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

AutoNDA by SimpleDocs

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/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!