Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender in writing of any material loss or damage to the Collateral.
Appears in 7 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Nlight, Inc.), Loan and Security Agreement (Nlight, Inc.)
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender in writing of any material loss or damage to the Collateral.
Appears in 6 contracts
Samples: Loan and Security Agreement (Yunhong CTI Ltd.), Loan and Security Agreement (Project Clean, Inc.), Loan and Security Agreement (Project Clean, Inc.)
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately promptly advise Lender Bank in writing of any material loss or damage to the Collateral.
Appears in 4 contracts
Samples: Loan and Security Agreement (Redback Networks Inc), Loan and Security Agreement (Redback Networks Inc), Loan and Security Agreement (Fiberstars Inc /Ca/)
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral consisting of Equipment in good working condition (ordinary wear and tear excepted)condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower Bxxxxxxx will immediately advise Lender in writing of any material loss or damage to the Collateral.
Appears in 3 contracts
Samples: Loan Agreement (Snail, Inc.), Loan Agreement (Snail, Inc.), Revolving Loan and Security Agreement (Snail, Inc.)
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (condition, ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender Multiplier in writing of any material loss or damage to the Collateral.
Appears in 3 contracts
Samples: Loan and Security Agreement (Winc, Inc.), Loan and Security Agreement (Winc, Inc.), Loan and Security Agreement (Winc, Inc.)
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (ordinary wear and tear excepted)condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender in writing of any material loss or damage to the Collateral.
Appears in 3 contracts
Samples: Loan and Security Agreement (Versant Corp), Revolving Credit Agreement (Homeseekers Com Inc), Revolving Credit Agreement (Fidelity National Financial Inc /De/)
Maintenance of Collateral. Each of Holdings and Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (ordinary wear and tear excepted), and Holdings and Borrower will not use the Collateral for any unlawful purpose. Holdings and Borrower will immediately advise Lender in writing of any material loss or material damage to the Collateral.
Appears in 2 contracts
Samples: Super Priority Loan and Security Agreement (Real Good Food Company, Inc.), Junior Lien Intercreditor Agreement (Real Good Food Company, Inc.)
Maintenance of Collateral. Borrower and its Subsidiaries will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (condition, ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender in writing of any material loss or damage to the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Shotspotter, Inc), Loan and Security Agreement (Shotspotter, Inc)
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (ordinary wear and tear excepted)condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender Lenders in writing of any material loss or damage to the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Intelligent Medical Imaging Inc)
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral consisting of Equipment in good working condition (ordinary wear and tear excepted)condition, and Borrower will not use the Collateral for any unlawful purposepurpose. Borrower Bxxxxxxx will immediately advise Lender in writing of any material loss or damage to the Collateral.the Collateral.
Appears in 1 contract
Samples: Revolving Loan and Security Agreement (Snail, Inc.)
Maintenance of Collateral. Borrower will maintain (i) the Inventory in good and merchantable condition and maintain (ii) all other tangible Collateral in good working condition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately promptly advise Lender in writing upon becoming aware of any material loss or damage to the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Xplore Technologies Corp)
Maintenance of Collateral. Borrower Borrowers will maintain all of the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (condition, ordinary wear and tear excepted), and Borrower Borrowers will not use any of the Collateral for any unlawful purpose. Borrower Borrowers will immediately advise Lender in writing of any material loss or damage to the Collateral, or any portion thereof. Borrowers will not, without Lender's prior written consent, sell, transfer or otherwise dispose of any of the Collateral or any interest therein.
Appears in 1 contract
Samples: Loan and Security Agreement (Marine Growth Ventures Inc)
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower Bxxxxxxx will immediately advise Lender in writing of any material loss or damage to the Collateral.
Appears in 1 contract
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately promptly advise Lender in writing of any material loss or damage to the Collateral.
Appears in 1 contract
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral Equipment in good working condition (ordinary wear and tear excepted)condition, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender in writing of any material loss or damage to the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Netlojix Communications Inc)
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender in writing of any material loss or damage to the CollateralCollateral exceeding $50,000.
Appears in 1 contract
Maintenance of Collateral. The Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (ordinary condition, reasonable wear and tear excepted), and the Borrower will not use the Collateral for any unlawful purpose. The Borrower will immediately advise Lender LxXxxx in writing of any material loss or damage to the Collateral.
Appears in 1 contract
Maintenance of Collateral. Borrower will maintain the Inventory in good and merchantable condition and maintain all other tangible Collateral in good working condition (condition, ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender REMINGTON in writing of any material loss or damage to the Collateral.
Appears in 1 contract
