Tangible Collateral Clause Samples

Tangible Collateral. Schedule 3.04 hereto contains a complete listing of such Debtor’s tangible Collateral located with any bailee, warehousemen or other third parties and all of such Debtor’s Collateral which is subject to certificate of title statutes.

Tangible Collateral. Except as otherwise provided herein or agreed to in writing by the Lender, no Inventory or other tangible collateral shall be commingled with, or become an accession to or part of, any property of any other Person so long as such property is Collateral. Upon the occurrence of any Event of Default, the Borrower shall, upon the request of the Lender, promptly assemble all tangible Collateral for delivery to the Lender or its agents. No tangible Collateral shall be allowed to become a fixture unless the Lender shall have given its prior written authorization.

Tangible Collateral. Shall not, except to the extent otherwise permitted herein or as otherwise permitted by Lender in writing, (a) allow any Collateral to be commingled with, or become an Accession to or part of, any property of any other Person or (b) allow any Collateral to become a Fixture.

Tangible Collateral. With respect to the Equipment, Inventory, Documents, and Fixtures (collectively, the "Tangible Collateral"): (a) The Tangible Collateral is and will be used primarily for business purposes. (b) All Tangible Collateral is and will be kept at the address set forth next to Debtor's signature hereto. (c) Debtor has and will maintain insurance on and with respect to the Tangible Collateral against loss or damage by fire, theft and such other risks as are customarily insured against by persons similarly situated to Debtor, in such amounts, with such insurers and under policies in such form as shall be satisfactory to the Secured Party. The Secured Party shall be named as a loss payee on all such policies, and all such policies shall provide that they are not cancellable without thirty (30) days' prior written notice to the Secured Party. Debtor shall, if requested by the Secured Party, obtain and deliver to the Secured Party, from time to time, satisfactory original or duplicate policies or certificates of insurance, including any endorsements, to evidence Debtor's satisfaction of the insurance requirements hereunder. In the event of loss or damage with respect to any or all of the Tangible Collateral, the Secured Party shall have the right to collect any and all insurance upon the Tangible Collateral and to apply the same at its option to any of the Obligations, whether or not matured, or to the replacement, restoration or repair of any or all of the Tangible Collateral. (d) None of the Collateral is or will be affixed to real estate unless Debtor has furnished to Secured Party such consents, waivers or disclaimers as are necessary to make Secured Party's security interest in such of the Collateral valid against persons or entities holding an interest in such real estate.

Tangible Collateral. Tangible Collateral is in good operating condition and repair, normal wear and tear excepted.

Tangible Collateral. The Credit Parties shall not, and shall not permit any Subsidiary of a Credit Party to, except to the extent otherwise permitted herein or as otherwise permitted by Agent in writing, (a) allow any material Collateral to be commingled with, or become an Accession to or part of, any property of any other Person or (b) allow any material Collateral to become a Fixture.

Tangible Collateral. Tangible Collateral" means those items of Collateral described in Section 3.1(e) and (f) and in Section 3.1(h) as related to or proceeding from such items of Collateral.

Tangible Collateral. Shall, except as otherwise provided herein, allow any Inventory or other tangible Collateral to be commingled with, or become an accession to or part of, any property of any other Person so long as such property is Collateral; or allow any tangible Collateral to become a fixture unless Lender shall have given its prior written authorization.

Tangible Collateral. Shall not allow any Inventory or other tangible Collateral to be commingled with, or become an accession to or part of, any property of any other Person so long as such property is Collateral; nor allow any tangible Collateral to become a fixture.