Common use of Maintenance of Collateral; Inspection Clause in Contracts

Maintenance of Collateral; Inspection. Do all things reasonably necessary to maintain, preserve, protect and keep all Collateral in good working order and salable condition, ordinary wear and tear excepted, deal 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 Borrower's insurance policies. Borrower hereby authorizes Lender'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 Borrower's officers and employees.

Appears in 4 contracts

Samples: Loan and Security Agreement (Adforce Inc), Loan and Security Agreement (Adforce Inc), Loan and Security Agreement (Adforce Inc)

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