Common use of Use of Collateral Clause in Contracts

Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewith. Grantor will keep the Collateral free and clear of liens (other than Permitted Liens and restrictions created under this Agreement) and will keep it in good condition, ordinary wear and tear excepted.

Appears in 14 contracts

Samples: Security Agreement (Upland Software, Inc.), Security Agreement (Upland Software, Inc.), Security Agreement (Upland Software, Inc.)

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Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewith. Grantor will keep the Collateral free and clear of liens (and adverse claims other than Permitted Liens and, as appropriate and restrictions created under this Agreement) and applicable, will keep it in good conditioncondition and repair, ordinary wear and tear exceptedwill clean, shelter, and otherwise care for the Collateral in all such ways as are considered good practice by owners of like property.

Appears in 4 contracts

Samples: Third Party (Irvine Sensors Corp/De/), Third Party Security Agreement (Irvine Sensors Corp/De/), Subordinated Security Agreement (Irvine Sensors Corp/De/)

Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewith. Grantor Grantors will keep the Collateral free and clear of liens (other than Permitted Liens Liens) and, as appropriate and restrictions created under this Agreement) and applicable, will keep it in good conditioncondition and repair, ordinary wear and tear exceptedwill clean, shelter, and otherwise care for the Collateral in all such ways as are considered good practice by owners of like property.

Appears in 4 contracts

Samples: Security Agreement (Theglobe Com Inc), Security Agreement (E&c Capital Partners LLLP), Security Agreement (Theglobe Com Inc)

Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewith. Grantor will keep the Collateral free and clear of liens (other than Permitted Liens and restrictions created under this Agreement) adverse claims and, as appropriate and applicable, will keep it in good conditioncondition and repair, ordinary wear and tear exceptedwill clean, shelter, and otherwise care for the Collateral in all such ways as are considered good practice by owners of like property.

Appears in 1 contract

Samples: Third Party Security Agreement (Microhelix Inc)

Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewith. Grantor will keep the Collateral free and clear of liens Liens (other than Permitted Liens and restrictions created under this AgreementLiens) and adverse claims and, as appropriate and applicable, will keep it in good conditioncondition and repair, ordinary wear and tear exceptedwill clean, shelter, and otherwise care for the Collateral in all such ways as are considered good practice by owners of like property.

Appears in 1 contract

Samples: Security Agreement (Adept Technology Inc)

Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewith. Grantor will keep the Collateral free and clear of liens (other than Permitted Liens Liens) and, as appropriate and restrictions created under this Agreement) and applicable, will keep it in good conditioncondition and repair, ordinary wear and tear exceptedwill clean, shelter, and otherwise care for the Collateral in all such ways as are considered good practice by owners of like property.

Appears in 1 contract

Samples: Security Agreement (Advaxis, Inc.)

Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewith. Grantor will keep the Collateral free and clear of liens (other than Permitted Liens and restrictions created under this Agreement) adverse claims and, as appropriate and applicable, will keep it in good conditioncondition and repair, ordinary wear and tear exceptedwill clean, shelter, and otherwise care for the Collateral in all such ways as are considered good practice by owners of like property.

Appears in 1 contract

Samples: Business Financing Agreement (ADESTO TECHNOLOGIES Corp)

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Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewithpurpose. Except for Permitted Liens, the Grantor will keep the Collateral free and clear of liens (other than Permitted Liens and restrictions created under this Agreement) adverse claims and, as appropriate and applicable, will keep it in good conditioncondition and repair, ordinary wear and tear exceptedwill clean, shelter, and otherwise care for the Collateral in all such ways as are considered good practice by owners of like property.

Appears in 1 contract

Samples: Note Security Agreement (Monogram Biosciences, Inc.)

Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewith. Grantor will keep the Collateral free and clear of liens (other than except for Permitted Liens and restrictions created under this AgreementLiens) and adverse claims and, as appropriate and applicable, will keep it in good conditioncondition and repair, ordinary wear and tear exceptedwill clean, shelter, and otherwise care for the Collateral in all such ways as are considered good practice by owners of like property.

Appears in 1 contract

Samples: Third Party Security Agreement (Auriga Laboratories, Inc.)

Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewith. Other than Permitted Liens, Grantor will keep the Collateral free and clear of liens (other than Permitted Liens and restrictions created under this Agreement) adverse claims and, as appropriate and applicable, will keep it in good conditioncondition and repair, ordinary wear and tear exceptedwill clean, shelter, and otherwise care for the Collateral in all such ways as are considered good practice by owners of like property.

Appears in 1 contract

Samples: Security Agreement (Active Network Inc)

Use of Collateral. The Collateral will not be used for any unlawful purpose or in any way that will void any insurance required to be carried in connection therewith. Grantor will keep the Collateral free and clear of liens and adverse claims (other than Permitted Liens Liens) and, as appropriate and restrictions created under this Agreement) and applicable, will keep it in good conditioncondition and repair, ordinary normal wear and tear excepted, and will clean, shelter, and otherwise care for the Collateral in all such ways as are considered good practice by owners of like property.

Appears in 1 contract

Samples: Third Party Security Agreement (TorreyPines Therapeutics, Inc.)

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