Common use of New Collateral Locations Clause in Contracts

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 11 contracts

Samples: Loan and Security Agreement (Image Entertainment Inc), Loan and Security Agreement (HyperSpace Communications, Inc.), Loan and Security Agreement (Natrol Inc)

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New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty fifteen (3015) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 4 contracts

Samples: Loan and Security Agreement (Freedom Group, Inc.), Loan and Security Agreement (C&d Technologies Inc), Loan and Security Agreement (Freedom Group, Inc.)

New Collateral Locations. Each Borrower and Guarantor may only open any new ------------------------ location within the continental United States provided such Borrower or and Guarantor (a) gives Agent give Lender thirty (30) days days' prior written notice of the intended opening of any such new location and (b) executes execute and deliversdeliver, or causes cause to be executed and delivered, to Agent Lender such agreements, documents, and instruments as Agent Lender may deem reasonably necessary or desirable to protect its the interests of Lender and Collateral Agent in the Collateral at such location.

Appears in 3 contracts

Samples: Loan Agreement (RBX Industries Inc), Loan Agreement (RBX Corp), Loan Agreement (RBX Corp)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lexington Precision Corp), Loan and Security Agreement (Lexington Precision Corp)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty twenty (3020) days prior written notice of the intended opening of any such new location (or as soon as practically possible but in any event no later than five (5) days after Borrower or any Collateral is located at such location) and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 2 contracts

Samples: Loan and Security Agreement (Atlantic Express Transportation Corp), Loan and Security Agreement (Atlantic Paratrans of Arizona, Inc.)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty twenty (3020) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hancock Fabrics Inc), Loan and Security Agreement (Hancock Fabrics Inc)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States and Canada provided such Borrower or Guarantor (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Pillowtex Corp)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty fifteen (3015) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Delta Apparel, Inc)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided if such Borrower or Guarantor (a) gives Agent and Collateral Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent and Collateral Agent may deem reasonably necessary or desirable to protect its Collateral Agent’s interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan Agreement (Listerhill Total Maintenance Center LLC)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty five (305) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Perry Ellis International Inc)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent Lender thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent Lender such agreements, documentsdocu-ments, and instruments as Agent Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Langer Inc)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States of America provided such Borrower or Guarantor (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location within thirty (30) days after such opening and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its Agent’s interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Brass & Copper Holdings, Inc.)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may reasonably deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Pacific Ethanol, Inc.)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States or deliver Collateral, in the ordinary course of business, to new third party processor locations provided such Administrative Borrower or Guarantor Representative (a) gives Agent thirty fifteen (3015) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (International Wire Group Inc)

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New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty ten (3010) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (American Biltrite Inc)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent Lender thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent Lender such agreements, documents, and instruments as Agent Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Ico Inc)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty fifteen (3015) days prior written notice from Borrower of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Delta Apparel Inc)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States or deliver Collateral, in the ordinary course of business, to new third party processor locations provided such Administrative Borrower or Guarantor Representative (a) gives Agent thirty fifteen (3015) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to 80 Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (International Wire Group Inc)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty fifteen (3015) days days' prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (C&d Technologies Inc)

New Collateral Locations. Each Borrower and each Guarantor may only open any new location within the continental United States provided such Borrower or such Guarantor (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Rouge Industries Inc)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such locationlocation to the extent the value of Collateral at such location is in excess of $250,000 individually or in the aggregate for all such locations.

Appears in 1 contract

Samples: Loan and Security Agreement (Keystone Consolidated Industries Inc)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Administrative Agent thirty (30) days prior written notice of the intended opening of any such new location at which Inventory will be located having a value of more than $100,000 and (b) executes and delivers, or causes to be executed and delivered, to Administrative Agent such agreements, documents, and instruments as Administrative Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Newark Group, Inc)

New Collateral Locations. Each Borrower and each Guarantor may only open any new location within the continental United States provided such Borrower or such Guarantor (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Lighting Science Group Corp)

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