Common use of Electronic Chattel Paper Clause in Contracts

Electronic Chattel Paper. To the extent that Borrower obtains or maintains any Electronic Chattel Paper, Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 12 contracts

Samples: Loan and Security Agreement (Sri Surgical Express Inc), Loan and Security Agreement (Sri Surgical Express Inc), Loan and Security Agreement (Obsidian Enterprises Inc)

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Electronic Chattel Paper. To the extent that a Borrower obtains or maintains any Electronic Chattel Paper, such Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 7 contracts

Samples: Loan and Security Agreement (Hartville Group Inc), Loan and Security Agreement (Novitron International Inc), Loan and Security Agreement (Am Communications Inc)

Electronic Chattel Paper. To the extent that Borrower obtains or maintains any Electronic Chattel Paper, Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 4 contracts

Samples: Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Perry-Judds Inc), Loan and Security Agreement (Apac Customer Service Inc)

Electronic Chattel Paper. To the extent that Borrower obtains or maintains any Electronic Chattel Paper, Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Administrative Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Administrative Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAdministrative Agent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 3 contracts

Samples: Loan and Security Agreement (TPG Pace Holdings Corp.), Loan and Security Agreement (Cobra Electronics Corp), Loan and Security Agreement (Cobra Electronics Corp)

Electronic Chattel Paper. To the extent that a Borrower obtains or maintains any Electronic Chattel Paper, such Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 3 contracts

Samples: Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Amcon Distributing Co)

Electronic Chattel Paper. To the extent that Borrower such Grantor obtains or maintains any Electronic Chattel Paper, Borrower Grantor shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender the Collateral Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Collateral Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lenderthe Collateral Agent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 3 contracts

Samples: Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group Inc), Credit Agreement (Willbros Group Inc)

Electronic Chattel Paper. To the extent that Borrower any Loan Party obtains or maintains any Electronic Chattel Paper, Borrower such Loan Party shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Lawson Products Inc/New/De/), Loan and Security Agreement (Katy Industries Inc)

Electronic Chattel Paper. To the extent that Borrower such Grantor obtains or maintains any Electronic Chattel Paper, Borrower Grantor shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender the Administrative Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Administrative Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lenderthe Administrative Agent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 2 contracts

Samples: Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.)

Electronic Chattel Paper. To the extent that Borrower a Credit Party obtains or maintains any Electronic Chattel Paper, Borrower such Credit Party shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 2 contracts

Samples: Loan and Security Agreement (Omni Energy Services Corp), Loan and Security Agreement (Omni Energy Services Corp)

Electronic Chattel Paper. To the extent that a Borrower obtains or maintains any Electronic Chattel Paper, Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 2 contracts

Samples: Loan and Security Agreement (Seven Arts Pictures PLC), Loan and Security Agreement (Seven Arts Pictures PLC)

Electronic Chattel Paper. To the extent that any Borrower obtains or maintains any Electronic Chattel Paper, such Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Teletouch Communications Inc)

Electronic Chattel Paper. To the extent that Borrower obtains or maintains any Electronic Chattel Paper, Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.. Greystone Business Credit II LLC Loan and Security Agreement

Appears in 1 contract

Samples: Loan and Security Agreement (Thomas Equipment, Inc.)

Electronic Chattel Paper. To the extent that Borrower a Debtor obtains or maintains any Electronic Chattel Paper, Borrower such Debtor shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ia) a single authoritative copy of the record or records exists which is unique, identifiable and and, except as otherwise provided in clauses (ivd), (ve) and (vif) below, unalterable, (iib) the authoritative copy identifies Lender the Collateral Agent as the assignee of the record or records, (iiic) the authoritative copy is communicated to and maintained by the Lender Collateral Agent or its designated custodian, (ivd) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lenderthe Collateral Agent, (ve) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vif) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Guarantor Security Agreement (Medical Technology Systems Inc /De/)

Electronic Chattel Paper. To the extent that Borrower obtains or maintains any Electronic Chattel PaperPaper in an amount in excess of $50,000, Borrower shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Hudson Global, Inc.)

Electronic Chattel Paper. To the extent that either Borrower obtains or maintains any Electronic Chattel Paper, such Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Wells Gardner Electronics Corp)

Electronic Chattel Paper. To the extent that Borrower any Obligor obtains or maintains any Electronic Chattel Paperelectronic chattel paper, Borrower such Obligor shall create, store and assign the record or records comprising the Electronic Chattel Paper electronic chattel paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and and, except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Hooper Holmes Inc)

Electronic Chattel Paper. To the extent that any Borrower obtains or maintains any Electronic Chattel Paperelectronic chattel paper, such Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper electronic chattel paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and and, except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Bank as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Bank or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderBank, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (InfoLogix Inc)

Electronic Chattel Paper. To the extent that Borrower any Credit Party obtains or maintains any Electronic Chattel Paper, Borrower such Credit Party shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ia) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (ivd), (ve) and (vif) below, unalterable, (iib) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iiic) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (ivd) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (ve) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vif) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Addus HomeCare Corp)

Electronic Chattel Paper. To the extent that Borrower any Loan Party obtains or maintains any Electronic Chattel Paper, Borrower such Loan Party shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ia) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (ivd), (ve) and (vif) below, unalterable, (iib) the authoritative copy identifies Lender as the assignee of the record or records, (iiic) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (ivd) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (ve) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy copy, and (vif) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Credit and Security Agreement (Lime Energy Co.)

