Common use of Possession and Transfer of Collateral Clause in Contracts

Possession and Transfer of Collateral. Until an Event of Default has occurred hereunder, the Debtor shall be entitled to possession or use of the Collateral (other than Instruments or Documents (including Tangible Chattel Paper and Investment Property consisting of certificated securities) and other Collateral required to be delivered to the Bank pursuant to this Section 2. The cancellation or surrender of any promissory note evidencing an Obligation, upon payment or otherwise, shall not affect the right of the Bank to retain the Collateral for any other of the Obligations.

Possession and Transfer of Collateral. Until an Event of Default has occurred hereunder, the Debtor Borrowers shall be entitled to possession or use of the Collateral (other than Instruments or Documents (including Tangible Chattel Paper and Investment Property consisting of certificated securities) and other Collateral required to be delivered to the Bank pursuant to this Section 2Collateral. The cancellation or surrender of any promissory note evidencing an Obligationthe Notes, upon payment or otherwise, shall not affect the right of the Bank to retain the Collateral for any other of the Obligations. The Borrowers shall not sell, assign (by operation of law or otherwise), license, lease or otherwise dispose of, or grant any option with respect to any of the Collateral, except that the Borrowers may sell Inventory in the ordinary course of business.

Possession and Transfer of Collateral. Until Unless an Event of Default has occurred ----------------------------------------- exists hereunder, the Debtor Borrowers shall be entitled to possession or and use of the Collateral (other than Instruments or Documents (including Documents, Tangible Chattel Paper and Investment Property consisting of certificated securities) Paper, and other Collateral required to be delivered to the Bank Lender pursuant to this Section 2------- 6). The cancellation or surrender of any promissory note evidencing an ObligationNote, upon payment or otherwise, shall -- not affect the right of the Bank Lender to retain the related Collateral for any other Obligations of the Obligationsapplicable Borrowers. Borrowers shall not effect any Asset Disposition involving Collateral.

Possession and Transfer of Collateral. Until Unless an Event of Default has occurred ----------------------------------------- exists hereunder, the Debtor Borrowers shall be entitled to possession or and use of the Collateral (other than Instruments or Documents (including Documents, Tangible Chattel Paper and Investment Property consisting of certificated securities) Paper, and other Collateral required to be delivered to the Bank Lender pursuant to this Section 26). The cancellation or surrender of any promissory note evidencing an ObligationNote, upon payment or otherwise, shall not affect the right of the Bank Lender to retain the related Collateral for any other Obligations of the Obligationsapplicable Borrowers. Borrowers shall not effect any Asset Disposition involving Collateral.

Possession and Transfer of Collateral. Until Unless an Event of Default has occurred exists hereunder, the Debtor Borrowers shall be entitled to possession or use of the Collateral (other than Instruments or Documents (including Documents, Tangible Chattel Paper and Paper, Investment Property consisting of certificated securities) securities and other Collateral required to be delivered to the Bank Lender pursuant to this Section 26). The cancellation or surrender of any promissory note evidencing an ObligationNote, upon payment or otherwise, shall not affect the right of the Bank Lender to retain the Collateral for any other of the Obligations.

Possession and Transfer of Collateral. Until Unless an Event of Default has occurred exists hereunder, the Debtor Borrower shall be entitled to possession or use of the Collateral (other than Instruments or Documents (including Documents, Tangible Chattel Paper and Paper, Investment Property consisting of certificated securities) securities and other Collateral required to be delivered to the Bank pursuant to this Section 26). The cancellation or surrender of any promissory note evidencing an ObligationNote, upon payment or otherwise, shall not affect the right of the Bank to retain the Collateral for any other of the Obligations.