Common use of Preparation of Collateral Clause in Contracts

Preparation of Collateral. The Lender may complete processing, manufacturing or repair all or any part of the Collateral prior to a disposition and, for such purpose and for the purpose of removal, the Lender shall have the right to use Borrower's premises, vehicles, hoists, lifts, cranes, equipment and all other property without charge. The Lender may sell, ship, reclaim, lease or otherwise dispose of all or any part of the Collateral in its condition at the time the Lender obtains possession of such Collateral or after further manufacturing, processing, or repair.

Preparation of Collateral. The Lender may complete processing, manufacturing or repair all or any part of the Collateral prior to a disposition and, for such purpose and for the purpose of removal, the Lender shall have the right to use Borrower's Debtor’s premises, vehicles, hoists, lifts, cranes, equipment and all other property without charge. The Lender may sell, ship, reclaim, lease or otherwise dispose of all or any part of the Collateral in its condition at the time the Lender obtains possession of such Collateral or after further manufacturing, processing, or repair.

Preparation of Collateral. The Lender may complete processing, manufacturing or repair all or any part of the Collateral prior to a disposition and, for such purpose and for the purpose of removal, the Lender shall have the right to use BorrowerDebtor's premises, vehicles, hoists, lifts, cranes, equipment and all other property without charge. The Lender may sell, ship, reclaim, lease or otherwise dispose of all or any part of the Collateral in its condition at the time the Lender obtains possession of such Collateral or after further manufacturing, processing, or repair.