Common use of Location of Equipment and Inventory Clause in Contracts

Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (other than (x) Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof and (y) Equipment and Inventory in transit) at (i) one or more of the locations specified on Schedule III hereto, (ii) upon not less than ten (10) days' prior written notice to the Collateral Agent accompanied by a new Schedule III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States, as the Grantors may elect or (iii) at any other location at which any Grantor has Collateral with a fair market value of less than $50,000, individually for any location, and $250,000 for all such locations, provided that (x) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory (subject in priority only to Permitted Liens that, pursuant to the definition of the term "Permitted Liens," are not prohibited from being prior to the Liens in favor of the Collateral Agent, for the benefit of the Agents and the Lenders), and (y) 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.

Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (other than (x) Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof and (y) this Agreement or Equipment and Inventory in transit) at (i) one or more of the locations specified on Schedule III heretotherefor in Section 4(g) hereof (or at any other locations at which any Grantor has Collateral with a fair market value of less than $50,000 individually for any one location, (iiand $500,000 in the aggregate for all locations) or, upon not less than ten (10) days' prior written notice to the Collateral Agent accompanied by a new Schedule III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States, as the Grantors may elect or (iii) at any other location at which any Grantor has Collateral with a fair market value of less than $50,000, individually for any location, and $250,000 for all such locationselect, provided that (xi) all commercially reasonable action has been taken to grant to the Collateral Agent a perfected, first second priority security interest in such Equipment and Inventory (subject in priority only to Permitted Liens that, pursuant to the definition of the term "Permitted Liens," are not prohibited from being prior to the Liens in favor of the Senior Collateral Agent, for Agent under the benefit of the Agents Loan Documents and other liens permitted thereby and the LendersPermitted Liens), and (yii) 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.

Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (other than (x) Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g6(h) hereof and (y) Equipment and hereof, Inventory in transitTransit, Inventory in the possession of customers and Equipment Under Repair) at (i) one or more of the locations specified on in Schedule III heretohereto or, (ii) upon not less than ten thirty (1030) days' ’ prior written notice to the Collateral Agent accompanied by a new Schedule III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States, States as the Grantors may elect or (iii) at any other location at which any Grantor has Collateral with a fair market value of less than $50,000, individually for any location, and $250,000 for all such locationselect, provided that (xi) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory (subject in priority only to Permitted Liens that, pursuant to the definition of the term "“Permitted Liens," ” are not prohibited from being prior to the Liens in favor of the Collateral Agent, for the benefit of the Agents and the LendersSecured Parties), and (yii) 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 materially adversely affected thereby.

Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (other than (x) used Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof and (y) Equipment and Inventory in transitthe Vessels) at (i) one or more of the locations specified on Schedule III heretotherefor in Section 4(g) hereof or, (ii) upon not less than ten thirty (1030) days' ’ prior written notice to the Collateral Agent accompanied by a new Schedule III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States, as the Grantors may elect or (iii) at any other location at which any Grantor has Collateral with a fair market value of less than $50,000, individually for any location, and $250,000 for all such locationselect, provided that (xi) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory (subject in priority only to Permitted Liens that, pursuant to the definition of the term "“Permitted Liens," ” are not prohibited from being prior to the Liens in favor of the Collateral Agent, for the benefit of the Agents and the Lenders), and (yii) 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.

Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (other than (x) Equipment and out for repair or at employee’s homes in the ordinary course of business, Inventory sold in transit in the ordinary course of business and immaterial assets having value not exceeding $50,000 in accordance with Section 5(g) hereof and (y) Equipment and Inventory in transitthe aggregate at any time) at (i) one or more of the locations specified on in Schedule III heretohereto or, (ii) upon not less than ten thirty (1030) days' ’ (or such shorter period as the Collateral Agent may agree) prior written notice to the Collateral Agent accompanied by a new Schedule III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States, States as the Grantors may elect or (iii) at any other location at which any Grantor has Collateral with a fair market value of less than $50,000, individually for any location, and $250,000 for all such locationselect, provided that (xi) subject to the Perfection Requirements, all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory that constitutes Collateral hereunder (subject in priority only to Permitted Liens that, pursuant to the definition of the term "Permitted Liens," are not prohibited from being prior to the Liens ) in favor of the Collateral Agent, for the benefit of the Agents Collateral Agent and the Lenders)Buyers, and (yii) 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.

Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (other than (x) Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof or in accordance with the terms of the Financing Agreement and (y) Equipment and Inventory in transit) at (i) one or more of the locations specified on therefor in Schedule III hereto, (ii) upon not less than ten (10) days' prior written notice to the Collateral Agent accompanied by a new Schedule III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States, as the Grantors may elect elect, or (iii) at any other location locations at which any Grantor has Collateral with a fair market value of less than $50,000, individually for any location, and $250,000 500,000 in the aggregate for all such locations, ; provided that (x) all commercially reasonable action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory (subject in priority only to Permitted Liens that, pursuant to the definition of the term "Permitted Liens," are not prohibited from being prior to the Liens in favor of the Collateral Agent, for the benefit of the Agents and the Lenders), and (y) 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.

Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (other than (x) Inventory and used Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof and (y) Equipment and Inventory in transitnot required to be at such location pursuant to Section 4(g) hereof) at (i) one or more of the locations specified on Schedule III heretotherefor in Section 4(g) hereof or, (ii) upon not less than ten thirty (1030) days' prior written notice to the Collateral Agent accompanied by a new Schedule III hereto indicating each new location of the Equipment and Inventory, in each case, with an aggregate book value exceeding $100,000, at such other locations in the continental United States, as the Grantors may elect or (iii) at any other location at which any Grantor has Collateral with a fair market value of less than $50,000, individually for any location, and $250,000 for all such locationselect, provided that (xi) all action has been taken to grant to the Collateral Agent a perfected, first priority perfected security interest in such Equipment and Inventory (subject in priority only to Permitted Prior Liens that, pursuant to the definition of the term "Permitted Liens," and Credit Facility Liens that are not prohibited from being prior to the Liens in favor of held by the Collateral Agent, for the benefit of the Agents Trustee and the LendersHolder), and (yii) 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.

Location of Equipment and Inventory. Each Grantor will keep the Equipment and Inventory (other than (x) used Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof and (y) Equipment and Inventory in transitthe aircraft) at (i) one or more of the locations specified on Schedule III heretotherefor in Section 4(g) hereof or, (ii) upon not less than ten thirty (1030) days' ’ prior written notice to the Collateral Agent accompanied by a new Schedule III hereto indicating each new location of the Equipment and Inventory, at such other locations in the continental United States, as the Grantors may elect or (iii) at any other location at which any Grantor has Collateral with a fair market value of less than $50,000, individually for any location, and $250,000 for all such locationselect, provided that (xi) all action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory (subject in priority only to Permitted Liens that, pursuant to the definition of the term "“Permitted Liens," ” are not prohibited from being prior to the Liens in favor of the Collateral Agent, for the benefit of the Agents and the LendersSecured Parties), and (yii) 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.

Location of Equipment and Inventory. Each Grantor will ------------------------------------ keep the Equipment and Inventory (other than (x) used Equipment and Inventory sold in the ordinary course of business in accordance with Section 5(g) hereof and (y) Equipment and Inventory in transithereof) at (i) one or more of the locations specified on Schedule III hereto, (iitherefor in Section 4(g) upon not less than ten (10) days' prior written notice to the Collateral Agent accompanied by a new Schedule III hereto indicating each new location of the Equipment and Inventory, hereof or at such other locations in the continental United States, as the Grantors may elect or (iii) at elect, provided that, the Grantors give the Collateral Agent -------- not less than 10 Business Days' prior written notice of any other such change in location at which any Grantor has Collateral of such Equipment and Inventory with a fair market book value in excess of less $1,000,000 (when aggregated with all other Collateral at the same location), and, in the case of relocation of Equipment for purposes of repair in the ordinary course of business, prompt (but in any event no more than 5 Business Days) written notice after such relocation of Equipment with a book value in excess of $50,0005,000,000 (when aggregated with all other Collateral at the same location), individually for any locationin each case, other than to locations set forth on Schedule III, and $250,000 for all accompanied by a new Schedule III hereto indicating each new location of such locationsEquipment and Inventory, and provided further that (xi) all -------- action has been taken to grant to the Collateral Agent a perfected, first priority security interest in such Equipment and Inventory (subject in priority only to Permitted Liens that, pursuant to the definition as a matter of the term "Permitted Liens," are not prohibited from being law, would be prior to the Liens in favor of the Collateral Agent, for the benefit of the Agents and the Lenders), and (yii) 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.