Use of the Collateral. The Collateral will not be used for personal, family, household or farming use. The Collateral shall be used solely for the purposes of the City Purpose Covenant and as otherwise authorized by the Funding Agreement.
Use of the Collateral. Debtor will use the Collateral for business purposes only and operate it by qualified personnel in accordance with applicable manufacturers' manuals. Debtor will keep the Collateral free from any adverse lien or encumbrance and in good working order, condition and repair and will not waste or destroy the Collateral or any part thereof; Debtor will keep the Collateral appropriately protected from the elements, and will furnish all required parts and servicing (including any contract service necessary to maintain the benefit of any warranty of the manufacturer); Debtor will not use the Collateral in violation of any statute, ordinance, regulation or order; and Secured Party may examine and inspect the Collateral and any and all books and records of Debtor during business hours at any time; such right of inspection shall include the right to copy Debtor's books and records and to converse with Debtor's officers, employees, agents, and independent accountants.
Use of the Collateral. Subject to the terms and conditions of the Collateral Documents and this Indenture, the Company shall be entitled, unless an Event of Default has occurred and is continuing and the Collateral Agent has given contrary instructions in accordance with the terms of the Collateral Documents, to generally remain in possession of and to retain exclusive control over the Collateral (other than any amounts that are the proceeds of a Collateral Asset Sale or an Event of Loss relating to the Collateral), to freely operate the Collateral, to replace the Collateral and to sell or otherwise dispose of Collateral (including, with respect to cash constituting Collateral by virtue of being proceeds under any mortgage), and to collect, invest and dispose of any income in respect of any Collateral, in each case in the ordinary course of the Company’s business.
Use of the Collateral. Notwithstanding anything to the contrary contained herein or in any Finance Documents, the Security Trustee shall have free and unrestricted use of all Collateral (subject to the provisions of the Finance Documents) and, except as provided below, nothing in this Agreement shall preclude the Security Trustee from engaging in repurchase transactions with the Collateral or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Collateral, on terms, and subject to conditions, within the Security Trustee's absolute discretion. Nothing contained in this Agreement shall oblige the Security Trustee to segregate any Collateral delivered to the Security Trustee by the Borrower; provided however, the documents evidencing such repurchase transaction or pledge or hypothecation shall be consistent with the terms of this Agreement and the other Finance Documents including, but not limited to, the rights of the Borrower to have the Collateral delivered to the Borrower upon repayment of all of the Loans.
Use of the Collateral. So long as no Event of Default has occurred and is continuing, the Debtor shall be entitled to use and possess the Collateral, subject to the rights, remedies, powers, and privileges of the Secured Party under this Security Agreement.
Use of the Collateral. The Collateral will not be used for personal, family, household or farming use.
Use of the Collateral. Subject to the terms of the Security Documents, the Company and the Grantors shall have the right to remain in possession and retain exclusive control of the Collateral securing the Notes (other than for Coquimbo Stock, Pucón Stock, Consultora Stock and Baluma B Stock, which will remain in the possession of the Collateral Agent, and the Baluma A Stock, which will be transferred to the trust established by the Uruguayan Trust Agreement), to freely vote or operate the Collateral, as applicable, and to collect, invest and dispose of any income therefrom. In addition, Collateral Permitted Liens may be Incurred on the Collateral. 108
Use of the Collateral. The Collateral will be used only for the purposes set forth in the City Purpose Covenant.
Use of the Collateral. Debtor shall use the Collateral for business purposes only and operate it by qualified personnel in accordance with applicable manufacturers' and regulatory maintenance and performance standards. Debtor shall adhere to reasonable practices for Debtor's industry and the type of Collateral, for security against terrorism and other risks. Debtor shall keep the Collateral free from any adverse lien or encumbrance (and shall promptly notify Secured Party of any attachment of any such lien or any seizure or levy) and in good working order, condition and repair and shall not waste or destroy the Collateral or any part thereof; Debtor shall keep the Collateral appropriately protected from the elements, and shall furnish all required parts and servicing (including any contract service necessary to maintain the benefit of any warranty of the manufacturer); and Debtor shall not use the Collateral in violation of any statute, ordinance, regulation or order. Secured Party may examine and inspect the Collateral and any and all books and records of Debtor during business hours at any time; such right of inspection shall include the right to copy Debtor's books and records and to converse with Debtor's officers, employees, agents, and independent accountants.
