Common use of Removal of Collateral Clause in Contracts

Removal of Collateral. Remove, or cause or permit to be removed, any of the Collateral or other Property from the premises where such Collateral or Property is currently located and as set forth on Schedule 5.14, 5.15 or 5.16 of this Agreement, except for sales of Inventory in the ordinary course of business as currently conducted and except as provided in Sections 5.14, 5.15 or 5.16.

Appears in 3 contracts

Samples: Loan Agreement (Hudson Technologies Inc /Ny), Loan Agreement (Hudson Technologies Inc /Ny), Revolving Loan Agreement (Hudson Technologies Inc /Ny)

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Removal of Collateral. Remove, or cause or permit to be removed, any of the Collateral or other Property assets from the premises where such Collateral or Property is currently located and as set forth on Schedule 5.14, 5.15 or 5.16 of this Agreement7.15 hereof, except for sales of Inventory in the ordinary course of business as currently conducted and except as provided in Sections 5.14, 5.15 or 5.16unless otherwise expressly permitted under the terms of this Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (A Consulting Team Inc)

Removal of Collateral. Remove, or cause or permit to be removed, any of the Collateral or other Property assets from the premises where such Collateral or Property is currently located and as set forth on Schedule 5.14, 5.15 or 5.16 of this Agreement7.15 and Schedule 7.16 hereof, except for sales of Inventory in the ordinary course of business as currently conducted and except as provided in Sections 5.14, 5.15 or 5.16unless otherwise expressly permitted under the terms of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.)

Removal of Collateral. Remove, or cause or permit to be removed, any of the Collateral or other Property from the premises where such Collateral or Property is currently located and as set forth on Schedule 5.14, 5.15 or 5.16 of this Agreement, except for sales of Inventory in the ordinary course of business as currently conducted and except as provided in Sections 5.14, 5.15 or 5.16business.

Appears in 1 contract

Samples: Loan Agreement (Iec Electronics Corp)

Removal of Collateral. Remove, or cause or permit to be removed, any of the Collateral or other Property assets from the premises where such Collateral or Property is currently located and as set forth on Schedule 5.14, 5.15 or 5.16 of this Agreement7.15 hereof, except for sales of Inventory in the ordinary course of business as currently conducted and except as provided in Sections 5.14, 5.15 or 5.16business.

Appears in 1 contract

Samples: Loan and Security Agreement (Afp Imaging Corp)

Removal of Collateral. Remove, or cause or permit to be removed, any of the Collateral or other Property assets from the premises where such Collateral or Property is currently located and as set forth identified on Schedule 5.14, 5.15 or 5.16 of 1 to this AgreementAgreement (as supplemented from time to time by Borrower), except for sales of Inventory in the ordinary course of business as currently conducted and except as provided in Sections 5.14, 5.15 or 5.16business.

Appears in 1 contract

Samples: Loan and Security Agreement (Community Distributors Inc)

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Removal of Collateral. Remove, or cause or permit to be removed, any of the Collateral or other Property from the premises where such Collateral or Property is currently located and as set forth on Schedule Schedules 5.14, 5.15 or 5.16 of this Agreement, except for sales of Inventory in the ordinary course of business as currently conducted and except as provided in Sections 5.14, 5.15 or 5.16business.

Appears in 1 contract

Samples: Revolving Loan Agreement (Hirsch International Corp)

Removal of Collateral. Remove, or cause or permit to be removed, any of the Collateral or other Property assets from the premises where such Collateral or Property is currently located and as set forth identified on Schedule 5.14, 5.15 or 5.16 of 5.13 to this Agreement, except for sales of Inventory in the ordinary course of business as currently conducted and except as provided in Sections 5.14, 5.15 or 5.16business.

Appears in 1 contract

Samples: Loan and Security Agreement (NQL Inc)

Removal of Collateral. Remove, or cause or permit to be removed, any of the Collateral or other Property from the premises where such Collateral or Property is currently located and as set forth on Schedule 5.14, 5.15 or 5.16 of this Agreementdescribed in the Disclosure Schedule, except (a) for sales of Inventory in the ordinary course of Borrower’s business as currently conducted and except as provided in Sections 5.14, 5.15 or 5.16.on the Effective Date,

Appears in 1 contract

Samples: Loan and Security Agreement (iGambit, Inc.)

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