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.
Appears in 3 contracts
Samples: Credit and Security Agreement (Lifecore Biomedical Inc), Credit and Security Agreement (Premiumwear Inc), Credit and Security Agreement (Cryenco Sciences Inc)
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.;
Appears in 2 contracts
Samples: Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Rainbow Rentals Inc)
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.. (l)
Appears in 1 contract
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 Borrowers shall have previously advised the Lender such goods will be used. The Borrower agrees Borrowers agree that such goods will not, unless the Lender shall otherwise consent in writing, be used outside the continental United States or in Louisiana.
Appears in 1 contract
Samples: Credit and Security Agreement (Simon Transportation Services Inc)
