Common use of Changes in Name, Corporate Structure or Location Clause in Contracts

Changes in Name, Corporate Structure or Location. (a) During the term of this Agreement, neither the Originator nor the Depositor shall change its name, structure or state of formation without first giving at least 30 days’ prior written notice to the Trustee and the Collateral Manager. (b) If any change in the Originator’s or the Depositor’s name, structure, state of formation, location or other action would make any financing or continuation statement or notice of ownership interest or lien relating to any Conveyed Collateral seriously misleading within the meaning of applicable provisions of the UCC or any title statute, the Originator or the Depositor, as applicable, no later than five Business Days after the effective date of such change, shall file such amendments as may be required to preserve and protect the Depositor’s, the Issuer’s and the Trustee’s respective interests in the Conveyed Collateral.

Appears in 1 contract

Sources: Master Loan Sale Agreement (TICC Capital Corp.)

Changes in Name, Corporate Structure or Location. (a) During the term of this Agreement, neither the Originator nor the Depositor shall change its name, structure or state of formation without first giving at least 30 days’ prior written notice to the Trustee and the Collateral Manager. (b) If any change in the Originator’s or the Depositor’s name, structure, state of formationformation or incorporation, as applicable, location or other action would make any financing or continuation statement or notice of ownership interest or lien relating to any Conveyed Collateral seriously misleading within the meaning of applicable provisions of the UCC or any title statute, the Originator or the Depositor, as applicable, no later than five Business Days after the effective date of such change, shall file such amendments as may be required to preserve and protect the Depositor’s, the Issuer’s and the Trustee’s respective interests in the Conveyed Collateral.

Appears in 1 contract

Sources: Master Loan Sale Agreement (KCAP Financial, Inc.)