Covenants of Maker. For so long as any Obligations remain outstanding: a. Maker shall not sell, assign or transfer any of the Collateral, or any part thereof or interest therein except in the ordinary course of its business; b. Maker shall pay or cause to be paid promptly when due all taxes and assessments on the Collateral.
Appears in 3 contracts
Samples: Diamond Purchase Agreement (Precious Investments, Inc.), Promissory Note and Security Agreement (Galaxy Gaming, Inc.), Promissory Note and Security Agreement (Galaxy Gaming, Inc.)
Covenants of Maker. For so long as any Obligations remain outstanding:
a. , Maker shall not sell, assign or transfer any of the Collateral, or any part thereof or interest therein except in the ordinary course of its business;
b. therein. Further, Maker shall pay or payor cause to be paid promptly when due all taxes and assessments on the Collateral.
Appears in 1 contract
Samples: Promissory Note and Security Agreement (Regenicin, Inc.)
Covenants of Maker. For so long as any Obligations remain outstanding:
a. : Maker shall not sell, assign or transfer any of the Collateral, or any part thereof or interest therein except in the ordinary course of its business;
b. therein; Maker shall pay or cause to be paid promptly when due all taxes and assessments on the Collateral; and Maker shall keep Holder apprised, in writing, as to the current location of all of the Collateral, providing Holder with current information including any identifying serial numbers with respect to the Collateral so the Holder may perfect and maintain the priority of its security interest therein.
Appears in 1 contract
Samples: Convertible Promissory Note (Southern Products, Inc.)
