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Common use of Location of Equipment and Inventory Clause in Contracts

Location of Equipment and Inventory. All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

Appears in 32 contracts

Samples: Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc)

Location of Equipment and Inventory. All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 3 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

Appears in 2 contracts

Samples: Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc)

Location of Equipment and Inventory. All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 in the Secured Promissory Note (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

Appears in 1 contract

Samples: Blanket Security Agreement (Genesys Industries, Inc.)

Location of Equipment and Inventory. All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 A (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

Appears in 1 contract

Samples: Convertible Note and Warrant Purchase Agreement (Mechanical Technology Inc)