Third-Party Collateral. If Borrower shall at any time hold or acquire an interest in Collateral in the possession of a third party (other than Certificated Securities and Goods covered by a Document), Borrower shall (subject to the rights of BHF therein) promptly obtain an acknowledgment from the third party that it is holding such Collateral for the benefit of BHF and the Lender.
Appears in 2 contracts
Sources: Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp)