Location and Maintenance of Equipment. (i) Borrower’s equipment (the “Equipment”) shall at all times be in Borrower’s physical possession or other location(s) acceptable to Lender and shall not be held for sale or lease.
Appears in 3 contracts
Samples: Loan and Security Agreement (Truett-Hurst, Inc.), Loan and Security Agreement (Truett-Hurst, Inc.), Loan and Security Agreement (Point.360)
Location and Maintenance of Equipment. (i) Borrower’s equipment (the “Equipment”) The Equipment shall at all times be in the Borrower’s physical possession or other location(s) acceptable to Lender and possession, shall not be held for sale or lease.
Appears in 3 contracts
Samples: Credit Agreement (Guidance Software, Inc.), Credit Agreement (Alphatec Holdings, Inc.), Credit Agreement (Alphatec Holdings, Inc.)
Location and Maintenance of Equipment. (i) Borrower’s 's equipment (the “"Equipment”") shall at all times be in Borrower’s 's physical possession or other location(s) acceptable to Lender and shall not be held for sale or lease.
Appears in 2 contracts
Samples: Loan and Security Agreement (Truett-Hurst, Inc.), Loan and Security Agreement (Truett-Hurst, Inc.)
Location and Maintenance of Equipment. (i) Borrower’s equipment (the “Equipment”) shall at all times be in Borrower’s physical possession or other location(s) acceptable to Lender and shall not be held for sale or lease.
Appears in 1 contract
Samples: Loan and Security Agreement (Guidance Software, Inc.)
Location and Maintenance of Equipment. (i) Borrower’s equipment (the “Equipment”) Any Equipment of material value shall at all times be in the Borrower’s physical possession or other location(s) acceptable to Lender and possession, shall not be held for sale or lease. The Borrower shall not secrete, abandon or remove, or permit the removal of, the Equipment, or any part thereof, from the Borrower’s physical possession or remove or permit to be removed any accessories now or hereafter placed upon the Equipment.
Appears in 1 contract
