Maintenance of Consignment Limits Sample Clauses

Maintenance of Consignment Limits. (a) If the Consignment Facility Indebtedness at any time exceeds the Consignment Limit, the Customers will promptly, without further notice or demand by the Metal Lender:
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Maintenance of Consignment Limits. (a) If the Consignment Facility Indebtedness at any time exceeds the Consignment Limit, the Company shall promptly, without further notice or demand by HSBC, either:
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Maintenance of Consignment Limits. (a) If the Consignment Facility Indebtedness at any time exceeds the Consignment Limit, the Company shall promptly, without further notice or demand by Sensata, either:
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Maintenance of Consignment Limits. (a) If the Consignment Facility Indebtedness or the Copper Consignment Facility Indebtedness at any time exceeds the Consignment Limit or the Copper Consignment Limit, as applicable, the Customers will promptly, and in any event within five (5) Business Days of the date of the occurrence of such excess, without further notice or demand by the Metal Lender: (i) make payment to the Metal Lender, as provided in Section 2.3(g) hereof, for Consigned Metal or Copper, as applicable, having an aggregate value sufficient to result in the remaining Consignment Facility Indebtedness or Copper Consignment Facility Indebtedness being not more than the Consignment Limit or Copper Consignment Limit, as applicable, (ii) deliver to the Metal Lender’s pool accounts, loco London, or in a form otherwise agreed by the Metal Lender, Metal free and clear of all Liens (other than Liens in favor of the Metal Lender) having an aggregate value (as determined in accordance with Section 2.2 hereof) sufficient to result in the remaining Consignment Facility Indebtedness or Copper Consignment Facility Indebtedness being not more than the Consignment Limit or Copper Consignment Limit, as applicable, or (iii) engage in any combination of the actions in clauses (i) and (ii) above such that the remaining Consignment Facility Indebtedness does not exceed the Consignment Limit and the remaining Copper Consignment Facility Indebtedness does not exceed the Copper Consignment Limit. (b) Any physical return of Metal to the Metal Lender shall be at a location as determined by the Metal Lender in its sole discretion, shall be at the Customers’ expense and risk, and shall only be credited to the Customers’ account upon the Metal Lender’s assaying the value thereof, which assay shall be undertaken by the Metal Lender as soon as practicable following physical receipt of such Metal. (c) All deliveries and returns of Metal made by the Customers to the Metal Lender under this Agreement will be free of all Liens, derived in all cases from sources on the LBMA Good Delivery List or as otherwise mutually agreed, and made in accordance with the directions of the Metal Lender or, in the absence of such directions, in a commercially acceptable manner to the Metal Lender. The Customer shall bear the cost of such delivery and shall bear the risk of loss of or damage to such Consignment until delivery is made by it to the Metal Lender. -19-
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Maintenance of Consignment Limits. Section 2.9(a) of the Consignment Agreement is hereby amended and restated in its entirety to read as follows:
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Maintenance of Consignment Limits. (a) If the Gold Consignment Facility Indebtedness at any time exceeds the Gold Consignment Limit at a time when the Consignment Facility has not been terminated, the Companies shall promptly, without further notice or demand by HSBC, deliver to HSBC, at its designated pool accounts, loco London or through a recognized third party acceptable to HSBC, Gold having an aggregate Value sufficient to result in the remaining Gold Consignment Facility Indebtedness being not more than the Gold Consignment Limit or, in the alternative, make payment to HSBC, as provided in Paragraph 2.4 of Exhibit B, for consigned Gold having an aggregate Value sufficient to result in the remaining Gold. Consignment Facility Indebtedness being not more than the Gold Consignment Limit.
Sample 1
Maintenance of Consignment Limits. (a) If the Gold Indebtedness at any time exceeds the Gold Consignment Limit or if the Copper Indebtedness at any time exceeds the Copper Consignment Limit, then the Customers will promptly, without further notice or demand by either Metal Lender:
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Related to Maintenance of Consignment Limits

  • 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 Silicon in writing of any material loss or damage to the Collateral.

