Change of Name or Location of Servicer Files or Receivable Files. The Servicer shall not (i) change its name or its State of organization or move the location of its principal place of business and chief executive office from the locations referred to in Schedule D or (ii) move the Receivables (including the Receivable Files or the Servicer Files) from the locations referred to in Schedule D (other than to another branch of Regional Management within the same State) without the prior written consent of the Required Lenders, provided that such consent may not be unreasonably withheld, and further provided that, the Servicer shall take all actions required under the UCC of each relevant jurisdiction in order to continue the first priority perfected security interest of the Administrative Agent for the benefit of the Secured Parties, in the Collateral, subject only to Permitted Liens. In addition, if the Servicer moves the Receivable (including the Receivable Files or the Servicer Files) from the location thereof referred to in Schedule D to another branch of Regional Management within the same State, the Servicer shall deliver written notice thereof to the Administrative Agent and the Lenders within 90 days following such move.
Appears in 2 contracts
Sources: Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.)