Common use of Proper Care and Inspection Clause in Contracts

Proper Care and Inspection. Debtor shall maintain the Collateral in good and saleable condition and repair, and shall clean, shelter, and otherwise deal with the Collateral in all such ways as are considered good practice by owners of like property. Debtor shall use the Collateral lawfully and only as permitted by the policies of insurance required in accordance with Paragraph 4(e)(ii), below.

Appears in 4 contracts

Samples: Security Agreement (Drinks Americas Holdings, LTD), Security Agreement (Drinks Americas Holdings, LTD), Security Agreement (Drinks Americas Holdings, LTD)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.