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Provisions Applicable to the Collateral Sample Clauses

Provisions Applicable to the Collateral. The parties agree that the following provisions shall be applicable to the Collateral: (a) The Grantor covenants and agrees that at all times during the term of this Agreement it shall keep accurate and complete books and records concerning the Collateral that is now owned by the Grantor. (b) The Holders or their representatives shall have the right, upon reasonable prior written notice to a Grantor and during the regular business hours of the Grantor, to examine and inspect the Collateral and to review the books and records of the Grantor concerning the Collateral that is now owned or acquired after the date of this Agreement by the Grantor and to copy the same and make excerpts therefrom; provided, however, that from and after the occurrence of an Event of Default, the rights of inspection and entry shall be subject to the requirements of the Code. (c) The Grantor shall at all times during the term of this Agreement keep the Equipment, Inventory and Fixtures that are now owned by the Grantor in the states set forth on Schedule I or, upon written notice to the Collateral Agent, at such other locations for which the Holders have filed financing statements, and in no other states without 20 days’ prior written notice to the Holders, except that the Grantor shall have the right until one or more Events of Default shall occur to sell, move or otherwise dispose of Inventory and other Collateral in the ordinary course of business. (d) The Grantor shall not move the location of its principal executive offices without prior written notification to the Collateral Agent. (e) Without the prior written consent of the Holders, the Grantor shall not sell, lease or otherwise dispose of any Equipment or Fixtures, except in the ordinary course of their business. (f) Promptly upon request of the Holders or the Collateral Agent from time to time, the Grantor shall furnish the Holders or the Collateral Agent with such information and documents regarding the Collateral and the Grantor’s financial condition, business, assets or liabilities, at such times and in such form and detail as the Holders may reasonably request. (g) During the term of this Agreement, the Grantor shall deliver to the Holders or the Collateral Agent, upon their reasonable, written request from time to time, without limitation, (i) all invoices and customer statements rendered to account debtors, documents, contracts, chattel paper, instruments and other writings pertaining to the Grantor’s contracts or t...
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Provisions Applicable to the Collateral. The parties agree that the following provisions shall be applicable to the Collateral during the term of this Security Agreement:
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Provisions Applicable to the Collateral. The parties agree that the following provisions shall be applicable to the Collateral and Debtor agrees that during the term of this Agreement:
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Provisions Applicable to the Collateral. The parties agree that the following provisions shall be applicable to the Collateral: (a) The Borrower covenants and agrees that at all times during the term of this Agreement it shall keep accurate and complete books and records concerning the Collateral that is now owned or acquired after the date of this Agreement by the Borrower. (b) The Borrower shall not move the location of its principal executive offices without prior written notification to the Lender. (c) Without the prior written consent of the Lender, the Borrower shall not sell, lease or otherwise dispose of any Equipment or Fixtures, except in the ordinary course of business. (d) Promptly upon request of the Lender from time to time, the Borrower shall furnish the Lender with such information and Documents regarding the Collateral and the Borrower’s financial condition, business, assets or liabilities, at such times and in such form and detail as the Lender may request. (e) The Borrower shall not change its name, entity status, federal taxpayer identification number, or provincial organizational or registration number, or the state under which it is organized without the prior written consent of the Lender. (f) The Borrower shall cooperate with the Lender, at the Borrower’s expense, in perfecting the Lender’s security interest in any of the Collateral, including (i) the execution of any financing statements and (ii) any control agreement(s) required in order to perfect the Lender’s security interest in the Deposit Accounts.
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Provisions Applicable to the Collateral. The parties covenant and agree that the following provisions shall be applicable to the Collateral: (a) This Security Agreement constitutes a valid and continuing lien on and security interest in the Collateral in favor of the Bank, prior to all other liens, encumbrances, security interests and rights of others arising from any acts or omissions of the Borrower, and is enforceable as such as against creditors of and purchasers from the Borrower, except those in favor of the Bank and those permitted under the Credit Agreement. (b) The Borrower covenants and agrees that at all times during the term of this Security Agreement it shall keep accurate and complete books and records concerning the Collateral that is now owned or acquired after the date of this Security Agreement by the Borrower, in accordance with generally accepted accounting principles (as such principles may change from time to time) applied on a consistent basis (except for changes in which the Borrower’s certified public accountants concur) at that facility of the Borrower located at 000 Xxxxxxxxx Xxxxxx, Xxx Xxxxxx, Xxxxxxxxxxxx 00000 and at no other location without the prior written consent of the Bank. (c) The Borrower will permit such persons as the Bank may designate to visit and examine and inspect the Collateral and to review the books and records of the Borrower concerning the Collateral that is now owned or acquired after the date of this Security Agreement by the Borrower and to copy the same and make excerpts therefrom and to discuss the Collateral with the Borrower’s officers, employees and independent accountants at such times and as often as the Bank may request; provided that so long as no Event of Default has occurred and is existing, the Bank shall give reasonable notice of such inspection to the Borrower and shall limit its inspection to the normal office hours of Borrower. The Borrower authorizes its officers, employees and independent accountants to discuss with the Bank the affairs of the Borrower. (d) The Borrower shall at all times during the term of this Security Agreement keep the Equipment, Inventory and Fixtures that are now owned or acquired after the date of this Security Agreement by the Borrower at its various locations described in Schedule 5(d) of this Security Agreement or, upon written notice to the Bank, at such other locations for which the Bank has filed financing statements and obtained warehouseman’s or landlord’s lien waivers (where applicable), and ...
