Common use of Other Personal Property Clause in Contracts

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 5 contracts

Samples: Security Agreement (Jakks Pacific Inc), Term Credit Agreement (Sa Telecommunications Inc /De/), Security Agreement (Jakks Pacific Inc)

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Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which that are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such CollateralXxxxxxxxxx.

Appears in 2 contracts

Samples: Security Agreement (Medamicus Inc), Security Agreement (Corvu Corp)

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the a Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the such Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the such Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 2 contracts

Samples: Exhibit 7 (St Paul Companies Inc /Mn/), Exhibit 4 (St Paul Companies Inc /Mn/)

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the . Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 2 contracts

Samples: Term Loan and Credit Agreement (Sparta Foods Inc), Security Agreement (Sparta Foods Inc)

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven (7) days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Loan Agreement (Founders Food & Firkins LTD /Mn)

Other Personal Property. Unless at the time the Secured Party takes Parties take possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party Parties of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party Parties shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party Parties with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 2 contracts

Samples: Security Agreement (It&e International Group), Security Agreement (It&e International Group)

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such the Collateral, but which are located or found upon or within such the Collateral, describing such the property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such the property without actual knowledge of the existence of any such the property or without actual knowledge that it was located or to be found upon or within such the Collateral.

Appears in 1 contract

Samples: Paul Son Gaming Corp

Other Personal Property. Unless at the time the Secured Party ----------------------- takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Security Agreement (Nationwide Electric Inc)

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor Borrower gives written notice to the Secured Party of the existence of any goods, papers paper or other the property of the DebtorBorrower, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor Borrower for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Security Agreement (Insignia Systems Inc/Mn)

Other Personal Property. Unless If at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property properties of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or to be found upon or within such Collateral, Debtor agrees to notify Secured Party in writing of that fact, describing the property so located or to be found, within seven (7) calendar days after the date on which Secured Party took possession. Unless and until Secured Party receives such propertynotice from Debtor, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge of the fact that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Security Agreement (Vascular Solutions Inc)

Other Personal Property. Unless at the time the Secured Party Parties takes possession of any tangible Collateral, or within seven 7 days thereafter, the Debtor gives give written notice to the Secured Party Parties of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party Parties shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party Parties with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Security Agreement (EVO Transportation & Energy Services, Inc.)

Other Personal Property. Unless at the time the Secured Party party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Credit Agreement (Natural Alternatives International Inc)

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Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor Borrower gives written notice to the Secured Party of the existence of any goods, papers or other property of the DebtorBorrower, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing described such property, the Secured Party shall not be responsible or liable to the Debtor Borrower for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Security Agreement (Mercury Waste Solutions Inc)

Other Personal Property. Unless at the time the Secured Party takes Parties take possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party Parties of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party Parties shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party Parties with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Security Agreement (Ivi Publishing Inc)

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven (7) days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers papers, or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Third Party Security Agreement (Heartland, Inc.)

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers paper or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the . Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Security Agreement (Data National Corp)

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor Borrower gives written notice to the Secured Party Party's of the existence of any goods, papers paper or other the property of the DebtorBorrower, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor Borrower for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Security Agreement (Nortech Forest Technologies Inc)

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven (7) days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, Debtor not affixed to or constituting a part of such Collateral, Collateral but which are located or found upon or within such Collateral, describing Collateral and which describes such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Security Agreement (Delicious Frookie Co Inc /De/)

Other Personal Property. Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven 7 days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers paper or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

Appears in 1 contract

Samples: Security Agreement (Patient Infosystems Inc)

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