  • Maintenance of Collateral Accounts Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) hereof.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • Special Covenants With Respect to Equipment and Inventory Each Grantor shall:

  • Application of Collateral and Proceeds The proceeds of any sale of, or other realization upon, all or any part of the Collateral shall be applied in the following order of priorities:

  • Collateral Protection Expenses Preservation of Collateral (a) If an Event of Default shall have occurred and be continuing, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees. Each Grantor agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to any Grantor to make any such expenditures, nor shall the making thereof relieve any Grantor of any default.

  • Maintenance of Records by Lenders Each Lender shall maintain in accordance with its usual practice records evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts and Currency of principal and interest payable and paid to such Lender from time to time hereunder.

  • Financing Statements and Other Filings; Maintenance of Perfected Security Interest Each Grantor represents and warrants that the only filings, registrations and recordings necessary to perfect the security interest granted by each Grantor to the Agent (for the benefit of the Secured Parties and, to the extent provided for in Section 10.1, for the benefit of the 2037 ASC Debentures Holders) pursuant to this Security Agreement in respect of the Collateral in which the security interest may be perfected by such filings, recording and registration are listed on Schedule II hereto. Each Grantor represents and warrants that all such filings, registrations and recordings have been delivered to the Agent in completed and, to the extent necessary or appropriate, duly executed form for filing in each governmental, municipal or other office specified in Schedule II. Each Grantor agrees that at the sole cost and expense of the Grantors, (i) such Grantor will maintain the security interest created by this Security Agreement in the Collateral as a perfected security interest subject to no Liens other than Permitted Liens and shall defend such security interest against the claims and demands of all Persons (other than with respect to Permitted Liens), (ii) such Grantor shall furnish to the Agent from time to time such other reports in connection with the Collateral as the Agent may reasonably request, all in reasonable detail and (iii) at any time and from time to time, upon the reasonable written request of the Agent, such Grantor shall promptly and duly execute and deliver, and file and have recorded, such further instruments and documents and take such further action as the Agent may reasonably request, including the filing of any financing statements, continuation statements and other documents (including this Security Agreement) under the UCC (or other applicable Laws) in effect in any United States jurisdiction with respect to the security interest created hereby and the execution and delivery of Control Agreements, all in form reasonably satisfactory to the Agent and in such offices (including, without limitation, the United States Patent and Trademark Office and the United States Copyright Office) wherever required by applicable Law in each case to perfect, continue and maintain a valid, enforceable, first priority security interest (subject to Permitted Liens having priority under applicable Law and the Liens of the ABL Collateral Agent in the ABL Priority Collateral as provided herein) and to preserve the other rights and interests granted to the Agent hereunder, as against the Grantors and third parties (other than with respect to Permitted Liens), with respect to the Collateral.

  • Additional Provisions Concerning the Collateral (a) To the maximum extent permitted by applicable law, and for the purpose of taking any action that the Collateral Agent may deem necessary or advisable to accomplish the purposes of this Agreement, each Grantor hereby (i) authorizes the Collateral Agent to execute any such agreements, instruments or other documents in such Grantor’s name and to file such agreements, instruments or other documents in such Grantor’s name and in any appropriate filing office, (ii) authorizes the Collateral Agent at any time and from time to time to file, one or more financing or continuation statements, and amendments thereto, relating to the Collateral (including, without limitation, any such financing statements that (A) describe the Collateral as “all assets” or “all personal property” (or words of similar effect) or that describe or identify the Collateral by type or in any other manner as the Collateral Agent may determine regardless of whether any particular asset of such Grantor falls within the scope of Article 9 of the Code or whether any particular asset of such Grantor constitutes part of the Collateral, and (B) contain any other information required by Part 5 of Article 9 of the Code for the sufficiency or filing office acceptance of any financing statement, continuation statement or amendment, including, without limitation, whether such Grantor is an organization, the type of organization and any organizational identification number issued to such Grantor) and (iii) ratifies such authorization to the extent that the Collateral Agent has filed any such financing or continuation statements, or amendments thereto, prior to the date hereof. A photocopy or other reproduction of this Agreement or any financing statement covering the Collateral or any part thereof shall be sufficient as a financing statement where permitted by law.

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