Sample 1
Provisions Applicable to the Collateral. The parties agree that the following provisions shall be applicable to the Collateral: (a) The Borrowers covenant and agree that at all times during the term of this Agreement it shall keep accurate and complete books and records concerning the Collateral that is now owned or acquired after the date of this Agreement by the Borrowers at its principal place of business at 000 X. Xxxxxx-Xxxxxxx Xxxx, Suite B-101, Radnor, Pennsylvania 19087 and at no other location without the prior written consent of the Secured Party. (b) The Secured Party and its representatives shall have the right at all times during regular business hours of the Borrowers, with prior notice, to examine and inspect the Collateral and to review the books and records of the Borrowers concerning the Collateral that is now owned or acquired after the date of this Agreement by the Borrowers and to copy the same and make excerpts therefrom; provided, however, that from and after the occurrence of an Event of Default, the rights of inspection and entry shall be subject to the requirements of the Code. (c) Except as otherwise agreed by the Secured Party, the Borrowers shall at all times during the term of this Agreement keep the Equipment, Inventory and Fixtures that are now owned or acquired after the date of this Agreement by the Borrowers at its principal place of business at 000 X. Xxxxxx-Xxxxxxx Xxxx, Suite B-101, Radnor, Pennsylvania 19087, except to the extent any such Collateral is intended to be portable and not fixed to any particular location (such as portable computers, cellular phones, and other similar property), Inventory and Equipment is located at the facilities of third-party contractors and assemblers or, upon written notice to the Secured Party, at such other locations for which the Secured Party has filed financing statements, and at no other location without prior written notice to the Secured Party, except that the Borrowers shall have the right until one or more Events of Default shall occur to sell or otherwise dispose of Inventory in the ordinary course of business. (d) Except as otherwise agreed by the Secured Party, the Borrowers shall not move the location of its chief executive offices without prior written notification to the Secured Party, and shall not change its jurisdiction of formation without the prior written consent of the Secured Party. (e) Without the prior written consent of the Secured Party, such consent not to be unreasonably withheld, the Borrowers s...
Sample 1
Provisions Applicable to the Collateral. The parties agree that the following provisions shall be applicable to the Collateral: (a) The Grantor covenants and agrees that at all times during the term of this Agreement it shall keep accurate and complete books and records concerning the Collateral that is now owned by the Grantor. (b) The Holders or their representatives shall have the right, upon reasonable prior written notice to a Grantor and during the regular business hours of the Grantor, to examine and inspect the Collateral and to review the books and records of the Grantor concerning the Collateral that is now owned or acquired after the date of this Agreement by the Grantor and to copy the same and make excerpts therefrom; provided, however, that from and after the occurrence of an Event of Default, the rights of inspection and entry shall be subject to the requirements of the Code.
Sample 1
Provisions Applicable to the Collateral. The parties agree that, at all times during the term of this Agreement, the following provisions shall be applicable to the Collateral: 6.3.1 Borrower covenants and agrees that it will keep accurate and complete books and records concerning the Collateral owned or acquired by it in accordance with GAAP. 6.3.2 FINOVA shall have the right t& review the books and records of Borrower pertaining to the Collateral and to copy the same and to make excerpts therefrom, all at such reasonable times upon reasonable notice and as often as FINOVA may reasonably request. 6.3.3 Borrower shall maintain and keep its principal place of business and its chief executive office at the address set forth at the beginning of this Agreement, and at no other location without giving FINOVA at least thirty (30) days prior written notice of any move. Borrower shall maintain and keep its records concerning the Collateral at such address and at no other location without giving FINOVA at least thirty (30) days prior written notice of any move. Borrower shall keep any Equipment comprising the Collateral only at such address. Borrower may change any such location only if it has given FINOVA thirty (30) days prior written notice of the new location. Borrower may not move the Collateral without the prior written consent of FINOVA. 6.3.4 Borrower shall not sell, lease, transfer or otherwise dispose of or encumber any of the Collateral. 6.3.5 Borrower shall cause the Equipment and any other Collateral to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and shall promptly make or cause to be made all repairs, replacements and other improvements in connection therewith which are necessary or desirable to that end. 6.3.6 Borrower shall not permit any item of Equipment to become a fixture (other than a trade fixture) to real estate or an accession to other property.
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Related to Provisions Applicable to the Collateral

  • General Provisions Applicable to Loans Section 6.1 Minimum Amounts for Committed Borrowings, Conversions or Continuations and Prepayments.

