Common use of Maintain Collateral Clause in Contracts

Maintain Collateral. ▇▇▇▇▇▇▇ agrees to maintain and repair the Collateral as necessary to keep it in good condition, and not to waste, destroy, or voluntarily damage the Collateral. Obligor will not use the Collateral in violation of any statute, ordinance, or governmental regulation. Secured Party may examine and inspect the Collateral at any reasonable time wherever located.

Appears in 6 contracts

Sources: Incentive Agreement, Ev Charging Incentive Agreement, Incentive Agreement

Maintain Collateral. ▇▇▇▇▇▇▇ Obligor agrees to maintain and repair the Collateral as necessary to keep it in good condition, and not to waste, destroy, or voluntarily damage the Collateral. Obligor will not use the Collateral in violation of any statute, ordinance, or governmental regulation. Secured Party may examine and inspect the Collateral at any reasonable time wherever located.

Appears in 2 contracts

Sources: Maine Electric Vehicle Charging Incentive Agreement, Equipment Security Agreement