Common use of Notation on Chattel Paper Clause in Contracts

Notation on Chattel Paper. For purposes of the security interest granted pursuant to this Agreement, Lender has been granted a direct security interest in all Chattel Paper constituting part of the Collateral and such Chattel Paper is not claimed merely as Proceeds of Inventory. Upon Lender’s request, Grantor will deliver to Lender the original of all Chattel Paper. Grantor will not execute any copies of such Chattel Paper constituting part of the Collateral other than those which are clearly marked as a copy. Lender may stamp any such Chattel Paper with a legend reflecting Lender’s security interest therein.

Appears in 7 contracts

Sources: Note Purchase Agreement (Steelcloud Inc), Security Agreement (Compex Technologies Inc), Security Agreement (Rubber Research Elastomerics Inc)

Notation on Chattel Paper. For purposes of the security interest granted pursuant to this Agreement, the Lender has been granted a direct security interest in all Chattel Paper constituting part of the Collateral and such Chattel Paper is not claimed merely as Proceeds of Inventory. Upon the Lender’s request, Grantor the Debtor will deliver to the Lender the original of all Chattel Paper. Grantor The Debtor will not execute any copies of such Chattel Paper constituting part of the Collateral other than those which are clearly marked as a copy. The Lender may stamp any such Chattel Paper with a legend reflecting the Lender’s security interest therein.

Appears in 1 contract

Sources: Security Agreement (Safenet Inc)

Notation on Chattel Paper. For purposes of the security interest granted pursuant to this Agreement, Lender has been granted a direct security interest in all Chattel Paper constituting part of the Collateral and such Chattel Paper is not claimed merely as Proceeds of Inventory. Upon Lender’s 's request, Grantor will deliver to Lender the original of all Chattel Paper. Grantor will not execute any copies of such Chattel Paper constituting part of the Collateral other than those which are clearly marked as a copy. Lender may stamp any such Chattel Paper with a legend reflecting Lender’s 's security interest therein.

Appears in 1 contract

Sources: Security Agreement (Rehabilicare Inc)

Notation on Chattel Paper. For purposes of the security interest granted pursuant to this Agreement, Lender has been granted a direct security interest in all Chattel Paper constituting part of the Collateral and such Chattel Paper is not claimed merely as Proceeds of Inventory. Upon Lender▇▇▇▇▇▇’s request, Grantor will deliver to Lender the original of all Chattel Paper. No Grantor will not execute any copies of such Chattel Paper constituting part of the Collateral other than those which are clearly marked as a copy. Lender may stamp any such Chattel Paper with a legend reflecting Lender▇▇▇▇▇▇’s security interest therein.

Appears in 1 contract

Sources: Security Agreement (Air T Inc)