Common use of Tangible Collateral Clause in Contracts

Tangible Collateral. With respect to the Equipment, Inventory, Documents, and Fixtures (collectively, the "Tangible Collateral"): (a) The Tangible Collateral is and will be used primarily for business purposes. (b) All Tangible Collateral is and will be kept at the address set forth next to Debtor's signature hereto. (c) Debtor has and will maintain insurance on and with respect to the Tangible Collateral against loss or damage by fire, theft and such other risks as are customarily insured against by persons similarly situated to Debtor, in such amounts, with such insurers and under policies in such form as shall be satisfactory to the Secured Party. The Secured Party shall be named as a loss payee on all such policies, and all such policies shall provide that they are not cancellable without thirty (30) days' prior written notice to the Secured Party. Debtor shall, if requested by the Secured Party, obtain and deliver to the Secured Party, from time to time, satisfactory original or duplicate policies or certificates of insurance, including any endorsements, to evidence Debtor's satisfaction of the insurance requirements hereunder. In the event of loss or damage with respect to any or all of the Tangible Collateral, the Secured Party shall have the right to collect any and all insurance upon the Tangible Collateral and to apply the same at its option to any of the Obligations, whether or not matured, or to the replacement, restoration or repair of any or all of the Tangible Collateral. (d) None of the Collateral is or will be affixed to real estate unless Debtor has furnished to Secured Party such consents, waivers or disclaimers as are necessary to make Secured Party's security interest in such of the Collateral valid against persons or entities holding an interest in such real estate.

Tangible Collateral. With respect to the Equipment, Inventory, Documents, and Fixtures Inventory (collectively, the "“Tangible Collateral"”): (a) The Debtor will not remove the Tangible Collateral from such locations (except for sales of Inventory in the ordinary course of the Debtor’s business) without the prior written consent of the Secured Party. Without in any way excusing a breach of the foregoing sentence by the Debtor, if for any reason (except for sales of the Tangible Collateral in the ordinary course of the Debtor’s business) any of the Tangible Collateral is at any time moved to a location other than as permitted in this Agreement, the Debtor will promptly notify the Secured Party of such change in the location of such Tangible Collateral and will be used primarily for business purposesexecute and deliver such financing statements and other instruments and do such acts and things as the Secured Party may request pursuant to Section 11 hereof. (b) All Tangible Collateral is and will be kept at the address set forth next to Debtor's signature hereto. (c) The Debtor has and will maintain insurance on and with respect to the Tangible Collateral against loss or damage by fire, theft and such other risks as are customarily insured against by persons similarly situated to the Debtor, in such amounts, with such insurers and under policies in such form as shall be satisfactory to the Secured Party. The Secured Party shall be named as a loss payee on all such policies, and all such policies shall provide that they are not cancellable without thirty (30) days' ’ prior written notice to the Secured Party. The Debtor shall, if requested by the Secured Party, obtain and deliver to the Secured Party, from time to time, satisfactory original or duplicate policies or certificates of insurance, including any endorsements, to evidence the Debtor's ’s satisfaction of the insurance requirements hereunder. In the event of loss or damage with respect to any or all of the Tangible Collateral, the Secured Party shall have the right to collect any and all insurance upon the Tangible Collateral and to apply the same at its option to any of the Obligations, whether or not matured, or to the replacement, restoration or repair of any or all of the Tangible Collateral. (d) None of the Collateral is or will be affixed to real estate unless Debtor has furnished to Secured Party such consents, waivers or disclaimers as are necessary to make Secured Party's security interest in such of the Collateral valid against persons or entities holding an interest in such real estate.

Tangible Collateral. With respect to the Equipment, Inventory, Documents, and Fixtures (collectively, the "Tangible Collateral"): (a) The Tangible Collateral is and will be used primarily for business purposes. (b) All Tangible Collateral is and will be kept at the address set forth next to the Debtor's signature heretohereto or at Debtor's other offices. (c) The Debtor has and will maintain insurance on and with respect to the Tangible Collateral against loss or damage by fire, theft and such other risks as are customarily insured against by persons similarly situated to the Debtor, in such amounts, with such insurers and under policies in such form as shall be satisfactory to the Secured Party. The Secured Party shall be named as a loss payee on all such policies, and all such policies shall provide that they are not cancellable without thirty (30) days' prior written notice to the Secured Party. The Debtor shall, if requested by the Secured Party, obtain and deliver to the Secured Party, from time to time, satisfactory original or duplicate policies or certificates of insurance, including any endorsements, to evidence the Debtor's satisfaction of the insurance requirements hereunder. In the event of loss or damage with respect to any or all of the Tangible Collateral, the Secured Party shall have the right to collect any and all insurance upon the Tangible Collateral and to apply the same at its option to any of the Obligations, whether or not matured, or to the replacement, restoration or repair of any or all of the Tangible Collateral. (d) None of the Collateral is or will be affixed to real estate unless the Debtor has furnished to the Secured Party such consents, waivers or disclaimers as are necessary to make the Secured Party's security interest in such of the Collateral valid against persons or entities holding an interest in such real estate.

Tangible Collateral. With respect to the Equipment, Inventory, Documents, and Fixtures Inventory (collectively, the "“Tangible Collateral"”): (a) The Debtor will not remove the Tangible Collateral from such locations (except for sales of Inventory in the ordinary course of the Debtor's business) without the prior written consent of the Secured Party. Without in any way excusing a breach of the foregoing sentence by the Debtor, if for any reason (except for sales of the Tangible Collateral in the ordinary course of the Debtor's business) any of the Tangible Collateral is at any time moved to a location other than as permitted in this Agreement, the Debtor will promptly notify the Secured Party of such change in the location of such Tangible Collateral and will be used primarily for business purposesexecute and deliver such financing statements and other instruments and do such acts and things as the Secured Party may request pursuant to Section 11 hereof. (b) All Tangible Collateral is and will be kept at the address set forth next to Debtor's signature hereto. (c) The Debtor has and will maintain insurance on and with respect to the Tangible Collateral against loss or damage by fire, theft and such other risks as are customarily insured against by persons similarly situated to the Debtor, in such amounts, with such insurers and under policies in such form as shall be satisfactory to the Secured Party. The Secured Party shall be named as a loss payee on all such policies, and all such policies shall provide that they are not cancellable without thirty (30) days' ’ prior written notice to the Secured Party. The Debtor shall, if requested by the Secured Party, obtain and deliver to the Secured Party, from time to time, satisfactory original or duplicate policies or certificates of insurance, including any endorsements, to evidence the Debtor's ’s satisfaction of the insurance requirements hereunder. In the event of loss or damage with respect to any or all of the Tangible Collateral, the Secured Party shall have the right to collect any and all insurance upon the Tangible Collateral and to apply the same at its option to any of the Obligations, whether or not matured, or to the replacement, restoration or repair of any or all of the Tangible Collateral. (d) None of the Collateral is or will be affixed to real estate unless Debtor has furnished to Secured Party such consents, waivers or disclaimers as are necessary to make Secured Party's security interest in such of the Collateral valid against persons or entities holding an interest in such real estate.