Common use of Other Collateral Clause in Contracts

Other Collateral. Borrower shall promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts, Investment Property, Letter-of-Credit Rights or Electronic Chattel Paper and, upon the request of Lender, promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender control with respect to such Collateral; promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents or Instruments and, upon the request of Lender, will promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender possession of such Documents which are negotiable and Instruments, and, with respect to nonnegotiable Documents, to have such nonnegotiable Documents issued in the name of Lender; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and obtain an acknowledgement from the third party that it is holding the Collateral for the benefit of Lender.

Appears in 7 contracts

Samples: Consolidated Loan and Security Agreement and Modification Agreement, Consolidated Loan and Security Agreement (DXP Enterprises Inc), Loan and Security Agreement (Iwt Tesoro Corp)

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Other Collateral. The applicable Borrower shall promptly notify Lender Agent in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts, Investment Property, Letter-of-Credit Rights or Electronic Chattel Paper and, upon the request of LenderAgent, promptly execute such other documents, and do such other acts or things deemed appropriate by Lender Agent to deliver to Lender Agent control with respect to such Collateral; promptly notify Lender Agent in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents or Instruments and, upon the request of LenderAgent, will promptly execute such other documents, and do such other acts or things deemed appropriate by Lender Agent to deliver to Lender Agent possession of such Documents which are negotiable and Instruments, and, with respect to nonnegotiable Documents, to have such nonnegotiable Documents issued in the name of LenderAgent; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and Document, obtain an acknowledgement from the third party that it is holding the Collateral for the benefit of LenderAgent.

Appears in 4 contracts

Samples: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)

Other Collateral. Borrower shall promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts, Investment Property, Letter-of-Credit Rights or Electronic Chattel Paper and, upon the reasonable request of Lender, promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender control with respect to such Collateral; promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents documents or Instruments other instruments and, upon the reasonable request of Lender, will promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender possession of such Documents which are negotiable and Instruments, and, with respect to nonnegotiable non negotiable Documents, to have such nonnegotiable Documents issued in the name of Lender; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and obtain an acknowledgement acknowledgment from the third party that it is holding the Collateral collateral for the benefit of Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lounsberry Holdings Ii Inc), Loan and Security Agreement (Techprecision Corp)

Other Collateral. Borrower The Loan Parties shall promptly notify Lender Agent in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts (other than Excluded Deposit Accounts), Investment Property, Letter-of-Letter of Credit Rights or Electronic Chattel Paper and, upon the request of LenderAgent, promptly execute such other documents, and do such other acts or things deemed appropriate by Lender Agent to deliver to Lender Agent control with respect to such Collateral; promptly notify Lender Agent in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents or Instruments and, upon the request of LenderAgent, will promptly execute such other documents, and do such other acts or things deemed appropriate by Lender Agent to deliver to Lender Agent possession of such Documents which are negotiable (to the extent negotiable) and Instruments, and, and with respect to nonnegotiable non‑negotiable Documents, to have such nonnegotiable non‑negotiable Documents issued in the name of LenderAgent; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and Document, obtain an acknowledgement acknowledgment from the third party that it is holding the Collateral for the benefit of LenderAgent.

Appears in 1 contract

Samples: Credit and Security Agreement (Katy Industries Inc)

Other Collateral. Each Borrower shall promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts, Investment Property, Letter-of-Credit Rights or Electronic Chattel Paper and, upon the request of Lender, promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender control with respect to such Collateral; promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents or Instruments and, upon the request of Lender, will promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender possession of such Documents which are negotiable and Instruments, and, with respect to nonnegotiable Documents, to have such nonnegotiable Documents issued in the name of Lender; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and obtain an acknowledgement acknowledgment from the third party that it is holding the Collateral for the benefit of Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Blue Star Foods Corp.)

