Common use of Continuous Perfection Clause in Contracts

Continuous Perfection. The Company will not change its name, identity or corporate structure in any manner unless the Company shall have given the Secured Parties at least 10 days' prior written notice thereof and shall have taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by any Secured Party to amend any financing statement or continuation statement filed with respect to the Collateral so that it is not misleading.

Appears in 11 contracts

Samples: Security Agreement (Itec Environmental Group Inc), Security Agreement (Itec Environmental Group Inc), Security Agreement (Itec Environmental Group Inc)

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Continuous Perfection. The Company will not change its name, identity or corporate structure in any manner unless the Company shall have given the Secured Parties Lender at least 10 days' prior written notice thereof and shall have taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by any Secured Party the Lender to amend any financing statement or continuation statement filed with respect to the Collateral so that it is not misleading.

Appears in 1 contract

Samples: Security Agreement (Viva International Inc)

Continuous Perfection. The Company will not change its name, identity or corporate structure in any manner unless the Company shall have given the Secured Parties Investors at least 10 days' prior written notice thereof and shall have taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by any Secured Party the Investor to amend any financing statement or continuation statement filed with respect to the Collateral so that it is not misleading.

Appears in 1 contract

Samples: Convertible Note and Warrant Purchase Agreement (Eco2 Plastics Inc)

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Continuous Perfection. The Company will not change its name, identity or corporate structure in any manner unless the Company shall have given the Secured Parties Lender at least 10 days' ’ prior written notice thereof and shall have taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by any Secured Party the Lender to amend any financing statement or continuation statement filed with respect to the Collateral so that it is not misleading.

Appears in 1 contract

Samples: Security Agreement (Better Biodiesel, Inc)

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