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Common use of Removal of the Collateral Clause in Contracts

Removal of the Collateral. Except in the ordinary course of Xxxxxxx'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 Iowa, without Xxxxxx'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 (Arts Way Manufacturing Co Inc), Agricultural Security Agreement (Soy Energy, LLC)

Removal of the Collateral. Except in the ordinary course of Xxxxxxx'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 IowaCalifornia, without 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 (Versant Corp)

Removal of the Collateral. Except in the ordinary course of Xxxxxxx'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 IowaOhio, without 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 (Ourpets Co)

Removal of the Collateral. Except in the ordinary course of Xxxxxxx's Grantor’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 Iowa, without Xxxxxx's Lender’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 Xxxxxxx'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 IowaMinnesota, without 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 (Granite Falls Energy, LLC)

Removal of the Collateral. Except in the ordinary course of Xxxxxxx'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 IowaColorado, without Xxxxxx's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Samples: Promissory Note (Ourpets Co)

Removal of the Collateral. Except in the ordinary course of Xxxxxxx's Grantor’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 Iowa, without Xxxxxx's ’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 Xxxxxxx's Grantor’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 Iowa, without Xxxxxx'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 Xxxxxxx'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 Iowa, without XxxxxxLender'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.)