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

Promissory Notes and Tangible Chattel Paper. If such Grantor, together with the other Grantors, shall at any time hold or acquire any promissory notes or tangible chattel paper in an aggregate principal amount of more than $50,000, such Grantor shall forthwith endorse, assign and deliver the same to the Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Agent may from time to time specify to be held by the Agent as Collateral pursuant to this Agreement.

Promissory Notes and Tangible Chattel Paper. If such Grantor, together with the other Grantors, shall at any time hold or acquire any instruments, promissory notes or tangible chattel paper in an aggregate principal amount of more than $50,00050,000 payable to such Grantor under or in connection with any account, such Grantor shall forthwith endorse, assign and deliver the same to the AgentPurchaser, accompanied by such instruments of transfer or assignment duly executed in blank as the Agent Purchaser may from time to time specify to be held by the Agent Purchaser as Collateral pursuant to this Agreement.

Promissory Notes and Tangible Chattel Paper. If such Grantor, together with the other Grantors, shall at any time hold or acquire any promissory notes or tangible chattel paper in an aggregate principal amount of more than $50,000250,000, such Grantor shall forthwith endorse, assign and deliver the same to the Administrative Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Administrative Agent may from time to time specify to be held by the Administrative Agent as Collateral pursuant to this Agreement.

Promissory Notes and Tangible Chattel Paper. If such Grantor, together with the other Grantors, any Grantor shall at any time hold or acquire any promissory notes or tangible chattel paper, and the amounts payable that are evidenced by any promissory notes or tangible chattel paper not previously delivered to the Agent exceeds $250,000 in an the aggregate principal amount of more than $50,000for all Grantors, such Grantor shall forthwith endorse, assign and deliver the same to the Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Agent may from time to time specify to be held by the Agent as Collateral pursuant to this Agreementspecify.

Promissory Notes and Tangible Chattel Paper. If such Grantor, together with the other Grantors, shall at any time hold or acquire any promissory notes (other than those made by an employee of such Grantor) or tangible chattel paper in an aggregate principal amount of more than $50,0001,000,000, such Grantor shall forthwith endorse, assign and deliver the same to the Administrative Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Administrative Agent may from time to time specify to be held by the Administrative Agent as Collateral pursuant to this Agreement.

Promissory Notes and Tangible Chattel Paper. If such Grantor, together with the other Grantors, shall at any time hold or acquire any promissory notes (other than those made by an employee of such Grantor) or tangible chattel paper in an aggregate principal amount of more than $50,0001,000,000, such Grantor shall forthwith endorse, assign and subject to the provisions of the Intercreditor Agreement, deliver the same to the Administrative Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Administrative Agent may from time to time specify to be held by the Administrative Agent as Collateral pursuant to this Agreement.