Location of Collateral and Records Sample Clauses
The 'Location of Collateral and Records' clause specifies where the collateral and related documentation must be kept during the term of an agreement. Typically, it requires the party holding the collateral to maintain it at a designated address and to notify the other party if the location changes. This ensures that the secured party knows where the collateral and records are at all times, facilitating inspections, audits, or enforcement actions if necessary. The clause's core function is to provide transparency and control over the collateral, reducing the risk of loss, misplacement, or unauthorized relocation.
Location of Collateral and Records. The Company represents and warrants that it has no place of business, offices where the Company's books of account and records are kept, or places where the Collateral is used, stored or located, except as set forth on Schedule II annexed hereto, and covenants that the Company will promptly notify M&K of any change in the foregoing representation. The Company shall at all times maintain its records as to the Collateral at its chief place of business at the address referred to on Schedule II and at none other.
Location of Collateral and Records. The Debtor represents and warrants that it has no place of business or offices where the Debtor's books of account and records are kept, or places where the Collateral is used, stored or located, except as set forth on Schedule II annexed hereto and except for Collateral in transit in the ordinary course of business, and covenants that the Debtor will notify the Secured Party of any change in the foregoing representation within ten days before any such change. The Debtor shall at all times maintain its records as to the Collateral at its chief place of business at the address referred to on Schedule II and at none other. The Debtor further covenants that except for Collateral delivered to the Secured Party, the Debtor will not store, use or locate any of the Collateral at any place other than as listed on Schedule II annexed hereto, except for Collateral in transit in the ordinary course of business and except for Collateral requiring necessary repair, provided that prior to the Collateral being relocated for such repair the Debtor gives written notice to the Secured Party of the Debtor's intent to relocate such Collateral and describes where the Collateral will be relocated and the nature of the repair required and further provided that the Collateral is returned to its location from which it was moved for such repair no later than 90 days after it was removed for such repair.
Location of Collateral and Records. The Obligors shall keep the Collateral, their records relating to the Collateral, and their other books, records, journals, orders, receipts and correspondence at only those locations set forth in Subsection 5.13, unless notice is given to the Bank at least thirty (30) days in advance of the removal of the Collateral, and the books, records, journals, orders, receipts and correspondence, to another location, provided, however, that no such removal may be effected before all filings required to be made to preserve the perfected first priority security interest of the Bank in the Collateral shall have been made and the Obligors shall deliver to the Bank a new Landlord's Agreement, in form and substance satisfactory to the Bank, with respect to the new location.
Location of Collateral and Records. CTB represents and warrants that there are no places where the Collateral is used, stored or located, except as set forth on Exhibit A annexed hereto, unless otherwise agreed to by BBT in writing, and covenants that CTB will promptly notify BBT of any change in the foregoing representation. CTB shall at all times maintain its records as to the Collateral, its books of account and other records at its principal place of business shown above. CTB further covenants that except for Collateral delivered to BBT or its duly authorized agent CTB will not store, use or locate any of the Collateral at any place other than the location set forth on Exhibit A hereto unless otherwise agreed to by BBT in writing.
Location of Collateral and Records. All of the Collateral, and each Obligor's books, records, journals, orders, receipts and correspondence are located only at each Obligor's places of business set forth in Subsection 5.13, except as to certain records not relating to Collateral which are maintained at the offices of each Obligor's counsel.
Location of Collateral and Records. The Borrower further represents and warrants that all records concerning the Collateral are now kept at the chief executive office of the Borrower or are maintained by the Collateral Agent pursuant to the Collateral Agency Agreement, which is at the address set forth on Schedule 2. The Borrower covenants and agrees that: (a) without providing at least thirty (30) days prior written notice to the Agent, the Borrower will not keep any of such records at any other address or change its name, chief executive office, place of business, mailing address, or organizational identification number. Borrower shall provide written notice to the Agent at least thirty (30) days in advance of any change in the location where it keeps any of the Collateral. The Borrower represents and warrants that all names and addresses under and at which it has owned the Collateral for the five (5) year period prior to the date hereof are listed on Schedule 2 attached hereto.
Location of Collateral and Records. Other than (i) Collateral from -------------------------------------- time to time located at trade shows or loaned to customers of the Borrower, for a period of no longer than four (4) months or, if such trade shows or loans are for longer than four (4) months, the aggregate value of all said Collateral shall not any one time exceed $100,000, (ii) Collateral held by service personnel having an aggregate value not exceeding $450,000 at any one time, (iii) Collateral held by sales persons having an aggregate value not exceeding $50,000 at any one time, (iv) Collateral held in China having an aggregate value not exceeding $15,000 at any one time and (iv) Inventory in transit to Account Debtors, all of the Collateral, and the Borrower's books, records, journals, orders, receipts and correspondence are located only at the Borrower's places of business set forth in Subsection 8.13, except as to certain records not relating to Collateral which are maintained at the offices of the Borrower's counsel.
Location of Collateral and Records. The Debtors represent and warrant that they have no place of business or offices where the Debtors' books of account and records are kept, or places where the Collateral is used, stored or located, except as set forth on Schedule II annexed hereto, and covenants that the Debtors will promptly notify Agent of any change in the foregoing representation. The Debtors further covenant that except for Collateral delivered to Agent, the Debtors will not store, use or locate any of the Collateral at any place other than as listed on Schedule II hereto unless prior written notice is delivered to Agent.
Location of Collateral and Records. The Debtor further represents and warrants that it now keeps all records concerning the Collateral at the chief executive office of Debtor which is at the address set forth on Schedule 1 attached hereto. The Debtor covenants and agrees that:
Location of Collateral and Records. The Company represents and warrants that it has no place of business, offices where the Company’s books of account and records are kept, or places where the Collateral is used, stored or located, except as set forth on Schedule I annexed hereto. The Company shall at all times maintain its records as to the Collateral at its chief place of business at the address referred to on Schedule I and at none other. The Company further covenants that except for Collateral delivered to the Secured Parties, the Company will not store, use or locate any of the Collateral at any place other than as listed on Schedule I hereto.