Common use of Continuous Perfection Clause in Contracts

Continuous Perfection. Debtor will not change its name, identity, federal tax identification number or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Part 5 of Revised Article 9 of the UCC (or any other then applicable provision of the UCC) unless Debtor shall have given Lender at least 30 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 Lender to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 3 contracts

Samples: Security Agreement (Frankly Inc), Security Agreement (Frankly Inc), Security Agreement (Frankly Inc)

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Continuous Perfection. Debtor Borrower will not change its name, identity, federal tax identification number identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Part 5 of Revised Article 9 Section 9-402 of the UCC (or any other then applicable provision of the UCC) unless Debtor Borrower shall have given Lender Pledgee at least 30 days’ 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 Lender Pledgee to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 2 contracts

Samples: Security Agreement (Take Two Interactive Software Inc), Security Agreement (Take Two Interactive Software Inc)

Continuous Perfection. Debtor No Borrower will not change its name, identity, federal tax identification number identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Part 5 of Revised Article 9 Section 9-402(7) of the UCC (or any other then applicable provision of the UCC) unless Debtor such Borrower shall have given Lender Secured Party at least 30 thirty (30) 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 Lender Secured Party to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 1 contract

Samples: Security Agreement (Educational Medical Inc)

Continuous Perfection. Debtor Borrower will not change its name, identity, federal tax identification number identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Part 5 of Revised Article 9 Section 9-402(g) of the UCC (or any other then applicable provision of the UCC) unless Debtor Borrower shall have given Lender Pledgee at least 30 days’ 40 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 Lender Pledgee to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 1 contract

Samples: Securities Purchase Agreement (Autobond Acceptance Corp)

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Continuous Perfection. Debtor will not change its name, identity, federal tax identification number identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Part 5 of Revised Article 9 section 9-402(7) of the UCC (or any other then applicable provision of the UCC) unless Debtor shall have given Lender at least 30 thirty (30) 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) reasonably necessary or reasonably requested by Lender to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 1 contract

Samples: Security Agreement (Vital Living Inc)

Continuous Perfection. Debtor will not change its name, identity, federal tax identification number identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Part 5 of Revised Article 9 section 9-402(7) of the UCC (or any other then applicable provision of the UCC) unless Debtor shall have given Lender Secured Party at least 30 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) reasonably necessary or reasonably requested by Lender Secured Party to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 1 contract

Samples: Security Agreement (CurrencyWorks Inc.)

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