CHANGES AFFECTING PERFECTION. No Borrower shall nor shall any Borrower permit any Subsidiary to, without giving the Lender at least thirty (30) days prior written notice thereof: (a) make any change in any location where Inventory or Equipment of such Borrower or such Subsidiary is maintained, or locate any of such Inventory or Equipment at any location not listed on the Disclosure Schedule (other than in connection with sales of Inventory or Equipment in the ordinary course of business or Inventory or Equipment in transit), (b) change its jurisdiction of organization or make any change in the location of its chief executive office, principal place of business or the office where its records pertaining to its Accounts and General Intangibles are kept, (c) add any new places of business or (d) make any change in its legal name or corporate structure.
CHANGES AFFECTING PERFECTION. No Credit Party will change its name or the location of any of its assets, head office or chief executive office except, in the case of inventory or equipment if it is moved in the ordinary course of the DAVIDsTEA Business or pursuant to a transfer to another Credit Party and the Credit Parties have complied with their obligations to continuously maintain the Security in accordance with Section 7.1.
CHANGES AFFECTING PERFECTION. The Company shall not, without giving the Bank thirty (30) days prior notice thereof: (a) make any change in any location where Company's Equipment or material amounts of Company's Inventory is maintained or locate any of the Company's Equipment or material amounts of the Company's Inventory at any new locations, (b) make any change in the location of its chief executive office, principal place of business or the office where Company's records pertaining to its Accounts and General Intangibles are kept, (c) add any new places of business or close any of its existing places of business, (d) make any change in Company's name or adopt any trade names, assumed names or fictitious names or otherwise add any name under which the Company does business, or (e) make any other change (other than sales of Inventory in the ordinary course of business) which might affect the perfection or priority of the Bank's Lien in the Collateral.
CHANGES AFFECTING PERFECTION. 9 4.4 PROTECTION OF COLLATERAL; REIMBURSEMENT..........................9 4.5
CHANGES AFFECTING PERFECTION. Neither the Borrower nor any Subsidiary Guarantor shall, without giving the Agent at least twenty (20) days prior notice thereof: (a) make any change in any location where Equipment of the Borrower or such Subsidiary Guarantor is maintained, or locate any of such Equipment at any new locations, (b) change its state of incorporation, or (c) make any change in its name or type of entity (i.e., corporation, limited liability company, limited partnership, etc.).
CHANGES AFFECTING PERFECTION. No Pledging Borrower and no US Subsidiary shall make any change in the location of the Collateral or locate any of such Collateral at any new locations unless such new location is (i) a warehouse, bailee or consignee of the Pledging Borrower or a US Subsidiary, (ii) is located outside of the United States, (iii) a location at which such Collateral will be located for less than four (4) months or (iv) a location with respect to which the Pledging Borrower has given the Administrative Agent notice of such new location within thirty (30) days after such change of location. No Pledging Borrower and no US Subsidiary shall, without giving the Administrative Agent thirty (30) days prior notice thereof: (a) make any change in the place of incorporation, the location of its chief executive office, principal place of business, (b) make any change in its name or adopt any trade names, assumed names or fictitious names or otherwise add any name under which such Pledging Borrower or US Subsidiary does business or (c) make any other change out of the ordinary course of business which might affect the perfection or priority of the Administrative Agent's Lien in the Collateral located at the Collateral Locations.
CHANGES AFFECTING PERFECTION. No Borrower shall nor shall it permit any Domestic Subsidiary thereof to, without giving the Administrative Agent at least ten (10) days prior notice thereof: (a) make any change in any location where Inventory of such Borrower or any of its Domestic Subsidiaries valued at more than Five Hundred Thousand Dollars ($500,000) is maintained, or locate any of such Inventory or at any new locations (other than in connection with sales of Inventory in the ordinary course of business or Inventory in transit), (b) change its state of incorporation or make any change in the location of its chief executive office, principal place of business or the office where its records pertaining to its Accounts and General Intangibles are kept, (c) add any new places of business and (d) make any change in its name or corporate structure.
CHANGES AFFECTING PERFECTION. The Borrower shall not, and shall not permit any of its Subsidiary Guarantors to, without giving the Agent thirty (30) days prior notice thereof: (a) make any change in any location where Borrower's or such Subsidiary Guarantor's Inventory is maintained, or locate any of Borrower's or such Subsidiary Guarantor's Inventory at any new locations (other than in connection with sales of Inventory in the ordinary course of business), (b) make any change in the location of its chief executive office, principal place of business or the office where the Borrower's or such Subsidiary Guarantor's records pertaining to its Accounts are kept, (c) add any new places of business or close any of its existing places of business, (d) make any change in its name or corporate structure, adopt new trade names, assumed names or fictitious names or otherwise add any name under which it does business, (e) make any other change (other than sales of Inventory in the ordinary course of business) which might affect the perfection or priority of the Agent's Lien in the Collateral. Neither the Borrower nor any of the Subsidiary Guarantors shall maintain Inventory at any consignee in an amount in excess of Fifty Thousand Dollars ($50,000) per location unless Borrower gives the Agent notice of the location and amount of such consigned Inventory for each location at which the Inventory exceeds Fifty Thousand Dollars ($50,000) within five (5) business days after the Inventory is moved, delivered or taken to such location.
CHANGES AFFECTING PERFECTION. 39 4.5 PROTECTION OF COLLATERAL; REIMBURSEMENT.............................................................40 4.6 FIELD EXAMINATION AND COLLATERAL AUDIT; INSPECTION; VERIFICATION; APPRAISALS........................40 4.7 REPORTING REGARDING ACCOUNTS AND SCHEDULES OF ACCOUNTS..............................................41 4.8
CHANGES AFFECTING PERFECTION. Neither the Borrower nor any Subsidiary Guarantor shall, nor shall the Borrower and any Subsidiary Guarantor permit any their respective Subsidiaries to, without giving the Administrative Agent at least twenty (20) days prior notice thereof: (a) make any change in any location where Inventory or Equipment of the Borrower or such Subsidiary Guarantor or any of their respective Subsidiaries is maintained, or locate any of such Inventory or Equipment at any new locations (other than in connection with sales of Inventory in the ordinary course of business), (b) change its state of incorporation or make any change in the location of its chief executive office, principal place of business or the office where its records pertaining to its Accounts and General Intangibles are kept, (c) add any new places of business and (d) make any change in its name or corporate structure, adopt new trade names, assumed names or fictitious names or otherwise add any name under which the Borrower or such Subsidiary Guarantor does business.
