Common use of MAINTENANCE AND INSPECTION OF COLLATERAL Clause in Contracts

MAINTENANCE AND INSPECTION OF COLLATERAL. Debtor shall maintain all tangible Collateral in good condition and repair. Debtor will not commit or permit damage to or destruction of the Collateral or any part of the Collateral. Secured Party and its designated representatives and agents shall have the right at all reasonable times to examine, inspect, and audit the Collateral wherever located. Debtor shall immediately notify Secured Party of all cases involving the return, rejection, repossession, loss or damage of or any Collateral, of any request for credit or adjustment or of any other dispute arising with respect to the Collateral; and generally of all happenings and events affecting the Collateral or the value or the amount of the Collateral. TAXES, ASSESSMENTS, AND LIENS. Debtor will pay when due all taxes, assessments and liens upon the collateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtedness, or upon any of the other Related Documents. Debtor may withhold any such payment or elect to contest any lien if Debtor is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Secured Party’s interest in the Collateral is not jeopardized in Secured Party’s sole opinion. If the collateral is subject to a lien which is not discharged within fifteen (15) days, Debtor shall deposit with Secured Party’s cash, a sufficient corporate surety bond or other security satisfactory to Secured Party in an amount adequate to provide for the discharge of the lien plus any interest, cost, reasonable attorney’s fees or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Debtor shall define itself and Debtor shall satisfy any final adverse judgment before enforcement against the Collateral.

MAINTENANCE AND INSPECTION OF COLLATERAL. Debtor shall maintain all tangible Collateral in good condition and repair. Debtor will not commit or permit damage to or destruction of the Collateral or any part of the Collateral. Secured Party and its designated representatives and agents shall have the right at all reasonable times to examine, inspect, and audit the Collateral wherever located. Debtor shall immediately notify Secured Party of all cases involving the return, rejection, repossession, loss or damage of or any Collateral, of any request for credit or adjustment or of any other dispute arising with respect to the Collateral; and generally of all happenings and events affecting the Collateral or the value or the amount of the Collateral. TAXES, ASSESSMENTS, AND LIENS. Debtor will pay when due all taxes, assessments and liens upon the collateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtedness, or upon any of the other Related Documents. Debtor may withhold any such payment or elect to contest any lien if Debtor is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Secured Party’s interest in the Collateral is not jeopardized in Secured Party’s sole opinion. If the collateral is subject to a lien which is not discharged within fifteen (15) days, Debtor shall deposit with Secured Party’s cash, a sufficient corporate surety bond or other security satisfactory to Secured Party in an amount adequate to provide for the discharge of the lien plus any interest, cost, reasonable attorney’s fees or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Debtor shall define itself and Debtor shall satisfy any final adverse judgment before enforcement against the Collateral. COMPLIANCE WITH GOVERNMENTAL REQUIREMENTS. Debtor should comply promptly with all laws, ordinances and regulations of all government authorities, applicable to the production, disposition or use of the Collateral. Debtor may contest in good faith any such law, ordinance or regulation and withhold compliance during any proceeding, including appropriate appeals, so long as Secured Party’s interest in the collateral, in Secured Party’s opinion, is not jeopardized.

MAINTENANCE AND INSPECTION OF COLLATERAL. Debtor Grantor shall maintain all tangible Collateral in good condition and repair. Debtor Grantor will not commit or permit damage to or destruction of the Collateral or any part of the Collateral. Secured Party Lender and its designated representatives and agents shall have the right at all reasonable times to examine, inspect, and audit the Collateral wherever whenever located. Debtor Grantor shall immediately notify Secured Party Lender of all cases involving the return, rejection, repossession, loss or damage of or to any Collateral, Collateral outside the ordinary course of business; of any request for credit or adjustment or of any other dispute arising with respect to the Collateral; and generally of all material happenings and events affecting the Collateral or the value or the amount of the Collateral; and generally of all material happenings and events affecting the Collateral or the value or the amount of the Collateral outside the normal course of business. TAXES, ASSESSMENTS, ASSESSMENTS AND LIENS. Debtor Grantor will pay when due all taxes, assessments and liens upon the collateralCollateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtednessindebtedness, or upon any of the other Related Documents. Debtor Grantor may withhold any such payment or may elect to contest any lien if Debtor Grantor is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Secured Party’s Lender's interest in the Collateral is not jeopardized in Secured Party’s Lender's sole opinion. If the collateral Collateral is subject subjected to a lien which is not discharged within fifteen (15) days, Debtor Grantor shall deposit with Secured Party’s Lender cash, a sufficient corporate surety bond or other security satisfactory to Secured Party Lender in an amount adequate to provide for the discharge of the lien plus any interest, costcosts, reasonable attorney’s attorneys' fees or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Debtor Grantor shall define defend itself and Debtor Lender and shall satisfy any final adverse judgment before enforcement against the Collateral. Grantor shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.

