Maintenance of Collateral. Company will maintain the Collateral in good working condition, ordinary wear and tear excepted, and Company will not use the Collateral for any unlawful purposes. Company will immediately advise Holder in writing of any material loss or damage to the Collateral.
Appears in 6 contracts
Samples: Loan and Security Agreement (Auxilio Inc), Loan and Security Agreement (Auxilio Inc), Loan and Security Agreement (Headwaters Inc)
Maintenance of Collateral. Company will maintain the Collateral in good working condition, ordinary wear and tear exceptedaccepted, and Company will not use the Collateral for any unlawful purposes. Company will immediately advise Holder Lender in writing of any material loss or damage to the CollateralCollateral as more fully set forth in Section 3.29(c). The Company will not directly or indirectly, in any fiscal year, sell, transfer or otherwise dispose of any of the Collateral (other than sales of inventory in the ordinary course of business), or grant any option.
Appears in 4 contracts
Samples: Loan and Security Agreement (Atsi Communications Inc/De), Loan and Security Agreement (Atsi Communications Inc/De), Loan and Security Agreement (Atsi Communications Inc/De)
Maintenance of Collateral. The Company will maintain the Collateral in good working condition, condition (ordinary wear and tear excepted), and the Company will not use the such Collateral for any unlawful purposespurpose. The Company will immediately advise Holder the Investors in writing of any proposed disposition, material loss or damage to the CollateralCollateral (excluding the disposition of inventory in the ordinary course of business).
Appears in 3 contracts
Samples: Purchase Agreement (Jumpkicks, Inc.), Purchase Agreement (Amarantus BioSciences, Inc.), Purchase Agreement (Amarantus BioSciences, Inc.)
Maintenance of Collateral. Company will maintain the Collateral in good working condition, ordinary wear and tear excepted, and Company will not use the Collateral for any unlawful purposes. Company will immediately advise Holder Lender in writing of any material loss or damage to the CollateralCollateral as more fully set forth in Section 3.29(c). The Company will not directly or indirectly, in any fiscal year, sell, transfer or otherwise dispose of any of the Collateral (other than sales of inventory in the ordinary course of business), or grant any option.
Appears in 2 contracts
Samples: Loan and Security Agreement (Atsi Communications Inc/De), Loan and Security Agreement (Digerati Technologies, Inc.)
Maintenance of Collateral. Company will maintain the Collateral in good working condition, ordinary wear and tear excepted, and Company will not use the Collateral for any unlawful purposes. Company will immediately advise Holder Lender in writing of any material loss or damage to the CollateralCollateral as more fully set forth in Section 3.29(c). The Company will not directly or indirectly, in any fiscal year, sell, transfer or otherwise dispose of any of the Collateral (other than sales of inventory in the ordinary course of business), or grant any option.
Appears in 1 contract
Samples: Note, Security Agreement (Atsi Communications Inc/De)
Maintenance of Collateral. Company will maintain the Collateral ------------------------- in good working condition, ordinary wear and tear excepted, and Company will not use the Collateral for any unlawful purposes. Company will immediately advise Holder in writing of any material loss or damage to the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Holiday Rv Superstores Inc)
