Common use of Preservation of the Collateral Clause in Contracts

Preservation of the Collateral. Take all reasonably necessary steps to preserve, protect and defend the Collateral and keep it in good operating condition and repair (reasonable wear and tear excepted) and free of unpermitted liens and give Lender access to and permit it to inspect the Collateral during all business hours and other reasonable times.

Preservation of the Collateral. Take all reasonably ______________________________ necessary steps to preserve, protect and defend the Collateral and keep it in good operating condition and repair (reasonable wear and tear excepted) and free of unpermitted liens and give Lender BANK access to and permit it to inspect the Collateral during all business hours and other reasonable times.