Maintenance of Collateral. Borrower will maintain the Collateral in good working condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Coast in writing of any material loss or damage to the Collateral.
Appears in 32 contracts
Samples: Loan and Security Agreement (CSL Lighting Manufacturing Inc), Loan and Security Agreement (Greenman Technologies Inc), Loan and Security Agreement (Webvalley Inc)
Maintenance of Collateral. Borrower will maintain the Collateral Inventory and Equipment in good working condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Coast in writing of any material loss or damage to the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Netlojix Communications Inc), Loan and Security Agreement (Avtel Communications Inc/De)
Maintenance of Collateral. Borrower will maintain the Collateral in good working conditioncondition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise notify Coast in writing of any material loss or damage to the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Probusiness Services Inc), Loan and Security Agreement (Probusiness Services Inc)
Maintenance of Collateral. Borrower will maintain the Collateral in good working condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Coast in writing of any material loss or damage to the CollateralCollateral that could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (Amerivision Communications Inc)
Maintenance of Collateral. Each Borrower and ONE will maintain the Collateral in good working condition, and each Borrower and ONE will not use the Collateral for any unlawful purpose. Borrower Borrowers will immediately advise Coast in writing of any material loss or damage to the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Universal International Inc /Mn/)
Maintenance of Collateral. Borrower will maintain the Collateral in good working condition, subject to normal wear and tear in the ordinary course of business, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Coast in writing of any material loss or damage to the Collateral.
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Maintenance of Collateral. Borrower will maintain the Collateral in good working condition, and Borrower will not knowingly use the Collateral for any unlawful purpose. Borrower will immediately advise Coast in writing of any material loss or damage to the CollateralCollateral of which Borrower has become aware.
Appears in 1 contract
Maintenance of Collateral. Each Borrower will maintain the Collateral in good working condition, and no Borrower will not use the Collateral for any unlawful purpose. Borrower Borrowers will immediately advise Coast in writing of any material loss or damage to the Collateral.
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