Common use of Possession or Control of Certain Collateral Clause in Contracts

Possession or Control of Certain Collateral. The Borrower, each of the other Loan Parties and their Subsidiaries have delivered to the Lender possession of all originals of all promissory notes or other instruments, stock certificates, chattel paper and negotiable documents constituting Collateral. None of the Accounts (as defined in the Security Agreement) is evidenced by a promissory note or other instrument, chattel paper or negotiable document.

Appears in 11 contracts

Sources: Credit Agreement (First Trust Hedged Strategies Fund), Credit Agreement (First Trust Alternative Opportunities Fund), Credit Agreement (First Trust Private Credit Fund)