Common use of Maintenance of the Collateral Clause in Contracts

Maintenance of the Collateral. Not permit anything to be done to the Collateral which may impair the value thereof. Any of the Lenders or an agent designated by such Lender, shall be permitted to enter the premises of any of the Borrowers and examine, audit and inspect the Collateral at any reasonable time and from time to time without notice. The Lenders shall not have any duty to, and the Borrowers hereby release the Lenders from, all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts or Receivables or to preserve any rights against any other party with an interest in the Collateral.

Appears in 4 contracts

Samples: Financing and Security Agreement (Sunrise Assisted Living Inc), Financing and Security Agreement (Sunrise Assisted Living Inc), Financing and Security Agreement (Sunrise Assisted Living Inc)

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Maintenance of the Collateral. Not No Borrower will permit anything to be done to the Collateral which may impair the value thereof. Any of the Lenders or an agent designated by such Lender, Lender shall be permitted upon prior notice to the Borrowers to enter the premises of any of the Borrowers Borrower and examine, audit and inspect the Collateral at any reasonable time and from time to time without notice. The Lenders shall not have any duty to, and the Borrowers each Borrower hereby release releases the Lenders from, all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts or Receivables or to preserve any rights against any other party with an interest in the Collateral.

Appears in 2 contracts

Samples: Financing and Security Agreement (American Retirement Corp), Financing and Security Agreement (American Retirement Corp)

Maintenance of the Collateral. Not permit anything to be done to the Collateral which may impair the value thereof. Any of the Lenders or an agent designated by such Lender, shall be permitted upon prior notice to the Borrower to enter the premises of any of the Borrowers Borrower and examine, audit and inspect the Collateral at any reasonable time and from time to time without notice. The Lenders shall not have any duty to, and the Borrowers Borrower hereby release releases the Lenders from, all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts or Receivables or to preserve any rights against any other party with an interest in the Collateral.

Appears in 2 contracts

Samples: Financing and Security Agreement (Alternative Living Services Inc), Financing and Security Agreement (Alternative Living Services Inc)

Maintenance of the Collateral. Not Borrower shall not permit anything to be done to the Collateral which may impair the value thereof. Any of the Lenders Upon notice thereof, Agent or an agent designated by such LenderAgent, shall be permitted to enter the premises of any of the Borrowers Borrower and examine, audit and inspect the Collateral at any reasonable time and from time to time without noticetime. The Lenders Agent shall not have any duty to, and the Borrowers Borrower hereby release the Lenders releases Agent from, all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts or Receivables or to preserve any rights against any other party with an interest in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunrise Senior Living Inc)

Maintenance of the Collateral. Not permit anything to be done to the Collateral which may impair the value thereof. Any of the Lenders or an agent designated by such Lender, shall be permitted to enter the premises of any of the Borrowers Guarantors and examine, audit and inspect the Collateral at any reasonable time and from time to time without notice. The Lenders shall not have any duty to, and the Borrowers Guarantors hereby release the Lenders from, all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts accounts or Receivables receivables or to preserve any rights against any other party with an interest in the Collateral.

Appears in 1 contract

Samples: Sunrise Assisted Living Inc

Maintenance of the Collateral. Not permit anything to be done to the Collateral which may impair the value thereof. Any of the Lenders The Lender, or an agent designated by such the Lender, shall be permitted to enter the premises of any of the Borrowers and examine, audit and inspect the Collateral at any reasonable time and from time to time without notice. The Lenders Lender shall not have any duty to, and the Borrowers hereby release the Lenders from, Lender from all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts or Receivables or to to, preserve any rights against any other party with an interest in the Collateral.

Appears in 1 contract

Samples: Financing and Security Agreement (Arguss Holdings Inc)

Maintenance of the Collateral. Not Borrower shall not permit anything to be done to the Collateral which may impair the value thereof. Any of the Lenders Upon notice thereof, Lender or an agent designated by such Lender, shall be permitted to enter the premises of any of the Borrowers Borrower and examine, audit and inspect the Collateral at any reasonable time and from time to time without noticetime. The Lenders Lender shall not have any duty to, and the Borrowers Borrower hereby release the Lenders releases Lender from, all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts or Receivables or to preserve any rights against any other party with an interest in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunrise Senior Living Inc)

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Maintenance of the Collateral. Not permit anything to be done to the Collateral which may impair the value thereof. Any of the Lenders The Lender or an agent designated by such the Lender, shall be permitted to enter the premises of any of the Borrowers and examine, audit and inspect the Collateral at any reasonable time and from time to time without notice. The Lenders Lender shall not have any duty to, and the Borrowers hereby release the Lenders Lender from, all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts or Receivables or to preserve any rights against any other party with an interest in the Collateral.

Appears in 1 contract

Samples: Financing and Security Agreement (Sunrise Assisted Living Inc)

Maintenance of the Collateral. Not permit anything to be done to the Collateral which may impair the value thereof. Any of the Lenders or an agent designated by such Lender, shall be permitted to enter the premises of any of the Borrowers Borrower and examine, audit and inspect the Collateral at any reasonable time and from time to time without notice. The Lenders shall not have any duty to, and the Borrowers Borrower hereby release releases the Lenders from, all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts or Receivables or to preserve any rights against any other party with an interest in the Collateral.

Appears in 1 contract

Samples: Financing and Security Agreement (Sunrise Assisted Living Inc)

Maintenance of the Collateral. Not permit anything to be done to the Collateral which may impair the value thereof. Any of Upon notice thereof, the Lenders Lender or an agent designated by such the Lender, shall be permitted to enter the premises of any of the Borrowers Borrower and examine, audit and inspect the Collateral at any reasonable time and from time to time without noticetime. The Lenders Lender shall not have any duty to, and the Borrowers Borrower hereby release releases the Lenders Lender from, all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts or Receivables or to preserve any rights against any other party with an interest in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunrise Assisted Living Inc)

Maintenance of the Collateral. Not permit anything to be done to the Collateral which may impair the value thereof. Any of the Lenders The Lender, or an agent designated by such the Lender, shall be permitted to enter the premises of any of the Borrowers Company, and the Subsidiaries, and examine, audit and inspect the Collateral at any reasonable time and from time to time without notice. The Lenders Lender shall not have any duty to, and each Borrower hereby releases the Borrowers hereby release the Lenders from, Lender from all claims of loss or damage caused by the delay or failure to collect or enforce any of the Accounts or Receivables or to to, preserve any rights against any other party with an interest in the Collateral.

Appears in 1 contract

Samples: Financing and Security Agreement (Versar Inc)

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