Bailee waiver
Gratuitous Bailee for Perfection. (a) The First Lien Collateral Agent agrees to hold that part of the Collateral that is in its possession or control (or in the possession or control of its agents or bailees) to the extent that possession or control thereof is taken to perfect a Lien thereon under the UCC (such Collateral being the “Pledged Collateral”) as collateral agent for the First ...4. Responsibility of the bailee: This section explains the bailee's responsibilities to provide secure storage, maintain the property in good condition, and protect it from loss or damage. 5. Liability and insurance: The waiver and release clause defines the limits of the bailee's liability for loss, damage, or theft of the stored property.Bailees’ Waivers. Borrowers shall have delivered a Bailee’s Waiver, in form and substance satisfactory to Agent, for each location where a Credit Party maintains any Inventory with a bailee, in form a...
Did you know?
bailee. A bailee is a person who receives property from the owner, known as a bailor, and holds the property for the owner for a particular purpose such as custody or repair. Some examples of this include storage companies that hold people's belongings, a dry cleaner holding someone's clothing, and a mechanic holding someone's car for repair.Bailees’ Waivers. Borrowers shall have delivered a Bailee’s Waiver, in form and substance satisfactory to Agent, for each location where a Credit Party maintains any Inventory with a bailee, in form a...Bailee when not liable for loss, etc., of thing bailed. 153. Termination of bailment by bailee’s act inconsistent with conditions. 154. Liability of bailee making unauthorized use of goods bailed. 155. Effect of mixture, with bailor’s consent, of his goods with bailee’s. 156. Effect of mixture, without bailor’s consent, when the goods can be separated. 157. Effect of …
Rather than worrying about what “by” or “name” might mean, this contract type asks for a “signature” by using the word. Also, we use “the” here instead of “its.”. This is perhaps the least common variation of “title,” but it can occur. Typically, someone will be prompted if they see this and is unsure what it means. Landlord Waivers; Bailee Waivers In the event that Borrower or any of its Subsidiaries, after the Effective Date, intends to add any new offices or business locations, including warehouses, or otherwise store any portion of the Collateral with, or deliver any portion of the Collateral to, a bailee, in each case pursuant to Section 7.2, then ...Landlord Waiver; Lien Waivers; CONSENTS, AMENDMENTS, WAIVERS, ETC; Landlord's Waiver; Subordination to Mortgages; Estoppel Certificate; Non-Waivers; Amendment; …Landlord Waivers; Bailee Waivers In the event that Borrower or any of its Subsidiaries, after the Effective Date, intends to add any new offices or business locations, including warehouses, or otherwise store any portion of the Collateral with, or deliver any portion of the Collateral to, a bailee, in each case pursuant to Section 7.2, then ...
Define Collateral Access Agreement. means a landlord waiver, bailee letter, or acknowledgement agreement of any lessor, warehouseman, processor, consignee, or other Person in possession of, having a Lien upon, or having rights or interests in any Loan Party’s or its Subsidiaries’ books and records, Equipment, or Inventory, in each case, in form and substance reasonably satisfactory to Agent. Mar 31, 2011 · “Collateral Access Agreement” means any of (i) a landlord agreement and waiver, substantially in the form attached hereto as Exhibit I-1, (ii) a bailee waiver, substantially in the form attached hereto as Exhibit I-2, or (iii) a warehouseman agreement, substantially in the form attached hereto as Exhibit I-3, or any such other form as shall ... Bailee’s Waiver. definition. Bailee’s Waiver means a bailee’s waiver, in form and substance satisfactory to Agent, delivered by a Company in connection with this Agreement, as such waiver may from time to time be amended, restated or otherwise modified. ….
Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. Bailee waiver. Possible cause: Not clear bailee waiver.
First Lien Temporary Waivers. Except to the extent superseded by the First Lien Facility Standstill, all of the waivers and agreements shall be effective under the First Lien Temporary Waivers, and al...Landlord Waivers and Lease. Assignments for each of the Borrower's or any Subsidiary's leased facilities;
Sample 1. Bailee Waivers. Within 60 days after the Effective Date, each Loan Party, as applicable, shall use commercially reasonable efforts to obtain a bailee waiver from the bailee with respect to any warehouse, processor or converter facility or other location where Collateral is stored or located, which agreement or letter shall provide ... Sample 1. UCC Waivers. To the full extent permitted by applicable law, Venturi hereby waives any and all rights and remedies conferred upon a lessee by sections 2A-508 through 2A-522 of the Uniform Commercial Code as enacted in the State of Utah ("UCC") including, but not limited to, Ventura's rights to: (i) cancel or repudiate this Master ...A bailee is responsible for the safekeeping and return of the property to the bailor or otherwise disposing it off according to the contract of bailment. A bailor is a person who transfers possession of property or goods to the custody of another (bailee), usually under a contract of bailment.
osrs bird egg WaiversWaivers. Tenant waives [i] any notice required by statute or ----- other law as a condition to bringing an action for possession of, or eviction from, any of the Leased Property, [ii] any rig... brent bassmongoose aluminum bike Bailee Waiver . Category: Releases - Waiver and Release - Personal Property. State: Multi-State. Control #: US-01594BG. Format: Word; Rich Text. Instant download. Buy now. Description Bailee Form. A bailee is a person who receives possession of a property or goods through a contract of bailment. Unlike a contract of sale, the bailee has to return … washington state baseball stats Landlord Agreements Each Loan Party shall use commercially reasonable efforts to obtain a Collateral Access Agreement, from the lessor of each leased property, bailee in possession of any Collateral or mortgagee of any owned property with respect to each location where any Collateral having a value in excess of $500,000 is stored or located ... saber tooth cat fossilshasta county sheriff's office facebookwho does kansas state play next ٣٠/٠٨/٢٠٢٣ ... Quarterbacks Bailey Zappe and Malik Cunningham both cleared waivers Wednesday and are re-signing with the Patriots on the practice squad.A waiver of subrogation is a contractual provision whereby an insured waives the right of their insurance carrier to seek redress or seek compensation for losses from a negligent third party. Many construction contracts and leases include a waiver of subrogation clause. wmtw news 8 Define Bailee Waiver. means a Bailee Waiver in substantially the form of Exhibit I-1 attached hereto. grain size of siltstonepsa jakl 16complex eigenvalues general solution Sample 1. Landlord and Bailee Waivers. Borrower shall obtain (i) a landlord waiver in form satisfactory to Bank, duly executed by the landlord at each location at which Borrower leases real property that maintains Eligible Inventory, and (ii) a bailee waiver or other similar agreement, in form satisfactory to Bank, duly executed by any Person ...Waiver of Related Tenant Limit. Regency covenants to use reasonable best efforts to obtain the waiver by its Board of Directors, as promptly as practical after the date hereof, of the Related Tenant ...