Permitted Locations definition
Permitted Locations means, collectively, the following locations where Collateral may be located from time to time: (a) locations identified in the Perfection Certificate, (b) locations with respect to which Borrowers have complied with the requirements of Section 6.12, and (c) the Excluded Locations.
Permitted Locations means, collectively, the following locations where Collateral may be located from time to time: (a) locations identified in the Perfection Certificate, (b) locations with respect to which Borrowers have complied with the requirements of Section 6.11, and (c) the Excluded Locations.
Permitted Locations shall have the meaning set forth in Section 6 hereof.
Examples of Permitted Locations in a sentence
Move any Collateral from the Permitted Locations except in compliance with Section 5.2 above or transfers permitted by clause (i) of the definition of Permitted Transfers.
More Definitions of Permitted Locations
Permitted Locations has the meaning set forth in Section 6(b)(xiii) of this Agreement.
Permitted Locations means, collectively, the chief executive office of Reseller together with (a) such locations identified in Exhibit B, attached hereto, and (b) such additional locations in the United States as determined by Reseller from time to time; provided, however, that if any additional location is not owned by Reseller and the Collateral located at such location has a value in excess of $500,000, then Reseller must provide CPC and at least 30 days prior written notice of its intent to keep Collateral at such additional location.
Permitted Locations means, collectively, the following locations where Collateral may be located from time to time: (a) locations identified in the Perfection Certificate, (b) locations previously disclosed in a written notice to Lender pursuant to Section 6.12, and (c) the Excluded Locations.
Permitted Locations means the following locations: (i) facilities located outside of the United States at which Borrower or its Subsidiaries maintain Celution Systems (as defined below) in ordinary course of business, (ii) locations where Celution Systems may be temporarily located by Borrower or a Subsidiary for use in clinical trials by an unaffiliated third party in ordinary course of business, (iii) locations where Celution Systems may be temporarily located by Borrower or Subsidiary with physicians and other health care providers for demonstration, testing and product development purposes or for general commercial use (including on a lease or placement basis) in ordinary course of business, (iv) locations where Celution Systems may be temporarily located by a Loan Party for maintenance or repair in ordinary course of business (provided, that with respect to the locations described in the immediately preceding clauses (i) through and including (iv), the book value of all Collateral at such locations shall at no time be greater than $200,000 per location or $750,000 in the aggregate and such locations may not include the headquarters of Borrower), (v) the bonded warehouse known as ▇▇▇▇▇▇▇▇ Medizintechnik located in Germany (the “Bonded Warehouse”), provided, that the book value of all the Collateral located at the Bonded Warehouse shall at no time be greater than $500,000, and (vi) locations where portable goods (such as laptops, phones and other similar equipment) may be located with employees or consultants of in the ordinary course of business and locations where Collateral may be temporarily located for sales, testing or demonstration purposes in the ordinary course of business. As used herein, “Celution Systems” means the family of products (600, 700, 800, 900/MB & next generation Celution device), which processes patients’ cells at the bedside in real time separating a therapeutic dose of stem and regenerative cells from a patient’s own fat tissue, including a central processing device, a related single-use consumable used for each patient specific procedure, and supportive procedural components.
Permitted Locations is defined in Section 5.2.
Permitted Locations means, collectively, the following locations where Collateral may be located from time to time: (a) locations identified in the Perfection Certificate (as the same may be updated from time to time as permitted hereunder), (b) locations with respect to which Borrowers have complied with the requirements of Section 7.2, (c) locations where mobile office equipment (e.g. laptops, mobile phones and the like) may be located with employees in the ordinary course of business, (d) customer sites where testing supplies, samples and lower-level assembly materials are maintained for contracted test performance in the ordinary course of business, (e) other locations where, in the aggregate for all such locations, less than Fifty Thousand Dollars ($50,000) of Collateral is located and (f) in transit between any of the foregoing
Permitted Locations are locations for Collateral outside of Borrower’s possession in the ordinary course of its business and (i) not covered by a bailee agreement reasonably acceptable to Bank, with an aggregate value not to exceed Five Hundred Thousand Dollars ($500,000), including without limitation, at co-location facilities, locations where mobile goods, including computers, phones and the like, may be located with employees and consultants of Borrower, and locations where Collateral may be temporarily located for sales, testing or demonstration purposes, or (ii) covered by a bailee agreement reasonably acceptable to Bank. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) as permitted under Sections 7.1(d) and 7.1(e), (b) over-the-counter software and software that is commercially available to the public, (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate or as otherwise disclosed to Bank in writing from time to time, and (d) immaterial Intellectual Property licensed to Borrower. To Borrower’s knowledge, each Patent (other than patent applications) which it owns or purports to own and which is material to Borrower’s business is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business has been judged invalid or unenforceable, in whole or in part. To the best of Borrower’s knowledge, no claim has been made that any part of the Intellectual Property violates the rights of any third party except to the extent such claim would not reasonably be expected to have a material adverse effect on Borrower’s business. The Perfection Certificate lists all Restricted Licenses to which Borrower is a party to, or is it bound by as of the Restatement Date.