Common use of Maintenance of Collateral; Inspection Clause in Contracts

Maintenance of Collateral; Inspection. Do all things necessary to maintain, preserve, protect and keep all Collateral in good working order and saleable condition, dealing with the Collateral in all ways as are considered good practice by owners of like property, and use the Collateral lawfully and only as permitted by Debtor's insurance policies. Debtor hereby authorizes Secured Party's officers, employees, representatives and agents, upon reasonable notice, at reasonable times and with reasonable frequency, to inspect the Collateral and to discuss the Collateral and the Records relating thereto with Debtor's officers.

Appears in 5 contracts

Samples: Loan Agreement (Digital Generation Systems Inc), Loan Agreement (Active Software Inc), Security Agreement (Verisign Inc/Ca)

AutoNDA by SimpleDocs

Maintenance of Collateral; Inspection. Do all things reasonably necessary to maintain, preserve, protect and keep all Collateral in good working order and saleable condition, dealing with the Collateral in all ways as are considered good practice by owners of like property, and use the Collateral lawfully and only as permitted by Debtor's insurance policies. Debtor hereby authorizes Secured Party's officers, employees, representatives and agents, upon reasonable notice, at reasonable times and with reasonable frequency, to inspect the Collateral and to discuss the Collateral and the Records relating thereto with Debtor's officers.

Appears in 1 contract

Samples: Loan Agreement (Exodus Communications Inc)

AutoNDA by SimpleDocs

Maintenance of Collateral; Inspection. Do all things necessary to maintain, preserve, protect and keep all Collateral in good working order and saleable condition, dealing with the Collateral in all ways as are considered good practice by owners of like property, and use the Collateral lawfully and only as permitted by Debtor's insurance policies. Debtor hereby authorizes Secured Party's officers, employees, representatives and agents, upon reasonable notice, at reasonable times and with reasonable frequency, to inspect the Collateral and to discuss the Collateral and the Records relating thereto with Debtor's officers.

Appears in 1 contract

Samples: Loan Agreement (Releasenow Com Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.