Common use of Safe Storage Clause in Contracts

Safe Storage. Store all equipment, supplies, and materials owned by Borrower not affixed to or incorporated into the Improvements on the Land or in a bonded warehouse reasonably acceptable to Lender, in each case under adequate safeguard to minimize the possibility of loss, theft, damage, or commingling with other property. Within ten (10) business days after receipt of Lender’s written request, Borrower shall furnish an inventory of all equipment, supplies, and materials owned by Borrower and stored off the Land, specifying their location.