Common use of Qualification of Units as Eligible Collateral Clause in Contracts

Qualification of Units as Eligible Collateral. Borrower may include and maintain a Unit in Eligible Collateral only if the following deliveries have been approved by Lender and if the following conditions precedent are satisfied, at all times that such Unit is included in Eligible Collateral (each of which items must be satisfactory to Lender in its sole and absolute discretion and each of which conditions precedent must be satisfied, as determined by Lender in its sole and absolute discretion):

Qualification of Units as Eligible Collateral. Borrower may include and maintain a Unit in Eligible Collateral only if the following deliveries have been approved by Lender Bank and if the following conditions precedent are satisfied, at all times that such Unit is included in Eligible Collateral (each of which items must be satisfactory to Lender in its sole and absolute discretion and each of which conditions precedent must be satisfied, as determined by Lender in its sole and absolute discretion):Collateral: