Common use of Change of Name; Location of Collateral; Records; Place of Business Clause in Contracts

Change of Name; Location of Collateral; Records; Place of Business. (a) Each Grantor agrees to furnish to the Collateral Agent at least fifteen (15) days (or such shorter period of time as may be agreed to by the Collateral Agent) prior written notice of any change (i) in its corporate, limited liability company or partnership name, (ii) in the location of its chief executive office or its principal place of business (including the establishment of any such new office or facility), (iii) in its organizational structure or (iv) in its Federal Taxpayer Identification Number or state organizational number. Each Grantor agrees not to effect or permit any change referred to above in this Section 4.01 unless all filings have been made under the Uniform Commercial Code or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected Lien (prior and superior in right and interest to any other Person other than with respect to Permitted Liens) in all the Collateral. Each Grantor agrees promptly to notify the Collateral Agent if any material portion of the Collateral owned or held by such Grantor is damaged or destroyed.

Appears in 2 contracts

Samples: Security Agreement (Great Atlantic & Pacific Tea Co Inc), Security Agreement (Great Atlantic & Pacific Tea Co Inc)

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Change of Name; Location of Collateral; Records; Place of Business. (a) Each Grantor agrees to furnish to the provide Collateral Agent at least fifteen with twenty (1520) days (or such shorter period of time as may be agreed to by the Collateral Agent) days’ prior written notice of with respect to any change (i) in its corporatename, limited liability company corporate structure or partnership namejurisdiction of organization, (ii) in the location of its chief executive office or office, its principal place of business business, any office in which it maintains books or records relating to Collateral owned by it or any office or facility at which Collateral owned by it is located (including the establishment of any such new office or facility), ) or (iii) in its organizational structure or (iv) in its Federal Taxpayer Identification Number or state organizational identification number. Each Grantor agrees not to effect or permit any change referred to above in this Section 4.01 the preceding sentence unless all filings have been promptly are made under the Uniform Commercial Code UCC or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected Lien (prior and superior in right and interest to any other Person other than with respect to Permitted Liens) Security Interest in all the CollateralCollateral with the same priority as prior to such change. Each Grantor agrees promptly to notify the Collateral Agent if any material portion of the Collateral owned or held by such Grantor is damaged or destroyed.

Appears in 1 contract

Samples: Security Agreement (Jeffboat LLC)

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Change of Name; Location of Collateral; Records; Place of Business. (a) Each Grantor agrees promptly to furnish to notify the Collateral Agent at least fifteen (15) days (or such shorter period of time as may be agreed to by the Collateral Agent) prior written notice in writing of any change (i) in its corporate, limited liability company corporate name or partnership namein any trade name used to identify it in the conduct of its business or in the ownership of its properties, (ii) in the location of its chief executive office or office, its principal place of business business, any office in which it maintains books or records relating to Collateral owned by it or any office or facility at which Collateral owned by it is located (including the establishment of any such new office or facility), (iii) in its organizational identity or corporate structure or (iv) in its Federal Taxpayer Identification Number or state organizational numberNumber. Each Grantor agrees not to effect or permit any change referred to above in this Section 4.01 the preceding sentence unless all filings have been made under the Uniform Commercial Code or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected Lien (prior and superior in right and first priority security interest to any other Person other than with respect to Permitted Liens) in all the CollateralCollateral subject only to Liens permitted pursuant to Section 6.02 of the Credit Agreement. Each Grantor agrees promptly to notify the Collateral Agent if any material portion of the Collateral owned or held by such Grantor is damaged or destroyed.

Appears in 1 contract

Samples: Security Agreement (MTS Inc)

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