COLLATERAL INSPECTIONS; MODIFICATIONS AND CHANGES IN COLLATERAL. At reasonable times, Bank may examine the Collateral and Debtor’s records pertaining to it, wherever located, and make copies of such records at Debtor’s expense; and Debtor shall assist Bank in so doing. Without Bank’s prior written consent, Debtor shall not alter, modify, discount, extend, renew or cancel any Collateral, except for ordinary discounts for prompt payment on accounts, physical modifications to the inventory occurring in the manufacturing process or alterations to equipment which do not materially affect its value. Debtor shall promptly notify Bank in writing of any material change in the condition of the Collateral and of any change in location of the Collateral.
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Samples: Business Security Agreement (Arts Way Manufacturing Co Inc), Loan Agreement and Note (Nutech Digital Inc), Revolving Credit Agreement (Itex Corp)
COLLATERAL INSPECTIONS; MODIFICATIONS AND CHANGES IN COLLATERAL. At reasonable times, the Bank may examine the Collateral and Debtor’s the Debtor s records pertaining to it, wherever located, and make copies of such records at Debtor’s the Debtor s expense; and the Debtor shall assist the Bank in so doing. Without Bank’s the Bank s prior written consent, the Debtor shall not alter, modify, discount, extend, renew or cancel any Collateral, except for ordinary discounts for prompt payment on accounts, physical modifications to the inventory occurring in the manufacturing process or alterations to equipment which do not materially affect its value. The Debtor shall promptly notify the Bank in writing of any material change in the condition of the Collateral and of any change in location of the Collateral.
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Samples: Term Note (Oakridge Holdings Inc)
COLLATERAL INSPECTIONS; MODIFICATIONS AND CHANGES IN COLLATERAL. At reasonable times, Bank may examine the Collateral and Debtor’s 's records pertaining to it, wherever located, and make copies of such records at of Debtor’s 's expense; and Debtor shall assist Bank in so doing. Without Bank’s 's prior written consent, Debtor shall not alter, modify, discount, extend, renew or cancel any Collateral, except for ordinary discounts for prompt payment on accounts, physical modifications to the inventory occurring in the manufacturing process or alterations to equipment which do not materially affect its value. Debtor shall promptly notify Bank in writing of any material change in the condition of the Collateral and of any change in location of the Collateral.
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