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Common use of Use of the Collateral Clause in Contracts

Use of the Collateral. The Collateral will not be used for personal, family, household or farming use.

Appears in 2 contracts

Sources: Security Agreement, Security Agreement

Related Clauses

  • Location of the Collateral
  • Optional Preservation of the Collateral
  • The Collateral
  • Rights of the Collateral Agent
  • Possession and Use of Collateral

Parent Clauses

  • REPRESENTATIONS AND WARRANTIES
  • Preferential Collection of Claims Against Company
  • Reinstatement
  • Compliance with Trust Indenture Act
  • Changes to the Lenders

Sub-Clauses

  • Majority Lenders' instructions
  • Business with Affiliates
  • Responsibility for documentation
  • Duties of the Agent
  • Rights and discretions of the Agent
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