Common use of Place of Business; Location of Collateral Clause in Contracts

Place of Business; Location of Collateral. The address set forth in the heading to this Agreement is Borrower’s chief executive office. In addition, Borrower has places of business and Collateral is located only at the locations set forth in the Representations. Borrower will give Silicon at least thirty (30) days prior written notice before opening any additional place of business, changing its chief executive office, or moving any of the Collateral to a location other than Borrower’s Address or one of the locations set forth in the Representations, except that Borrower may maintain sales offices in the ordinary course of business at which not more than a total of $300,000 fair market value of Equipment is located.

Appears in 1 contract

Samples: Loan and Security Agreement (PortalPlayer, Inc.)

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Place of Business; Location of Collateral. The address set forth in the heading to this Agreement is Borrower’s 's chief executive office. In addition, Borrower has places of business and Collateral is located only at the locations set forth in the Representations. Borrower will give Silicon at least thirty (30) 30 days prior written notice before opening any additional place of business, changing its chief executive office, or moving any of the Collateral to a location other than Borrower’s 's Address or one of the locations set forth in the Representations, except that Borrower may maintain sales offices in the ordinary course of business at which not more than a total of $300,000 30,000 fair market value of Equipment is located.

Appears in 1 contract

Samples: Loan and Security Agreement (P Com Inc)

Place of Business; Location of Collateral. The address set forth in the heading to this Agreement is Borrower’s 's chief executive office. In addition, Borrower has places of business and Collateral is located only at the locations set forth in the Representations. Borrower will give Silicon at least thirty (30) days prior written notice before opening any additional place of business, changing its chief executive office, or moving any of the Collateral to a location other than Borrower’s 's Address or one of the locations set forth in the Representations, except that Borrower may maintain sales offices in the ordinary course of business at which not more than a total of $300,000 100,000 fair market value of Equipment is located.

Appears in 1 contract

Samples: Loan and Security Agreement (Axeda Systems Inc)

Place of Business; Location of Collateral. The address set forth in the heading to this Agreement is Borrower’s 's chief executive office. In addition, Borrower has places of business and Collateral is located only at the locations set forth in the Representations. Borrower will give Silicon at least thirty (30) 30 days prior written notice before opening any additional place of business, changing its chief executive office, or moving any of the Collateral to a location other than Borrower’s 's Address or one of the locations set forth in the Representations, except that Borrower may maintain sales offices in the ordinary course of business at which not more than a total of $300,000 30,000 fair market value of Equipment is located.. SILICON VALLEY BANK LOAN AND SECURITY AGREEMENT --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Loan and Security Agreement (P Com Inc)

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Place of Business; Location of Collateral. The address set forth in the heading to this Agreement is Borrower’s 's chief executive office. In addition, Borrower has places of business and Collateral is located only at the locations set forth in the Representations. Borrower will give Silicon at least thirty (30) days prior written notice before opening any additional place of business, changing its chief executive office, or moving any of the Collateral to a location other than Borrower’s 's Address or one of the locations set forth in the Representations, except that Borrower may maintain sales offices in the ordinary course of business at which not more than a total of $300,000 50,000 fair market value of Equipment is located.

Appears in 1 contract

Samples: Loan and Security Agreement (Callidus Software Inc)

Place of Business; Location of Collateral. The address set forth in the heading to this Agreement is Borrower’s 's chief executive office. In addition, Borrower has places of business and Collateral is located only at the locations set forth in the Representations. Borrower will give Silicon at least thirty (30) 30 days prior written notice before opening any additional place of business, changing its chief executive office, or moving any of the Collateral to a location other than Borrower’s 's Address or one of the locations set forth in the Representations, except that Borrower may maintain sales offices in the ordinary course of business at which not more than a total of $300,000 * fair market value of Equipment is located.LOCATED**. *$20,000 **AND BORROWER MAY MAINTAIN TOOLING IN THE ORDINARY COURSE OF BUSINESS WITH SUPPLIERS IN FOREIGN COUNTRIES

Appears in 1 contract

Samples: Loan and Security Agreement (Exabyte Corp /De/)

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