Common use of Change of Name or Location of Loan Files Clause in Contracts

Change of Name or Location of Loan Files. Neither the New Parent nor the Seller shall (x) change its name, move the location of its principal place of business and chief executive office, change the offices where it keeps the records from the location referred to in Section 13.2, or change the jurisdiction of its formation, or (y) move, or consent to the Collateral Custodian or Servicer moving, the Required Asset Documents and the Asset Files from the location thereof on the Closing Date, unless the Seller has given at least 30 days’ written notice to the Administrative Agent and has taken all actions required under the UCC of each relevant jurisdiction in order to continue the first priority perfected security interest of the Administrative Agent, as agent for the Secured Parties, in the Collateral.

Change of Name or Location of Loan Files. Neither The Servicer (so long as it is the New Parent nor the Seller Originator) shall not (xi) change its name, move the location of its principal place of business and chief executive office, change the offices where it keeps records concerning the records Collateral from the location referred to in Section 13.2, or change the jurisdiction of its formation, or (yii) move, or consent to the Collateral Custodian or Servicer Trustee moving, the Required Asset Loan Documents and the Asset Loan Files from the location thereof on the Closing Date, unless the Seller Servicer has given at least 30 days’ written notice to the Administrative Agent and the Trustee and has taken all actions required under the UCC of each relevant jurisdiction in order to continue the first priority perfected security interest of the Administrative Agent, as agent Trustee for the benefit of the Secured Parties, Parties in the Collateral.