Warehouse Receipts. If any warehouse receipt or receipts in the nature of a warehouse receipt is issued in respect of any portion of the Collateral, then the Borrower: (i) will not permit such warehouse receipt or receipts in the nature thereof to be “negotiable” as such term is used in Article 7 of the Uniform Commercial Code; and (ii) will deliver all such receipts to the Lender (or a Person designated by the Lender) within five (5) days of the Lender’s request and from time to time thereafter. If no Event of Default exists, the Lender agrees to deliver to such Borrower any receipt so held by the Lender upon such Borrower’s request in connection with such sale or other disposition of the underlying inventory, if such disposition is in ordinary course of such Borrower’s business;
Warehouse Receipts. (a) The Debtor has delivered or will deliver to the Secured Party any and all documents, instruments and writings in any way relating to the Warehouse Receipts or in any way relating to the property evidenced thereby. As long as this Agreement remains in effect, the Debtor shall immediately deliver to the Secured Party any and all future documents, instruments, or other writings applicable or in any way relating to the foregoing in the Debtor’s possession. In the event that the Debtor is unable to deliver original Warehouse Receipts, and such other documents, to the Secured Party at the time this Agreement is executed, as required above, the Debtor agrees to deliver immediately such Warehouse Receipts to the Secured Party upon issuance of the same.
Warehouse Receipts. The Parties agree that OHL, for the convenience of CLIENT and OHL, may not issue warehouse receipts. This shall not be construed as a failure to comply with the receipt provision in Section 7 of the Uniform Commercial Code and OHL shall not suffer any liability for such failure. The Parties agree that the terms of this Agreement shall override any conflicting provisions of the Uniform Commercial Code in this regard. OHL agrees that (i) CLIENT may file informational financing statements with regard to inventory and (ii) OHL shall keep CLIENT’s inventory and operations clearly segregated from the inventory and operations of other OHL clients.
Warehouse Receipts. Each Grantor agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its Inventory, such warehouse receipt or receipt in the nature thereof shall not be “negotiable” (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant Law).
Warehouse Receipts. Each Borrower represents that it does not issue, and covenants that it will not issue, any negotiable warehouse receipts, nonnegotiable warehouse receipts, scale weight tickets or load slips, or any other evidence of ownership or document of title, covering any hops, malt or other grain products or derivatives, whether located at a facility owned or leased by a Borrower or otherwise, that are or were included within such Borrower’s inventory.
Warehouse Receipts. Warehouseman shall issue nonnegotiable warehouse receipts as requested by depositor for the goods stored under this agreement.
Warehouse Receipts. Such Debtor shall deliver to the Creditor any and all warehouse receipts covering any portion of the Collateral of such Debtor located in warehouses and for which warehouse receipts are issued, and shall take all actions reasonably requested by the Creditor to transfer Inventory of such Debtor to warehouses designated by the Creditor.
Warehouse Receipts. The Borrower agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt or other Document of Title is issued with respect to any of its Inventory, if such warehouse receipt or receipt in the nature thereof or other Document of Title is “negotiable” (as such term is used in Section 7-104 of the UCC as in effect in any relevant jurisdiction or under other relevant law), such warehouse receipt or receipt in the nature of a warehouse receipt or other Document of Title will be delivered to the Collateral Agent or the Collateral Agent's designated bailee within three (3) Business Days, with such appropriate endorsements (to the order of the Collateral Agent or in blank) and/or other indicia of assignment as the Collateral Agent may reasonably request.