Common use of WARRANTS AND COVENANTS Clause in Contracts

WARRANTS AND COVENANTS. Debtor hereby warrants and covenants that Debtor shall pay to Secured Party the sum or sums evidenced by the Transaction Documents. The Pledged Collateral will not be removed from the Premises other than in the ordinary course of business. Debtor will immediately notify Secured Party in writing of any change in the Premises. Debtor will not sell, dispose, or otherwise transfer any of the Pledged Collateral or any interest therein without the prior written consent of Secured Party, and Debtor shall keep the Pledged Collateral free from unpaid charges, taxes, and liens. Debtor shall maintain insurance at all times with respect to all Pledged Collateral against risks of fire, theft, and other such risks and in such amounts as Secured Party may require. Debtor shall make all repairs, replacements, additions, and improvements necessary to maintain the Pledged Collateral in good working order and condition.

WARRANTS AND COVENANTS. Debtor hereby warrants and covenants that that: Debtor shall pay to Secured Party the sum or sums evidenced by the Transaction Documents. The Pledged Collateral will not be removed from Convertible Loan Agreement or notes executed pursuant to this Security Agreement in accordance with the Premises other than in terms of the ordinary course of businessConvertible Loan Agreement or notes. Debtor will immediately notify Secured Party in writing of any change in the PremisesDebtor's address. The Debtor will not sell, dispose, or otherwise transfer any of the Pledged Collateral collateral or any interest therein without the prior written consent of Secured Party, and the Debtor shall keep the Pledged Collateral collateral free from unpaid charges, taxes, and liens. Debtor shall maintain insurance at all times with respect to all Pledged Collateral collateral against risks of fire, theft, and other such risks and in such amounts as Secured Party may require. The Debtor shall make all repairs, replacements, additions, and improvements necessary to maintain the Pledged any Collateral in good working order and condition.