Common use of Location of the Collateral Clause in Contracts

Location of the Collateral. Except in the ordinary course of Grantor’s business, Grantor agrees to keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts or general intangibles, the records concerning the Collateral) at Grantor’s address shown above or at such other locations as are acceptable to Lender. Upon Lender’s request, Grantor will deliver to Lender in form satisfactory to Lender a schedule of real properties and Collateral locations relating to Grantor’s operations, including without limitation the following: (1) all real property Grantor owns or is purchasing; (2) all real property Grantor is renting or leasing; (3) all storage facilities Grantor owns, rents, leases, or uses; and (4) all other properties where Collateral is or may be located. Removal of the Collateral. Except in the ordinary course of Grantor’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of Ohio, without Lender’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Samples: Commercial Security Agreement (Financial Gravity Companies, Inc.), Commercial Security Agreement (Pinnacle Data Systems Inc)

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Location of the Collateral. Except in the ordinary course of Grantor’s 's business, Grantor agrees to keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts or general intangibles, the records concerning the Collateral) at Grantor’s 's address shown above or at such other locations as are acceptable to Lender. Upon Lender’s 's request, Grantor will deliver to Lender in form satisfactory to Lender a schedule of real properties and Collateral locations relating to Grantor’s 's operations, including without limitation the following: (1) all real property Grantor owns or is purchasing; (2) all real property Grantor is renting or leasing; (3) all storage facilities Grantor owns, rents, leases, or uses; and (4) all other properties where Collateral is or may be located. Removal of the Collateral. Except for transactions permitted in the ordinary course of Grantor’s business, including the sales of inventory“Transactions Involving Collateral” section below, Grantor shall not remove the Collateral from its existing location without Lender’s 's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of OhioNew York, without Lender’s 's prior written consent, which consent shall not be unreasonably withheld. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Continuing General Security Agreement (Cpi Aerostructures Inc)

Location of the Collateral. Except in the ordinary course of Grantor’s 's business, Grantor agrees to keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts or general intangibles, the records concerning the Collateral) at Grantor’s 's address shown above or at such other locations as are acceptable to Lender. Upon Lender’s 's request, Grantor will deliver to Lender in form satisfactory to Lender a schedule of real properties and Collateral locations relating to Grantor’s 's operations, including without limitation the following: (1) all real property Grantor owns or is purchasing; (2) all real property Grantor is renting or leasing; (3) all storage facilities Grantor owns, rents, leases, or uses; and (4) all other properties where Collateral is or may be located. Removal of the Collateral. Except in the ordinary course of Grantor’s 's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender’s 's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of OhioNew Jersey, without Lender’s 's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Electronic Control Security Inc)

Location of the Collateral. Except in the ordinary course of Grantor’s business, Grantor Granter agrees to keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts or general intangibles, the records concerning the Collateral) at Grantor’s address shown above or at such other locations as are acceptable to Lender. Upon Lender’s request, Grantor Granter will deliver to Lender in form satisfactory to Lender a schedule of real properties and Collateral locations relating to Grantor’s operations, including without limitation the following: (1) all real property Grantor owns or is purchasing; (2) all real property Grantor Granter is renting or leasing; (3) all storage facilities Grantor Granter owns, rents, leases, or uses; and (4) all other properties where Collateral is or may be located. Removal of the Collateral. Except in the ordinary course of Grantor’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor Granter shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of OhioNew York, without Lender’s prior written consent. Grantor Granter shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Repro Med Systems Inc)

Location of the Collateral. Except in the ordinary course of Grantor’s 's business, Grantor agrees to keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts or general intangibles, the records concerning the Collateral) at Grantor’s 's address shown above or at such other locations as are acceptable to Lender. Upon Lender’s 's request, Grantor will deliver to Lender in form satisfactory to Lender a schedule of real properties and Collateral locations relating to Grantor’s 's operations, including without limitation the following: (1) all real property Grantor owns or is purchasing; : (2) all real property Grantor is renting or leasing; : (3) all storage facilities Grantor owns, rents, leases, or uses; : and (4) all other properties where Collateral is Collaterals or may be located. Removal of the Collateral. Except in the ordinary course of Grantor’s 's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender’s 's prior written consent. To the extent that the Collateral consists of vehicles, vehicles or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of OhioTexas, without Lender’s 's prior written consent. consent Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Dougherty's Pharmacy, Inc.)

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Location of the Collateral. Except in the ordinary course of GrantorGxxxxxx’s business, Grantor Gxxxxxx agrees to keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts or general intangibles, the records concerning the Collateral) at Grantor’s address shown above or at such other locations as are acceptable to Lender. Upon LenderLxxxxx’s request, Grantor Granter will deliver to Lender in form satisfactory to Lender a schedule of real properties and Collateral locations relating to Grantor’s operations, . including without limitation the following: (1) all real property Grantor Granter owns or is purchasing; (2) all real property Grantor Granter is renting or leasing; : (3) all storage facilities Grantor Granter owns, . rents, leases, or uses; and (4) all other properties where Collateral is or may be located. Removal of the Collateral. Except in the ordinary course of Grantor’s business, including the sales of inventory, Grantor . Granter shall not remove the Collateral from its existing location without Lender’s prior written consent. To the extent that the Collateral consists of vehicles, . or other titled property, . Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of OhioTexas, without LenderLxxxxx’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Business Loan Agreement (Clearday, Inc.)

Location of the Collateral. Except in the ordinary course of Grantor’s business, Grantor agrees to keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts or general intangibles, the records concerning the Collateral) at Grantor’s address shown above or at such other locations as are acceptable to Lender. Upon Lender’s request, Grantor will deliver to Lender in form satisfactory to Lender a schedule of real properties and Collateral locations relating to Grantor’s operations, including without limitation the following: (1) all real property Grantor owns or is purchasing; (2) all real property Grantor is renting or leasing; (3) all storage facilities Grantor owns, rents, leases, or uses; and (4) all other properties where Collateral is or may be located. Removal of the Collateral. Except in the ordinary course of Grantor’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of OhioFlorida, without Lender’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Vertical Health Solutions Inc)

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