Common use of Location of Collateral and Records Clause in Contracts

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.