Common use of Delivery of Instruments Clause in Contracts

Delivery of Instruments. In the event any Receivable in an amount in excess of $100,000 is, or Receivables in excess of $500,000 in the aggregate are at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, each Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the Lenders.

Delivery of Instruments. In the event any Receivable in an amount in excess of $100,000 50,000 is, or Receivables in excess of $500,000 100,000 in the aggregate are are, at any time evidenced by a promissory notenote or notes, trade acceptance or any other instrument for the payment of money, each the Borrower will immediately thereafter deliver such instrument instruments to the AgentLender, appropriately endorsed to the Agent, for the benefit of the LendersLender.

Delivery of Instruments. In the event any Receivable in an amount in excess of $100,000 is, or Receivables in excess of $500,000 in the aggregate are are, at any time evidenced by a promissory notenote or notes, trade acceptance or any other instrument for the payment of money, each the Borrower will immediately thereafter upon demand by the Administrative Agent, deliver such instrument instruments to the Administrative Agent, appropriately endorsed to the Administrative Agent, for the benefit of the Lenders.

Delivery of Instruments. In the event any Receivable in an amount in excess of $100,000 is, or Receivables in excess of $500,000 in the aggregate are are, at any time evidenced by a promissory notenote or notes, trade acceptance or any other instrument for the payment of money, each Borrower the applicable Borrowers will immediately thereafter upon demand by the Administrative Agent, deliver such instrument instruments to the Administrative Agent, appropriately endorsed to the Administrative Agent, for the benefit of the Lenders.

Delivery of Instruments. In the event any Receivable in an amount in excess of $100,000 50,000 is, or Receivables in excess of $500,000 100,000 in the aggregate are are, at any time evidenced by a promissory notenote or notes, trade acceptance or any other instrument for the payment of money, each Borrower or the applicable Guarantor will immediately notify Lender and, if directed, thereafter deliver such instrument instruments to the AgentLender, appropriately endorsed to the Agent, for the benefit of the LendersLender.

Delivery of Instruments. In the event any Receivable in an amount in excess of $100,000 is, or Receivables in excess of $500,000 250,000 in the aggregate are are, at any time evidenced by a promissory notenote or notes, trade acceptance or any other instrument for the payment of money, each the Borrower will immediately thereafter deliver such instrument instruments to the AgentLender, appropriately endorsed to the Agent, for the benefit of the LendersLender.