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 Lender shall have the right at any time and from time to time to verify compliance by Debtor with Debtor's obligations under this Security Agreement (including through inquiries with governmental agencies) and the existence and state of the Collateral in any manner Lender may consider appropriate and Debtor agrees to furnish all assistance and information and to perform all such acts as Lender may reasonably request in connection therewith and for such purpose to grant to Lender 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 (Dynamic Gold Corp.), General Security Agreement (Dynamic Gold Corp.)

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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 Lender shall have the right at any time and from time to time to verify compliance by Debtor with Debtor's ’s obligations under this Security Agreement (including through inquiries with governmental agencies) and the existence and state of the Collateral in any manner Lender may consider appropriate and Debtor agrees to furnish all assistance and information and to perform all such acts as Lender may reasonably request in connection therewith and for such purpose to grant to Lender or its agents access to all places where Collateral may be located and to all premises occupied by Debtor.

Appears in 1 contract

Samples: General Security Agreement (Play La Inc.)

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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; provided always that Lender RBC shall have the right at any time and from time to time to verify compliance by Debtor with Debtor's obligations under this Security Agreement (including through inquiries with governmental agencies) and the existence and state of the Collateral in any manner Lender RBC may consider appropriate and Debtor agrees to furnish all assistance and information and to perform all such acts as Lender RBC may reasonably request in connection therewith and for such purpose to grant to Lender RBC or its agents access to all places where Collateral may be located and to all premises occupied by Debtor.

Appears in 1 contract

Samples: General Security Agreement (Pine Valley Mining Corp)

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