Common use of USE AND VERIFICATION OF COLLATERAL Clause in Contracts

USE AND VERIFICATION OF COLLATERAL. The Guarantor may, until default, possess, operate, collect, use and enjoy, and deal with the Collateral in the ordinary course of the Guarantor's business in any manner not inconsistent with the provisions of this Agreement; provided always that the Secured Party shall have the right 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. The Guarantor 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 purposes 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 Guarantor.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Trident Brands Inc), Purchase Agreement (Trident Brands Inc), Purchase Agreement (Trident Brands Inc)

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USE AND VERIFICATION OF COLLATERAL. The Each Guarantor may, until default, possess, operate, collect, use and enjoy, and deal with the Collateral in the ordinary course of the Guarantor's ’s business in any manner not inconsistent with the provisions of this Agreement; provided always that the Secured Party shall have the right 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. The Each Guarantor 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 purposes 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 Guarantor.

Appears in 1 contract

Samples: General Security Agreement (Liquid Media Group Ltd.)

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USE AND VERIFICATION OF COLLATERAL. The Guarantor may, until default, possess, operate, collect, use and enjoy, and deal with the Collateral in the ordinary course of the GuarantorGuarantor 's business in any manner not inconsistent with the provisions of this Agreement; provided always that the Secured Party shall have the right 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. The Guarantor 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 purposes 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 Guarantor.

Appears in 1 contract

Samples: General Security Agreement (Lithium Exploration Group, Inc.)

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