Electronic Chattel Paper. To the extent that Borrower a Debtor obtains or maintains any Electronic Chattel Paper, Borrower such Debtor shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and and, except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Guarantor Security Agreement (Medical Technology Systems Inc /De/)

Electronic Chattel Paper. To the extent that Borrower obtains Borrowers obtain or maintains maintain any Electronic Chattel Paper, Borrower Borrowers shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ia) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (ivd), (ve) and (vif) below, unalterable, (iib) the authoritative copy identifies Lender as the assignee of the record or records, (iiic) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (ivd) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (ve) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vif) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Credit and Security Agreement (Clark Holdings Inc.)

Electronic Chattel Paper. To the extent that Borrower any Obligor obtains or maintains any Electronic Chattel Paper, Borrower such Obligor shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Emcore Corp)

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Electronic Chattel Paper. To the extent that any Borrower obtains or maintains any Electronic Chattel PaperPaper constituting proceeds of the Collateral, such Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (WESTMORELAND COAL Co)

Electronic Chattel Paper. To the extent that a Borrower obtains or maintains any Electronic Chattel Paper, such Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ia) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (ivd), (ve) and (vif) below, unalterable, (iib) the authoritative copy identifies Lender as the assignee of the record or records, (iiic) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (ivd) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (ve) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vif) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Credit and Security Agreement (Mendocino Brewing Co Inc)

Electronic Chattel Paper. To the extent that Borrower obtains or maintains any Electronic Chattel Paper, Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Cobra Electronics Corp)

Electronic Chattel Paper. To the extent that a Borrower obtains or maintains any Electronic Chattel Paper, such Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and and, except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Medical Technology Systems Inc /De/)

Electronic Chattel Paper. To the extent that Borrower the Debtor obtains or maintains any Electronic Chattel Paper, Borrower the Debtor shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ia) a single authoritative copy of the record or records exists which is unique, identifiable and and, except as otherwise provided in clauses (ivd), (ve) and (vif) below, unalterable, (iib) the authoritative copy identifies Lender the Collateral Agent as the assignee of the record or records, (iiic) the authoritative copy is communicated to and maintained by the Lender Collateral Agent or its designated custodian, (ivd) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lenderthe Collateral Agent, (ve) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vif) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Security Agreement (Medical Technology Systems Inc /De/)

Electronic Chattel Paper. To the extent that a Borrower obtains or maintains any Electronic Chattel Paper, such Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and and, except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Industries Corp)

Electronic Chattel Paper. To the extent that Borrower obtains or maintains any Electronic Chattel Paper, Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy copy, and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.. (e)

Appears in 1 contract

Samples: Loan and Security Agreement (Dynasil Corp of America)

Electronic Chattel Paper. To the extent that Borrower any Loan Party obtains or maintains any Electronic Chattel PaperPaper with an individual or aggregate value in excess of $250,000, Borrower such Loan Party shall at all times create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ia) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (iib) the authoritative copy identifies Lender as the assignee of the record or records, (iiic) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (ivd) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderXxxxxx, (ve) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vif) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.. 5.6

Appears in 1 contract

Samples: Loan and Security Agreement (Inseego Corp.)

Electronic Chattel Paper. To the extent that Borrower a Loan Party obtains or maintains any Electronic Chattel Paper, Borrower such Loan Party shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Coachmen Industries Inc)

Electronic Chattel Paper. To the extent that Borrower obtains Borrowers obtain or maintains maintain any Electronic Chattel Paper, Borrower Borrowers shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its their designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Coast Distribution System Inc)

Electronic Chattel Paper. To the extent that Borrower Bxxxxxxx obtains or maintains any Electronic Chattel Paper, Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (ia) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (ivd), (ve) and (vif) below, unalterable, (iib) the authoritative copy identifies Lender as the assignee of the record or records, (iiic) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (ivd) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderLxxxxx, (ve) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vif) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Credit and Security Agreement (Singing Machine Co Inc)

Electronic Chattel Paper. To the extent that Borrower a Grantor obtains or maintains any Electronic Chattel Paper, Borrower such Grantor shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of LenderAgent, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Poindexter J B & Co Inc)

Electronic Chattel Paper. To the extent that any Borrower obtains or maintains any Electronic Chattel Paper, such Borrower shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies Lender as the assignee of the record or records, (iii) the authoritative copy is communicated to and maintained by the Lender or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of Lender, (v) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision.

Appears in 1 contract

Samples: Loan and Security Agreement (Broadwind Energy, Inc.)

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