Common use of Location and Possession of Collateral Clause in Contracts

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to Lender. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender for perfection of its security interest therein) and so long as no Event of Default has occurred, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement.

Appears in 6 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Singulex Inc), Venture Loan and Security Agreement (Tengion Inc)

AutoNDA by SimpleDocs

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to LenderSchedule. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender for perfection of its security interest therein) and so long as no Event of Default has occurred, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement.

Appears in 6 contracts

Samples: Venture Loan and Security Agreement (Cereplast Inc), Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to LenderSchedule. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Collateral Agent or Lender for perfection of its the security interest thereininterests therein created hereunder) and so long as no Event of Default has occurred, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time times be subject to the observance and performance of the terms of this Agreement.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (IMV Inc.), Venture Loan and Security Agreement (Celsion CORP)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to LenderSchedule. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Collateral Agent or any Lender for perfection of its the security interest thereininterests therein created hereunder) and so long as no and, in the absence of any then existing Default (or Event of Default has occurredDefault), shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time times be subject to the observance and performance of the terms of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (D-Wave Quantum Inc.), Venture Loan and Security Agreement (D-Wave Quantum Inc.)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to Lenderlocation(s) at 0 Xxxxx Xxxxxx, Xxxxxxxx Xxxxxxx Xxxx, Xxx-Xxxxx, Xxxxxx 00000. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender for perfection of its security interest therein) and so long as no Event of Default has occurredoccurred and is continuing, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this AgreementNote.

Appears in 2 contracts

Samples: Note and Security Agreement (Modigene Inc.), Note and Security Agreement (Frost Phillip Md Et Al)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to LenderSchedule. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender Lenders for perfection of its security interest therein) and so long as no Event of Default has occurred, and is continuing shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to Lenderat 0000 Xxxxxxxx Xxxxxxxxx, Xxxxx, Xxxxxxx 00000. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender for perfection of its security interest therein) and so long as no Event of Default has occurredoccurred and is continuing, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement.

Appears in 2 contracts

Samples: Note and Security Agreement (Cellular Technical Services Co Inc), Note and Security Agreement (Non Invasive Monitoring Systems Inc /Fl/)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof hereof, or if Lender subsequently agrees to any additional location, as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to Lendera Loan Agreement Supplement. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender for perfection of its security interest therein) and so long as no Event of Default has occurred, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided provided, however, that the possession, possession enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Nuvasive Inc)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to LenderSchedule. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender for perfection of its the security interest thereininterests therein created hereunder) and so long as no Event of Default has occurredoccurred and is continuing, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time be subject to the Borrower’s observance and performance of the terms of this Agreement.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Interleukin Genetics Inc)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to LenderSchedule. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender Lenders for perfection of its their security interest therein) and so long as no Event of Default has occurredoccurred and is continuing, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that provided, however, the possession, enjoyment, control and use of the Collateral shall at all time times be subject to the observance and performance of the terms of this Agreement.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Myogen Inc)

AutoNDA by SimpleDocs

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its the location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to LenderSchedule. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender Lenders for perfection of its their security interest therein) and so long as no Event of Default has occurred, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time times be subject to the observance and performance of the terms of this Agreement.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (MAP Pharmaceuticals, Inc.)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to Lenderat 4000 Xxxxxxxx Xxxxxxxxx, Xxxxx, Xxxxxxx 00000. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender for perfection of its security interest therein) and so long as no Event of Default has occurredoccurred and is continuing, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement.

Appears in 1 contract

Samples: Note and Security Agreement (Cellular Technical Services Co Inc)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or Schedule. Notwithstanding the foregoing, Borrower shall be allowed to re-locate Collateral; provided that, Borrower shall provide Lender five (5) Business Days prior written notice of such other locations which Borrower has identified in writing to Lenderre-location of Collateral. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender for perfection of its security interest therein) and so long as no Event of Default has occurredoccurred and is continuing, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Cryocor Inc)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof hereof, or if Lenders subsequently agree to any additional location, as set forth in a Loan Agreement Supplement (except that Borrower may permit its employees to use laptop computers or other similarly mobile equipment offsite in the Disclosure Schedule or such other locations which Borrower has identified in writing to Lenderordinary course of Borrower's business). Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender Agent for perfection of its security interest therein) and so long as no Event of Default has occurred, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, possession enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Egenera, Inc.)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower Borrowers at its location their locations listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to LenderSchedule. Borrower Borrowers shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender for perfection of its security interest therein) and so long as no Event of Default has occurred, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided that the possession, enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Everyday Health, Inc.)

Location and Possession of Collateral. The Collateral is and shall remain in the possession of Borrower at its location listed on the cover page hereof or as set forth in the Disclosure Schedule or such other locations which Borrower has identified in writing to LenderPerfection Certificate. Borrower shall remain in full possession, enjoyment and control of the Collateral (except only as may be otherwise required by Lender Agent for perfection of its security interest therein) and so long as no Event of Default has occurredoccurred and is continuing, shall be entitled to manage, operate and use the same and each part thereof with the rights and franchises appertaining thereto; provided provided, however, that the possession, possession enjoyment, control and use of the Collateral shall at all time be subject to the observance and performance of the terms of this Agreement.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Intarcia Therapeutics, Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.