Common use of Removal of Collateral Prohibited Clause in Contracts

Removal of Collateral Prohibited. The Debtor shall not permanently remove any Collateral from its premises without the written consent of the Collateral Agent, except that the Debtor may dispose of Collateral in the ordinary course of business.

Appears in 4 contracts

Samples: Security Agreement (Digitiliti Inc), Security Agreement (Digitiliti Inc), Security Agreement (Digitiliti Inc)

AutoNDA by SimpleDocs

Removal of Collateral Prohibited. The Debtor shall not permanently remove any Collateral from its premises without the written consent of the Collateral AgentSecured Parties, except that the Debtor may dispose of Collateral in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (Alpharx Inc)

AutoNDA by SimpleDocs

Removal of Collateral Prohibited. The Debtor shall not permanently remove any the Collateral from its premises without the written consent of the Collateral Agentpremises, except that the Debtor may or otherwise dispose of Collateral it, other than utilizing it in the ordinary course of business, without the prior written consent of Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Eroom System Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!