Monitoring of Collateral Sample Clauses

Monitoring of Collateral. The Prepetition Agent and the DIP Agent, and their respective consultants and advisors, shall be given reasonable access to the Debtors’ books, records, assets and properties for purposes of monitoring the Debtors’ business and the value of the DIP Collateral, and shall be permitted to conduct, at their discretion and at the Debtors’ cost and expense, field audits, collateral examinations and inventory appraisals at reasonable times in respect of the DIP Collateral.
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Monitoring of Collateral. Administrator will monitor the Collateral held by BMO for the benefit of Client’s Lenders and will maintain a ledger reflecting the Collateral attributable to each Lender. Client shall provide Administrator with information on each Lender, including address, email, account information and payment instructions in the event of receipt of Collateral by Lenders. Client shall provide Administrator with a daily schedule listing each open securities loan under Client’s FPL Program (the “Collateral Schedule”). The Collateral Schedule shall list each Lender with an open securities loan under the FPL Program, the details of such loan and the amount of Collateral attributable to each such Lender. The Collateral Schedule shall be furnished to the Administrator no later than 9:30 pm Eastern time on each business day when the New York Stock Exchange is open for trading (“Business Day”). Administrator shall link Client’s Assigned Account to Administrator’s BMO Bank Online Banking for Business (“OLBB”) or other internet-based service accounts or profiles established by Administrator with Bank. Administrator shall assign permissions to grant individual users established by Administrator with the authority to access and transact with respect to the Assigned Account (“Users”) as described in the Account Agreement. Administrator warrants that it may utilize the link to Client’s Assigned Account solely for the purposes outlined in this Agreement and the Account Agreement. Administrator further warrants that Users will be restricted to Administrator personnel. Client may set forth on the Collateral Schedule any proposed increase or decrease in required Collateral under SEC Rule 15c3-3. On a daily basis, Administrator shall reconcile the Collateral Schedule received from Client with the Custody Account statement furnished by BMO under the Control Agreement (the “Account Statement”). Administrator shall promptly notify Client if, based on its review of the Collateral Schedule and the Account Statement, additional Collateral is required from Client, or excess Collateral is available for delivery to Client. Such notification shall be provided by the Administrator to Client no later than 12:00 noon Eastern time on the next Business Day. If on any Business Day, the Client fails to provide the ledger in accordance with this section, the Collateral Schedule for such Business Day shall be the Collateral Schedule in effect as of the immediately preceding Business Day until the Client, wi...
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Monitoring of Collateral. During normal business hours and after advanced written notice to the Debtors’ counsel (email shall suffice), the Prepetition Secured Parties, the DIP Facility Agent and the DIP Lenders, and their representatives, consultants and advisors, shall be given reasonable access to the Debtors’ books, records, assets and properties for purposes of monitoring the Debtors’ business and the value of the DIP Collateral, and shall be permitted to conduct, at their discretion and at the Debtors’ cost and expense, field audits, collateral examinations and inventory appraisals in respect of the DIP Collateral.
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Monitoring of Collateral. The Prepetition First Lien Term Loan Agent, the Prepetition First Lien ABL Agent and the DIP Agent and their advisors and representatives, shall be given reasonable access to the Debtors’ books, records, assets and properties for purposes of monitoring the Debtors’ businesses and the value of the DIP Collateral as required under and in all circumstances in accordance with the DIP Loan Documents.
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Monitoring of Collateral. The Prepetition Agent shall be permitted to retain expert consultants and financial advisors at the expense of the Debtors, which consultants and advisors shall be given reasonable access for purposes of monitoring the business of the Debtors and the value of the DIP Collateral; and
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Related to Monitoring of Collateral

  • Inspection of Collateral Lender and Lender's designated representatives and agents shall have the right at all reasonable times to examine and inspect the Collateral wherever located.

  • 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.

  • Removal of Collateral Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.

  • Locations of Collateral (a) Properties Owned by the Grantor: (b) Properties Leased by the Grantor or other related entity (Include Landlord’s Name): (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee):

  • Types of Collateral None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber.

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

  • Preservation of Collateral Following the occurrence of a Default or Event of Default, in addition to the rights and remedies set forth in Section 11.1 hereof, Agent: (a) may at any time take such steps as Agent deems necessary to protect Agent’s interest in and to preserve the Collateral, including the hiring of such security guards or the placing of other security protection measures as Agent may deem appropriate; (b) may employ and maintain at any of any Borrower’s premises a custodian who shall have full authority to do all acts necessary to protect Agent’s interests in the Collateral; (c) may lease warehouse facilities to which Agent may move all or part of the Collateral; (d) may use any Borrower’s owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Collateral; and (e) shall have, and is hereby granted, a right of ingress and egress to the places where the Collateral is located, and may proceed over and through any of Borrowers’ owned or leased property. Each Borrower shall cooperate fully with all of Agent’s efforts to preserve the Collateral and will take such actions to preserve the Collateral as Agent may direct. All of Agent’s expenses of preserving the Collateral, including any expenses relating to the bonding of a custodian, shall be charged to Borrowers’ Account as a Revolving Advance maintained as a Domestic Rate Loan and added to the Obligations.

  • Location of Collateral All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by Borrowers at the business locations set forth in Schedule 8.6.1, except that Borrowers may (a) make sales or other dispositions of Collateral in accordance with Section 10.2.6; and (b) move Collateral to another location in the United States, upon 30 Business Days prior written notice to Agent.

  • Servicer to Maintain Perfection and Priority The Servicer covenants that, in order to evidence the interests of CNHCR and Issuing Entity under this Agreement, Servicer shall take such action, or execute and deliver such instruments as may be necessary or advisable (including, without limitation, such actions as are requested by Issuing Entity) to maintain and perfect, as a first priority interest, Issuing Entity’s security interest in the Receivables. Servicer shall, from time to time and within the time limits established by law, prepare and present to Issuing Entity for Issuing Entity to authorize the Servicer to file all financing statements, amendments, continuations, financing statements in lieu of a continuation statement, terminations, partial terminations, releases or partial releases, or any other filings necessary or advisable to continue, maintain and perfect the Issuing Entity’s security interest in the Receivables as a first-priority interest (each a “Filing”). Issuing Entity shall promptly authorize in writing Servicer to, and Servicer shall, effect such Filing under the Uniform Commercial Code without the signature of CNHCR or Issuing Entity where allowed by applicable law.

  • Impairment of Collateral Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

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