Common use of USE AND VERIFICATION OF COLLATERAL Clause in Contracts

USE AND VERIFICATION OF COLLATERAL. Subject to compliance with Debtor's covenants contained herein and Clause 7 hereof, Debtor may, until default, possess, operate, collect, use and enjoy and deal with Collateral in the ordinary course of Debtor's business in any manner not inconsistent with the provisions hereof; provided always that RBC shall have the right at any time and from time to time to verify the existence and state of the Collateral in any manner RBC may consider appropriate and Debtor agrees to furnish all assistance and information and to perform all such acts as RBC may reasonably request in connection therewith and for such purpose to grant to RBC or its agents access to all places where Collateral may be located and to all premises occupied by Debtor.

Appears in 5 contracts

Samples: General Security Agreement (DecisionPoint Systems, Inc.), General Security Agreement (DecisionPoint Systems, Inc.), General Security Agreement (Most Home Corp)

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USE AND VERIFICATION OF COLLATERAL. Subject to compliance with Debtor's covenants contained herein and Clause 7 hereof, Debtor may, until default, possess, operate, collect, use and enjoy and deal with Collateral in the ordinary course of Debtor's business in any manner not inconsistent with the provisions hereof; hereof provided always that RBC shall have the right at any time and from time to time to verify the existence and state of the Collateral in any manner RBC may consider appropriate and Debtor agrees to furnish all assistance and information and to perform all such acts as RBC may reasonably request in connection therewith and for such purpose to grant to RBC PRO or its agents access to all places where Collateral may be located and to all premises occupied by Debtor.

Appears in 4 contracts

Samples: Demand Loan Financing Agreement, Demand Loan Financing Agreement (Ideal Accents Inc), Demand Loan Financing Agreement (Ideal Accents Inc)

USE AND VERIFICATION OF COLLATERAL. Subject to compliance with Debtor's ’s covenants contained herein and Clause 7 hereof, Debtor may, until default, possess, operate, collect, use and enjoy and deal with Collateral in the ordinary course of Debtor's ’s business in any manner not inconsistent with the provisions hereof; provided always that RBC shall have the right at any time and from time to time to verify the existence and state of the Collateral in any manner RBC may consider appropriate and Debtor agrees to furnish all assistance and information and to perform all such acts as RBC may reasonably request in connection therewith and for such purpose to grant to RBC or its agents access to all places where Collateral may be located and to all premises occupied by Debtor.

Appears in 3 contracts

Samples: General Security Agreement (API Technologies Corp.), General Security Agreement (VeriChip CORP), General Security Agreement (Spectrum Signal Processing Inc)

USE AND VERIFICATION OF COLLATERAL. Subject to compliance with Debtor's covenants contained herein and Clause 7 hereof, Debtor may, until default, possess, operate, collect, use and enjoy and deal with Collateral in the ordinary course of Debtor's business in any manner not inconsistent with the provisions hereof; provided always that RBC shall have the right at any time and from time to time to verify the existence and state of the Collateral in any manner matter RBC may consider appropriate and Debtor agrees to furnish all assistance and information and to perform all such acts as RBC may reasonably request in connection therewith and for such purpose to grant to RBC or its agents access to all places where Collateral may be located and to all premises occupied by Debtor.

Appears in 2 contracts

Samples: General Security Agreement (Thomas Equipment, Inc.), General Security Agreement (Thomas Equipment, Inc.)

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USE AND VERIFICATION OF COLLATERAL. Subject to compliance with Debtor's ’s covenants contained herein and Clause 7 hereof, Debtor may, until default, possess, operate, collect, use and enjoy and deal with Collateral in the ordinary course of Debtor's ’s business in any manner not inconsistent with the provisions hereof; provided always that RBC shall have the right at or any time and from time to time to verify the existence and state of the Collateral in any manner RBC may consider appropriate and Debtor agrees to furnish all assistance and information and to perform all such acts as RBC may reasonably request in connection therewith and for such purpose to grant to RBC or its agents access to all places where Collateral may be located and to all premises occupied by Debtor.

Appears in 2 contracts

Samples: General Security Agreement (VeriChip CORP), General Security Agreement (Applied Digital Solutions Inc)

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