Common use of Maintenance of Collateral; Compliance with Law Clause in Contracts

Maintenance of Collateral; Compliance with Law. The Company will keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. SECURED PARTY, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Company has at all times operated, and the Company will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.

Appears in 2 contracts

Samples: Exhibit 10 (Premier Exhibitions, Inc.), Security Agreement (Premier Exhibitions, Inc.)

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Maintenance of Collateral; Compliance with Law. The Company will keep ---------------------------------------------- the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. SECURED PARTYThe Agent, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Company has at all times operated, and the Company will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.

Appears in 2 contracts

Samples: Security Agreement (CMG Information Services Inc), Security Agreement (Cmgi Inc)

Maintenance of Collateral; Compliance with Law. The Company will keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. SECURED PARTYThe Bank, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Company has at all times operated, and the Company will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances. 9.

Appears in 1 contract

Samples: Revolving Credit Agreement (Expert Software Inc)

Maintenance of Collateral; Compliance with Law. The Each Company will keep ---------------------------------------------- the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. SECURED PARTYThe Agent, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Each Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Each Company has at all times operated, and the each Company will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.

Appears in 1 contract

Samples: Security Agreement (CMG Information Services Inc)

Maintenance of Collateral; Compliance with Law. The Company will keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. SECURED PARTYThe Secured Party, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Company has at all times operated, and the Company will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, amended and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.

Appears in 1 contract

Samples: Second Amended and Restated Security Agreement (Levine Leichtman Capital Partners Ii Lp)

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Maintenance of Collateral; Compliance with Law. The Company will ---------------------------------------------- keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. SECURED PARTYThe Agent, or its designee, may inspect the Collateral at any reasonable timetime during normal business hours, wherever located. The Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Company has at all times operated, and the Company will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.

Appears in 1 contract

Samples: Security Agreement (National Auto Finance Co Inc)

Maintenance of Collateral; Compliance with Law. The Company Companies will keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon. SECURED PARTYThe Agent, or its designee, may inspect the Collateral at any reasonable time, wherever located. The Company Companies will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of such Collateral or incurred in connection with this Agreement. The Company Each of the Companies has at all times operated, and each of the Company Companies will continue to operate, its business in compliance with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances.

Appears in 1 contract

Samples: Security Agreement (Morgan Group Inc)

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