Common use of Nature of Collateral Clause in Contracts

Nature of Collateral. At all times maintain the Collateral with a fair market value (as reasonably determined by the Borrowers) in excess of $250,000 as personal property and not affix any of such Collateral to any real property in a manner which would change its nature from personal property to real property or a Fixture to real property, unless the Administrative Agent shall have a perfected Lien on such Fixture or real property.

Nature of Collateral. At Except in the ordinary course of such Obligor’s business, at all times maintain the Collateral with a fair market value (as reasonably determined by the Borrowers) in excess of $250,000 as personal property and not affix any of such the Collateral having a value in excess of $1,000,000 to any real property Real Property in a manner which would change its nature from personal property to real property Real Property or a Fixture to real propertyReal Property, unless such Obligor shall then be in compliance with the Administrative Agent shall have provisions of the Loan Documents in respect of the granting and maintenance of a perfected Lien on such Fixture or real propertyReal Property.

Nature of Collateral. At all times maintain the Collateral with a fair market value (as reasonably determined by the Borrowers) valued in excess of $250,000 1,000,000 as personal property and not affix any of such the Collateral to any real property in a manner which would change its nature from personal property to real property or a Fixture to real property, unless the Administrative Agent shall have a perfected Lien on such Fixture or real property.

Nature of Collateral. At all times maintain the Collateral with a fair market value (as reasonably determined by the Borrowers) in excess of $250,000 as personal property and not affix any of the Collateral with an aggregate value for all such Collateral in excess of $250,000 to any real property in a manner which would change its nature from personal property to real property or a Fixture to real property, unless the Administrative Agent shall have a perfected Lien on such Fixture or real property.

Nature of Collateral. At With respect to personal property Collateral with a value equal to or greater than One Hundred Thousand Dollars ($100,000), at all times maintain the such Collateral with a fair market value (as reasonably determined by the Borrowers) in excess of $250,000 as personal property and not affix any of such the Collateral to any real property in a manner which would change its nature from personal property to real property or a Fixture to real property, unless the Administrative Agent shall have a perfected Lien on such Fixture or real property.