Condition of Collateral; No Liens. Borrower shall maintain all Collateral in good condition and repair at all times, and preserve it against any loss, damage, or destruction of any nature whatsoever relating to said Collateral or its use, and keep said Collateral free and clear of any Liens, except for the Permitted Encumbrances.
Appears in 7 contracts
Samples: Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Emagin Corp)
Condition of Collateral; No Liens. Borrower shall maintain all Collateral in good condition and repair at all times, and preserve it against any loss, damage, or destruction of any nature whatsoever relating to said Collateral or its use, and keep said Collateral free and clear of any Liens, except for the Permitted Encumbrances, and shall not permit Collateral to become a fixture to real estate or accessions to other personal property.
Appears in 5 contracts
Samples: Loan and Security Agreement (Mint Leasing Inc), Loan and Security Agreement (XZERES Corp.), Loan and Security Agreement (Valence Technology Inc)
Condition of Collateral; No Liens. Borrower shall maintain all Collateral in good condition and repair at all times, and preserve it against any loss, damage, or destruction of any nature whatsoever relating to said Collateral or its use, and keep said Collateral free and clear of any Liensliens and encumbrances whatsoever, except for the Permitted Encumbrancesthose liens and encumbrances created pursuant hereto or disclosed herein.
Appears in 3 contracts
Samples: Loan Security and Service Agreement (Auto Underwriters of America, Inc.), Security and Service Agreement (Easy Money Holding Corp), Loan, Security and Service Agreement (Thatlook Com Inc/Nv)
Condition of Collateral; No Liens. Borrower shall maintain all Collateral in good condition and repair at all times, and preserve it against any loss, damage, or destruction of any nature whatsoever relating to said Collateral or its usewhatsoever, and keep said Collateral free and clear of any Liens, except for the Permitted Encumbrances, and shall not permit Collateral to become a fixture to real estate or accessions to other personal property.
Appears in 2 contracts
Samples: Loan and Security Agreement (Greenwood Hall, Inc.), Loan and Security Agreement (Greenwood Hall, Inc.)
Condition of Collateral; No Liens. Borrower shall maintain all Collateral in good condition and repair at all times, and preserve it against any loss, damage, or destruction of any nature whatsoever relating to said Collateral or its use, and keep said Collateral free and clear of any Liens, except for the Permitted Encumbrances.
Appears in 1 contract
Samples: Loan and Security Agreement (Intek Diversified Corp)
Condition of Collateral; No Liens. Borrower shall maintain all ---------------------------------- Collateral in good condition and repair at all times, and preserve it against any loss, damage, or destruction of any nature whatsoever relating to said Collateral or its use, and keep said Collateral free and clear of any Liensliens and encumbrances whatsoever, except for the Permitted Encumbrancesthose liens and encumbrances created pursuant hereto or disclosed herein.
Appears in 1 contract
Samples: Loan, Security and Service Agreement (TFC Enterprises Inc)
Condition of Collateral; No Liens. Borrower shall maintain all Collateral in good condition and repair at all times, normal wear and tear excepted, and preserve it against any loss, damage, or destruction of any nature whatsoever relating to said Collateral or its use, and keep said Collateral free and clear of any Liens, except for the Permitted EncumbrancesLiens permitted hereunder.
Appears in 1 contract
Condition of Collateral; No Liens. Maintain or cause to be maintained the Borrower shall maintain Collateral and all Collateral its other assets and properties in good condition and repair at all times, preserve the Borrower Collateral and preserve it against any all its other assets and properties from loss, damage, or destruction of any nature whatsoever relating to said Collateral or its usewhatsoever, and keep said the Borrower Collateral and all its other assets and properties free and clear of any LiensEncumbrance, except for the Permitted EncumbrancesEncumbrances including any identified on Schedule 5.16.
Appears in 1 contract
Condition of Collateral; No Liens. Borrower shall maintain all Collateral in good condition and repair at all timestimes (normal wear and tear excepted), and preserve it against any loss, damage, or destruction of any nature whatsoever relating to said Collateral or its usewhatsoever, and keep said Collateral free and clear of any Liens, except for the Permitted Encumbrances, and shall not permit Collateral to become a fixture to real estate or accessions to other personal property.
Appears in 1 contract
