Common use of Use and Location of Collateral Clause in Contracts

Use and Location of Collateral. The Collateral is located only, and shall at all times be kept and maintained only, at the Borrower's location or locations as described herein. No such Collateral is attached or affixed to any real property so as to be classified as a fixture unless the Lender has otherwise agreed in writing. 40.15

Appears in 3 contracts

Samples: Share Purchase Agreement (American Dream International LTD), Share Purchase Agreement (Vector Aeromotive Corp), Share Purchase Agreement (Welty W R)

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Use and Location of Collateral. The Collateral is located only, and shall at all times be kept and maintained only, at the Borrower's location or locations as described herein. No such Collateral is attached or affixed to any real property so as to be classified as a fixture unless the Lender Bank has otherwise agreed in writing. 40.15.

Appears in 3 contracts

Samples: Credit Facility and Security Agreement (Continucare Corp), And Security Agreement (Continucare Corp), Credit and Security Agreement (Advanced Communication Systems Inc)

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Use and Location of Collateral. The Collateral is located only, and shall at all times be kept and maintained only, at the Borrower's location or locations as described herein. No such Collateral is attached or affixed to any real property so as to be classified as a fixture unless the Lender has otherwise agreed in writing. 40.15.

Appears in 1 contract

Samples: Loan and Security Agreement (Vector Aeromotive Corp)

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