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 GBC in writing of any material loss or damage to the Collateral.
Appears in 12 contracts
Samples: Loan and Security Agreement (Vixel Corp), Loan and Security Agreement (Com21 Inc), Loan and Security Agreement (Cerplex Group Inc/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 GBC in writing of any material loss or damage to the Collateral. Borrower will maintain the validity of, and otherwise maintain, preserve and protect, its patents, trademarks, copyrights and other intellectual property in accordance with prudent business practices.
Appears in 1 contract
Samples: Interactive Magic Inc /Md/
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 GBC in writing of any material loss or damage to the * Collateral.. * Equipment ** promptly
Appears in 1 contract
Samples: Loan and Security Agreement (Seer Technologies Inc /De)
