Example ContractsClauseschattel paperVariants
Chattel Paper
Chattel Paper contract clause examples

Instruments; Chattel Paper; and Documents. Grantor will # deliver to Secured Party immediately upon written request from Secured Party the originals of all Chattel Paper and Instruments (if any then exists) with an individual value of $3,000,000 or more, and # mark conspicuously all Chattel Paper (other than any delivered to Secured Party) with an appropriate reference to the security interest of Secured Party. Secured Party shall immediately deliver to Grantor and Collateral held by Secured Party # if no Event of Default has occurred and is continuing, in connection with an exercise of Grantor’s rights with respect to such Collateral, and # if required pursuant to the terms of the agreements governing such Collateral, subject in each case to Grantor’s obligations (if any) to deliver any Collateral received in exchange therefor.

Instruments; Chattel Paper; Collateral Notes; and Collateral Note Security. All Instruments and Chattel Paper, including the Collateral Notes, in each case with a value of more than $3,000,000 individually have been delivered to Secured Party, together with corresponding endorsements duly executed by the applicable Grantor in favor of Secured Party, and such endorsements have been duly and validly executed. As of the date hereof, # each Collateral Note and the Documents evidencing the Collateral Note Security are in full force and effect, # there have been no amendments, modifications, or supplements to such Collateral Note or Documents evidencing the Collateral Note Security about which Secured Party has not been advised in writing, and # and no default has occurred and is continuing under any such Collateral Note or Documents evidencing the Collateral Note Security, except as disclosed on [Schedule 3.10].

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