Common use of Possession of the Collateral Clause in Contracts

Possession of the Collateral. The Debtor acknowledges that the Secured Party or any Receiver appointed by it may take possession of the Collateral wherever it may be located and by any method permitted by law and the Debtor agrees upon request from the Secured Party or any such Receiver to assemble and deliver possession of the Collateral at such place or places as directed.

Appears in 2 contracts

Sources: General Security Agreement (Global Entertainment Holdings, Inc.), General Security Agreement (Global Entertainment Holdings, Inc.)

Possession of the Collateral. The Debtor acknowledges that the Secured Party or any Receiver appointed by it him may take possession of the Collateral wherever it may be located and by any method permitted by law and the Debtor agrees upon request from the Secured Party or any such Receiver to assemble and deliver possession of the Collateral at such place or places as directed.

Appears in 1 contract

Sources: General Security Agreement (Astris Energi Inc)