Common use of Condition of Collateral Clause in Contracts

Condition of Collateral. All tangible Collateral is now in good repair and condition and the Debtor shall at all times hereafter, at its own expense, maintain all such Collateral in good repair and condition.

Appears in 14 contracts

Sources: Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Heron Lake BioEnergy, LLC)

Condition of Collateral. All tangible Collateral is now in good repair and condition and the Debtor shall at all times hereafter, at its own expense, maintain all such Collateral in good repair and condition, ordinary wear and tear excepted.

Appears in 5 contracts

Sources: Security Agreement (Mercury Inc), Security Agreement (Mercury Inc), Security Agreement (Mercury Inc)

Condition of Collateral. All tangible Collateral is now in good repair and condition and the Debtor shall at all times hereafter, at its own expense, maintain all such Collateral in good repair and condition.

Appears in 1 contract

Sources: Security Agreement (East Fork Biodiesel, LLC)