Location and Use of Collateral Sample Clauses

Location and Use of Collateral. All tangible Collateral will be used in the business of Borrower and shall remain in Borrower’s control at all times at Borrower’s risk of loss and shall be located on the Property.
Sample 1Sample 2Sample 3See All (9)
AutoNDA by SimpleDocs
Location and Use of Collateral. Debtor Represents and Warrants That: The Collateral will be used primarily for (check one): personal, family, or household purposes: business. Xxxxxx’s residence (principal place of business) is that shown with Xxxxxx’s name above. The Collateral is or will be located at county, State/Commonwealth of . Debtor will not permit any of the Collateral to be removed from this county without the prior written consent of Secured Party. The Collateral may be attached to real estate commonly known as (street address) in such a manner as to become a fixture. Debtor will furnish Secured Party a legal description of the real estate. The name of the record owner of the real estate is . On demand of Secured Party, Xxxxxx will furnish a written disclaimer of any interest in the Collateral by the record owner and any encumbrancer of the real property. The proceeds of the obligation(s) secured by this agreement are to be used to purchase all or part of the Collateral. Secured Party is authorized to disburse the proceeds directly to the installers or suppliers of the Collateral.
Sample 1Sample 2
Location and Use of Collateral. All tangible Collateral ------------------------------ will be used in the business of Grantor and shall remain in Grantor's possession or control at all times at Grantor's risk of loss and shall be located on the real property described in Exhibit A hereto. ---------
Sample 1
Location and Use of Collateral. Debtor has good, marketable and unencumbered title to the Collateral which it has acquired. Debtor will have good, marketable and unencumbered title to the Collateral which Debtor will acquire in the future. Debtor covenants that the Collateral will be used primarily for Debtor’s business. The Collateral is or will be located at the property commonly known as 0000 Xxxxxxx Xxxx in East Norriton Township, Xxxxxxxxxx County, Pennsylvania described in Exhibit “B” (the “Property”). Debtor will not permit any of the Collateral to be removed from the Property without the prior written consent of the Department. It is the Debtor’s intent that the Collateral will not be permanently attached to the Property in such a manner as to become a fixture under Pennsylvania law, including without limitation the Pennsylvania Uniform Commercial Code. In the event that the Collateral is attached to the Property in such a manner as to become a fixture, the security interest created by this Security Agreement and the security interest and liens granted hereunder will attach to the fixtures. The Debtor is the lessee of the Property as evidenced by a copy of a Lease furnished to and reviewed by the Department. If requested by the Department, Debtor will furnish a written disclaimer of any interest in the Collateral by any encumbrancer of the Property. The proceeds of the obligation secured hereby will be used to purchase the Collateral and the security interest will create, upon filing of financing statements in the required offices, a perfected first lien upon the Collateral.
Sample 1
Location and Use of Collateral. You agree to notify us in writing of any change of your address or of any change in the location of the Collateral. Unless you first have received our written consent, you may not take the Collateral out of the State shown in Section D in the section entitled “Address Where Collateral Will Be Located” and you may not sell, lease or otherwise dispose of the Collateral or any part of it by any means. You will comply with all laws, ordinances, regulations and orders relating to the Collateral. You will keep the Collateral in good condition and will not alter or substantially modify it or conceal it. You will not allow any other security interest on the Collateral besides the security interest granted to us under this contract. Inspection of the Collateral: We may inspect the Collateral at any reasonable time. Taxes: You are responsible for and will pay when due all taxes and assessments levied on the Collateral. If you fail to do so, we may pay any such tax or assessment on your behalf. An amount equal to that which we paid will be added to the Total of Payments then owing and you will be charged a finance charge on the amount we paid at the highest lawful contract rate.
Sample 1
Location and Use of Collateral. All of the records pertaining to the Collateral are and will be kept at the address of Company indicated at the beginning of this Agreement, and Company will not remove any material part of the Collateral without the prior express written consent of Bank: and the Collateral will only be used for the business operations of Company and in a manner not inconsistent with any of the terms of this Agreement.
Sample 1
Location and Use of Collateral. All tangible Collateral will be used in the business of Borrower and shall remain in Borrower’s control at all times at Borrower’s risk of loss and shall be located on the Property. The Property shall not be used to sell, grow, produce, or distribute cannabis or for any service directly related to the sale, growth, production, or distribution of cannabis.
Sample 1
AutoNDA by SimpleDocs
Location and Use of Collateral. Grantor (a) shall keep all records pertaining to Collateral, at or affixed to the location of its chief executive office set forth on Schedule A or such other place or places as described on Schedule G attached hereto or as it may designate in a writing delivered to the Lender thirty (30) days before moving such Collateral or records to another place, and may use such Collateral only for purposes for which it is commonly employed in Grantor's type of business; (b) on or prior to the date hereof or as soon as practicable thereafter but in any event within twenty one (21) days after such an item of property becomes Collateral, shall deliver to the Lender all Instruments, Documents and Chattel Paper related to the Collateral, with all endorsements or assignments necessary, or in the Lender's judgment reasonably appropriate, for each item of such Collateral to be transferable; and (c) shall keep the proceeds of all Collateral segregated from property that is not Collateral or proceeds thereof so that it may readily be identified as proceeds of Collateral.
Sample 1
Location and Use of Collateral. Debtor Represents and Warrants That: The Collateral will be used primarily for (check one): ☐ personal, family, or household purposes: ☐ business. Xxxxxx’s residence (principal place of business) is that shown with Xxxxxx’s name above. The Collateral is or will be located at county, State/Commonwealth of . Debtor will not permit any of the Collateral to be removed from this county without the prior written consent of Secured Party. The Collateral may be attached to real estate commonly known as (street address) in such a manner as to become a fixture. Debtor will furnish Secured Party a legal description of the real estate. The name of the record owner of the real estate is (First Name) (Last Name). On demand of Secured Party, Xxxxxx will furnish a written disclaimer of any interest in the Collateral by the record owner and any encumbrancer of the real property. The proceeds of the obligation(s) secured by this agreement are to be used to purchase all or part of the Collateral. Secured Party is authorized to disburse the proceeds directly to the installers or suppliers of the Collateral.
Sample 1

