Common use of Removal of Collateral Clause in Contracts

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.

Appears in 20 contracts

Samples: Business Loan Agreement (Real Goods Trading Corp), Business Loan Agreement (U S Laboratories Inc), Commercial Security Agreement (Intervisual Books Inc /Ca)

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Removal of Collateral. Grantor shall keep the tangible Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, above or at such other locations as are may be acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the tangible Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled mobile property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.

Appears in 2 contracts

Samples: Commercial Security Agreement (Niku Corp), Business Loan Agreement (Niku Corp)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.,

Appears in 1 contract

Samples: Business Loan Agreement (Large Scale Biology Corp)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State state of California, without the prior written consent of Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Solopoint Inc)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender, not to be unreasonably withheld.

Appears in 1 contract

Samples: Credit Agreement (Micro General Corp)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible Intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its Its business, including Including the sales of inventoryInventory, Grantor shall not remove the Collateral from its Its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action actr6n which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.. Transactions

Appears in 1 contract

Samples: Security Agreement (Boatracs Inc /Ca/)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, . Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.

Appears in 1 contract

Samples: Terms Agreement (California Beach Restaurants Inc)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or ore other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, California without the prior written consent of Lender.

Appears in 1 contract

Samples: Loan Agreement (U S Laboratories Inc)

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Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations loctions without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.

Appears in 1 contract

Samples: Security Agreement (Penn Octane Corp)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's ’s address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates registration of title for the vehicles outside the State of California, without the prior written consent of Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Sealand Natural Resources Inc)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to the Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of the Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.. TRANSACTIONS

Appears in 1 contract

Samples: Loan Agreement (Incomnet Inc)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible Intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its Its business, including Including the sales of inventoryInventory, Grantor shall not remove the Collateral from its Its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action action-which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.

Appears in 1 contract

Samples: Security Agreement (Boatracs Inc /Ca/)

Removal of Collateral. Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action action, which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.

Appears in 1 contract

Samples: Security Agreement

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