Common use of Removal of the Collateral Clause in Contracts

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New Jersey, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 4 contracts

Sources: Business Loan Agreement (Dewey Electronics Corp), Commercial Security Agreement (Dynasil Corp of America), Commercial Security Agreement (Storage Engine Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOhio, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 4 contracts

Sources: Commercial Security Agreement (Ourpets Co), Commercial Security Agreement (Ourpets Co), Commercial Security Agreement (Ohio Art Co)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyUtah, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 3 contracts

Sources: Commercial Security Agreement (Remote MDX Inc), Business Loan Agreement (Dynatronics Corp), Commercial Security Agreement (Naco Industries Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyMinnesota, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 3 contracts

Sources: Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Heron Lake BioEnergy, LLC), Commercial Security Agreement (ProUroCare Medical Inc.)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Sources: Commercial Security Agreement (AMERICAN POWER GROUP Corp), Commercial Security Agreement (Macc Private Equities Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyColorado, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Sources: Commercial Security Agreement (Rocky Mountain Chocolate Factory Inc), Commercial Security Agreement (Rocky Mountain Chocolate Factory Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyMississippi, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Sources: Commercial Security Agreement (Global Seafood Technologies Inc), Commercial Security Agreement (Global Seafood Technologies Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyMinnesota, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Sources: Commercial Security Agreement (Electromed, Inc.), Commercial Security Agreement (Broadview Institute Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOhio other than in the ordinary course of business, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Sources: Commercial Security Agreement (Miscor Group, Ltd.), Commercial Security Agreement (Miscor Group, Ltd.)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of on inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyMississippi, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 2 contracts

Sources: Commercial Security Agreement (Hickok Inc), Commercial Security Agreement (Hickok Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without Lender's ▇▇▇▇▇▇’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIllinois, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Eaco Corp)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without Lender's L▇▇▇▇▇’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of on inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOhio, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Hickok Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. consent To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without Lender's ’s prior written consent. consent Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's businessGrantors’ respective businesses, including the sales of inventory, Grantor Grantors shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor Grantors shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyIowa, without Lender's prior written consent. Grantor Grantors shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Sports Field Holdings, Inc.)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, vehicles or other titled tilled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New Jersey, Illinois without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Advanced Life Sciences Holdings, Inc.)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOhio, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Security Agreement (HealthWarehouse.com, Inc.)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including Including the sales of inventory, ; Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOregon, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Microhelix Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyMissouri, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Guaranty (Torotel Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOklahoma, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Adcare Health Systems, Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOklahoma, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Flotek Industries Inc/Cn/)

Removal of the Collateral. Except in the ordinary course of Grantor▇▇▇▇▇▇▇'s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyOhio, without Lender▇▇▇▇▇▇'s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Ourpets Co)

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory, Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, or of other titled propertyproperly, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of New JerseyGeorgia, without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Adcare Health Systems, Inc)