Common use of Covenants Concerning Collateral, Etc Clause in Contracts

Covenants Concerning Collateral, Etc. Each Grantor further covenants with the Administrative Agent and the other Secured Parties as follows: (a) the Collateral, to the extent not delivered to the Administrative Agent pursuant to §4, will be kept at those locations listed on such Grantor’s Perfection Certificate and such Grantor will not remove the Collateral from such locations, without providing at least fifteen (15) days prior written notice to the Administrative Agent, except for inventory in the ordinary course of business and equipment being repaired, (b) except for the security interest herein granted and other Permitted Liens, such Grantor shall be the owner of or have other rights in the Collateral free from any right or claim of any other person or any Lien, and such Grantor shall defend the same against all claims and demands of all persons at any time claiming the same or any interests therein adverse to the Administrative Agent or any of the other Secured Parties, (c) such Grantor shall not pledge, mortgage or create, or suffer to exist any right of any person in or claim by any person to the Collateral, or any Lien in the Collateral in favor of any person, or become bound (as provided in Section 9-203(d) of the Uniform Commercial Code of the State or any other relevant jurisdiction or otherwise) by a security agreement in favor of any person as secured party, other than the Administrative Agent except for Permitted Liens, (d) such Grantor will keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon, (e) as provided in the Credit Agreement, such Grantor will permit the Administrative Agent, or its designee, to inspect the Collateral at any reasonable time, wherever located, (f) as provided in the Credit Agreement, such Grantor will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of the Collateral or incurred in connection with this Agreement, (g) such Grantor will continue to operate its business in compliance in all material respects with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances, and (h) such Grantor will not sell or otherwise dispose, or offer to sell or otherwise dispose, of the Collateral or any interest therein except as permitted by the Credit Agreement.

Covenants Concerning Collateral, Etc. Each Grantor The Company further covenants with the Administrative Agent and the other Secured Parties Lender as follows: (a) the Collateral, to the extent not delivered to the Administrative Agent Lender pursuant to §4ss.4, will be kept at those locations listed on such Grantor’s the Perfection Certificate and such Grantor the Company will not remove the Collateral from such locations, without providing at least fifteen (15) 30 days prior written notice to the Administrative Agent, except for inventory in the ordinary course of business and equipment being repairedLender, (b) except for the security interest herein granted and other Permitted Liensgranted, such Grantor the Company shall be the owner of or have other rights in the Collateral free from any right or claim of any other person or any Lienlien, security interest or other encumbrance, and such Grantor the Company shall defend the same against all claims and demands of all persons at any time claiming the same or any interests therein adverse to the Administrative Agent or any of the other Secured PartiesLender, (c) such Grantor the Company shall not pledge, mortgage or create, or suffer to exist any right of any person in or claim by any person to the Collateral, or any Lien security interest, lien or other encumbrance in the Collateral in favor of any person, or become bound (as provided in Section 9-203(d) of the Uniform Commercial Code of the State or any other relevant jurisdiction or otherwise) by a security agreement in favor of any person as secured party, other than the Administrative Agent except for Permitted LiensLender, (d) such Grantor the Company will keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon, (e) as provided in the Credit Agreement, such Grantor Company will permit the Administrative AgentLender, or its designee, to inspect the Collateral at any reasonable time, wherever located, (f) as provided in the Credit Agreement, such Grantor Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of the such Collateral or incurred in connection with this Agreement, (g) such Grantor the Company will continue to operate its business in compliance in all material respects with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances, and (h) such Grantor the Company will not sell or otherwise dispose, or offer to sell or otherwise dispose, of the Collateral or any interest therein except as permitted by for sales of inventory in the Credit Agreementordinary course of business.

Covenants Concerning Collateral, Etc. Each Grantor The Company further covenants with the Administrative Agent and the other Secured Parties Lender as follows: (a) the Collateral, to the extent not delivered to the Administrative Agent Lender pursuant to §4Section 4 hereof , will be kept at those locations listed on such Grantor’s the Perfection Certificate and such Grantor the Company will not remove the Collateral from such locations, without providing at least fifteen thirty (1530) days prior written notice to the Administrative Agent, except for inventory in the ordinary course of business and equipment being repairedLender, (b) except for the security interest herein granted and other Permitted Liensliens permitted by the Credit Agreement, such Grantor the Company shall be the owner of or have other rights in the Collateral free from any right lie n, security interest or claim of any other person or any Lienencumbrance, and such Grantor the Company shall defend the same against all claims and demands of all persons at any time claiming the same or any interests intere sts therein adverse to the Administrative Agent or any of the other Secured PartiesLender, (c) such Grantor the Company shall not pledgepledge , mortgage or create, or suffer to exist any right of any person in or claim by any person to the Collateral, or any Lien a security int eres t in the Collateral in favor of any person, or become bound (as provided in Section 9-203(d) of the Uniform Commercial Code of the State or any other relevant jurisdiction or otherwise) by a security agreement in favor of any person as secured party, other than the Administrative Agent Lender except for Permitted Liensliens permitted by the Credit Agreement, (d) such Grantor the Company will keep the Collateral in good order and repair and will not use the same in violation of law oflaw or any policy of insurance thereon, (e) as provided in the Credit Agreement, such Grantor the Company will permit the Administrative AgentLender , or its designee, to inspect the Collateral at any reasonable time, wherever locatedlocated , (ft) as provided in the Credit Agreement, such Grantor Company will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral or incurred in connection with the use or operation of the such Collateral or incurred in connection with this Agreement, (g) such Grantor the Company will continue to operate its business in compliance in all material respects with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or . disposal of hazardous materials or substances, and (h) such Grantor the Company will not sell or otherwise dispose, or offer to sell or otherwise dispose, of the Collateral or any interest therein except for (i) sales of inventory in the ordinary course of business and (ii) so long as permitted by no Event of Defa ult has occurred and is continuing, sales or other dispositions of obsolescent items of equipment in the Credit Agreementordinary course of business consistent with past practices.