Common use of As to Equipment and Inventory Clause in Contracts

As to Equipment and Inventory. (a) Each Grantor will keep the Equipment and Inventory of such Grantor (other than Inventory sold in the ordinary course of business) at the places therefor specified in Section 9(b) or at such other locations designated by the Grantor by written notice to the Administrative Agent within 10 days of the placement of any Equipment and Inventory at such other locations. Upon the giving of such notice, Schedule IV shall be automatically amended to add any new locations specified in the notice.

Appears in 5 contracts

Samples: Security Agreement (Grubb & Ellis Co), Security Agreement (Grubb & Ellis Co), Security Agreement (Grubb & Ellis Co)

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As to Equipment and Inventory. (a) Each Grantor will keep the Equipment and Inventory of such Grantor (other than Inventory sold in the ordinary course of business) at the places therefor specified in Section 9(b7(b) or or, upon 10 days’ prior written notice to the Collateral Agent, at such other locations places designated by the Grantor by written notice to the Administrative Agent within 10 days of the placement of any Equipment and Inventory at in such other locationsnotice. Upon the giving of such notice, Schedule IV III shall be automatically amended to add any new locations specified in the notice.

Appears in 1 contract

Samples: Security Agreement (Consol Energy Inc)

As to Equipment and Inventory. (a) Each Grantor will keep the Equipment and Inventory of such Grantor (other than Inventory sold in the ordinary course of business) at the places therefor specified in Section 9(b) or or, upon 30 days’ prior written notice to the Collateral Agent, at such other locations places designated by the Grantor by written notice to the Administrative Agent within 10 days of the placement of any Equipment and Inventory at such other locations. Upon the giving of in such notice, Schedule IV shall be automatically amended to add any new locations specified in the notice.

Appears in 1 contract

Samples: Security Agreement (Leap Wireless International Inc)

As to Equipment and Inventory. (a) Each Grantor will keep the Equipment and Inventory of such Grantor (other than Inventory sold in the ordinary course of business) at the places therefor specified in Section 9(b) or at such other locations designated by the Grantor by or, upon 10 days' prior written notice to the Administrative Agent within 10 days of the placement of any Equipment and Inventory Agent, at such other locationsplaces designated by the Grantor in such notice; provided that such Grantor shall not be required to so notify the Administrative Agent if the value of such Equipment or Inventory is less than $50,000. Upon the giving of such notice, Schedule IV shall be automatically amended to add any new locations specified in the notice.

Appears in 1 contract

Samples: Pledge and Security Agreement (Marvel Enterprises Inc)

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As to Equipment and Inventory. (a) Each Grantor will keep the Equipment and Inventory of such Grantor (other than Inventory sold in the ordinary course of business) at the places therefor specified in Section 9(b8(a) or at such other locations designated by the Grantor by or, upon 30 days' prior written notice to the Administrative Agent within 10 days of the placement of any Trustee, at such other places in a jurisdiction where all action required by Section 9 shall have been taken with respect to such Equipment and Inventory at such other locations. Upon (and, upon the giving taking of such noticeaction in such jurisdiction, Schedule IV II hereto shall be automatically amended to add any new locations specified in the noticeinclude such other places).

Appears in 1 contract

Samples: Pledge and Security Agreement (Caremark Rx Inc)

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