Common use of Location and Use of Collateral Clause in Contracts

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.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Bluerock Residential Growth REIT, Inc.), Loan Agreement (Bluerock Residential Growth REIT, Inc.)

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Location and Use of Collateral. All tangible Collateral will be used in the business of Borrower and shall remain in Borrower’s 's control at all times at Borrower’s 's risk of loss and shall be located on the Propertyloss.

Appears in 2 contracts

Samples: Loan Agreement (Educational Development Corp), Loan Agreement (Educational Development Corp)

Location and Use of Collateral. All tangible Collateral will be used in the business of Borrower and shall remain in Borrower’s 's possession or control at all times at Borrower’s 's risk of loss and shall be located on the Propertyreal property described in the Security Document covering such Collateral save and except offsite repairs.

Appears in 1 contract

Samples: Loan Agreement (Payless Cashways Inc)

Location and Use of Collateral. All tangible Collateral will be used in the business of Borrower and shall remain in Borrower’s 's control at all times at Borrower’s 's risk of loss and shall be located on the Property.

Appears in 1 contract

Samples: Loan Agreement (CRAWFORD UNITED Corp)

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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 PropertyProperty or at Borrower’s principal place of business.

Appears in 1 contract

Samples: Loan Agreement (CNL Growth Properties, Inc.)

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