Common use of Maintenance of Tangible Collateral Clause in Contracts

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. 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 's security interest as a first priority security interest on such Collateraltherein. Lender’s 's security interest attaches to all of the Collateral wherever located and Grantor’s 's failure to inform Lender of the location of any item or items of Collateral shall not impair Lender’s 's security interest thereontherein.

Maintenance of Tangible Collateral. Grantor will maintain the tangible Collateral in good condition and repairrepair (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 Lender Collateral Agent of the location or locations to which Grantor desires to remove the Collateral, Lender Collateral Agent has given its written consent to such removal, and Grantor has delivered to Lender Collateral Agent acknowledgment copies of financing statements filed where appropriate to continue the perfection of LenderCollateral Agent’s security interest as a first priority security interest on such CollateralCollateral that is junior only to the security interest of MBT pursuant to the MBT Security Agreement in all of Grantor’s assets other than the Acquired Assets and identifiable Proceeds of Acquired Assets. LenderCollateral Agent’s security interest attaches to all of the Collateral wherever located and Grantor’s failure to inform Lender Collateral Agent of the location of any item or items of Collateral shall not impair LenderCollateral Agent’s security interest thereon.