Common use of Change of Name or Jurisdiction of Borrower; Records Clause in Contracts

Change of Name or Jurisdiction of Borrower; Records. The Borrower (a) shall not change its name or jurisdiction of organization, without 30 days’ prior written notice to the Facility Agent and satisfaction of the Rating Condition, (b) shall not move, or consent to the Servicer or Collateral Custodian moving, the Loan Documents without 30 days’ prior written notice to the Facility Agent and (c) will promptly take all actions required by each relevant jurisdiction in order to continue the first priority perfected security interest of the Facility Agent as agent for the Secured Parties in all Collateral (except for Borrower Permitted Liens), and such other actions as the Facility Agent may reasonably request.

Appears in 5 contracts

Samples: Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp)

AutoNDA by SimpleDocs

Change of Name or Jurisdiction of Borrower; Records. The Borrower (a) shall not change its name or jurisdiction of organization, without 30 days’ prior written notice to the Facility Agent and satisfaction of the Rating ConditionAgent, (b) shall not move, or consent to the Servicer or Collateral Custodian moving, the Loan Documents without 30 days’ prior written notice to the Facility Agent and (c) will promptly take all actions required by each relevant jurisdiction in order to continue the first priority perfected security interest of the Facility Agent as agent for the Secured Parties in all Collateral (except for Borrower Permitted Liens), and such other actions with respect to the security interest of the Facility Agent in the Collateral as the Facility Agent may reasonably request.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp)

AutoNDA by SimpleDocs

Change of Name or Jurisdiction of Borrower; Records. The Borrower (a) shall not change its name or jurisdiction of organization, without 30 days’ prior written notice to the Facility Agent and satisfaction of the Rating ConditionAgent, (b) shall not move, or consent to the Servicer or {B2297203; 11} - 41 - Collateral Custodian moving, the Loan Documents without 30 days’ prior written notice to the Facility Agent and (c) will promptly take all actions required by each relevant jurisdiction in order to continue the first priority perfected security interest of the Facility Agent as agent for the Secured Parties in all Collateral (except for Borrower Permitted Liens), and such other actions with respect to the security interest of the Facility Agent in the Collateral as the Facility Agent may reasonably request.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Prospect Capital Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.