Example ContractsClausesdelay in possessionVariants
Remove:

Possession of Collateral Agent and Secured Parties appoint each Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liens in any Collateral held or controlled by such Lender, to the extent such Liens are perfected by possession or control If any Lender obtains possession or control of any Collateral, it shall notify Agent thereof and, promptly upon Agent’s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructions

Possession of Collateral Agent and Secured Parties appointEach Lender irrevocably appoints each other Lender as its agent (for the benefit of Secured Parties)and bailee for the purpose of perfecting Liens (whether pursuant to [Section 8-301(a)(2)] of the UCC or otherwise), for the benefit of the Secured Parties, in assets in which, in accordance with the UCC or any Collateral held or controlled by such Lender, to the extent such Liens areother applicable Legal Requirement, a security interest can be perfected by possession or control Ifcontrol. Should any Lender obtainsSecured Party (other than the Collateral Agent) obtain possession or control of any such Collateral, itsuch Person shall notify the Collateral Agent thereofthereof, and, promptly uponfollowing the Collateral Agent’s request,request therefor, shall deliver such Collateral to the Collateral Agent or otherwise deal with itsuch Collateral in accordance with the Collateral Agent’s instructionsinstructions.

Possession of CollateralSection # Agency for Perfection. Each Lender hereby appoints Agent and Secured Parties appoint each other Lender as agent (for the benefit of Secured Parties)and bailee for the purpose of perfecting Liensthe security interests in anyand liens upon the Collateral held or controlled by such Lender, toin assets which, in accordance with the extent such Liens areCode, can be perfected only by possession or control If any(or where the security interest of a secured party with possession or control has priority over the security interest of another secured party) and Agent and each Lender obtainshereby acknowledges that it holds possession or control of any such Collateral for the benefit of the Agent as secured party. Should any Lender obtain possession or control of any such Collateral, itsuch Lender shall notify the Agent thereofthereof, and, promptly upon Agent’the Agent’s request,request therefor shall deliver possession or control of such Collateral to the Agent or otherwise deal with it in accordance with Agent’the Agent’s instructionsinstructions. Borrower by its execution and delivery of this Agreement hereby consents to the foregoing.

Possession of Collateral Agent and Secured Parties appointAgency for Perfection. Each Lender hereby appoints each other Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liensthe Lenders’ security interest in any Collateral held or controlledassets which, in accordance with Article 9 of the Code, can be perfected only by such Lender, to the extent such Liens are perfected by possession or control Ifpossession. Should any Lender obtains(other than Agent) obtain possession or control of any such Collateral, itsuch Lender shall notify Agent thereofthereof, and, promptly upon Agent’s request,request therefor shall deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructionsinstructions.

Possession of CollateralAgency for Perfection. Agent and Secured Parties appointhereby appoints each other Lender (and each Bank Product Provider) as its agent (and each Lender as agent (for the benefit of Secured Parties)hereby accepts (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of perfecting Agent’s Liens in any Collateral heldassets which, in accordance with [Article 8] or controlled by such Lender, to[Article 9], as applicable, of the extent such Liens areCode can be perfected by possession or control Ifcontrol. Should any Lender obtainsobtain possession or control of any such Collateral, itsuch Lender shall notify Agent thereofthereof, and, promptly upon Agent’s request,request therefor shall deliver possession or control of such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructionsinstructions.

Possession of CollateralAgency for Perfection. Agent and Secured Parties appointhereby appoints each other Lender (and each Bank Product Provider) as its agent (and each Lender as agent (for the benefit of Secured Parties)hereby accepts (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of perfecting Agent's Liens in any Collateral heldassets which, in accordance with Article 8 or controlled by such Lender, to[Article 9], as applicable, of the extent such Liens areCode can be perfected by possession or control Ifcontrol. Should any Lender obtainsobtain possession or control of any such Collateral, itsuch Lender shall notify Agent thereofthereof, and, promptly upon Agent’Agent's request,request therefor shall deliver possession or control of such Collateral to Agent or otherwise deal with it in accordance with Agent’Agent's instructionsinstructions.

Possession of CollateralAgency for Perfection. Agent and Secured Parties appointhereby appoints each other Lender (and each Bank Product Provider) as its agent (and each Lender as agent (for the benefit of Secured Parties)hereby accepts (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of perfecting Agent’s Liens in any Collateral heldassets which, in accordance with Article 8 or controlled by such Lender, toArticle 9, as applicable, of the extent such Liens areCode can be perfected by possession or control Ifcontrol. Should any Lender obtainsobtain possession or control of any such Collateral, itsuch Lender shall notify Agent thereofthereof, and, promptly upon Agent’Agent’s request,request therefor shall deliver possession or control of such Collateral to Agent or otherwise deal with it in accordance with Agent’Agent’s instructionsinstructions.

Possession of CollateralAgency for Perfection. Agent and Secured Parties appointhereby appoints each other Lender (and each Bank Product Provider) as its agent (and each Lender as agent (for the benefit of Secured Parties)hereby accepts (and by its entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of perfecting the Agent’s Liens in any Collateral heldassets which, in accordance with Article 8 or controlled by such Lender, toArticle 9, as applicable, of the extent such Liens areUniform Commercial Code can be perfected only by possession or control Ifcontrol. Should any Lender obtainsobtain possession or control of any such Collateral, itsuch Lender shall notify Agent thereofthereof, and, promptly upon Agent’s request,request therefor shall deliver possession or control of such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructionsinstructions.

Possession of Collateral Agent and Secured Parties appointSECTION # Appointment for Perfection. Each Lender hereby appoints each other Lender as its agent (for the benefit of Secured Parties) for the purpose of perfecting LiensLiens, for the benefit of [[Administrative Agent:Organization]] and the Secured Parties, in assets which, in accordance with Article 9 of the UCC or any Collateral held or controlled by such Lender, to the extent such Liens areother applicable law can be perfected only by possession or control Ifcontrol. Should any Lender obtains(other than [[Administrative Agent:Organization]]) obtain possession or control of any such Collateral, itsuch Lender shall notify Agent thereof[[Administrative Agent:Organization]] thereof, and, promptly upon Agent’[[Administrative Agent:Organization]]s request,request therefor shall deliver such Collateral to Agent[[Administrative Agent:Organization]] or otherwise deal with itsuch Collateral in accordance with Agent’[[Administrative Agent:Organization]]s instructionsinstructions.

Possession of Collateral Agent and Secured Parties appointSECTION #Appointment for Perfection. Each Lender hereby appoints each other Lender as its agent (for the benefit of Secured Parties) for the purpose of perfecting LiensLiens, for the benefit of the Administrative Agent and the other Secured Parties, in assets which, in accordance with Article 9 of the UCC or any Collateral held or controlled by such Lender, to the extent such Liens areother applicable law can be perfected only by possession or control Ifcontrol. Should any Lender obtains(other than the Administrative Agent) obtain possession or control of any such Collateral, itsuch Lender shall notify the Administrative Agent thereofthereof, and, promptly upon the Administrative Agent’s request,request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with itsuch Collateral in accordance with the Administrative Agent’s instructionsinstructions.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.