Common use of Removal of the Collateral Clause in Contracts

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New Jersey, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 4 contracts

Samples: Commercial Security Agreement (Dynasil Corp of America), Loan Agreement (Dewey Electronics Corp), Commercial Security Agreement (Stronghold Technologies Inc)

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Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOhio, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 4 contracts

Samples: Commercial Security Agreement (Pinnacle Data Systems Inc), Commercial Security Agreement (Ourpets Co), Security Agreement (Ourpets Co)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyUtah, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 3 contracts

Samples: Commercial Security Agreement (Naco Industries Inc), Commercial Security Agreement (Dynatronics Corp), Remote MDX Inc

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyMinnesota, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 3 contracts

Samples: Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Heron Lake BioEnergy, LLC), Commercial Security Agreement (ProUroCare Medical Inc.)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyMinnesota, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Samples: Commercial Security Agreement (Electromed, Inc.), Commercial Security Agreement (Broadview Institute Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOhio other than in the ordinary course of business, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Samples: Commercial Security Agreement (Miscor Group, Ltd.), Commercial Security Agreement (Miscor Group, Ltd.)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Samples: Security Agreement (AMERICAN POWER GROUP Corp), Commercial Security Agreement (Macc Private Equities Inc)

Removal of the Collateral. Except in the ordinary course of GrantorXxxxxxx's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without LenderXxxxxx's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Samples: Security Agreement (Arts Way Manufacturing Co Inc), Agricultural Security Agreement (Soy Energy, LLC)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyNebraska, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Samples: Commercial Security Agreement (Husker Ag Processing LLC), Security Agreement (Husker Ag Processing LLC)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without Lender's Lxxxxx’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Removal of the Collateral. Except in the ordinary course of GrantorXxxxxxx's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOhio, without LenderXxxxxx's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Ourpets Co)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIllinois, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Eaco Corp)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventoryInventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State Commonwealth of New JerseyKentucky, without Lender's Xxxxxx’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Business Loan Agreement (TX Holdings, Inc.)

Removal of the Collateral. Except in the ordinary course of Grantor's business, ’s business including the sales of inventory, . Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyDelaware, without Lender's Xxxxxx’s prior written consent. Grantor shall, whenever requested, advise active Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Natrol Inc)

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Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyMissouri, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Business Loan Agreement (Torotel Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. consent To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without Lender's ’s prior written consent. consent Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State Commonwealth of New JerseyKentucky, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Suncrest Global Energy Corp

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without Lender's Xxxxxx’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOhio, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Security Agreement (HealthWarehouse.com, Inc.)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State Commonwealth of New JerseyKentucky, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Business Loan Agreement (TX Holdings, Inc.)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of on inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOhio, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Hickok Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's businessGrantors’ respective businesses, including the sales of inventory, Grantor Grantors shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor Grantors shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without Lender's prior written consent. Grantor Grantors shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Sports Field Holdings, Inc.)

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