Common use of USE OF COLLATERAL; LICENSES; REPAIR Clause in Contracts

USE OF COLLATERAL; LICENSES; REPAIR. The Collateral shall be tolerated by competent, qualified personnel in connection with the Borrower's business purposes, for the purpose for which the Collateral was designed and in accordance with applicable operating instructions, laws, and government regulations in all material respects, and the Borrower shall use every reasonable precaution to prevent loss or damage to the Collateral from fire and other hazards. The Collateral shall not be used or operated for personal, family, or household purposes. The Borrower shall procure and maintain in effect all orders, licenses, certificates, permits, approvals, and consents required by federal, state, or local laws or by any governmental body, agency, or authority in connection with the delivery, installation, use, and operation of the Collateral, except where failure to do so would not have a Material Adverse Effect on the Borrower. The Borrower shall keep all of the Equipment in a satisfactory state of repair and satisfactory operating condition in accordance with industry standards, subject to normal wear and tear, and will make all repairs and replacements when and where necessary and practical. The Borrower will not waste or destroy the Equipment or any part thereof, and will use reasonable care in the use thereof. The Equipment shall not be annexed or affixed to or become part of any realty without the Lender's prior written consent.

USE OF COLLATERAL; LICENSES; REPAIR. The Collateral shall be tolerated operated by competent, qualified personnel in connection with the Borrower's business purposes, for the purpose for which the Collateral was designed and in all material respects in accordance with applicable operating instructions, laws, and government regulations in all material respectsregulations, and the Borrower shall use every take reasonable precaution steps to prevent loss or damage to the Collateral from fire and other hazards. The Collateral shall not be used or operated for personal, family, or household purposes. The Borrower shall procure and maintain in effect all orders, licenses, certificates, permits, approvals, and consents required by federal, state, or local laws or by any governmental body, agency, or authority in connection with the delivery, installation, use, and operation of the Collateral, Collateral except where failure to do so for such failures which would not be reasonably expected to have a Material Adverse Effect on the Borrower. The Borrower shall keep all of the Equipment in a satisfactory state of repair and satisfactory operating condition in accordance with industry standards, subject to normal wear and tear, and will make all repairs and replacements when and where necessary and practical. The Borrower will not waste or destroy the Equipment or any part thereof, and will use reasonable care not be negligent in the care or use thereof. The Equipment shall not be annexed or affixed to or become part of any realty without the Lender's prior written consent.

USE OF COLLATERAL; LICENSES; REPAIR. The Collateral shall be tolerated operated by competent, qualified personnel as determined by Borrower in its good faith business judgment, in connection with the Borrower's business purposes, for the purpose for which the Collateral was designed and in accordance with applicable operating instructions, laws, and government regulations in all material respectsregulations, and the Borrower shall use every commercially reasonable precaution to prevent loss or damage to the Collateral from fire and other hazards. The Collateral shall not be used or operated for personal, family, or household purposes. The Borrower shall procure and maintain in effect all material orders, licenses, certificates, permits, approvals, and consents required by federal, state, or local laws or by any governmental body, agency, or authority in connection with the delivery, installation, use, and operation of the Collateral, except where failure to do so would not have a Material Adverse Effect on the Borrower. The Borrower shall keep all of the Equipment in a satisfactory state of repair and satisfactory operating condition in accordance with industry standards, subject to normal wear and tear, and will make all repairs and replacements when and where necessary and practicalpractical as determined by Borrower in its good faith business judgment. The Borrower will not waste or destroy the Equipment or any part thereof, and will use reasonable care not be negligent in the care or use thereof. The Equipment shall not be annexed or affixed to or become part of any realty without the Lender's prior written consent, which consent shall not be unreasonably withheld.