Common use of Location of Equipment and Inventory Clause in Contracts

Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (i) at the locations specified therefor on Schedule III hereto, or (ii) at such other locations set forth on Schedule III and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, or (iii) at such other locations in the United States, provided that within 20 days following the relocation of Equipment or Inventory to such other location or the acquisition of Equipment or Inventory, Grantor shall deliver to the Collateral Agent a new Schedule III indicating such new locations.

Appears in 4 contracts

Samples: Security and Pledge Agreement (WPCS International Inc), Security Agreement (Socket Mobile, Inc.), Security Agreement (Socket Mobile, Inc.)

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Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (other than Equipment and Inventory in transit, or on loan or lease to customers) (i) at the locations a location specified therefor on Schedule III hereto, or (ii) at such other locations set forth on Schedule III and with respect to which the as Grantor shall notify Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, or (iii) at such other locations in the United States, provided that within 20 days following the relocation of Equipment or Inventory to such other location or the acquisition of Equipment or Inventory, and Grantor shall deliver to the Collateral Agent a new Schedule III indicating such new locations.

Appears in 3 contracts

Samples: Security Agreement (Nanogen Inc), Security Agreement (Nanogen Inc), Security Agreement (Nanogen Inc)

Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (i) at the locations specified therefor therefore on Schedule III hereto, or (ii) at such other locations set forth on Schedule III and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, or (iii) at such other locations in the United States, provided that within 20 days following the relocation of Equipment or Inventory to such other location or the acquisition of Equipment or Inventory, Grantor shall deliver to the Collateral Agent a new Schedule III indicating such new locations.

Appears in 1 contract

Samples: Security and Pledge Agreement (Worlds Online Inc.)

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Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (i) at the locations specified therefor on Schedule III IV hereto, or (ii) at such other locations set forth on Schedule III IV and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, or (iii) at such other locations in the United States, provided that within 20 twenty (20) days following the relocation of Equipment or Inventory to such other location or the acquisition of Equipment or Inventory, Grantor shall deliver to the Collateral Agent a new Schedule III IV indicating such new locations.

Appears in 1 contract

Samples: Security and Pledge Agreement (Digital Angel Corp)

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