Examples of U.S. Loan Party in a sentence
Each U.S. Loan Party will safeguard and protect all Collateral for Lender’s general account and make no disposition thereof whether by sale, lease or otherwise except for the sale of Inventory in the ordinary course of business.
Within 5 Business Days of any such termination Lender will, at such U.S. Loan Party’s expense, execute and deliver to such U.S. Loan Party such documents as such U.S. Loan Party shall reasonably request to evidence such termination.
By its signature hereto, each U.S. Loan Party hereby authorizes Lender to file against such U.S. Loan Party, one or more financing, continuation or amendment statements pursuant to the Uniform Commercial Code in form and substance satisfactory to Lender (which statements may have a description of Collateral which is broader than that set forth herein).
During such period no U.S. Loan Party shall, without Lender’s prior written consent, pledge, sell (except Inventory in the ordinary course of business), assign, transfer, create or suffer to exist a Lien upon or encumber or allow or suffer to be encumbered in any way except for Permitted Liens, any part of the Collateral.
Each U.S. Loan Party shall cooperate fully with all of Lender’s efforts to preserve the Collateral and will take such actions to preserve the Collateral as Lender may direct.