to which it is necessary, desirable, or advisable, as determined by Secured Party, for Secured Party to take possession of such Collateral in order to protect, perfect, or maintain the first priority of Secured Party’s security interest or other Lien (subject only to Permitted Security) lien in such (or any other) Collateral, then, promptly upon Secured Party’s requestrequest from time to time and with respect to Collateral, each Debtor shall deliver such Collateral to Secured Party.
Appears in 1 contract
Samples: Security Agreement (Aemetis, Inc)
