Common use of Removal of the Collateral Clause in Contracts

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

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

Removal of the Collateral. Except in the ordinary course of Borrowers' Borrower’s business, including the sales of inventory, Borrowers Borrower shall not remove the Collateral from its existing location without Lender’s prior written consent. To the extent that the Collateral consists of vehicles, vehicles or other titled property, Borrowers Borrower shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of Washington, Oregon and California without Lender’s prior written consent. Borrowers Borrower shall, whenever requested, advise Lender of the exact location of the Collateral.. (revised 12/1/08)