Warranties and Agreements Concerning Tenant Security Agreement Collateral Sample Clauses

Warranties and Agreements Concerning Tenant Security Agreement Collateral. Debtor warrants and agrees that, except as otherwise agreed by Secured Party in the Loan Documents or in writing from time to time: (a) from and after the occurrence of an Event of Default, Secured Party shall have the right to receive, and Debtor shall promptly deliver, or cause to be delivered promptly, to Secured Party and, until so delivered, Debtor shall hold as Secured Party's agent and bailee, all money and other property in any form and for any reason paid, payable, distributed or distributable to Debtor, or received or receivable by Debtor, on account of or in respect of, or constituting, Tenant Security Agreement Collateral, with such indorsements and/or assignments as Secured Party may from time to time request; (c) all Tenant Security Agreement Collateral delivered to Secured Party or coming into Secured Party's possession or control from time to time shall be held by Secured Party as security for the Secured Obligations; (d) Secured Party shall have the right, in its discretion, at any time and from time to time following the occurrence and during the continuance of an Event of Default (i) to sign Debtor's name on any drafts or orders against, or demands, notices or other documents directed to, persons obligated or liable to Debtor on account of or in respect of any of the Tenant Security Agreement Collateral, (ii) to indorse Debtor's name on any instruments, checks, drafts, orders or other items of payment constituting Tenant Security Agreement Collateral that may come into Secured Party's possession or control from time to time, and/or (iii) to cause, or to require Debtor to cause, any of the Tenant Security Agreement Collateral to be registered in the name of Secured Party or its nominees; (e) except as otherwise specifically permitted by this Agreement or the Loan Documents, Debtor will not, directly or indirectly, without Secured Party's prior written consent, sell, assign, transfer, convey or otherwise dispose of, or suffer or permit to occur any sale, assignment, transfer, conveyance or disposition of, any of the Tenant Security Agreement Collateral, or any interest therein; and (f) except as otherwise specifically permitted by this Agreement, Debtor will not, without Secured Party's prior written consent, exercise or waive, or permit the waiver or loss of, any rights of Debtor with respect to any of the Tenant Security Agreement Collateral, or take any other action with respect to the Tenant Security Agreement Collateral that would red...
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Related to Warranties and Agreements Concerning Tenant Security Agreement Collateral

  • Covenants Concerning Collateral, Etc The Guarantor further covenants with the Agent as follows: (a) the Collateral, to the extent not delivered to the Agent pursuant to Section 4 hereof or disposed of as permitted by the Credit Agreement, will be kept at those locations listed on the Perfection Certificate, as the same may be amended from time to time as herein provided, and the Guarantor will not remove the Collateral from such locations without providing at least fifteen (15) days prior written notice to the Agent except (i) to another location listed on the Perfection Certificate, or (ii) to another location of the Guarantor or one of its Subsidiaries or one of the other Subsidiaries of the Borrower, in each case, that is located within the United States but not listed on the Perfection Certificate, as amended from time to time (any such location, an “Unlisted Location”), provided, that the aggregate value of the Collateral located at such Unlisted Location shall not exceed $1,000,000, (iii) motor vehicles, or (iv) the removal of Collateral for up to thirty (30) days to repair such Collateral, in each case, in the ordinary course of business, (b) except for the security interest herein granted and Permitted Liens, the Guarantor shall be the owner of, or have other rights in or power to transfer, the Collateral free from any right or claim of any other person or any lien, security interest or other encumbrance, and the Guarantor shall defend the same against all claims and demands of all persons at any time claiming the same or any interests therein adverse to the Agent, (c) the Guarantor shall not pledge, mortgage or create, or suffer to exist any right of any person in or claim by any person to the Collateral, or any security interest, lien or other encumbrance in the Collateral in favor of any person other than the Agent, except for Permitted Liens, (d) the Guarantor will keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon, (e) the Guarantor will permit the Agent, or its designee, to inspect the Collateral at any reasonable time during normal business hours, wherever located, (f) the Guarantor will pay promptly when due all taxes, assessments, governmental charges and levies upon the Collateral incurred in connection with the use or operation of the Collateral or incurred in connection with this Agreement, (g) the Guarantor will continue to operate its business in compliance in all material respects with all applicable provisions of the federal Fair Labor Standards Act, as amended, and with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or substances, (h) the Guarantor will not sell or otherwise dispose, or offer to sell or otherwise dispose, of the Collateral or any interest therein except for dispositions permitted by the Credit Agreement, and (i) with each annual Compliance Certificate delivered by Borrower pursuant to Section 6.02(a) of the Credit Agreement, the Guarantor shall cause Borrower to provide any information updating the Perfection Certificate, including, without limitation, any new locations at which any Collateral is located.

  • Effectiveness of Representations, Warranties and Agreements (a) Except as set forth in Section 10.1(b) of this Agreement, the representations, warranties, covenants and agreements of each party hereto shall remain operative and in full force and effect regardless of any investigation made by or on behalf of any other party hereto, any Affiliate of such party or any of their officers, directors, representatives or agents whether prior to or after the execution of this Agreement.

  • Representations, Warranties and Agreements of the Trust The Trust represents, warrants and agrees that:

  • Representations, Warranties and Agreements of Seller The Seller agrees and acknowledges that it shall, as a condition to the consummation of the transactions contemplated hereby, make the representations and warranties specified in Section 3.01 and 3.02 of the Seller's Warranties and Servicing Agreement, as of the Closing Date. The meaning of the term "Agreement" as used in Sections 3.01 and 3.02 of the Seller's Warranties and Servicing Agreement shall include this Agreement. The Seller, without conceding that the Mortgage Loans are securities, hereby makes the following additional representations, warranties and agreements which shall be deemed to have been made as of the Closing Date:

  • Concerning the Collateral and Related Loan Documents Each member of the Lender Group authorizes and directs Agent to enter into this Agreement and the other Loan Documents. Each member of the Lender Group agrees (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to agree) that any action taken by Agent in accordance with the terms of this Agreement or the other Loan Documents relating to the Collateral and the exercise by Agent of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders (and such Bank Product Provider).

  • Representations, Warranties, Covenants and Agreements of the Debtors Except as set forth under the corresponding section of the disclosure schedules delivered to the Secured Parties concurrently herewith (the “Disclosure Schedules”), which Disclosure Schedules shall be deemed a part hereof, each Debtor represents and warrants to, and covenants and agrees with, the Secured Parties as follows:

  • Representations, Warranties and Agreements of the Servicer The Servicer, as a condition to the consummation of the transactions contemplated hereby, hereby makes the following representations and warranties to the Master Servicer, the Depositor and the Trustee, as of the Closing Date:

  • Representations, Warranties and Agreements of the Company The Company represents, warrants and agrees that:

  • Representations, Warranties and Agreements Section 6.01.

  • Company’s Representations, Warranties and Agreements To induce the Subscriber to purchase the Shares, the Company hereby represents and warrants to the Subscriber and agrees with the Subscriber as follows:

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