Common use of Removal and Protection of Property Clause in Contracts

Removal and Protection of Property. The Borrower will not remove (other than in the ordinary course of business) any equipment, inventory, or general intangibles from the place of business where presently located, nor permit the value of any property to be impaired or any equipment to become a fixture or an accession to other goods.

Appears in 3 contracts

Samples: Loan Agreement, Loan and Security Agreement (Dextera Surgical Inc), Loan Agreement (Cemtrex Inc)

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Removal and Protection of Property. The Except as otherwise expressly permitted ---------------------------------- herein, Borrower will not remove (other than in the ordinary course of business) any equipmentEquipment, inventoryGoods, Inventory, or general intangibles General Intangibles from the place of business where presently located, nor permit the value of any property to be impaired or any equipment to become a fixture or an accession to other goodsimpaired.

Appears in 1 contract

Samples: Line of Credit, Term Loan and Security Agreement (Orthovita Inc)

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