Common use of Maintain Collateral Clause in Contracts

Maintain Collateral. (i) Perform all of its obligations under or in connection with the Collateral in accordance with customary business practices, (ii) not amend, alter or modify, or permit the amendment, alteration or modification of, any material portion (individually or collectively) of the Collateral, and (iii) not do or permit any act which would impair any material portion of the Collateral.

Appears in 1 contract

Sources: Security Agreement (Vertex Energy Inc.)

Maintain Collateral. (i) Perform all of its obligations under or in connection with the Collateral in accordance with customary business practices, (ii) not amend, alter or modify, or permit the amendment, alteration or modification of, any material portion (individually or collectively) of the Collateral, without providing prior written notice to Secured Party and to the extent any such actions would be materially adverse to Lender, in Lender’s sole discretion, and (iii) not do or permit any act which would impair any material portion of the Collateral.

Appears in 1 contract

Sources: Security Agreement (iBio, Inc.)

Maintain Collateral. (i) Perform all of its obligations under or in connection with the Collateral in accordance with customary business practices, (ii) not amend, alter or modify, or permit the amendment, alteration or modification of, any material portion (individually or collectively) of the CollateralCollateral without Secured Party’s prior written consent, and (iii) not do or permit any act which would impair any material portion of the Collateral.

Appears in 1 contract

Sources: Security Agreement (Deep Down, Inc.)

Maintain Collateral. (i) Perform all of its obligations under or in connection with the Collateral in accordance with such Grantor’s customary business practices, (ii) not amend, alter or modify, or permit the amendment, alteration or modification of, any material portion (individually or collectively) of the Collateral, and (iii) not do or permit any act which would impair or adversely affect the value of any material portion of the Collateral.

Appears in 1 contract

Sources: Pledge and Security Agreement (Kindly MD, Inc.)

Maintain Collateral. (i) Perform all of its obligations under or in connection with the Collateral in accordance with customary business practices, (ii) not amend, alter or modify, or permit the amendment, alteration or modification of, any material portion (individually or collectively) of the Collateral, and (iii) not do or permit any act which would impair or adversely affect the value of any material portion of the Collateral.

Appears in 1 contract

Sources: Security Agreement (LFTD Partners Inc.)