  • Provisions Applicable to Certain Agreements The provisions in this section are applicable only to the types of orders specified in the first sentence of each subsection. If this Agreement is not of the type described in the first sentence of a subsection, then that subsection does not apply to the Agreement.

  • General Provisions Applicable to Loans and Letters of Credit 4.1. Interest Rates and Payment Dates 4.2. Conversion and Continuation Options 4.3. Minimum Amounts of Sets

  • Special Provisions Applicable to LIBOR Rate (i) The LIBOR Rate may be adjusted by Agent with respect to any Lender on a prospective basis to take into account any additional or increased costs to such Lender of maintaining or obtaining any eurodollar deposits or increased costs, in each case, due to changes in applicable law occurring subsequent to the commencement of the then applicable Interest Period, including any Changes in Law (including any changes in tax laws (except changes of general applicability in corporate income tax laws)) and changes in the reserve requirements imposed by the Board of Governors, which additional or increased costs would increase the cost of funding or maintaining loans bearing interest at the LIBOR Rate. In any such event, the affected Lender shall give Borrowers and Agent notice of such a determination and adjustment and Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected Lender, Borrowers may, by notice to such affected Lender (A) require such Lender to furnish to Borrowers a statement setting forth in reasonable detail the basis for adjusting such LIBOR Rate and the method for determining the amount of such adjustment, or (B) repay the LIBOR Rate Loans of such Lender with respect to which such adjustment is made (together with any amounts due under Section 2.12(b)(ii)). (ii) In the event that any change in market conditions or any Change in Law shall at any time after the date hereof, in the reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain LIBOR Rate Loans or to continue such funding or maintaining, or to determine or charge interest rates at the LIBOR Rate, such Lender shall give notice of such changed circumstances to Agent and Borrowers and Agent promptly shall transmit the notice to each other Lender and (y) in the case of any LIBOR Rate Loans of such Lender that are outstanding, the date specified in such Lender’s notice shall be deemed to be the last day of the Interest Period of such LIBOR Rate Loans, and interest upon the LIBOR Rate Loans of such Lender thereafter shall accrue interest at the rate then applicable to Base Rate Loans, and (z) Borrowers shall not be entitled to elect the LIBOR Option until such Lender determines that it would no longer be unlawful or impractical to do so.

  • Conditions Applicable to Insurance All policies of insurance required by this solicitation or any Contract resulting from this solicitation must meet the following requirements:

  • Other Provisions Applicable to Adjustments The following provisions shall be applicable to the making of adjustments of the number of shares of Common Stock into which this Warrant is exercisable and the Current Warrant Price provided for in Section 4:

  • General Conditions Applicable to Insurance All policies of insurance required by this section shall comply with the following requirements:

  • Provisions Applicable to All Transfers and Exchanges (i) Subject to the restrictions set forth in this Section 2.11, Physical Notes and beneficial interests in Global Notes may be transferred or exchanged from time to time as desired, and each such transfer or exchange will be noted by the Registrar in the Register. (ii) All Notes issued upon any registration of transfer or exchange in accordance with this Indenture will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture as the Notes surrendered upon such registration of transfer or exchange. (iii) No service charge will be imposed on any Holder of a Physical Note or any owner of a beneficial interest in a Global Note for any exchange or registration of transfer, but each of the Company, the Trustee or the Registrar may require such Holder or owner of a beneficial interest to pay a sum sufficient to cover any transfer tax, assessment or other governmental charge imposed in connection with such registration of transfer or exchange. (iv) Unless the Company specifies otherwise, none of the Company, the Trustee, the Registrar or any co-Registrar will be required to exchange or register a transfer of any Note (i) that has been surrendered for conversion or (ii) as to which a Fundamental Change Purchase Notice has been delivered and not withdrawn, except to the extent any portion of such Note is not subject to the foregoing. (v) Neither the Trustee nor any Agent will have any obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depositary participants or beneficial owners of interests in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

Most Referenced Clauses

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