Related to Location and Use of Collateral

  • Possession and Use of Collateral Subject to the provisions of the Security Documents, the Issuer and the Guarantors shall have the right to remain in possession and retain exclusive control of and to exercise all rights with respect to the Collateral (other than monies or U.S. government obligations deposited pursuant to Article VIII, and other than as set forth in the Security Documents and this Indenture), to operate, manage, develop, lease, use, consume and enjoy the Collateral (other than monies and U.S. government obligations deposited pursuant to Article VIII and other than as set forth in the Security Documents and this Indenture), to alter or repair any Collateral so long as such alterations and repairs do not impair the creation or perfection of the Lien of the Security Documents thereon, and to collect, receive, use, invest and dispose of the reversions, remainders, interest, rents, lease payments, issues, profits, revenues, proceeds and other income thereof.

  • Location of Collateral All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by Borrowers at the business locations set forth in Schedule 8.6.1, except that Borrowers may (a) make sales or other dispositions of Collateral in accordance with Section 10.2.6; and (b) move Collateral to another location in the United States, upon 30 Business Days prior written notice to Agent.

  • Use of Collateral Each of the parties granting a security interest hereunder may continue to use and deal with its interest in the Collateral in any lawful manner and may sell items of Collateral in the ordinary course of its business, subject only to the requirements of the Transfer Documents, the Servicing Agreement or any other Basic Document, as appropriate.

  • Locations of Collateral (a) Properties Owned by the Grantor: (b) Properties Leased by the Grantor or other related entity (Include Landlord’s Name): (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee):

  • Inspection of Collateral Lender and Lender's designated representatives and agents shall have the right at all reasonable times to examine and inspect the Collateral wherever located.

  • DESCRIPTION OF COLLATERAL Repayment of the Obligations is secured by the Collateral as described in the Loan Agreement (together with any other collateral security granted to Bank, the “Security Documents”). Hereinafter, the Security Documents, together with all other documents evidencing or securing the Obligations shall be referred to as the “Existing Loan Documents”.

  • Application of Collateral The proceeds of any sale, or other realization (other than that received from a sale or other realization permitted by the Credit Agreement) upon all or any part of the Pledged Collateral pledged by the Pledgors shall be applied by the Secured Party as set forth in Section 7.06 of the Credit Agreement.

  • Maintenance of Collateral Borrower will maintain the Collateral in good working condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Silicon in writing of any material loss or damage to the Collateral.

  • Preservation of Collateral Following the occurrence of a Default or Event of Default, in addition to the rights and remedies set forth in Section 11.1 hereof, Agent: (a) may at any time take such steps as Agent deems necessary to protect Agent’s interest in and to preserve the Collateral, including the hiring of such security guards or the placing of other security protection measures as Agent may deem appropriate; (b) may employ and maintain at any of any Borrower’s premises a custodian who shall have full authority to do all acts necessary to protect Agent’s interests in the Collateral; (c) may lease warehouse facilities to which Agent may move all or part of the Collateral; (d) may use any Borrower’s owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (e) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of Borrowers’ owned or leased property. Each Borrower shall cooperate fully with all of Agent’s efforts to preserve the Collateral and will take such actions to preserve the Collateral as Agent may direct. All of Agent’s expenses of preserving the Collateral, including any expenses relating to the bonding of a custodian, shall be charged to Borrowers’ Account as a Revolving Advance maintained as a Domestic Rate Loan and added to the Obligations.

  • Place of Business; Location of Collateral The address set forth in the heading to this Agreement is Borrower's chief executive office. In addition, Borrower has places of business and Collateral is located only at the locations set forth on the Schedule. Borrower will give Silicon at least 30 days prior written notice before opening any additional place of business, changing its chief executive office, or moving any of the Collateral to a location other than Borrower's Address or one of the locations set forth on the Schedule.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!