Common use of Use of Collateral Clause in Contracts

Use of Collateral. Debtor will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 17 contracts

Samples: Security Agreement (Xa, Inc.), Security Agreement (Xa, Inc.), Security Agreement (Manhattan Pharmaceuticals Inc)

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Use of Collateral. Debtor will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statutestatue, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 6 contracts

Samples: Security Agreement (Avitar Inc /De/), Security Agreement (Donini Inc), Security Agreement (PCS Research Technology Inc)

Use of Collateral. Debtor will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statutelaw, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 3 contracts

Samples: Security Agreement (Cherokee International Corp), Security Agreement (Cherokee International Corp), Purchase Agreement (Team Communications Group Inc)

Use of Collateral. Debtor will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 3 contracts

Samples: Security Agreement (Smartserv Online Inc), Security Agreement (Cherokee International Finance Inc), Security Agreement (Avatar Systems Inc)

Use of Collateral. Debtor will not use or permit any Collateral to be ----------------- used unlawfully or in violation of any provision of this Security Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 3 contracts

Samples: Security Agreement (Xa, Inc.), Security Agreement (Xa, Inc.), Security Agreement (Xa, Inc.)

Use of Collateral. Debtor will not use or permit any Collateral to be used unlawfully or in violation in any material respect of any provision of this Security Agreement or any applicable law, statute, ordinance, regulation or ordinance administrative order, or any policy of insurance covering any of the Collateralsuffer it to be so used.

Appears in 3 contracts

Samples: Security Agreement (HWCC Shreveport Inc), Intercompany Security Agreement (HWCC Shreveport Inc), Security Agreement (HCS Ii Inc)

Use of Collateral. Debtor will not use or permit any Collateral to be used unlawfully or in ----------------- violation in any material respect of any provision of this Security Agreement or any applicable law, statute, ordinance, regulation or ordinance administrative order, or any policy of insurance covering any of the Collateralsuffer it to be so used.

Appears in 2 contracts

Samples: Security Agreement (HWCC Shreveport Inc), Intercompany Security Agreement (HWCC Shreveport Inc)

Use of Collateral. Debtor Borrower will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statutestatue, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 2 contracts

Samples: Security Agreement (Dove Entertainment Inc), Security Agreement (Protection One Alarm Monitoring Inc)

Use of Collateral. Debtor No Borrower will not use or permit any Collateral to ----------------- be used unlawfully or in violation of any provision of this Security Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Opinion Research Corp)

Use of Collateral. Debtor and Subsidiary will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statutestatue, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: Secured Convertible Debenture Purchase Agreement (American International Petroleum Corp /Nv/)

Use of Collateral. Such Debtor will not use or permit any Collateral to be used used, sold, possessed, dispensed or disposed of unlawfully or in violation of any provision of this Security Agreement or where such use, sale, possession, dispensation or disposal would have a material adverse effect on said Debtor’s business, operations, property or condition in violation of any applicable statute, regulation or ordinance or of any license, permit or registration of such Debtor or any of its affiliates or subsidiaries or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Wakefield Cable Communications LTD)

Use of Collateral. Debtor Debtors will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statutelaw, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Cita Biomedical Inc)

Use of Collateral. Debtor Debtors will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering the Collateral or any provision of applicable laws, rules, regulations and orders of any Governmental Authority as now in effect and which may be imposed in the future in all jurisdictions in which such Debtor or any of its Subsidiaries is now doing business or may hereafter be doing business, other than those laws the Collateralnoncompliance with which could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Choice One Communications Inc)

Use of Collateral. Debtor Borrower will not use or permit any Collateral ----------------- to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering any of the Collateral, except to the extent that such use or violation could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (MCG Capital Corp)

Use of Collateral. No Debtor will not use or permit any Collateral to be ----------------- used unlawfully or in violation of any provision of this Security Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Opinion Research Corp)

Use of Collateral. Debtor will not Not to use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement Loan Agreement, any other agreement with Emergent related hereto or any applicable statute, regulation regulation, or ordinance or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Group Inc)

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Use of Collateral. Debtor will not use or permit any Primary Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statutelaw, regulation or ordinance or any policy of insurance covering any of the Primary Collateral.

Appears in 1 contract

Samples: Security Agreement (Zix Corp)

Use of Collateral. Debtor will not use or permit any its Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statutelaw, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: General Security Agreement (Ultralife Batteries Inc)

Use of Collateral. Debtor will not intentionally use or permit ----------------- any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statutelaw, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: Acknowledgment and Agreement (Andrea Electronics Corp)

Use of Collateral. Debtor will not use or permit the use of any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (BAXL Holdings, Inc.)

Use of Collateral. Debtor will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering the Collateral or any provision of applicable laws, rules, regulations and orders of any Governmental Authority as now in effect and which may be imposed in the future in all jurisdictions in which Debtor or any of its Subsidiaries is now doing business or may hereafter be doing business, other than those laws the Collateralnon-compliance with which could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Recoton Corp)

Use of Collateral. Debtor Debtors will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Ramsay Youth Services Inc)

Use of Collateral. No Debtor will not use or permit any Collateral to be used unlawfully or in violation of any provision of this Security Agreement or any applicable statutestatue, regulation or ordinance or any policy of insurance covering any of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Washington Group International Inc)

Use of Collateral. Debtor will not Not to use any Borrower Collateral, or permit any Borrower Collateral to be used used, unlawfully or in violation of any provision of this Security Agreement Agreement, any other agreement with the Lenders related hereto, or any applicable statutelaw, regulation rule, regulation, order, writ, judgment, injunction, decree or ordinance award binding on the Borrower or any policy of insurance covering affecting any of the Borrower Collateral or any contractual obligation affecting any of the Borrower Collateral.

Appears in 1 contract

Samples: Security Agreement (Cardero Resource Corp.)

Use of Collateral. Debtor will not use or permit any Collateral to be used unlawfully or in ----------------- violation of any provision of this Security Agreement or any applicable law, statute, ordinance, regulation or ordinance administrative order, or any policy of insurance covering any of the Collateralsuffer it to be so used.

Appears in 1 contract

Samples: Security Agreement (HWCC Shreveport Inc)

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