Promptly upon Borrower Sample Clauses
Promptly upon Borrower s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Chattel Paper, Borrower shall deliver the original thereof to Bank together with an appropriate endorsement or other specific evidence of assignment thereof to Bank (in form and substance acceptable to Bank). If an endorsement or assignment of any such items shall not be made for any reason, Bank is hereby irrevocably authorized, as Borrower's attorney and agent-in-fact, to endorse or assign the same on Borrower's behalf.
Promptly upon Borrower s receipt of knowledge thereof, notify Lender in the event of the disposal of any hazardous substance at any property owned, leased, or operated by Borrower, or in the event of any release, or threatened release, of a hazardous substance, from any such property, unless such action would not have a Material Adverse Effect.
Promptly upon Borrower s learning thereof, inform Lender, in writing, of (i) any material delay in Borrower's performance of any of its obligations to any Account Debtor and of any written assertion of any claims, offsets, defenses or counterclaims by any Account Debtor and of any allowances or credits granted (including all credits issued for returned or repossessed inventory) and/or other monies advanced by Borrower to any Account Debtor, in each case, only as would be reasonably expected to have a materially adverse effect on the ability of Borrower to pay principal and interest on the Loan and (ii) all adverse written information relating to the financial or other condition of any Account Debtor, in each case, only as would be reasonably expected to have a materially adverse effect on the ability of Borrower to pay principal and interest on the Loan;
Promptly upon Borrower s use thereof, Borrower shall furnish to Agent a copy of each recipe and procedures for making each product of Borrower, which shall be held by Agent in a safe deposit box until such time as an Event of Default exists. Prior to an Event of Default, Agent will not disclose or distribute the recipes or procedures to any Person, UNLESS in connection with pursuing and enforcing Agent's and Lender's remedies under the Loan Documents. Notwithstanding anything contained in this Agreement to the contrary, CapitalSource and its affiliates, as Agent and/or Lender, may disclose to their lenders such recipes and procedures, provided such lenders agree with CapitalSource (orally or in writing) to be subject to the restrictions set forth in this SECTION 6.1(G).