Common use of Use and Removal of the Collateral Clause in Contracts

Use and Removal of the Collateral. Debtor shall not use the Collateral illegally. Debtor shall not, unless previously indicated as a fixture, permit the Collateral to be affixed to real or personal property without the prior written consent of Bank. Debtor shall not permit any of the Collateral to be removed from the locations specified herein without the prior written consent of Bank, except for the sale of inventory in the ordinary course of business.

Appears in 9 contracts

Samples: Security Agreement (Fountain Powerboat Industries Inc), Security Agreement (Inspire Insurance Solutions Inc), Security Agreement (Inspire Insurance Solutions Inc)

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Use and Removal of the Collateral. Debtor shall not use the Collateral illegally. Debtor shall not, unless previously indicated as a fixture, permit the Collateral to be affixed to real or personal property without the prior written consent of BankLender. Debtor shall not permit any of the Collateral to be removed from the locations specified herein without the prior written consent of BankLender, except for the sale of inventory in the ordinary course of business.

Appears in 8 contracts

Samples: Security Agreement (Tri-S Security Corp), Loan Agreement (Medical Technology Systems Inc /De/), Security Agreement (Florida Public Utilities Co)

Use and Removal of the Collateral. Debtor shall not use the Collateral illegally. Debtor shall not, unless previously indicated as a fixture, permit the Collateral to be affixed to real or personal property without the prior written consent of BankSecured Party. Debtor shall not permit any of the Collateral to be removed from the locations specified herein without the prior written consent of BankSecured Party, except for the sale of inventory in the ordinary course of business.

Appears in 2 contracts

Samples: Security Agreement (Fountain Powerboat Industries Inc), Security Agreement (Axis Technologies Group Inc)

Use and Removal of the Collateral. Debtor shall not use the Collateral illegally. Debtor shall not, unless previously indicated as a fixture, permit the Collateral to be affixed to real or personal property without the prior written consent of BankSecured Party. Debtor shall not permit any of the Collateral to be removed from the locations specified herein without the prior written consent of BankSecured Party, except for the sale of inventory in the ordinary course of businessbusiness or except as otherwise permitted by the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Apollo Resources International Inc)

Use and Removal of the Collateral. Debtor shall not use the Collateral illegally. Debtor shall not, unless previously indicated as a fixture, permit the Collateral to be affixed to real or personal property without the prior written consent of Bank. Debtor shall not permit any of the Collateral to be removed from the locations specified herein without the prior written consent of cof Bank, except for the sale of inventory in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (Rent a Wreck of America Inc)

Use and Removal of the Collateral. Debtor shall not use the Collateral illegally. Debtor shall not, unless previously indicated as a fixture, permit the Collateral to be affixed to real or personal property without the prior written consent of Bank. Debtor shall not permit any of the Collateral to be removed from the locations specified herein without the prior written consent of Bank, except for the sale of inventory in the ordinary course of business.consent

Appears in 1 contract

Samples: Security Agreement (Petmed Express Inc)

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Use and Removal of the Collateral. Debtor shall not use the Collateral illegally. Debtor shall not, unless previously indicated as a fixture, permit the Collateral to be affixed to real or personal property without the prior written consent of Bank. Debtor shall not permit any of the Approved: 07/01/95 Revised: 05/29/96 Collateral to be removed from the locations specified herein without the prior written consent of Bank, except for the sale of inventory in the ordinary course of business.

Appears in 1 contract

Samples: Security Agreement (Closure Medical Corp)

Use and Removal of the Collateral. Debtor shall not use the Collateral illegally. Debtor shall not, unless previously indicated as a fixture, permit the Collateral to be affixed to real or personal property without the prior written consent of Bank. Debtor shall not permit any of the Collateral to be removed from the locations specified herein without the prior written consent of BankLender, except for the sale of inventory in the ordinary course of businessbusiness and thereupon Debtor will comply with the provisions set forth in paragraph 5(f) herein, if applicable.

Appears in 1 contract

Samples: Security Agreement (Innovative Food Holdings Inc)

Use and Removal of the Collateral. No Debtor shall not use the Collateral illegally. No Debtor shall not, unless previously indicated as a fixture, permit the Collateral to be affixed to real or personal property without the prior written consent of Bank. Debtor shall not permit any of the Collateral to be removed from the locations specified herein without the prior written consent of BankLender, except for the sale of inventory in the ordinary course of businessbusiness and thereupon Debtors will comply with the provisions set forth in paragraph S(t) herein, if applicable.

Appears in 1 contract

Samples: Security Agreement (Innovative Food Holdings Inc)

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