Common use of Possession and Management of the Collateral Clause in Contracts

Possession and Management of the Collateral. 7.1 The collateral shall be possessed and managed by Party A. Party A shall maintain the integrity of the collateral and shall not impair the value of the collateral through improper utilization. Party B is entitled to supervise the possession and management of the collateral.

Appears in 3 contracts

Samples: Las Vegas Resorts Corp, Las Vegas Resorts Corp, Las Vegas Resorts Corp

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Possession and Management of the Collateral. 7.1 The collateral shall be possessed and managed by Party A. Party A shall maintain the integrity of the collateral and shall not impair the value of the collateral through improper utilization. Party B is entitled to supervise the possession and management of the collateral.;

Appears in 1 contract

Samples: Certified Technologies Corp

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