Other Collateral. Borrower shall promptly notify Lender Agent in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts, Investment Property, Letter-of-Letter of Credit Rights or Electronic Chattel Paper and, upon the request of LenderAgent, promptly execute such other documents, and do such other acts or things reasonably deemed appropriate by Lender Agent to deliver to Lender Agent, for the benefit of Lenders, control with respect to such Collateral; promptly notify Lender Agent in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents or Instruments and, upon the request of LenderAgent, will promptly execute such other documents, and do such other acts or things deemed appropriate by Lender Agent to deliver to Lender Agent, for the benefit of Lenders, possession of such Documents which are negotiable and Instruments, and, with respect to nonnegotiable Documents, to have such nonnegotiable Documents issued in the name of LenderAgent; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and obtain an acknowledgement from the third party that it is holding the Collateral for the benefit of LenderLenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Industrial Data Systems Corp)

Other Collateral. Borrower The Loan Parties shall promptly notify the Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts, Investment Property, Letter-of-Letter of Credit Rights or Electronic Chattel Paper and, upon the request of the Lender, promptly execute such other documents, and do such other acts or things deemed appropriate by the Lender to deliver to the Lender control with respect to such Collateral; promptly notify the Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents or Instruments and, upon the request of the Lender, will promptly execute such other documents, and do such other acts or things deemed appropriate by the Lender to deliver to the Lender possession of such Documents which are negotiable (to the extent negotiable) and Instruments, and, and with respect to nonnegotiable non‑negotiable Documents, to have such nonnegotiable non‑negotiable Documents issued in the name of the Lender; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and Document, obtain an acknowledgement acknowledgment from the third party that it is holding the Collateral for the benefit of the Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Mfri Inc)

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Other Collateral. Borrower Borrowers shall promptly notify Lender Agent in writing upon any Borrower acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts, Investment Property, Letter-of-Credit Rights or Electronic Chattel Paper and, upon the request of LenderAgent, promptly execute such other documents, and do such other acts or things deemed appropriate by Lender Agent to deliver to Lender Agent control with respect to such Collateral; promptly notify Lender Agent in writing upon any Borrower acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents or Instruments and, upon the request of LenderAgent, will promptly execute such other documents, and do such other acts or things deemed appropriate by Lender Agent to deliver to Lender Agent possession of such Documents which are negotiable and Instruments, and, with respect to nonnegotiable Documents, to have such nonnegotiable Documents issued in the name of LenderAgent; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and Document, obtain an acknowledgement from the third party that it is holding the Collateral for the benefit of LenderAgent.

Appears in 1 contract

Samples: Loan and Security Agreement (Pw Eagle Inc)

Other Collateral. Borrower shall promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts, Investment Property, Letter-of-Credit Rights or Electronic Chattel Paper and, upon the request of Lender, promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender control with respect to such CollateralCollateral (provided, however, the payroll accounts maintained by Borrower and/or Guarantor and set forth on Exhibit S shall not be subject to the requirements of this subsection 5.2.2.); promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents or Instruments and, upon the request of Lender, will promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender possession of such Documents which are negotiable and Instruments, and, with respect to nonnegotiable Documents, to have such nonnegotiable Documents issued in the name of Lender; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and obtain an acknowledgement from the third party that it is holding the Collateral for the benefit of Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Joule Inc)

Other Collateral. Borrower shall promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts, Investment Property, Letter-of-Credit Rights or Electronic Chattel Paper and, upon the request of Lender, promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender control with respect to such Collateral; promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents or Instruments and, upon the request of Lender, will promptly execute such other documents, and do such other acts or things reasonably deemed appropriate by Lender to deliver to Lender possession of such Documents which are negotiable and Instruments, and, with respect to nonnegotiable Documents, to have such nonnegotiable Documents issued in the name of Lender; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and obtain an acknowledgement from the third party that it is holding the Collateral for the benefit of Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Healthcare Products Inc)

Other Collateral. Each Borrower shall promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Deposit Accounts, Investment Property, Letter-of-Credit Rights or Electronic Chattel Paper and, upon the request of Lender, promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender control with respect to such Collateral; promptly notify Lender in writing upon acquiring or otherwise obtaining any Collateral after the date hereof consisting of Documents or Instruments and, upon the request of Lender, will promptly execute such other documents, and do such other acts or things deemed appropriate by Lender to deliver to Lender possession of such Documents which are negotiable and Instruments, and, with respect to nonnegotiable Documents, to have such nonnegotiable Documents issued in the name of Lender; and with respect to Collateral in the possession of a third party, other than Certificated Securities and Goods covered by a Document and obtain an a written acknowledgement from the third party that it is holding the Collateral for the benefit of Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Measurement Specialties Inc)

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