Common use of Certain Property Clause in Contracts

Certain Property. None of the Collateral constitutes, or is the Proceeds of, (a) Farm Products, (b) Health Care Insurance Receivables or (c) vessels, aircraft or any other property subject to any certificate of title or other registration statute of the United States, any State or other jurisdiction, except for personal vehicles owned by the Loan Parties and used by employees of the Loan Parties in the ordinary course of business with an aggregate fair market value of less than $50,000 (in the aggregate for all Loan Parties). 26385498.9 42

Appears in 1 contract

Sources: Loan and Security Agreement (Mattersight Corp)

Certain Property. None of the Collateral constitutes, or is the Proceeds of, (a) Farm Products, (b) Health Care Insurance Receivables or (c) vessels, aircraft or any other property subject to any certificate of title or other registration statute of the United States, any State or other jurisdiction, except for personal vehicles owned by the Loan Parties and used by employees of the Loan Parties in the ordinary course of business with an aggregate fair market value of less than $50,000 100,000.00 (in the aggregate for all Loan Parties). 26385498.9 42.

Appears in 1 contract

Sources: Loan and Security Agreement (Kingsway Financial Services Inc)

Certain Property. None of the Collateral constitutes, or is the Proceeds of, (a) Farm Products, (b) Health Care Insurance Receivables or (c) vessels, aircraft or any other personal property subject to any certificate of title or other registration statute of the United States, any State or other jurisdiction, except for personal motor vehicles owned by the Loan Parties Grantors and used by employees of the Loan Parties Grantors in the ordinary course of business with an aggregate fair market value of less than $50,000 250,000 (in the aggregate for all Loan PartiesGrantors). 26385498.9 42.

Appears in 1 contract

Sources: Facility Agreement (Infinity Pharmaceuticals, Inc.)