Common use of Removal of the Collateral Clause in Contracts

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'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 California, without ▇▇▇▇▇▇'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 (Heritage Global Inc.), Commercial Security Agreement (Versant Corp)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'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 CaliforniaDelaware, without ▇▇▇▇▇▇'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 (Better Choice Co Inc.), Business Loan Agreement (Craftmade International Inc)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'s Grantor’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 CaliforniaDelaware, without ▇▇▇▇▇▇'s 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 (LiveXLive Media, Inc.), Commercial Security Agreement (Nanophase Technologies Corporation)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'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 CaliforniaIowa, without ▇▇▇▇▇▇'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 (Arts Way Manufacturing Co Inc), Agricultural Security Agreement (Soy Energy, LLC)

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 CaliforniaColorado, 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 (Rocky Mountain Chocolate Factory Inc)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'s business, Grantor’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 CaliforniaDelaware, without ▇▇▇▇▇▇'s ’s prior written consent. Grantor shall, whenever requested, advise active Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Guaranty (Natrol Inc)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'s Grantor’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 CaliforniaNevada, without ▇▇▇▇▇▇'s 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 (Soluna Holdings, Inc)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'s Grantor’s business, including the sales of inventoryInventory, 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 CaliforniaDelaware, without ▇▇▇▇▇▇'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 (Natrol Inc)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇Grantor's businessBusiness, including the sales of inventory, Grantor shall shell 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 CaliforniaDelaware, without ▇▇▇▇▇▇Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location location, of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Decorize Inc)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇Grantor's business, including the sales of inventoryInventory, 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 CaliforniaOregon, 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 ▇▇▇▇▇▇▇'s Grantor’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 property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of CaliforniaDelaware, without ▇▇▇▇▇▇'s ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Security Agreement

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'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 CaliforniaColorado, without ▇▇▇▇▇▇'s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Promissory Note (Ourpets Co)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'s Grantor’s business, including the sales of inventoryInventory, 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 Commonwealth of CaliforniaKentucky, without ▇▇▇▇▇▇'s ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Business Loan Agreement (TX 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 an Approved Location without Lender's Lenders' 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 state of Californiatheir registration, 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 (Female Health 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 Commonwealth of CaliforniaKentucky, without ▇▇▇▇▇▇Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Promissory Note (Suncrest Global Energy Corp)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'s Grantor’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 CaliforniaNew York, without ▇▇▇▇▇▇'s 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 (Angiodynamics Inc)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'s Grantor’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 CaliforniaNew York, without ▇▇▇▇▇▇'s Lender’s prior written consent, which consent shall not be unreasonably withheld. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Commercial Security Agreement (Cpi Aerostructures Inc)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'s Grantor’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 CaliforniaConnecticut, without ▇▇▇▇▇▇'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 (Natrol Inc)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'s Grantor’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 CaliforniaDelaware, without ▇▇▇▇▇▇'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 (Isecuretrac Corp)

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 CaliforniaNorth Dakota, 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 (Sterling Real Estate Trust)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'s Grantor’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 Commonwealth of CaliforniaKentucky, without ▇▇▇▇▇▇'s Lender’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Business Loan Agreement (TX 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 CaliforniaMaryland, without ▇▇▇▇▇▇Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Appears in 1 contract

Sources: Business Loan Agreement (Obsidian Enterprises 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 certification of title for the vehicles outside the State of CaliforniaDelaware, 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 (Biomerica Inc)

Removal of the Collateral. Except in the ordinary course of Grantor's business, i▇▇▇▇▇▇▇'s business, including g 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 CaliforniaUtah, without Lender's prior written con▇▇▇▇▇▇'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 (Category 5 Technologies Inc)

Removal of the Collateral. Except in the ordinary course of ▇▇▇▇▇▇▇'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 CaliforniaMinnesota, without ▇▇▇▇▇▇'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 (Granite Falls Energy, LLC)