Common use of USE AND VERIFICATION OF COLLATERAL Clause in Contracts

USE AND VERIFICATION OF COLLATERAL. Subject to compliance with the Debtor's covenants contained herein and clause 10 hereof, the Debtor may, until default, possess, operate, collect, use, and enjoy and deal with the Collateral in the ordinary course of the Debtor's business in any manner not inconsistent with the provisions hereof; provided always that the Secured Party shall have the right upon reasonable request at any time and from time to time to verify the existence and state of the Collateral in any manner the Secured Party may consider appropriate and the Debtor agrees to furnish all assistance and information and to perform all such acts as the Secured Party may reasonably request in connection therewith and for such purpose to grant to the Secured Party or its agents access to all places where the Collateral may be located and to all premises occupied by the Debtor.

Appears in 2 contracts

Samples: Exchange Agreement (Voice Mobility International Inc), Security Agreement (Voice Mobility International Inc)

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USE AND VERIFICATION OF COLLATERAL. Subject to compliance with the Debtor's ’s covenants contained herein in this Agreement and clause 10 hereofcompliance with paragraph 11 of this Agreement, the Debtor may, until default, possess, operate, collect, useuse and enjoy, and enjoy and deal with the Collateral in the ordinary course of the Debtor's ’s business in any manner not inconsistent with the provisions hereofof this Agreement; provided always that the Secured Party shall have the right upon reasonable request at any time and from time to time to verify the existence and state of the Collateral in any manner the Secured Party may consider appropriate and the appropriate. The Debtor agrees to furnish all assistance and information and to perform all such acts as the Secured Party may reasonably request in connection therewith therewith, and for such purpose to grant to the Secured Party or its agents access to all places where the Collateral may be located and to all premises occupied by the Debtor.

Appears in 2 contracts

Samples: Loan Agreement (Niocorp Developments LTD), Security Agreement (Search by HEADLINES.COM Corp.)

USE AND VERIFICATION OF COLLATERAL. Subject to compliance with the Debtor's covenants contained herein in this Agreement and clause 10 hereofcompliance with paragraph 11 of this Agreement, the Debtor may, until default, possess, operate, collect, useuse and enjoy, and enjoy and and* deal with the Collateral in the ordinary course of the Debtor's business in any manner not inconsistent with the provisions hereofof this Agreement; provided always that the Secured Party shall have the right upon reasonable request at any time and from time to time to verify the existence and state of the Collateral in any manner the Secured Party may consider appropriate and the appropriate. The Debtor agrees to furnish all assistance and information and to perform all such acts as the Secured Party may reasonably request in connection therewith therewith, and for such purpose to grant to the Secured Party or its agents access to all places where the Collateral may be located and to all premises occupied by the Debtor.

Appears in 2 contracts

Samples: Security Agreement (Pine Valley Mining Corp), Security Agreement (Pine Valley Mining Corp)

USE AND VERIFICATION OF COLLATERAL. 12. Subject to compliance with the Debtor's covenants contained herein and clause specifically including paragraphs 10 and 11 hereof, the Debtor may, until default, possess, operate, collect, use, use and enjoy and deal with the Collateral in the ordinary course of the Debtor's business in any manner not inconsistent with the provisions hereof; provided always that the Secured Party shall have the right upon reasonable request at any time during normal business hours and from time to time to verify the existence and state of the Collateral in any manner the Secured Party may consider appropriate and the Debtor agrees to furnish all assistance and information and to perform all such acts as the Secured Party may reasonably request in connection therewith and for such purpose to grant to the Secured Party or its agents access to all places where the Collateral may be located and to all premises occupied by the Debtor.

Appears in 2 contracts

Samples: Security Agreement (Identica Holdings Corp), Security Agreement (Eroomsystem Technologies Inc)

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USE AND VERIFICATION OF COLLATERAL. Subject to compliance with the Debtor's covenants contained herein in this Agreement and clause 10 hereofcompliance with paragraph 11 of this Agreement, the Debtor may, until default, possess, operate, collect, useuse and enjoy, and enjoy and deal with the Collateral in the ordinary course of the Debtor's business in any manner not inconsistent with the provisions hereofof this Agreement; provided always that the Secured Party shall have the right upon reasonable request at any time and from time to time to verify the existence and state of the Collateral in any manner the Secured Party may consider appropriate and the appropriate. The Debtor agrees to furnish all assistance and information and to perform all such acts as the Secured Party may reasonably request in connection therewith therewith, and for such purpose to grant to the Secured Party or its agents access to all places where the Collateral may be located and to all premises occupied by the Debtor.

Appears in 2 contracts

Samples: General Security Agreement (Niocorp Developments LTD), General Security Agreement (Placer Del Mar, Ltd.)

USE AND VERIFICATION OF COLLATERAL. Subject to compliance with the Debtor's ’s covenants contained herein and clause 10 Clause 7 hereof, the Debtor may, until defaultDefault, possess, operate, collect, use, use and enjoy and deal with the Collateral in the ordinary course of the Debtor's ’s business in any manner not inconsistent with the provisions hereof; , provided always that the Secured Party shall have the right upon reasonable request at any time and from time to time to verify the existence and state of the Collateral in any manner that the Secured Party may consider appropriate and the Debtor agrees to furnish all assistance and information and to perform all such acts as the Secured Party may reasonably request in connection therewith and for such purpose to grant to the Secured Party or its agents access to all places where the Collateral may be located and to all premises occupied by the Debtor.,

Appears in 1 contract

Samples: Memorandum of Agreement (Wescorp Energy Inc)

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