Common use of Location of Tangible Collateral Clause in Contracts

Location of Tangible Collateral. Without the Lender's prior written consent, which consent will not be unreasonably withheld, Borrower shall not remove any of the existing tangible Collateral from the present locations of such Collateral, except finished Inventory sold or leased in the ordinary course of Borrower's business.

Appears in 2 contracts

Sources: Security Agreement (Ascendant Solutions Inc), Security Agreement (Ascendant Solutions Inc)