Common use of Equipment and Real Property Covenants Clause in Contracts

Equipment and Real Property Covenants. With respect to the Equipment and Real Property: (a) The Loan Parties shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted); (b) the Loan Parties shall use the Equipment and Real Property with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with all applicable laws; (c) the Equipment is and shall be used in the business of Loan Parties and not for personal, family, household or farming use; (d) the Loan Parties shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or maintained in the ordinary course of its business or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of such Loan Party in the ordinary course of business; (e) the Equipment is now and shall remain personal property and Loan Parties shall not permit any of the Equipment to be or become a part of or affixed to real property; and (f) each Loan Party assumes all responsibility and liability arising from the use of the Equipment and Real Property.

Appears in 2 contracts

Samples: Loan and Security Agreement (ADS Tactical, Inc.), Loan and Security Agreement (ADS Tactical, Inc.)

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Equipment and Real Property Covenants. With respect to the Equipment and Real Property: (a) The Loan Parties shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted); (b) the Loan Parties shall use the Equipment and Real Property with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with all applicable laws; (c) the Equipment is and shall be used in the business of Loan Parties and not for personal, family, household or farming use; (d) the Loan Parties shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or maintained in the ordinary course of its business or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of such Loan Party in the ordinary course of business; (e) the Equipment is now and shall remain personal property and Loan Parties shall not permit any of the Equipment to be or become a part of or affixed to real property; and (f) each Loan Party assumes all responsibility and liability arising from the use of the Equipment and Real Property.

Appears in 2 contracts

Samples: Loan and Security Agreement (ADS Tactical, Inc.), Loan and Security Agreement (ADS Tactical, Inc.)

Equipment and Real Property Covenants. With respect to the Equipment and Real Property: (a) The Loan Parties Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted); (b) the Loan Parties Borrower shall use the Equipment and Real Property with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with all applicable lawslaws except where the failure to do so would not be reasonably likely to have a Material Adverse Effect; (c) the Equipment is and shall be used in the Borrower's business of Loan Parties and not for personal, family, household or farming use; (d) the Loan Parties Borrower shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or maintained in the ordinary course of its the business of Borrower or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of such Loan Party Borrower in the ordinary course of business; and (e) the Equipment is now and shall remain personal property and Loan Parties Borrower shall not permit any of the Equipment to be or become a part of or affixed to real property; and (f) each Loan Party assumes all responsibility and liability arising from the use of the Equipment and Real Property.

Appears in 2 contracts

Samples: Loan and Security Agreement (American Biltrite Inc), Loan and Security Agreement (Congoleum Corp)

Equipment and Real Property Covenants. With respect to the Equipment and Real Property: (a) The Loan Parties Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted); (b) the Loan Parties Borrower shall use the Equipment and Real Property with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with all applicable laws; (c) the Equipment is and shall be used in the Borrower's business of Loan Parties and not for personal, family, household or farming use; (d) the Loan Parties Borrower shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or maintained in the ordinary course of its the business of Borrower or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of such Loan Party Borrower in the ordinary course of business; (e) the Equipment is now and shall remain personal property and Loan Parties Borrower shall not permit any of the Equipment to be or become a part of or affixed to real property; and (f) each Loan Party Borrower assumes all responsibility and liability arising from the use of the Equipment and Real Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Hirsch International Corp)

Equipment and Real Property Covenants. With respect to the Equipment and Real Property: (a) The the Loan Parties shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted); (b) the Loan Parties shall use the Equipment and Real Property with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with all applicable laws; (c) the Equipment is and shall be used in the business of Loan Parties and not for personal, family, household or farming use; (d) the Loan Parties shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or maintained in the ordinary course of its business or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of such Loan Party in the ordinary course of business; (e) the Equipment is now and shall remain personal property and the Loan Parties shall not permit any of the Equipment to be or become a part of or affixed to real propertyReal Property; and (f) each Loan Party assumes all responsibility and liability arising from the use of the Equipment and Real Property.

Appears in 1 contract

Samples: Loan and Security Agreement (ADS Tactical, Inc.)

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Equipment and Real Property Covenants. With respect to the Equipment and Real Property: (a) The Loan Parties shall keep the Equipment in good order, repair, running Borrowers and marketable condition (ordinary wear and tear excepted); (b) the Loan Credit Parties shall use the Equipment and Real Property with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with all applicable laws; (cb) the Equipment is and shall be used in the business of Loan Borrowers and Credit Parties and not for personal, family, household or farming use; (de) the Loan Borrowers and Credit Parties shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or maintained in the ordinary course of its business or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of such Loan Borrower or any Credit Party in the ordinary course of business; (ef) the Equipment is now and shall remain personal property and Loan Borrowers and Credit Parties shall not permit any of the Equipment to be or become a part of or affixed to real property; and (fg) each Loan Borrower and each Credit Party assumes all responsibility and liability arising from the use of the Equipment and Real Property.

Appears in 1 contract

Samples: Credit Agreement (Coffeyville Resources, Inc.)

Equipment and Real Property Covenants. With respect to the Equipment and Real Property: (a) The Loan Parties Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted); (b) the Loan Parties Borrower shall use the Equipment and Real Property with all reasonable care and caution and in accordance with applicable standards of any insurance and in material conformity with all applicable laws; (c) the Equipment is and shall be used in the business of Loan Parties Borrower and not for personal, family, household or farming use; (d) the Loan Parties Borrower shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or maintained in the ordinary course of its business or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of such Loan Party Borrower in the ordinary course of business; (e) the Equipment is now and shall remain personal property and Loan Parties Borrower shall not permit any of the Equipment to be or become a part of or affixed to real property; and (f) each Loan Party Borrower assumes all responsibility and liability arising from the use of the Equipment and Real Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Pacific Ethanol, Inc.)

Equipment and Real Property Covenants. With respect to the Equipment and Real Property: (a) The Loan Parties Borrowers shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted); (b) the Loan Parties Borrowers shall use the Equipment and Real Property with all reasonable care and caution and in accordance with applicable standards of any insurance and in material conformity with all applicable laws; (c) the Equipment is and shall be used in the business of Loan Parties Borrowers and not for personal, family, household or farming use; (d) the Loan Parties Borrowers shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or maintained in the ordinary course of its business or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of such Loan Party a Borrower in the ordinary course of business; (e) the Equipment is now and shall remain personal property and Loan Parties Borrowers shall not permit any of the Equipment to be or become a part of or affixed to real property; and (f) each Loan Party Borrower assumes all responsibility and liability arising from the use of the Equipment and Real Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Pacific Ethanol, Inc.)

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