Security Interests in Collateral. The Companies shall keep the Collateral free from any lien, security interest, or encumbrance except those in favor of Agent and except as permitted pursuant to the Credit Agreement, in good order and repair, reasonable wear and tear excepted, and will not waste or destroy the Collateral or any part thereof. If reasonably requested by Agent, the Companies shall give notice of Agent's security interests in the Collateral to any third person with whom the Companies has any actual or prospective contractual relationship or other business dealings.
Appears in 4 contracts
Samples: Security Agreement (Marketing Specialists Corp), Security Agreement (Marketing Specialists Corp), Form of Security Agreement (Merkert American Corp)
