Common use of Removal of Collateral Clause in Contracts

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender.

Appears in 3 contracts

Sources: Commercial Security Agreement (New West Eyeworks Inc), Commercial Security Agreement (New West Eyeworks Inc), Commercial Security Agreement (Eco Soil Systems Inc)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender.the

Appears in 1 contract

Sources: Business Loan Agreement (Usa Net Inc)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Some or all of the Collateral may be located at the real property described above. Except in the ordinary course of its business, including the sales of inventory, inventory Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender.. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not

Appears in 1 contract

Sources: Commercial Security Agreement (Techniclone International Corp)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accountscontract rights or general intangibles, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are disclosed to and acceptable to Lender. The acceptance of an Eligible Contract shall constitute disclosure and acceptance by ▇▇▇▇▇▇. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral or records from its existing locations without the prior written consent of Lender.

Appears in 1 contract

Sources: Master Revolving Line of Credit Promissory Note (PDS Financial Corp)

Removal of Collateral. Grantor shall keep the Collateral (or for to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) Collateral at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lenderlocations.

Appears in 1 contract

Sources: Promissory Note (Trizetto Group Inc)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender.

Appears in 1 contract

Sources: Commercial Security Agreement (Lakes Gaming Inc)