Common use of Location of Equipment and Inventory Clause in Contracts

Location of Equipment and Inventory. The Grantor will keep the Equipment and Inventory (other than used Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof) at the locations specified therefor in Section 4(c) hereof, or, upon not less than thirty (30) days' prior written notice to the Collateral Agent accompanied by a new Schedule V hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States as the Grantor may elect, provided that (i) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory, and (ii) the Collateral Agent's rights in such Equipment and Inventory, including, without limitation, the existence, perfection and priority of the security interest created hereby in such Equipment and Inventory, are not adversely affected thereby.

Appears in 2 contracts

Samples: Security Agreement (Decora Industries Inc), Borrower Security Agreement (Decora Industries Inc)

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Location of Equipment and Inventory. The Grantor Each of the Grantors will keep the Equipment and Inventory (other than used Equipment and Inventory sold in the ordinary -7- 8 course of business in accordance with Section 5(g) hereof)) at the locations specified therefor in Section 4(c) hereof), or, upon not less than thirty (30) days30 Business Days' prior written notice to the Collateral Agent accompanied by a new Schedule V hereto IV indicating each new location of the Equipment and Inventory, at such other locations in the continental United States as either of the Grantor Grantors may elect, provided that (i) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory, and (ii) the Collateral Agent's rights in such Equipment and Inventory, including, without limitation, the existence, perfection and priority of the security interest created hereby in such Equipment and Inventory, Inventory are not adversely affected therebyaffected.

Appears in 1 contract

Samples: Form of Security Agreement (First New England Dental Centers Inc)

Location of Equipment and Inventory. The Each Grantor will keep the Equipment and Inventory (other than used Equipment and Inventory in transit or sold in the ordinary course of business in accordance with Section 5(g6(h) hereof) at the locations specified therefor in Section 4(c) hereof, Schedule III hereto or, upon not less than thirty (30) days' prior written notice to the Collateral Agent accompanied by a new Schedule V III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States as the Grantor Grantors may elect, provided that (i) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory, and (ii) the Collateral Agent's rights in such Equipment and Inventory, including, without limitation, the existence, perfection and priority of the security interest created hereby in such Equipment and Inventory, are not adversely affected thereby.

Appears in 1 contract

Samples: Financing Agreement (Monaco Coach Corp /De/)

Location of Equipment and Inventory. The Each Grantor will keep the Equipment and Inventory (other than used Equipment and Inventory sold in the ordinary course of business or in accordance with Section 5(g) hereoftransit Equipment or Inventory) at the locations specified therefor in Section 4(c) hereof, Schedule VII hereto or, upon not less than thirty (30) 30 days' prior written notice to the Collateral Agent accompanied by a new Schedule V VII hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States as the such Grantor may elect, provided that (i) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory, Inventory (subject to the Intercreditor Agreement to the extent then in effect and Permitted Liens) and (ii) the Collateral Agent's ’s rights in such Equipment and Inventory, including, without limitation, the existence, perfection and priority of the security interest Security Interest created hereby in such Equipment and Inventory, are not adversely affected thereby.

Appears in 1 contract

Samples: Patent Security Agreement (CPM Holdings, Inc.)

Location of Equipment and Inventory. The Each Grantor will keep the Equipment and Inventory (other than used Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof) at the locations specified therefor in Section 4(c4(g) hereof, hereof or, upon not less than thirty (30) 30 days' prior written notice to the Collateral Agent accompanied by a new Schedule V III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States as the Grantor Grantors may elect, provided that (i) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and InventoryInventory (subject only to Permitted Liens), and (ii) the Collateral Agent's ’s rights in such Equipment and Inventory, including, without limitation, the existence, perfection and priority of the security interest created hereby in such Equipment and Inventory, are not adversely affected thereby.

Appears in 1 contract

Samples: Security Agreement (Composite Technology Corp)

Location of Equipment and Inventory. The Each Grantor will keep the Equipment and Inventory (other than used Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof) at one or more of the locations specified therefor in Section 4(c4(g) hereof, hereof or, upon not less than thirty (30) 20 days' prior written notice to the Collateral Agent accompanied by a new Schedule V III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States or Canada, as the Grantor Grantors may elect, provided that (i) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and InventoryInventory (subject only to Permitted Liens), and (ii) the Collateral Agent's ’s rights in such Equipment and Inventory, including, without limitation, the existence, perfection and priority of the security interest created hereby in such Equipment and Inventory, are not adversely affected thereby.

Appears in 1 contract

Samples: Security Agreement (Cenuco Inc)

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Location of Equipment and Inventory. (i) The Grantor will keep ----------------------------------- the Equipment and Inventory (other than used Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof)) at the locations specified therefor in Section 4(c) hereof), or, upon not less than thirty (30) 30 days' prior written notice to the Collateral Agent Lender accompanied by a new Schedule V hereto IV indicating each new location of the Equipment and Inventory, at such other locations in the continental United States as the Grantor may elect, provided that (iA) all action has been taken to grant to the Collateral Agent Lender a perfected, first priority security interest in such Equipment and Inventory, Inventory subject only to the Permitted Liens and (iiB) the Collateral AgentLender's rights in such Equipment and Inventory, including, without limitation, the existence, perfection and priority of the security interest created hereby in such Equipment and Inventory, Inventory are not adversely affected therebyaffected.

Appears in 1 contract

Samples: Security Agreement (Polyphase Corp)

Location of Equipment and Inventory. The Each Grantor will keep the Equipment and Inventory (other than used Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof) at one or more of the locations specified therefor in Section 4(c4(g) hereof, hereof or, upon not less than thirty (30) 20 days' prior written notice to the Collateral Agent accompanied by a new Schedule V III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States or Canada, as the Grantor Grantors may elect, provided that (i) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and InventoryInventory (subject only to Permitted Liens), and (ii) the Collateral Agent's rights in such Equipment and Inventory, including, without limitation, the existence, perfection and priority of the security interest created hereby in such Equipment and Inventory, are not adversely affected thereby.

Appears in 1 contract

Samples: Security Agreement (Lakes Entertainment Inc)

Location of Equipment and Inventory. The Each Grantor will keep the Equipment and Inventory (other than used Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g6(h) hereof) at the locations specified therefor in Section 4(c) hereof, Schedule VI hereto or, upon not less than thirty (30) days' prior written notice to the Collateral Agent accompanied by a new Schedule V VI hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States as the Grantor Grantors may elect, provided that (i) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and InventoryInventory (subject in priority only to Permitted Specified Liens), and (ii) the Collateral Agent's ’s rights in such Equipment and Inventory, including, without limitation, the existence, perfection and priority of the security interest created hereby in such Equipment and Inventory, are not adversely affected thereby.

Appears in 1 contract

Samples: Pledge and Security Agreement (Propel Media, Inc.)

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