Condition of Personal Property. The inventory, equipment, fixtures and other tangible personal property and fixtures forming a part of the Collateral are in good repair and condition. All of such Collateral is located on the Land.
Appears in 7 contracts
Sources: Mortgage, Security Agreement, Assignment of Production and Proceeds, Financing Statement and Fixture Filing (Lilis Energy, Inc.), Mortgage, Security Agreement, Assignment of Production and Proceeds, Financing Statement and Fixture Filing (Recovery Energy, Inc.), Deed of Trust (Recovery Energy, Inc.)