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.
Appears in 2 contracts
Sources: Credit Facility and Security Agreement (Dynamic Materials Corp), Credit Facility and Security Agreement (Dynamic Materials Corp)