Common use of Applicant’s Covenants Clause in Contracts

Applicant’s Covenants. Applicant shall (i) provide Lender with at least fifteen (15) days prior notice of any changes in Applicant's legal name, state of formation, incorporation, principal place of business or residence; (ii) not misuse or abuse the Collateral or allow it to deteriorate; (iii) keep the Collateral fully insured against any and all risks of loss whatsoever: (iv) not change its form of organization nor combine or merge with any other entity without first obtaining Lender's prior written consent; (v) except with respect to sales to Applicant's customers in the ordinary course of business, sell, transfer or encumber the Collateral in any manner whatsoever; or (vi) cause the Collateral to be maintained at any location other than the Applicant's "Address" as set forth in the Agreement (as may be changed from time to time by Applicant on prior notice to Lender) except with respect to sales to Applicant's customers in the ordinary course of business. Initials: Date:

Applicant’s Covenants. Applicant shall (i) provide Lender St. Xxx Petroleum with at least fifteen (15) days prior notice of any changes in Applicant's legal name, state of formation, incorporation, ownership principal place of business or residence; (ii) not misuse or abuse the Collateral or allow it to deteriorate; (iii) keep the Collateral fully insured against any and all risks of loss whatsoever: (iv) not change its form of organization nor combine or merge with any other entity without first obtaining LenderSt. Xxx Petroleum's prior written consent; (v) except with respect to sales to Applicant's customers in the ordinary course of business, sell, transfer or encumber the Collateral in any manner whatsoever; or (vi) cause the Collateral to be maintained at any location other than the Applicant's "Address" as set forth in the Agreement Credit Application (as may be changed from time to time by Applicant on prior notice to LenderSt. Xxx Petroleum) except with respect to sales to Applicant's customers in the ordinary course of business. Initials: Date:.

Applicant’s Covenants. Applicant shall (i) provide Lender Consumer Oil & Propane with at least fifteen (15) days prior notice of any changes in Applicant's legal name, state of formation, incorporation, ownership principal place of business or residence; (ii) not misuse or abuse the Collateral or allow it to deteriorate; (iii) keep the Collateral fully insured against any and all risks of loss whatsoever: (iv) not change its form of organization nor combine or merge with any other entity without first obtaining LenderConsumer Oil & Propane's prior written consent; (v) except with respect to sales to Applicant's customers in the ordinary course of business, sell, transfer or encumber the Collateral in any manner whatsoever; or (vi) cause the Collateral to be maintained at any location other than the Applicant's "Address" as set forth in the Agreement Credit Application (as may be changed from time to time by Applicant on prior notice to LenderConsumer Oil & Propane) except with respect to sales to Applicant's customers in the ordinary course of business. Initials: Date:.