Common use of Collateral Control Clause in Contracts

Collateral Control. Subject to its rights under Sections 4.4 and 7.4, remove any items of Collateral with an aggregate book value in excess of Three Hundred Thousand Dollars ($300,000) at any time from Borrower’s facility located at the address set forth on the cover page of this Agreement or as set forth on the Disclosure Schedule, without prior written notice to the Collateral Agent. The foregoing shall not apply, however, to any: (i) moveable items of personal property such as laptop computers; (ii) inventory in the possession of Borrower’s customers in the ordinary course of business; (iii) Collateral in transit in the ordinary course of business; or (iv) any Collateral that is transferred in accordance with Section 7.4 of this Agreement.

Collateral Control. Subject to its rights under Sections 4.4 and 7.4, remove any items of Collateral with an aggregate book value in excess of Three Five Hundred Thousand Dollars ($300,000500,000) at any time from any Co-Borrower’s facility located at the address set forth on the cover page of this Agreement hereof or as set forth on the Disclosure Schedule, without prior written notice to Lender; provided, however, that the Collateral Agent. The foregoing shall not apply, however, apply to any: any (i) moveable items of personal property such as laptop computers; , (ii) inventory in the possession of such Co-Borrower’s customers in the ordinary course of business; , (iii) Collateral in transit in the ordinary course of business; , or (iv) any Collateral that is transferred in accordance with Section 7.4 of this Agreement.

Collateral Control. Subject to its rights under Sections 4.4 and 7.4, remove any items of Collateral with an aggregate book value in excess of Three Hundred Thousand Dollars ($300,000) at any time from Borrower’s facility located at the address set forth on the cover page of this Agreement hereof or as set forth on the Disclosure Schedule, without prior written notice to Lender; provided, however, that the Collateral Agent. The foregoing shall not apply, however, apply to any: any (i) moveable items of personal property such as laptop computers; , (ii) inventory in the possession of Borrower’s ’ customers in the ordinary course of business; , (iii) Collateral in transit in the ordinary course of business; , or (iv) any Collateral that is transferred in accordance with Section 7.4 of this Agreement.