Common use of Submission of Collateral Documents Clause in Contracts

Submission of Collateral Documents. Each Borrower shall promptly, but in no event later than twenty (20) days following the conversion of an Account to an instrument or chattel paper, notify the Administrative Agent if an Account becomes evidenced or secured by an instrument or chattel paper and, upon request of the Administrative Agent, promptly deliver any such instrument or chattel paper to the Lender.

Submission of Collateral Documents. Each The Borrower shall, and shall cause each Guarantor to, promptly, but in no event later than twenty (20) days following the conversion of an Account in an amount in excess of $1,000,000.00 to an instrument or chattel paper, notify the Administrative Agent if an Account becomes evidenced or secured by an instrument or chattel paper and, upon request of the Administrative Agent, promptly deliver any such instrument or chattel paper to the Lender.

Submission of Collateral Documents. Each Borrower Obligor shall promptly, but in no event later than twenty (20) days following the conversion of an Account to an instrument or chattel paper, notify the Administrative Agent if an Account becomes evidenced or secured by an instrument or chattel paper and, upon request of the Administrative Agent, promptly deliver any such instrument or chattel paper to the Lender.