Common use of Removal of the Collateral Clause in Contracts

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory. Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. 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 Illinois, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Removal of the Collateral. Except in the ordinary course of Grantor's business, including the sales of inventory. , Grantor shall not remove the Collateral from its existing location without Lender's prior written consent. 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 IllinoisMichigan, without Lender's prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.

Removal of the Collateral. Except in the ordinary course of Grantor's ’s business, including the sales of inventory. , Grantor shall not remove the Collateral from its existing location without Lender's ’s prior written consent. To the extent that the Collateral consists of vehicles, vehicles or other titled tilled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of Illinois, Illinois without Lender's ’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral.