Third Party Custody. In the event that any Collateral is in the possession of a third party, B▇▇▇▇▇▇▇ shall join with Lender in notifying such third party of L▇▇▇▇▇’s security interest and obtaining an acknowledgement from such third party that it is holding such Collateral for the benefit of Lender.
Appears in 3 contracts
Sources: Loan Agreement (Snail, Inc.), Loan Agreement (Snail, Inc.), Revolving Loan and Security Agreement (Snail, Inc.)
Third Party Custody. In the event that any Collateral is in the possession of a third party, B▇▇▇▇▇▇▇ Borrower shall join with Lender in notifying such third party of L▇▇▇▇▇Lender’s security interest and obtaining an acknowledgement from such third party that it is holding such Collateral for the benefit of Lender.
Appears in 3 contracts
Sources: Revolving Loan and Security Agreement, Revolving Loan and Security Agreement (Amphastar Pharmaceuticals, Inc.), Revolving Loan and Security Agreement (Amphastar Pharmaceuticals, Inc.)
Third Party Custody. In the event that Upon written request by ▇▇▇▇▇▇ with respect to any Collateral that is in the possession of a third party, B▇▇▇▇▇▇▇▇ shall join with Lender in notifying such third party of L▇▇▇▇▇▇’s security interest and obtaining an acknowledgement from such third party that it is holding such Collateral for the benefit of Lender, which acknowledgment shall be in form and substance satisfactory to Lender, in ▇▇▇▇▇▇’s Permitted Discretion.
Appears in 1 contract
Sources: Revolving Loan and Security Agreement (Berry Corp (Bry))
Third Party Custody. In the event that any Collateral is in the possession of of a third party, B▇▇▇▇▇▇▇ shall join with Lender L▇▇▇▇▇ in notifying such third party of L▇▇▇▇▇’s 's security interest interest and obtaining an acknowledgement from such third party that it is holding such Collateral Collateral for the benefit of Lender.Lender.
Appears in 1 contract
Sources: Revolving Loan and Security Agreement (Snail, Inc.)