Common use of Change in Location or Name Clause in Contracts

Change in Location or Name. Timexpress shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless Timexpress and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless Timexpress and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless Timexpress and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless Timexpress and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Change in Location or Name. Timexpress Jetride shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless Timexpress Jetride and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless Timexpress Jetride and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless Timexpress Jetride and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless Timexpress Jetride and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Change in Location or Name. Timexpress Float shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless Timexpress Float and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless Timexpress Float and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless Timexpress Float and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless Timexpress Float and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Change in Location or Name. Timexpress AirNet shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless Timexpress and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless Timexpress and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless Timexpress and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless Timexpress and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Change in Location or Name. Timexpress AMI shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless Timexpress AMI and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless Timexpress AMI and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless Timexpress AMI and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless Timexpress AMI and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Change in Location or Name. Timexpress Fast Forward shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless Timexpress Fast Forward and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless Timexpress Fast Forward and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless Timexpress Fast Forward and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless Timexpress Fast Forward and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.