Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the Lenders.
Appears in 5 contracts
Samples: Loan and Security Agreement (Meadowcraft Inc), Loan and Security Agreement (Standard Commercial Corp), Loan and Security Agreement (Texfi Industries Inc)
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower Obligors will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the LendersSecured Creditors.
Appears in 4 contracts
Samples: Loan and Security Agreement (Tultex Corp), Tultex Corp, Safety Components International Inc
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the relevant Borrower will immediately thereafter promptly upon request of the Administrative Agent deliver such instrument to the Administrative Agent, appropriately endorsed to the Agent, for the benefit of the Lenders.
Appears in 2 contracts
Samples: Loan and Security Agreement (Winston Furniture Co of Alabama Inc), Loan and Security Agreement (Winsloew Furniture Inc)
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower will immediately thereafter Borrowers will, promptly upon request by the Administrative Agent, deliver such instrument to the Administrative Agent, appropriately endorsed to the Administrative Agent, for the benefit of the Lenders.
Appears in 2 contracts
Samples: Loan and Security Agreement (American Tire Distributors Inc), Loan and Security Agreement (Heafner Tire Group Inc)
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the LendersCredit Parties.
Appears in 1 contract
Delivery of Instruments. In the event any Receivable is at any time becomes evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit Agent on behalf of the Lenders.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Synthetic Industries Inc)
Delivery of Instruments. In the event any Receivable that is not a part of the Purchased A/R is at any time evidenced by a promissory note, trade acceptance note or any other instrument for the payment of money, the Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the Lenders.
Appears in 1 contract
Samples: Loan and Security Agreement (Synthetic Industries Inc)
Delivery of Instruments. In the event any Receivable is at any time ------------------------ becomes evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower Borrowers will immediately thereafter deliver such instrument to the AgentLender, appropriately endorsed to the Agent, for the benefit of the LendersLender.
Appears in 1 contract
Samples: Loan and Security Agreement (Harrys Farmers Market Inc)
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower Borrowers will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the Lenders.
Appears in 1 contract
Delivery of Instruments. In After the occurrence of an Event of Default and during the continuance thereof, in the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, Agent for the benefit of the Lenders.
Appears in 1 contract
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower will immediately thereafter Borrowers will, promptly upon request by the Agent, deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the Lenders.
Appears in 1 contract
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower will immediately thereafter deliver such instrument to the Collateral Agent, appropriately endorsed to the Collateral Agent, for the benefit of the LendersSecured Creditors.
Appears in 1 contract
Samples: Loan and Security Agreement (Ithaca Industries Inc)
Delivery of Instruments. In the event any Receivable is at any time evidenced by a promissory note, trade acceptance or any other instrument for the payment of money, the Borrower will immediately thereafter deliver such instrument to the Agent, appropriately endorsed to the Agent, for the benefit of the LendersSecured Creditors.
Appears in 1 contract
Samples: Loan and Security Agreement (Ithaca Industries Inc)
