Common use of Tangible Collateral Clause in Contracts

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.

Appears in 5 contracts

Sources: Loan and Security Agreement (Cryolife Inc), Loan and Security Agreement (Dreams Inc), Loan and Security Agreement (Dreams Inc)

Tangible Collateral. Shall notShall, except to the extent otherwise permitted herein or as otherwise permitted by Lender in writingprovided herein, (a) allow any Inventory or other tangible Collateral to be commingled with, or become an Accession accession to or part of, any property of any other Person so long as such property is Collateral; or (b) allow any tangible Collateral to become a Fixturefixture unless Collateral Agent shall have given its prior written authorization.

Appears in 2 contracts

Sources: Loan and Security Agreement (Video Display Corp), Loan and Security Agreement (Video Display Corp)