Common use of Maintenance of Tangible Collateral Clause in Contracts

Maintenance of Tangible Collateral. The Borrower will maintain the tangible Collateral in good condition and repair, normal wear and tear excepted. At the time of attachment and perfection of the security interest granted pursuant hereto and thereafter, all tangible Collateral will be located and will be maintained only at the locations in which the Agent has perfected its Lien in such tangible Collateral. Except as otherwise permitted by Section 3.3, the Borrower will not remove such Collateral from such locations unless, prior to any such removal, the Borrower has given written notice to the Agent of the location or locations to which the Borrower desires to remove the Collateral, the Agent has given its written consent to such removal and the Borrower has delivered to the Agent acknowledgment copies of financing statements filed where appropriate to continue the perfection of the Agent’s Lien interest as a first priority lien therein. The Agent’s Lien attaches to all of the Collateral wherever located and the Borrower’s failure to inform the Agent of the location of any item or items of Collateral shall not impair the Secured Parties’ security interest therein.

Maintenance of Tangible Collateral. The Borrower Debtor will maintain the tangible Collateral in good condition and repair, normal wear and tear excepted. At the time of attachment and perfection of the security interest granted pursuant hereto and thereafter, all tangible Collateral will be located and will be maintained only at the locations in which the Agent has perfected its Lien in such tangible Collateralset forth on Exhibit B hereto. Except as otherwise permitted by Section 3.33.4, the Borrower Debtor will not remove such Collateral from such locations unless, prior to any such removal, the Borrower Debtor has given written notice to the Agent Lender of the location or locations to which the Borrower Debtor desires to remove the Collateral, the Agent Lender has given its written consent to such removal removal, and the Borrower Debtor has delivered to the Agent Lender acknowledgment copies of financing statements filed where appropriate to continue the perfection of the Agent’s Lien security interest granted hereunder as a first priority lien security interest therein. The AgentLender’s Lien security interest attaches to all of the Collateral wherever located and the BorrowerDebtor’s failure to inform the Agent Lender of the location of any item or items of Collateral shall not impair the Secured Parties’ Lender’s security interest therein.. The Debtor hereby authorizes the Lender to file the financing statement in the form set forth in Exhibit C.

Maintenance of Tangible Collateral. The Borrower Debtor will maintain the tangible Collateral in good condition and repair, normal wear and tear excepted. At the time of attachment and perfection of the security interest granted pursuant hereto and thereafter, all tangible Collateral will be located and will be maintained only at the locations in which the Agent has perfected its Lien in such tangible Collateralset forth on Exhibit A hereto. Except as otherwise permitted by Section 3.33.4, the Borrower Debtor will not remove such Collateral from such locations unless, prior to any such removal, the Borrower Debtor has given written notice to the Agent Agents of the location or locations to which the Borrower Debtor desires to remove the Collateral, the Agent has Agents have given its their written consent to such removal removal, and the Borrower Debtor has delivered to the Agent Agents acknowledgment copies of financing statements filed where appropriate to continue the perfection of the Agent’s Lien security interest granted hereunder as a first priority lien security interest therein. The Agent’s Lien Agents’ security interest attaches to all of the Collateral wherever located and the BorrowerDebtor’s failure to inform the Agent Agents of the location of any item or items of Collateral shall not impair the Secured PartiesAgents’ security interest therein.. Debtor hereby authorizes the Agents to file the financing statement in the form set forth in Exhibit B.