Common use of Operation of Collateral Clause in Contracts

Operation of Collateral. Operate, utilize, recondition and/or refurbish (at the Secured Party's sole option and discretion and in any manner) any of the Collateral which is Equipment, for the purpose of enhancing or preserving the value thereof or the value of any other Collateral.

Appears in 3 contracts

Samples: Security Agreement (Neose Technologies Inc), Security Agreement (Central Sprinkler Corp), Security Agreement (Entrade Inc)

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Operation of Collateral. Operate, utilize, recondition and/or ------------------------ refurbish (at the Secured Party's sole option and discretion and in any manner) any of the Collateral which is Equipment, for the purpose of enhancing or preserving the value thereof or the value of any other Collateral.

Appears in 1 contract

Samples: Security Agreement (Astropower Inc)

Operation of Collateral. Operate, utilize, recondition and/or refurbish (at the Secured Party's sole option and discretion and in any manner) any of the Collateral which that is Equipment, for the purpose of enhancing or preserving the value thereof or the value of any other Collateral.

Appears in 1 contract

Samples: Security Agreement (Integra Lifesciences Holdings Corp)

Operation of Collateral. Operate, utilize, recondition utilize and/or refurbish (at the Secured Party's sole option and discretion and in any manner) any of the Collateral which is Equipment, for the purpose of enhancing or preserving the value thereof or the value of any other Collateral.

Appears in 1 contract

Samples: Security Agreement (Trimedia Entertainment Group Inc)

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Operation of Collateral. Operate, utilize, recondition and/or refurbish (at the Secured Party's ’s sole option and discretion and in any manner) any of the Collateral which is Equipment, for the purpose of enhancing or preserving the value thereof or the value of any other Collateral.

Appears in 1 contract

Samples: Stock Purchase Agreement (Firstplus Financial Group Inc)

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