Promissory Notes and Tangible Chattel Paper. If the Company shall at any time hold or acquire any promissory notes or tangible chattel paper, the Company shall forthwith endorse, assign and deliver the same to the Lender, accompanied by such instruments of transfer or assignment duly executed in blank as the Lender may from time to time specify.
Appears in 8 contracts
Samples: Revolving Note and Credit Agreement Modification Agreement (International Baler Corp), Security Agreement (Stran & Company, Inc.), Security Agreement (Precision Optics Corporation, Inc.)
Promissory Notes and Tangible Chattel Paper. If the Company shall at any time hold or acquire any promissory notes Promissory Notes or tangible chattel paperTangible Chattel Paper, the Company shall (when an Event of Default exists, unless required otherwise by another Loan Document) forthwith endorse, assign and deliver the same to the LenderLenders, accompanied by such instruments of transfer or assignment duly executed in blank as the Lender Lenders may from time to time specify.
Appears in 4 contracts
Samples: Security Agreement (Infosmart Group, Inc.), Security Agreement (Future Now Group Inc.), Security Agreement (Smart Move, Inc.)
Promissory Notes and Tangible Chattel Paper. If the Company shall at any time hold or acquire any promissory notes Promissory Notes or tangible chattel paperTangible Chattel Paper, the Company shall (unless required otherwise by another Loan Document) forthwith endorse, assign and deliver the same to the Lender, accompanied by such instruments of transfer or assignment duly executed in blank as the Lender may from time to time specify.
Appears in 2 contracts
Samples: Security Agreement (Converted Organics Inc.), Security Agreement (Converted Organics Inc.)
Promissory Notes and Tangible Chattel Paper. If the Company shall at any time hold or acquire any promissory notes or tangible chattel paperpaper (other than any promissory notes where the obligor/payor thereunder is a shareholder or employee of the Company), the Company shall forthwith endorseexecute a conditional assignment (i.e., assign the assignment shall become effective upon any Event of Default under the Loan Documents) and deliver the same to the Lender, accompanied by such instruments of transfer or assignment duly executed in blank as the Lender may from time to time specify.
Appears in 2 contracts
Samples: Subordinated Loan Agreement (Rurbanc Data Services Inc), Subordinated Loan Agreement (Rurbanc Data Services Inc)
Promissory Notes and Tangible Chattel Paper. If the Company shall now or at any time hereafter hold or acquire any promissory notes or tangible chattel paper, the Company shall forthwith endorse, assign and deliver the same to the Lender, accompanied by such instruments of transfer or assignment duly executed in blank as the Lender may from time to time specify.
Appears in 1 contract
Samples: Security Agreement (Microfluidics International Corp)
Promissory Notes and Tangible Chattel Paper. If the Company shall shall, now or at any time hereafter, hold or acquire any promissory notes or tangible chattel paper, the Company shall forthwith promptly endorse, assign and deliver the same to the Lender, accompanied by such instruments of transfer or assignment duly executed in blank as the Lender may from time to time specify.
Appears in 1 contract
