Common use of Restrictions on Removal of Collateral Clause in Contracts

Restrictions on Removal of Collateral. The Obligor shall not remove Collateral or any related books and records from the Collateral States except for removal of incidental items of Collateral in the ordinary course of the Obligor's business, consistent with past practice.

Appears in 2 contracts

Sources: General Security Agreement (Medix Resources Inc), General Security Agreement (Medix Resources Inc)

Restrictions on Removal of Collateral. The Obligor shall not remove Collateral or any related books and records from the Collateral States except for removal of incidental items of Collateral in the ordinary course of the Obligor's business, consistent with past practice.

Appears in 1 contract

Sources: Security Agreement (Applied Dna Sciences Inc)

Restrictions on Removal of Collateral. The Obligor Borrower shall not remove Collateral or any related books and records from the Collateral States except for removal of incidental items of Collateral in the ordinary course of the Obligor's Borrower’s business, consistent with past practice.

Appears in 1 contract

Sources: Debtor in Possession Loan and Security Agreement