Common use of Promissory Notes and Tangible Chattel Paper Clause in Contracts

Promissory Notes and Tangible Chattel Paper. If the Guarantor shall, now or at any time hereafter, hold or acquire any promissory notes or any tangible chattel paper individually having a face value in excess of $2,500,000 (each, a “Material Note” or “Material Tangible Chattel Paper”, as the case may be), the Guarantor shall forthwith endorse, assign and deliver to the Agent each such Material Note or Material Chattel Paper, as the case may be, and, in each case of a required endorsement, assignment and delivery, accompanied by such instruments of transfer or assignment duly executed in blank as the Agent may from time to time specify.

Promissory Notes and Tangible Chattel Paper. If the Guarantor shall, now or at any time hereafter, hold or acquire any promissory notes or any tangible chattel paper individually having a face value in excess of $2,500,000 (each, a “Material Note” or “Material Tangible Chattel Paper”, as the case may be), the Guarantor shall forthwith endorse, assign and deliver to the Agent Lender each such Material Note or Material Chattel Paper, as the case may be, and, in each case of a required endorsement, assignment and delivery, accompanied by such instruments of transfer or assignment duly executed in blank as the Agent Lender may from time to time specify.

Promissory Notes and Tangible Chattel Paper. If the Guarantor Borrower shall, now or at any time hereafter, hold or acquire any promissory notes or any tangible chattel paper individually having a face value in excess of $2,500,000 (each, a “Material Note” or “Material Tangible Chattel Paper”, as the case may be), the Guarantor Borrower shall forthwith endorse, assign and deliver to the Agent each such Material Note or Material Chattel Paper, as the case may be, and, in each case of a required endorsement, assignment and delivery, accompanied by such instruments of transfer or assignment duly executed in blank as the Agent may from time to time specify.