Common use of Removal of the Collateral Clause in Contracts

Removal of the Collateral. Except in the ordinary course of such Grantor’s business, including the sales of inventory, no Grantor shall remove the Collateral from its existing location without Agent’s prior written consent. To the extent that the Collateral consists of motor vehicles or other titled property, no Grantor shall take or permit any action which would require application for certificates of title for the vehicles outside the state where such Grantor’s business is located, without Agent’s prior written consent. Each Grantor shall, whenever requested, advise Agent of the exact location of the Collateral.

Removal of the Collateral. Except for transactions permitted in the ordinary course of such Grantor’s business“Transactions Involving Collateral” section below, including the sales of inventory, no Grantor shall not remove the Collateral from its existing location without Agent’s Lender's prior written consent. To the extent that the Collateral consists of motor vehicles vehicles, or other titled property, no Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the state where such Grantor’s business is locatedState of New York, without Agent’s Lender's prior written consent, which consent shall not be unreasonably withheld. Each Grantor shall, whenever requested, advise Agent Lender of the exact location of the Collateral.

Removal of the Collateral. Except for transactions permitted in the ordinary course of such Grantor’s business“Transactions Involving Collateral” section below, including the sales of inventory, no Grantor shall not remove the Collateral from its existing location without Agent’s 's prior written consent. To the extent that the Collateral consists of motor vehicles vehicles, or other titled property, no Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the state where such Grantor’s business is locatedState of New York, without Agent’s prior written consent. Each Grantor shall, whenever requested, advise Agent of the exact location of the Collateral.