Maintenance of Collateral. Debtor shall (i) use the Collateral only in its trade or business, (ii) maintain all of the Collateral in good operating order and repair, normal wear and tear excepted, (iii) use and maintain the Collateral only in compliance with manufacturers recommendations and all applicable laws, and (iv) keep all of the Collateral free and clear of all liens, claims and encumbrances (except for Permitted Liens).
Appears in 12 contracts
Samples: Master Security Agreement (Reply! Inc), Master Security Agreement (Tengion Inc), Master Security Agreement (Codexis Inc)
Maintenance of Collateral. Debtor shall (i) use the Collateral only in its trade or business, (ii) maintain all of the Collateral in good operating order and repair, normal wear and tear excepted, (iii) use and maintain the Collateral only in compliance with manufacturers recommendations and all applicable laws, and (iv) keep all of the Collateral free and clear of all liens, claims and encumbrances (except for Permitted LiensLiens and Permitted Transfers).
Appears in 2 contracts
Samples: Master Security Agreement, Master Security Agreement (Vical Inc)
Maintenance of Collateral. Debtor Borrower shall (i) use the Collateral only in its trade or business, (ii) maintain all of the Collateral consisting of Equipment in good operating order and repair, normal wear and tear excepted, (iii) use and maintain the Collateral consisting of Equipment only in compliance with manufacturers manufacturers’ recommendations and all applicable laws, and (iv) keep all of the Collateral free and clear of all liens, claims and encumbrances (except for Permitted Liens).
Appears in 2 contracts
Samples: Master Loan and Security Agreement (CytomX Therapeutics, Inc.), Master Loan and Security Agreement (CytomX Therapeutics, Inc.)
Maintenance of Collateral. Debtor shall (i) use the Collateral only in its trade or business, (ii) maintain all of the Collateral in good operating order and repair, normal wear and tear excepted, (iii) use and maintain the Collateral only in compliance with manufacturers manufacturers’ recommendations and all applicable laws, and (iv) keep all of the Collateral free and clear of all liens, claims and encumbrances (except for Permitted Liens).
Appears in 1 contract
Samples: Master Security Agreement (Pharmacopeia Drug Discovery Inc)
Maintenance of Collateral. Debtor shall (i) use the Collateral only in its trade or business, (ii) maintain all of the Collateral in good operating order and repair, normal wear and tear and depreciation excepted, (iii) use and maintain the Collateral only in compliance with manufacturers recommendations and all applicable laws, and (iv) keep all of the Collateral free and clear of all liens, claims and encumbrances (except for Permitted Liens).
Appears in 1 contract
Maintenance of Collateral. Debtor shall (i) use the Collateral only in its trade or business, (ii) maintain all of the Collateral in good operating order and repair, normal wear and tear excepted, and (iii) use and maintain except to the extent the Collateral only in compliance with manufacturers recommendations and all applicable lawsis comprised of or constitutes leasehold improvements, and (iv) keep all of the Collateral free and clear of all liens, claims and encumbrances (except for Permitted Liens).
Appears in 1 contract
Samples: Master Security Agreement (Alnylam Pharmaceuticals, Inc.)
Maintenance of Collateral. Debtor shall (i) use the Collateral only in its trade or business, (ii) maintain all of the Collateral in good operating order and repair, normal wear and tear excepted, (iii) use and maintain the Collateral only in material compliance with manufacturers recommendations and all applicable laws, laws and (iv) keep all of the Collateral free and clear of all liens, claims and encumbrances (except for Permitted Liens).
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