Common use of Equipment, Fixtures and Inventory Clause in Contracts

Equipment, Fixtures and Inventory. (a) Debtor shall keep its Equipment (other than vehicles), Fixtures and Inventory (other than Inventory in transit) constituting Collateral and having a value in excess of $100,000 at the locations specified on Schedule 4 or at such other places within the U.S. where all action required to perfect Secured Party's security interest in any such Equipment, Fixtures and Inventory with the priority required by the Restated Lease Agreement shall have been taken; provided that if any such Equipment (other than vehicles), Fixtures or Inventory (other than Inventory in transit) is being relocated to any jurisdiction where the security interest of Secured Party under this Agreement has not been previously perfected, then in such case Debtor shall deliver prompt (and in any event within not less than 30 days) notice thereof to Secured Party.

Appears in 5 contracts

Samples: Security Agreement (Savvis Communications Corp), Security Agreement (Savvis Communications Corp), Security Agreement (Savvis Communications Corp)

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