Common use of Equipment Covenants Clause in Contracts

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower shall, at its expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);

Appears in 18 contracts

Samples: Loan and Security Agreement (Navarre Corp /Mn/), Loan Agreement (G G S Plastic Engineering Inc), Loan and Security Agreement (Microtel International Inc)

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Equipment Covenants. With respect to the Equipment: (a) upon LenderBank's request, Borrower shall, at its expense, at any time or times as Lender Bank may request on or after an Event of Default, deliver or cause to be delivered to Lender Bank written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender Bank and by an appraiser acceptable to LenderBank; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);

Appears in 2 contracts

Samples: Revolving Credit Loan and Security Agreement (Hallwood Group Inc), Revolving Credit Loan and Security Agreement (Hallwood Group Inc)

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower shall, at its expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted)addressed to Lender or upon which Lender is expressly permitted to rely;

Appears in 1 contract

Samples: Loan and Security Agreement (Fairwood Corp)

Equipment Covenants. With respect to the Equipment: : (a) upon Lender's request, Borrower Borrowers shall, at its their expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);

Appears in 1 contract

Samples: Loan and Security Agreement (Deckers Outdoor Corp)

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower shall, at its their expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower Borrowers shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);; (c) Borrowers shall use the Equipment with all

Appears in 1 contract

Samples: Loan and Security Agreement (Nutritional Sourcing Corp)

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower shall, at its expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running addressed to Lender and marketable condition (ordinary wear and tear excepted)upon which Lender is expressly permitted to rely;

Appears in 1 contract

Samples: Loan and Security Agreement (Zila Inc)

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower shall, at its expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);the

Appears in 1 contract

Samples: Loan and Security Agreement (Digital Lightwave Inc)

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower shall, at its expense, at any time or times as Lender may reasonably request on or after an Event of Defaultwith respect to Equipment, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);appraiser

Appears in 1 contract

Samples: Loan and Security Agreement (Centennial Technologies Inc)

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower Representative shall, at its expense, at any time or times as Lender may request on or after an Event of DefaultDefault has occurred and is continuing, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology reasonably acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);

Appears in 1 contract

Samples: Loan and Security Agreement (Sport Supply Group Inc)

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower Borrowers shall, at its their expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);acceptable

Appears in 1 contract

Samples: Loan and Security Agreement (United Grocers Inc /Or/)

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Equipment Covenants. With respect to the Equipment: (a) upon LenderBank's request, Borrower shall, at its expense, at any time or times as Lender Bank may request on or after an Event of Default, deliver or cause to be delivered to Lender Bank written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender Bank and by an appraiser acceptable to LenderBank; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);

Appears in 1 contract

Samples: General Security Agreement (Elite Information Group Inc)

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower shall, at its expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);

Appears in 1 contract

Samples: Loan and Security Agreement (Diplomat Corp)

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower shall, at its expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender (which shall include a determination of the Orderly Liquidation value of such Equipment) and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);

Appears in 1 contract

Samples: Loan and Security Agreement (Go Video Inc)

Equipment Covenants. With respect to the Equipment: : (a) upon Lender's request, Borrower shall, at its expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);

Appears in 1 contract

Samples: Loan and Security Agreement (Champion Parts Inc)

Equipment Covenants. With respect to the Equipment: (a) upon Lender's request, Borrower shall, at its expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted);

Appears in 1 contract

Samples: Loan and Security Agreement (Gottschalks Inc)

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