Common use of Unlawful Uses of Collateral Clause in Contracts

Unlawful Uses of Collateral. Debtor will not use or permit any person to use the Collateral in a manner prohibited by law, in violation of any insurance policy or in any manner inconsistent with Lender's security interest.

Appears in 3 contracts

Samples: Note and Security Agreement (HLM Design Inc), Security Agreement (Murdock Communications Corp), Note and Security Agreement (HLM Design Inc)

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Unlawful Uses of Collateral. Debtor will not use or permit any person to use the Collateral in a manner prohibited by law, or in violation of any insurance policy of insurance, or in any manner inconsistent with Lender's security interestthe interest of the Secured Party.

Appears in 1 contract

Samples: Master Lease Agreement (Southwall Technologies Inc /De/)

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