Maintenance of Collateral. Borrower will maintain the 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 PFG in writing of any material loss or damage to the Collateral.
Appears in 20 contracts
Samples: Loan and Security Agreement (Sonic Foundry Inc), Loan and Security Agreement (Activecare, Inc.), Loan and Security Agreement (Sonic Foundry Inc)
Maintenance of Collateral. Borrower will maintain the 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 PFG in writing of any material loss or damage to the Collateral.
Appears in 7 contracts
Samples: Loan and Security Agreement (Borqs Technologies, Inc.), Loan and Security Agreement (Borqs Technologies, Inc.), Loan and Security Agreement (Giga Tronics Inc)
Maintenance of Collateral. Borrower Each Obligor will maintain the its respective Collateral in good working condition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower Each Obligor will immediately advise PFG in writing of any material loss or damage to the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Healthcare Corp of America), Loan and Security Agreement (Selway Capital Acquisition Corp.)
Maintenance of Collateral. Borrower will maintain the Collateral in good working condition (ordinary wear and tear and casualty excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately promptly advise PFG in writing of any material loss or damage to the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Irvine Sensors Corp/De/)
Maintenance of Collateral. Borrower will maintain the 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 PFG in writing of any material loss or damage to the CollateralCollateral where the fair market value of such Collateral exceeds $100,000.
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Maintenance of Collateral. Such Borrower will maintain the Collateral in good working condition (ordinary wear and tear excepted), and such Borrower will not use the Collateral for any unlawful purpose. Such Borrower will immediately advise PFG in writing of any material loss or damage to the Collateral.
Appears in 1 contract
Maintenance of Collateral. Borrower will maintain the all material Collateral consisting of Equipment 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 PFG 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 (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise PFG in writing of any material loss or damage to the CollateralCollateral in excess of $100,000.
Appears in 1 contract
Samples: Loan and Security Agreement (North American Scientific Inc)
Maintenance of Collateral. Borrower Debtor will maintain the Collateral in good working condition (ordinary wear and tear excepted), and Borrower Debtor will not use the Collateral for any unlawful purpose. Borrower Debtor will immediately advise PFG in writing of any material loss or damage to the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Interwave Communications International LTD)
Maintenance of Collateral. Borrower will maintain the Collateral (where condition is relevant) in good working condition (ordinary wear and tear excepted)) to the extent the failure to do so could result in a Non-trivial adverse effect on Borrower or its business, and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise PFG in writing of any material loss or damage to the Collateral.
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