Common use of Tangible Collateral Clause in Contracts

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.

Appears in 1 contract

Sources: Revolving Credit Agreement (G8wave Holdings, Inc.)

Tangible Collateral. Shall not not, 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; nor allow any tangible Collateral to become a fixturefixture unless Lenders shall have given its prior written authorization.

Appears in 1 contract

Sources: Term Loan and Security Agreement (Innotrac Corp)

Tangible Collateral. Shall not not, 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; nor allow any tangible Collateral to become a fixturefixture unless Lender shall have given its prior written authorization.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Corgenix Medical Corp/Co)