MOVEABLE COLLATERAL Sample Clauses

MOVEABLE COLLATERAL. If any of the Collateral or Third Party Collateral shall consist of goods of a type normally used in more than one state, whether or not actually so used, any use of any such goods in any state other than a state in which the Borrower shall have previously advised the Lender such goods will be used. The Borrower agrees that such goods will not, unless the Lender shall otherwise consent in writing, be used outside the continental United States or in Louisiana.
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MOVEABLE COLLATERAL. If any of the Collateral or Third Party Collateral consists of goods of a type normally used in more than one state, whether or not actually so used, any use of any such goods in any state other than a state in which Borrower shall have previously advised Lender such goods will be used. Borrower agrees that such goods will not, unless Lender shall otherwise consent in writing, be used outside the continental United States;
Sample 1
MOVEABLE COLLATERAL. If any of the Collateral shall consist of Equipment of a type normally used in more than one state, whether or not actually so used, the change in location of any use of any such Equipment in any state other than a state in which Borrower or the applicable Obligor shall have previously advised Agent such Equipment will be used. Borrower agrees that such Equipment will not, unless Agent shall otherwise consent in writing, be used outside the continental United States;
Sample 1
MOVEABLE COLLATERAL. With respect to any equipment of a Company of a type normally used in more than one state, whether or not actually so used, the change in location of any use of any such equipment in any state other than a state in which such Company shall have previously advised Agent such equipment will be used. Borrower agrees that such equipment will not, unless Agent shall otherwise consent in writing, be used outside the continental United States;
Sample 1
MOVEABLE COLLATERAL. If any of the Collateral or Third Party Collateral shall consist of goods of a type -77- 86 normally used in more than one state, whether or not actually so used, any use of any such goods in any state other than a state in which the Loan Parties shall have previously advised Lender such goods will be used. The Loan Parties agree that such goods will not, unless Lender shall otherwise consent in writing, be used outside the continental United States; (b) Change in Management or Line(s) of Business. Any substantial change in the senior management of any Loan Party or any Subsidiary of any Loan Party, or any change in the line(s) of business of any Loan Party or any Subsidiary of any Loan Party; and
Sample 1

Related to MOVEABLE COLLATERAL

  • Assemble Collateral Lender may require Grantor to deliver to Lender all or any portion of the Collateral and any and all certificates of title and other documents relating to the Collateral. Lender may require Grantor to assemble the Collateral and make it available to Lender at a place to be designated by Lender. Lender also shall have full power to enter upon the property of Grantor to take possession of and remove the Collateral. If the Collateral contains other goods not covered by this Agreement at the time of repossession, Grantor agrees Lender may take such other goods, provided that Lender makes reasonable efforts to return them to Grantor after repossession.

  • Eligible Collateral (a) As used herein the term “

  • Real Estate Collateral The Borrowers shall, and shall cause their respective Subsidiaries to, deliver to the Collateral Agent as soon as practicable and in any event within 90 calendar days after the Incremental Loan Funding Date (or such longer period as the Collateral Agent may agree in its sole discretion), (a) an amendment to each Mortgage encumbering the Mortgaged Properties in form suitable for recording that shall provide such Mortgage remains in full force and effect and continues to secure the Obligations, as amended by this Incremental Amendment, which mortgage amendment shall be in form and substance reasonably acceptable to the Collateral Agent and its counsel in all respects, (b) endorsements to the mortgagee’s title insurance policies reflecting the amendment to the insured Mortgage as well as a date down endorsement in respect of each of the Mortgaged Properties, reflecting that there are no encumbrances affecting the Mortgaged Properties except as permitted under the Credit Agreement, and in each case in form and substance reasonably satisfactory to the Collateral Agent, (c) a customary opinion of local counsel in each jurisdiction in which a Mortgage Property is located for the benefit of the Collateral Agent with respect to the enforceability of the Mortgages as amended, together with such other opinions as the Collateral Agent shall require, and in form and substance reasonably acceptable to the Collateral Agent and (d) such further documents, instruments, acts or agreements as the Collateral Agent may reasonably request to affirm, secure, renew or perfect the liens of the Mortgages as amended; provided that if and to the extent that on or prior to the Incremental Loan Funding Date the Borrowers deliver to the Collateral Agent (x) an opinion of local counsel in form and substance reasonably acceptable to the Collateral Agent affirming that no amendment to an existing Mortgage is necessary for such Mortgage to remain in full force and effect and to secure the Obligations, as modified by the transactions contemplated by this Incremental Amendment, as well as (y) a title report (or title update) showing no Liens, other than Liens permitted by the applicable Mortgage, have arisen with respect to such property since the date of the latest title policy or date-down endorsement, then the Collateral Agent will accept such deliveries in lieu of the requirements set forth in clauses (a) through (d) of this sentence with respect to such property. All of the actions referenced above shall be taken, and documents referenced above shall be delivered, at the sole expense of the Borrowers, including any recording charges, taxes, or other associated costs related thereto.

  • Personal Property Collateral The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent:

  • Collateral The Collateral for this Note includes the Funding Agreement and the Guarantee specified on the face hereof.

  • Negotiable Collateral In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, and if and to the extent that perfection or priority of Agent's security interest is dependent on or enhanced by possession, the applicable Borrower, immediately upon the request of Agent, shall endorse and deliver physical possession of such Negotiable Collateral to Agent.

  • Real Property Collateral The Administrative Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent:

  • Property and Equipment (a) The Company has good and valid title to, or in the case of leased property has valid leasehold interests in, all property and assets (whether real or personal, tangible or intangible) reflected on the Balance Sheet or acquired after the Balance Sheet Date. None of such properties or assets is subject to any Liens, except:

  • Personal Property 16 5.15 Significant Customers; Material Contracts and Commitments.......16 5.16

  • Personal Property Requirements The Collateral Agent shall have received:

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