Common use of Nature of Collateral Clause in Contracts

Nature of Collateral. Except in the ordinary course of such Obligor’s business, at all times maintain the Collateral as personal property and not affix any of the Collateral having a value in excess of $1,000,000 to any Real Property in a manner which would change its nature from personal property to Real Property or a Fixture to Real Property, unless such Obligor shall then be in compliance with the provisions of the Loan Documents in respect of the granting and maintenance of a perfected Lien on such Fixture or Real Property.

Nature of Collateral. Except in the ordinary course of such Obligor’s business, at At all times maintain the Collateral with a fair market value (as reasonably determined by the Borrowers) in excess of $250,000 as personal property and not affix any of the such Collateral having a value in excess of $1,000,000 to any Real Property real property in a manner which would change its nature from personal property to Real Property real property or a Fixture to Real Propertyreal property, unless such Obligor the Administrative Agent shall then be in compliance with the provisions of the Loan Documents in respect of the granting and maintenance of have a perfected Lien on such Fixture or Real Propertyreal property.

Nature of Collateral. Except in the ordinary course of such Obligor’s business, at At all times maintain the Collateral valued in excess of $1,000,000 as personal property and not affix any of the Collateral having a value in excess of $1,000,000 to any Real Property real property in a manner which would change its nature from personal property to Real Property real property or a Fixture to Real Propertyreal property, unless such Obligor the Administrative Agent shall then be in compliance with the provisions of the Loan Documents in respect of the granting and maintenance of have a perfected Lien on such Fixture or Real Propertyreal property.

Nature of Collateral. Except in the ordinary course of such Obligor’s businessWith respect to personal property Collateral with a value equal to or greater than One Hundred Thousand Dollars ($100,000), at all times maintain the such Collateral as personal property and not affix any of such the Collateral having a value in excess of $1,000,000 to any Real Property real property in a manner which would change its nature from personal property to Real Property real property or a Fixture to Real Propertyreal property, unless such Obligor the Administrative Agent shall then be in compliance with the provisions of the Loan Documents in respect of the granting and maintenance of have a perfected Lien on such Fixture or Real Propertyreal property.

Nature of Collateral. Except in the ordinary course of such Obligor’s business, at At all times maintain the Collateral, other than Collateral consisting of Fixtures or real property, as personal property and not affix any of the Collateral having a value in excess of $1,000,000 to any Real Property real property in a manner which would change its nature from personal property to Real Property real property or a Fixture to Real Propertyreal property, unless such Obligor the Administrative Agent shall then be in compliance with the provisions of the Loan Documents in respect of the granting and maintenance of have a perfected Lien on such Fixture or Real Propertyreal property or the aggregate value of Collateral so affixed is less than $250,000.