Warehouse Receipts. Each Grantor agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its Inventory, such warehouse receipt or receipt in the nature thereof shall not be “negotiable” (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant Law).
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Sources: Security Agreement (Great Atlantic & Pacific Tea Co Inc), Security Agreement (Great Atlantic & Pacific Tea Co Inc)
Warehouse Receipts. Each The Grantor agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt or other document is issued with respect to any of its Inventory, such warehouse receipt or receipt in the nature thereof or other document shall not be “"negotiable” " (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant Law)law) or, if "negotiable", shall be delivered promptly to the Collateral Agent as Collateral hereunder.
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