Where Collateral. is in the possession of a third party, Borrower will, if requested by FIL, join with FIL in notifying the third party of FIL's security interest and obtaining an acknowledgment from the third party that it is holding the Collateral for the benefit of FIL.
Appears in 2 contracts
Sources: Loan and Security Agreement (Angelciti Entertainment Inc /Fl/), Loan and Security Agreement (T & G2)