MAINTENANCE AND INSPECTION OF COLLATERAL. Debtor Grantor shall maintain all tangible Collateral in good condition and repair. Debtor Grantor will not commit or permit damage to or destruction of the Collateral or any part of the Collateral. Secured Party Lender and its designated representatives and agents shall have the right at all reasonable times to examine, inspect, and audit the Collateral wherever located. Debtor Grantor shall immediately notify Secured Party Lender of all cases involving the return, rejection, repossession, loss or damage of or to any Collateral, ; of any request for credit or adjustment or of any other dispute arising with respect to the Collateral; and generally of all happenings and events affecting the Collateral or the value or the amount of the Collateral, ================================================================================ except in the ordinary course of its business. TAXES, ASSESSMENTS, ASSESSMENTS AND LIENS. Debtor Grantor will pay when due all taxes, assessments and liens upon the collateralCollateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtedness, or upon any of the other Related Documents. Debtor Grantor may withhold any such payment or may elect to contest any lien if Debtor Grantor is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Secured Party’s Lender's interest in the Collateral is not jeopardized in Secured Party’s Lender's sole opinion. If the collateral Collateral is subject subjected to a lien which is not discharged within fifteen (15) days, Debtor Grantor shall deposit with Secured Party’s Lender cash, a sufficient corporate surety bond or other security satisfactory to Secured Party Lender in an amount adequate to provide for the discharge of the lien plus any interest, costcosts, reasonable attorney’s attorneys' fees or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Debtor Grantor shall define defend itself and Debtor Lender and shall satisfy any final adverse judgment before enforcement against the Collateral. Grantor shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.

MAINTENANCE AND INSPECTION OF COLLATERAL. Debtor Grantor shall maintain all tangible Collateral in good condition and repair. Debtor Grantor will not commit or permit damage to or destruction of the Collateral or any part of the Collateral. Secured Party Lender and its designated representatives and agents shall have the right at all reasonable times to examine, inspect, and audit the Collateral wherever located. Debtor Grantor shall immediately notify Secured Party Lender of all cases involving the return, rejection, repossession, loss or damage of or to any Collateral, ; of any request for credit or adjustment or of any other dispute arising with respect to the Collateral; and generally of all happenings and events affecting the Collateral or the value or the amount of the Collateral. TAXES, ASSESSMENTS, AND LIENS. Debtor Grantor will pay when due all taxes, assessments and liens upon the collateralCollateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtednessindebtedness, or upon any of the other Related Documents. Debtor Grantor may withhold any such payment or may elect to contest any lien if Debtor Grantor is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Secured Party’s Lender's interest in the Collateral is not jeopardized in Secured Party’s Lender's sole opinion. If the collateral Collateral is subject subjected to a lien which is not discharged within fifteen (15) days, Debtor Grantor shall deposit with Secured Party’s Lender cash, a sufficient corporate surety bond or other security satisfactory to Secured Party Lender in an amount adequate to provide for the discharge of the lien plus any interest, costcosts, reasonable attorney’s attorneys' fees or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Debtor Grantor shall define defend itself and Debtor Lender and shall satisfy any final adverse judgment before enforcement against the Collateral. Grantor shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.

MAINTENANCE AND INSPECTION OF COLLATERAL. Debtor Grantor shall maintain all tangible Collateral in good condition and repair. Debtor Grantor will not commit or permit damage to or destruction of the Collateral or any part of the Collateral. Secured Party Lender and its designated representatives and agents shall have the right at all reasonable times to examine, inspect, and audit the Collateral wherever located. Debtor Grantor shall immediately notify Secured Party Lender of all cases involving the return, rejection, repossession, loss or damage of or to any Collateral, ; of any request for credit or adjustment or of any other dispute arising with respect to the Collateral; and generally of all happenings and events affecting the Collateral or the value or the amount of the Collateral. TAXES, ASSESSMENTS, AND ASSESSMENTS END LIENS. Debtor Grantor will pay when due all taxes, assessments and liens upon the collateralCollateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtedness, or upon any of the other Related Documents. Debtor Grantor may withhold any such payment or may elect to contest any lien if Debtor Grantor is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Secured Party’s Lender's interest in the Collateral is not jeopardized in Secured Party’s Lender's sole opinion. If the collateral Collateral is subject subjected to a lien which is not discharged within fifteen (15) days, Debtor Grantor shall deposit with Secured Party’s Lender cash, a sufficient corporate surety bond or other security satisfactory to Secured Party Lender in an amount adequate to provide for the discharge of the lien plus any interest, costcosts, reasonable attorney’s attorneys' fees or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Debtor Grantor shall define defend itself and Debtor Lender and shall satisfy any final adverse judgment before enforcement against the Collateral. Grantor shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.

MAINTENANCE AND INSPECTION OF COLLATERAL. Debtor Grantor shall maintain all tangible Collateral in good condition and repair. Debtor Grantor will not commit or permit damage to or destruction of the Collateral or any part of the Collateral. Secured Party Lender and its designated representatives and agents shall have the right at all reasonable times to examine, inspect, and audit the Collateral wherever located. Debtor Grantor shall immediately notify Secured Party Lender of all cases involving the return, rejection, repossession, loss or damage of or to any Collateral, ; of any request for credit or adjustment or of any other dispute arising with respect to the Collateral; and generally of all happenings and events affecting the Collateral or the value or the amount of the Collateral. TAXES, ASSESSMENTS, ASSESSMENTS AND LIENS. Debtor Grantor will pay when due all taxes, assessments and liens upon the collateralCollateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtedness, or upon any of the other Related Documents. Debtor Grantor may withhold any such payment or may elect to contest any lien if Debtor Grantor is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Secured Party’s Lenxxx'x interest in the Collateral is not jeopardized in Secured Party’s Lenxxx'x sole opinion. If the collateral Collateral is subject subjected to a lien which is not discharged within fifteen (15) days, Debtor Grantor shall deposit with Secured Party’s Lender cash, a sufficient corporate surety bond or other security satisfactory to Secured Party Lender in an amount adequate to provide for the discharge of the lien plus any interest, costcosts, reasonable attorney’s attorneys' fees or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Debtor Grantor shall define defend itself and Debtor Lenxxx xxd shall satisfy any final adverse judgment before enforcement against the Collateral. Grantor shall name Lenxxx xx an additional obligee under any surety bond furnished in the contest proceedings.