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 California, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 8 contracts

Samples: Commercial Security Agreement (Heritage Global Inc.), Commercial Security Agreement (Heritage Global Inc.), Security Agreement (Eaco Corp)

AutoNDA by SimpleDocs

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 CaliforniaTexas, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 6 contracts

Samples: Security Agreement (Applied Optoelectronics, Inc.), Security Agreement (Applied Optoelectronics, Inc.), Security Agreement (Applied Optoelectronics, 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 California, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 3 contracts

Samples: Security Agreement (Bona Film Group LTD), Business Loan Agreement (Broadway Financial Corp \De\), Business Loan Agreement (Niku Corp)

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 that would require application for certificates of title for the vehicles outside the State of California, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Amphastar Pharmaceuticals, 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 CaliforniaArizona, 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 (MedAire, Inc.)

AutoNDA by SimpleDocs

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 California, without Lender'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 (Amphastar Pharmaceuticals, 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 action, which would require application for certificates of title for the vehicles outside the State of CaliforniaTexas, 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 (Collegiate Pacific Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.