Maintenance of Tangible Collateral. The Company will cause the tangible Collateral material to the conduct of its business to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and in accordance with any manufacturer's manual, and shall forthwith, or, in the case of any loss or damage to any of the tangible Collateral as quickly as practicable after the occurrence thereof, make or cause to be made all repairs, replacements, and other improvements which are necessary or desirable to such end. The Company shall promptly furnish to the Administrative Agent a statement respecting any loss or damage to any of the tangible Collateral.
Maintenance of Tangible Collateral. Grantor will maintain the tangible Collateral in good condition and repair. At the time of attachment and perfection of the security interest granted pursuant hereto and thereafter, all tangible Collateral will be located and will be maintained only at locations where the Lender can perfect its security interest by the filing of a financing statement with the Minnesota Secretary of State. Except as otherwise permitted by Section 3.3 or by the proviso clause to this Section. Grantor will not remove such Collateral from such locations unless, prior to any such removal, Grantor has given written notice to Lender of the location or locations to which Grantor desires to remove the Collateral, Lender has given its written consent to such removal, and Grantor has delivered to Lender acknowledgment copies of financing statements (or comparable filings in Canada) filed where appropriate to continue the perfection of Lender’s security interest as a first priority security interest on such Collateral; provided, however, that Grantor may remove Equipment to foreign jurisdictions (other than Canada) so long as the aggregate fair market value of all Equipment located in such foreign jurisdictions does not exceed $250,000.00 for the Borrowers on a combined basis. Lender’s security interest attaches to all of the Collateral wherever located and Grantor’s failure to inform Lender of the location of any item or items of Collateral shall not impair Lender’s security interest thereon.
Maintenance of Tangible Collateral. Grantor will maintain the tangible Collateral in good condition and repair. At the time of attachment and perfection of the security interest granted pursuant hereto and thereafter, all tangible Collateral will be located and will be maintained only at the locations set forth on Exhibit A hereto. Except as otherwise permitted by Section 3.3, Grantor will not remove such Collateral from such locations unless, prior to any such removal, Grantor has given written notice to Lender of the location or locations to which Grantor desires to remove the Collateral, Lender has given its written consent to such removal, and Grantor has delivered to Lender acknowledgment copies of financing statements filed where appropriate to continue the perfection of Lender’s security interest as a first priority security interest on such Collateral. Lender’s security interest attaches to all of the Collateral wherever located and Grantor’s failure to inform Lender of the location of any item or items of Collateral shall not impair Lender’s security interest thereon.
Maintenance of Tangible Collateral. The Debtor will maintain the tangible Collateral in good condition and repair. At the time of attachment and perfection of the security interest granted pursuant hereto and thereafter, all tangible Collateral will be located and will be maintained only at the locations set forth on Exhibit B hereto. Except as otherwise permitted by Section 3.4, the Debtor will not remove such Collateral from such locations unless, prior to any such removal, the Debtor has given written notice to the Lender of the location or locations to which the Debtor desires to remove the Collateral, the Lender has given its written consent to such removal, and the Debtor has delivered to the Lender acknowledgment copies of financing statements filed where appropriate to continue the perfection of the security interest granted hereunder as a first priority security interest therein. The Lender’s security interest attaches to all of the Collateral wherever located and the Debtor’s failure to inform the Lender of the location of any item or items of Collateral shall not impair the Lender’s security interest therein. The Debtor hereby authorizes the Lender to file the financing statement in the form set forth in Exhibit C.
Maintenance of Tangible Collateral. Such Grantor will cause the tangible Collateral material to the conduct of its business to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and in accordance with any manufacturer's manual, and shall forthwith, or, in the case of any loss or damage to any of the tangible Collateral as quickly as practicable after the occurrence thereof, make
Maintenance of Tangible Collateral. The Debtor will cause the tangible Collateral material to the conduct of its business to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and in accordance with any manufacturer's manual, and shall forthwith, or, in the case of any loss or damage to any of the tangible Collateral as quickly as practicable after the occurrence thereof, make or cause to be made all repairs, replacements, and other improvements which are necessary or
Maintenance of Tangible Collateral. Grantor will maintain the tangible Collateral in good condition and repair (reasonable wear and tear excepted). At the time of attachment and perfection of the security interest granted pursuant hereto and thereafter, all tangible Collateral will be located and will be maintained only at the locations set forth on Exhibit A hereto. Except as otherwise permitted by Section 3.3, Grantor will not remove such Collateral from such locations unless, prior to any such removal, Grantor has given written notice to Secured Party of the location or locations to which Grantor desires to remove the Collateral, Secured Party has given its written consent to such removal, and Grantor has delivered to Secured Party acknowledgment copies of financing statements filed where appropriate to continue the perfection of Secured Party’s security interest as a first priority security interest on such Collateral. Secured Party’s security interest attaches to all of the Collateral wherever located and Grantor’s failure to inform Secured Party of the location of any item or items of Collateral shall not impair Secured Party’s security interest thereon.
Maintenance of Tangible Collateral. The Company will cause the tangible Collateral material to the conduct of its business to be maintained and preserved in good repair, working order and condition and from time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto
Maintenance of Tangible Collateral. The Subsidiary will cause the tangible Collateral to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and in accordance with any manufacturer's manual, and shall forthwith, or, in the case of any loss or damage to any of the tangible Collateral as quickly as practicable after the occurrence thereof, make or cause to be made all repairs, replacements, and other improvements made in connection therewith which are necessary or desirable to such end. The Subsidiary shall promptly furnish to Newco a statement respecting any loss or damage to any of the tangible Collateral.
Maintenance of Tangible Collateral. Each Grantor will maintain the tangible Collateral in good condition and repair (ordinary wear and tear excepted). At the time of attachment and perfection of the security interest granted pursuant hereto and thereafter, all tangible Collateral will be located and will be maintained only at the locations set forth on Exhibit A hereto (other than Collateral in transit, temporarily in possession of employees or principals of the Loan Parties, out for repair or maintenance, that is Inventory but not Eligible Inventory, or at locations where the total value of the Collateral does not exceed $100,000.00). Except for Collateral in transit, temporarily in possession of employees or principals of the Loan Parties, out for repair or maintenance, that is Inventory but not Eligible Inventory or at locations where the total value of the Collateral does not exceed $100,000.00 and except as otherwise permitted by Section 3.3, such Grantor will not remove such Collateral from such locations unless, prior to any such removal, such Grantor has given written notice to Lender of the location or locations to which such Grantor desires to remove such Collateral, Lender has given its written consent to such removal, and such Grantor has delivered to Lender acknowledgment copies of financing statements filed where appropriate to continue the perfection of Xxxxxx’s security interest as a first priority security interest on such Collateral. Xxxxxx’s security interest attaches to all of the Collateral wherever located and Grantor’s failure to inform Lender of the location of any item or items of Collateral shall not impair Lender’s security interest thereon. 3.6
