Common use of Bailee Acknowledgments Clause in Contracts

Bailee Acknowledgments. As soon as practicable after the date hereof (but in any event within thirty (30) days after the Closing Date), the Credit Parties shall deliver to St. Cloud an acknowledgement in substantially the form attached hereto as Schedule 7.17, from each bailee or warehouseman identified on Schedule II to the Pledge and Security Agreement.

Appears in 4 contracts

Sources: Securities Purchase Agreement (Prolong International Corp), Securities Purchase Agreement (St Cloud Capital Partners Lp), Securities Purchase Agreement (Prolong International Corp)