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 promptly to notify the Collateral Agent in writing of any change (i) in its corporate name, (ii) in the location of its chief executive office, its principal place of 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 identity or corporate structure or (iv) in its Federal Taxpayer Identification Number. Each Grantor agrees not to effect or permit any change referred to in 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 first priority security interest 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 1 contract

Samples: Credit Agreement (Trimas Corp)

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Change of Name; Location of Collateral; Records; Place of Business. (a) Each Grantor agrees promptly will provide to notify the Collateral Agent in writing prompt written notice of (a) any change (i) in its corporate namename or in 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, its principal place of 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 identity or corporate structure or jurisdiction of incorporation or formation, or (iv) in its Federal Taxpayer Identification NumberNumber or organizational identification number assigned to it by its state of organization or (b) the acquisition by any Grantor of any property for which additional filings or recordings are necessary to perfect and maintain the Collateral Agent’s Security Interest therein. Each Grantor agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been 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 first priority security interest in all of 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 1 contract

Samples: Security Agreement (Advanced Audio Concepts, LTD)

Change of Name; Location of Collateral; Records; Place of Business. (a) Each The Grantor agrees promptly to notify give the Collateral Agent in writing prompt written notice of any change (i) in its corporate namename or in 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, its principal place of 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 identity or corporate structure or (iv) in its Federal Taxpayer Identification Number, or (v) the acquisition by the Grantor of any property for which additional filings or recordings are necessary to perfect and maintain the Collateral Agent's Security Interest therein. Each The Grantor agrees not to effect or permit any change referred to in 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 first priority security interest in all the Collateral. Each The Grantor agrees promptly to notify the Collateral Agent if any material portion of the Collateral owned or held by such the Grantor is damaged or destroyed.

Appears in 1 contract

Samples: Security Agreement (Lamonts Apparel Inc)

Change of Name; Location of Collateral; Records; Place of Business. (a) Each The Grantor agrees promptly to notify the Collateral Agent in writing of any change (i) any change in its corporate namelegal name or in any trade name used to identify it in the conduct of its business or in the ownership of its properties, (ii) any change in the location of its chief executive office, its principal place of business, any office in which it maintains books or records relating to Collateral owned by it it, or any office or facility at which Collateral owned by it is located (located, including the establishment of any such new office or facility), (iii) any change in its identity or corporate structure or organizational structure, (iv) any change in its Federal Taxpayer Identification NumberNumber or organizational number, if any, assigned to it by its state of organization, or (v) the acquisition by the Grantor of any property for which additional filings or recordings are necessary to perfect and maintain the Collateral Agent’s Security Interest therein. Each Grantor agrees not to effect or permit any change referred to in the preceding sentence unless Upon receipt of such notice, Collateral Agent shall promptly make all filings have been 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 first priority security interest in all of the Collateral. Each , and the Grantor agrees promptly not to notify effect or permit any change referred to in the preceding sentence until all such filings have been made by the Collateral Agent if any material portion of the Collateral owned or held by such Grantor is damaged or destroyedAgent.

Appears in 1 contract

Samples: Security Agreement (American Color Graphics Inc)

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Change of Name; Location of Collateral; Records; Place of Business. (a) Each Grantor agrees promptly to notify the Collateral Agent in writing of any change (i) any change in its corporate namename or in any trade name used to identify it in the conduct of its business or in the ownership of its properties, (ii) any change in the location of its chief executive office, its principal place of business, any office in which it maintains books or records relating to Collateral owned by it it, or any office or facility at which Collateral owned by it is located (located, including the establishment of any such new office or facility), (iii) any change in its identity or corporate structure or structure, (iv) any change in its Federal Taxpayer Identification NumberNumber or organizational number assigned to it by its state of organization, or (v) the acquisition by any Grantor of any property for which additional filings or recordings are necessary to perfect and maintain the Collateral Agent’s Security Interest therein. Each Grantor agrees not to effect or permit any change referred to in the preceding sentence unless such Grantor has given to the Collateral Agent at least ten (10) days prior written notice of any such change in order to permit the Collateral Agent to make all filings have been 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 first priority security interest in all of 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 1 contract

Samples: Security Agreement (Dri I Inc)

Change of Name; Location of Collateral; Records; Place of Business. (a) Each Grantor agrees promptly will provide to notify the Collateral Agent in writing prompt written notice of (a) any change (i) in its corporate namename or in 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, its principal place of 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 identity or corporate structure or jurisdiction of incorporation or formation, or (iv) in its Federal Taxpayer Identification NumberNumber or organizational identification number assigned to it by its state of organization or (b) the acquisition by any Grantor of any property for which additional filings or recordings are necessary to perfect and maintain the Collateral Agent’s Security Interest therein. Each Grantor agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been 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 first second priority security interest in all of 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 1 contract

Samples: Security Agreement (Advanced Audio Concepts, LTD)

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