Collateral Control. Except for Collateral that is of a type that is moved from location to location in the ordinary course of business and other Collateral located at any one location having a value not in excess of Fifty Thousand Dollars ($50,000), Borrower shall keep all items of Collateral at (i) Borrower’s facility located at the address specified in Section 12.06, (ii) the locations specified in the Perfection and Disclosure Certificate, (iii) any supplier’s, warehouse or storage facility located outside the United States, or, if the bailee shall have executed a bailee agreement reasonably acceptable to Agent (unless Agent waives such requirement in writing), within the United States, or (iv) such other places reasonably agreed to in writing by Agent subject to any conditions reasonably imposed by Agent. Borrower shall furnish to Agent from time to time such statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as Agent may reasonably request, all in reasonable detail.
Appears in 2 contracts
Sources: Loan and Security Agreement (Mavenir Systems Inc), Loan and Security Agreement (Mavenir Systems Inc)