Common use of Instruments and Chattel Paper Clause in Contracts

Instruments and Chattel Paper. All Chattel Paper shall be marked with the following legend: "This writing and the obligations evidenced or secured hereby are subject to the security interest of Sanwa Business Credit Corporation, as agent." Upon the request of the Agent and at all times upon the occurrence and during the continuance of a Default or Event of Default, immediately upon any Borrower's receipt thereof, such Borrower shall deliver or cause to be delivered to the Agent, with appropriate endorsement and assignment to vest title, with full recourse to such Borrower, and possession in the Agent, on behalf of the Lenders, all Instruments and Chattel Paper which such Borrower now owns or may at any time or times hereafter acquire.

Instruments and Chattel Paper. All Chattel Paper shall be marked with the following legend: "This writing and the obligations evidenced or secured hereby are subject to the security interest of Sanwa Business Credit Corporation, as agent." Upon the request of the Agent and at all times upon after the occurrence and during the continuance of a Default or an Event of Default, immediately upon any the Borrower's receipt thereof, such the Borrower shall deliver or cause to be delivered to the Agent, with appropriate endorsement and assignment to vest title, with full recourse to such the Borrower, and possession in the Agent, on behalf of the Lenders, all Instruments and Chattel Paper which such the Borrower now owns or may at any time or times hereafter acquire.

Instruments and Chattel Paper. All Chattel Paper shall be marked with the following legend: "This writing and the obligations evidenced or secured hereby are subject to the security interest of Sanwa Business Credit Corporation, as agent." Upon the request of the Agent and at all times upon after the occurrence and during the continuance of a Default or Event of Default, immediately upon any the Borrower's receipt thereof, such the Borrower shall deliver or cause to be delivered to the Agent, with appropriate endorsement and assignment to vest title, with full recourse to such the Borrower, and possession in the Agent, on behalf of the Lenders, all Instruments and Chattel Paper which such the Borrower now owns or may at any time or times hereafter acquire.