Common use of Condition of Collateral Clause in Contracts

Condition of Collateral. Each Grantor will maintain (i) its Equipment in good condition, ordinary wear and tear excepted, (ii) its finished goods Inventory in saleable condition, and (iii) all other tangible items of its Collateral, taken as an entirety, in such condition as is consistent with generally accepted business practices, ordinary wear and tear excepted.

Condition of Collateral. Each Grantor will maintain (ia) its Equipment in good condition, ordinary wear and tear exceptedexcepted (excluding obsolete, (iiexcess or abandoned Equipment) its finished goods Inventory in saleable condition, and (iiib) all other tangible items of its Collateral, taken as an entirety, in such condition as is consistent with generally accepted business practices, ordinary wear and tear excepted.

Condition of Collateral. Each Grantor will maintain (ia) its Equipment in good condition, ordinary wear and tear excepted, (ii) its finished goods Inventory in saleable condition, excepted and (iiib) all other tangible items of its Collateral, taken as an entirety, in such condition as is consistent with generally accepted business practices, ordinary wear and tear excepted.

Condition of Collateral. Each The Grantor will maintain (ia) its Equipment in good condition, ordinary wear and tear exceptedexcepted (excluding obsolete, (iiexcess or abandoned Equipment) its finished goods Inventory in saleable condition, and (iiib) all other tangible items of its Collateral, taken as an entirety, in such condition as is consistent with generally accepted business practices, ordinary wear and tear excepted.