Common use of Simulators Clause in Contracts

Simulators. On the date hereof, the Simulators are located at a Site which the Company sub-leases on a month-to-month basis; the Company intends to remove the Simulators to a new Site (subject to satisfaction of the terms and conditions of the definition of "Site" in Section 1.01 of this Security Agreement) during the term of this Security Agreement. The Simulators are movable equipment capable of being so moved from one Site to another.