Common use of Conditions Affecting Collateral Clause in Contracts

Conditions Affecting Collateral. Any of the following conditions: (a) the creation or acquisition of any new Subsidiaries; (b) the movement of Inventory or books and records (excluding duplicate sets of books and records) to a location not set forth on Schedule 5.6 hereto, which as of the Closing Date lists all locations where Inventory is located (or such other location as the Borrower has identified to the Agent pursuant to this Subsection 6.3.2) other than (x) Inventory of Protection Services, Inc., ASTI Transportation Systems, Inc., Precision Solar Controls, Inc., SCI Products Inc. and Work Area Protection Corp. which at any time, is valued (at lower or cost or market in accordance with GAAP) at less than $1,000,000 in the aggregate for all such Inventory, and for all such Persons, excluded by this clause (x) at such time and (y) Inventory that is in transit; (c) the movement of Collateral that is not Inventory or books and records to a location not set forth on Schedule 5.6 (or such other location as the Borrower has identified to the Agent pursuant to this Subsection 6.