CHANGE IN COLLATERAL LOCATION Sample Clauses
The "Change in Collateral Location" clause governs the process and requirements for relocating collateral that has been pledged under an agreement. Typically, this clause obligates the party in possession of the collateral to notify the other party and, in some cases, obtain prior written consent before moving the collateral to a new address or jurisdiction. For example, if equipment used as collateral is moved to a different warehouse or state, the secured party must be informed to maintain their security interest. The core function of this clause is to ensure that the secured party can effectively monitor, protect, and enforce their rights over the collateral, thereby reducing the risk of loss or complications arising from undisclosed changes in location.
CHANGE IN COLLATERAL LOCATION. The Debtor will not (a) change its corporate name, (b) change the location of its chief executive office or establish any place of business other than those specified in Section 3.3 of Schedule A, or (c) move or permit movement of the Collateral from the locations specified therein except from one such location to another such location, unless in each case the Debtor shall have given the Agent at least thirty (30) days prior written notice thereof, and shall have, in advance, executed and caused to be filed or delivered to the Agent any financing statements or other documents required by the Agent to perfect the security interest of the Agent in the Collateral in accordance with Section 4.3 of this Agreement, all in form and substance satisfactory to the Agent.
CHANGE IN COLLATERAL LOCATION. Such Guarantor will not (a) change its corporate name, (b) change the location of its chief executive office or establish any place of business other than those specified in Section 3.3 of Schedule A, or (c) move or permit movement of the Collateral from the locations specified therein except from one such location to another such location, unless in each case such Guarantor shall have given the Agent at least thirty (30) days prior written notice thereof, and shall have, in advance, executed and caused to be filed or delivered to the Agent any financing statements or other documents required by the Agent to perfect the security interest of the Agent in the Collateral in accordance with Section 4.3 of this Agreement, all in form and substance satisfactory to the Agent.
CHANGE IN COLLATERAL LOCATION. No Loan Party shall change the location of any Collateral with an aggregate book value in excess of $3,000,000 to a location other than the locations owned or leased by a Loan Party as set forth on Schedule 4.1.24, without the prior written consent of the Lender.
CHANGE IN COLLATERAL LOCATION. The Debtor will not (i) change its corporate name, (ii) change the location of its chief executive office or establish any place of business other than those specified in Section IIIA of Schedule A, or (iii) move or permit movement of the Collateral from the locations specified therein except from one such location to another such location, unless in each case the Debtor shall have given the Agent at least thirty (30) days prior written notice thereof, and shall have, in advance, executed and caused to be filed and/or delivered to Agent any financing statements or other documents required by Agent to perfect the security interest of the Secured Parties in the Collateral in accordance with Section IVC hereof, all in form and substance satisfactory to the Agent.