Example ContractsClausesLocation of Collateral
Location of Collateral
Location of Collateral contract clause examples

Location of Collateral. All material tangible items of Collateral, other than Inventory in transit, shall at all times be kept by the Borrowers at locations owned or leased by an Obligor, at customer locations, at locations in respect of which Administrative Agent has received a Lien Waiver (or taken a Rent and Charges Reserve) or at manufacturer locations or other locations for the purposes of repair or servicing of such Collateral, except that the Borrowers may make sales or other dispositions of Collateral in accordance with [Section 10.2.9]. [Schedule 8.7.1] lists all locations where Collateral is located as of the Closing Date.

(i) There is no location at which any Loan Party (excluding any Foreign Unsecured Loan Party) has any Inventory (except for Inventory in transit) or other tangible Collateral with a value equal to the Dollar Equivalent of $500,000 or greater other than those locations listed on [Schedule 4.4] hereto (as such Schedule may be updated from time to time in accordance with this Agreement); # [Schedule 4.4] hereto (as such Schedule may be updated from time to time in accordance with this Agreement) contains a correct and complete list of the legal names and addresses of all warehouses at which Inventory of any Loan Party (excluding any Foreign Unsecured Loan Party) with a value equal to the Dollar Equivalent of $500,000 or greater is stored; none of the receipts received by any such Loan Party from any warehouse states that the goods covered thereby are to be delivered to bearer or to the order of a named Person or to a named Person and such named Person’s assigns; # [Schedule 4.4] hereto (as such Schedule may be updated from time to time in accordance with this Agreement) sets forth a correct and complete list of # the chief executive office of each Loan Party, # each business location at which any unique books and records (not duplicated at the applicable corporate headquarters of such Loan Party) of any Loan Party are kept, and # each business location of any Loan Party (excluding any Foreign Unsecured Loan Party) or third-party warehouse/bailee/processor of any Loan Party (excluding any Foreign Unsecured Loan Party) at which tangible Collateral with a fair market value, as to each such location, in excess of $500,000 is located, and # [Schedule 4.4] hereto sets forth a correct and complete list as of the Closing Date of the location, by state and street address, of all Real Property owned or leased by each Loan Party, identifying which Real Properties are owned and which are leased, together with the names and addresses of any landlords or other third parties in possession, custody or control of any Collateral with a value equal to the Dollar Equivalent of $500,000 or greater.

With respect to the Collateral, at the time the Collateral becomes subject to Agent's security interest: # each Credit Party shall be the sole owner of or have rights or an interest in, and be fully authorized and able to sell, transfer, pledge and/or grant a first priority security interest in each and every item of its respective Collateral to Agent, subject to Permitted Encumbrances; and, except for Permitted Encumbrances the Collateral shall be free and clear of all Liens whatsoever; # each document and agreement executed by each Credit Party or delivered to Agent or any Lender in connection with this Agreement shall be true and correct in all material respects; # all signatures and endorsements of each Credit Party that appear on such documents and agreements shall be genuine and each Credit Party shall have full capacity to execute same; and # each Credit Party's Equipment and Inventory shall be located as set forth on [Schedule 4.4] (unless such Equipment or Inventory is being utilized for a project and at a customer's location; provided, that in any event no Eligible Fleet Assets shall be located within any Ineligible Location), or at such other locations as a Credit Party may from time to time notify Agent.

The Collateral is and shall remain in the possession or control of the applicable Credit Party at the Permitted Collateral Locations.

Location of Collateral. All tangible items of Collateral shall at all times be kept by Borrowers at the business locations set forth in [Schedule 8.6.1] to the Disclosure Letter, except that Borrowers may # make sales or other dispositions of Collateral in accordance with [Section 10.2.6]; and # move Collateral to another location in the United States, upon prior written notice to Lender.

Location of Collateral. All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by Obligors at the business locations set forth in [Schedule 8.6.1] of the Disclosure Schedule, except that Obligors may # make sales or other dispositions of Collateral in accordance with Section 10.2.6; and # move Collateral to another location in the United States (or, if such Collateral is outside the United States and has a value of less than $100,000, to another location outside the United States), upon 30 days’ prior written notice to Agent.

Location of Collateral. All tangible items of Collateral, other than Inventory in transit and items of Collateral with an aggregate value not in excess of $2,500,000, shall at all times be kept by Borrowers at the business locations set forth in [Schedule 8.6.1], except that Borrowers may # make sales or other dispositions of Collateral in accordance with [Section 10.2.6]; and # move Collateral to another location in the United States, upon 30 days (or such lesser period as Agent may agree) prior written notice to Agent (which notice shall be deemed to supplement [Schedule 8.6.1]).

With respect to the Collateral, at the time the Collateral becomes subject to Agent's security interest: # each Credit Party shall be the sole owner of or have rights or an interest in, and be fully authorized and able to sell, transfer, pledge and/or grant a first priority security interest in each and every item of its respective Collateral to Agent, subject to Permitted Encumbrances; and, except for Permitted Encumbrances the Collateral shall be free and clear of all Liens whatsoever; # each document and agreement executed by each Credit Party or delivered to Agent or any Lender in connection with this Agreement shall be true and correct in all material respects; # all signatures and endorsements of each Credit Party that appear on such documents and agreements shall be genuine and each Credit Party shall have full capacity to execute same; and # each Credit Party's Equipment and Inventory shall be located as set forth on [Schedule 4.4] (unless such Equipment or Inventory is being utilized for a project and at a customer's location; provided, that in any event no Eligible Fleet Assets shall be located within any Ineligible Location), or at such other locations as a Credit Party may from time to time notify Agent.

Name; Location of Collateral. Borrower shall not: # change the locations at which the Collateral or any books, records, contracts, writings, documents of title, or other documents, agreements or instruments related thereto are located, stored or maintained, without the prior written approval from Lender # change its chief executive office and principal place of business without providing Lender with at least 30 days advance written notice thereof; # adopt or make use of any fictitious or trade name not disclosed elsewhere in this Agreement; or # change its name, identity or corporate structure or change its state of charter or organization without the prior written consent of Lender which consent shall not be unreasonably withheld or conditioned.

Location of the Collateral. Grantor will hangar or keep the Collateral at its home airport or base location (the "Home Airport"), which Is:

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