Certain Agents. Any third person at any time and from time to time holding all or any portion of the Collateral is deemed to, and shall, hold the Collateral as the agent of, and as pledge holder for, the Secured Party. At any time and from time to time, the Secured Party may give notice to any third person holding all or any portion of the Collateral that such third person is holding the Collateral as the agent of, and as pledge holder for, the Secured Party.
Appears in 2 contracts
Sources: Security Agreement (Insite Vision Inc), Security Agreement (Insite Vision Inc)
Certain Agents. Any third person at any time and from time to time holding all or any portion of the Collateral is shall be deemed to, and shall, hold the Collateral as the agent of, and as pledge holder for, the Secured PartyAgent. At any time and from time to time, the Secured Party Agent may give notice to any third person holding all or any portion of the Collateral that such third person is holding the Collateral as the agent of, and as pledge holder for, the Secured PartyAgent.
Appears in 2 contracts
Sources: Credit Agreement (Read Rite Corp /De/), Credit Agreement (California Microwave Inc)