Common use of Possession and Assembly of Collateral Clause in Contracts

Possession and Assembly of Collateral. Lender may take possession of the Collateral and/or without removal render Borrower’s Equipment unusable. Upon Lender’s request, Borrower shall assemble the Collateral and make it available to Lender at a place or places to be designated by Lender that is reasonably convenient to Lender and Borrower.

Appears in 5 contracts

Samples: Loan and Security Agreement (Blue Star Foods Corp.), Loan and Security Agreement (Castle Brands Inc), Loan and Security Agreement (General Employment Enterprises Inc)

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Possession and Assembly of Collateral. Lender may take possession of the Collateral and/or without removal render Borrower’s 's Equipment unusable. Upon Lender’s 's request, Borrower shall assemble the Collateral and make it available to Lender at a place or places to be designated by Lender that is reasonably convenient to Lender and Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Hooper Holmes Inc)

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