Common use of Tangible Collateral Clause in Contracts

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.

Appears in 3 contracts

Sources: Loan and Security Agreement (Guardian Pharmacy Services, Inc.), Loan and Security Agreement (Guardian Pharmacy Services, Inc.), Loan and Security Agreement (Guardian Pharmacy Services, Inc.)