Notice Of Change Of Business Location Or Of Jurisdiction of Organization; Notice of Name Change Sample Clauses

Notice Of Change Of Business Location Or Of Jurisdiction of Organization; Notice of Name Change. Each Borrower and each of the other Loan Parties shall notify the Administrative Agent five (5) days in advance of, (a) any change in the location of its existing offices or places of business or of the jurisdiction in which it is organized, (b) the establishment of any new, or the discontinuation of any existing, places of business, and (c) any change in or addition to the locations at which any material portion of the Collateral (or other property securing the Obligations) is kept. Prior to moving any Collateral (or other property securing the Obligations) to any location not owned by a Loan Party (other than deliveries to Account Debtors of sold or leased goods and premises occupied temporarily by a Borrower in connection with participation at a trade show or similar temporary sales location), each Loan Party shall obtain and deliver to the Administrative Agent an agreement, in form and substance acceptable to the Administrative Agent, pursuant to which the owner of such location shall: (i) subordinate any rights which it may have, or thereafter may obtain, in any of the Collateral or other property to the rights and security interests of the Credit Parties; and (ii) allow the Administrative Agent access to the Collateral or other property in order to remove the Collateral or other property from such location. Each Borrower and each other Loan Party shall notify the Administrative Agent five (5) days in advance of any changes to its name.
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Notice Of Change Of Business Location Or Of Jurisdiction of Organization; Notice of Name Change. Each of the Borrower and the other Loan Parties shall notify the Agent thirty (30) days in advance (or such shorter period as may be agreed to by the Agent) of, (a) any change in the location of its chief executive office, and (b) any change to its name or jurisdiction of organization. Prior to moving any Collateral (or other property securing the Obligations) to any location not owned by a Loan Party (other than deliveries to Account Debtors of sold or leased goods, deliveries to bailees, agents and processors and the delivery of Collateral having a value of less than One Million Dollars ($1,000,000.00) to a warehouse), each Loan Party shall use its commercially reasonable efforts to obtain and deliver to the Agent an agreement, in form and substance acceptable to the Agent, pursuant to which the owner of such location shall: (i) subordinate any rights which it may have, or thereafter may obtain, in any of the Collateral or other property to the rights and security interests of the Credit Parties; and (ii) allow the Agent access to the Collateral or other property in order to remove the Collateral or other property from such location. In addition, if any Collateral having a value in excess of One Million Dollars ($1,000,000.00) is at any time in the possession or control of a bailee or any agent or processor the Borrower shall (a) notify the Agent of such possession, (b) notify such Person of the Agent’s security interest for the benefit of the Lenders in such Collateral, (c) instruct such Person to hold all such Collateral for the Agent’s account subject to the Agent’s instructions and (d) use its commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Agent.
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Notice Of Change Of Business Location Or Of Jurisdiction of Organization; Notice of Name Change. The Borrower and the other Loan Parties shall notify the Administrative Agent within thirty (30) days after (a) any change in its chief executive office, (b) any change in the jurisdiction in which it is organized and (c) any change to its legal name or type of organization.
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Notice Of Change Of Business Location Or Of Jurisdiction of Organization; Notice of Name Change. The Borrower Representative shall notify the Administrative Agent (a) within fifteen (15) days (or such later date agreed to by the Administrative Agent) after any change in the location of any Loan Party’s chief executive office or principal place of business, any Loan Party’s legal name, or of the jurisdiction in which any Loan Party is organized, (b) within five (5) Business Days (or such later date agreed to by the Administrative Agent) after establishing any new place of business or (c) not later than five (5) Business Days (or such later date agreed to by the Administrative Agent) prior to moving any material portion of the Collateral to a new location not previously identified to the Administrative Agent (except for Collateral which (i) is out for repair, (ii) is in transit in the ordinary course of business, (iii) is temporarily in the possession of any Manufacturer (to the extent consistent with industry practices), (iv) is in the possession of (or in transit to) any Credit Party or any of its respective agents, representatives or designees, (v) is at (or in transit to) a location required by Law or any Governmental Authority (provided that to the extent not prohibited by Law, the Borrower Representative shall, within five (5) Business Days after any Collateral is moved to such location in the circumstances described in this clause (v), to notify Administrative Agent of such location), (vi) is in the possession of an employee in the ordinary course of business, (vii) constitutes a Demonstrator or a Service Loaner Vehicle, (viii) is located at (x) a location previously identified to the Administrative Agent and that is owned by a Loan Party or (y) a third party leased location in respect of which the applicable Loan Party shall have complied with Section 5.06 or (ix) is not otherwise subject to an exception under the foregoing clauses (i) through (viii) and the Fair Market Value of such Collateral under this clause (ix) does not exceed $1,000,000 in the aggregate at any time (each location subject to any of the foregoing exceptions (i) through (ix), in each case, to the extent applicable with respect to the applicable item of Collateral, a “Permitted Collateral Location”).
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Notice Of Change Of Business Location Or Of Jurisdiction of Organization; Notice of Name Change. 110109 Section 5.07. Payment Of Taxes 110
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Related to Notice Of Change Of Business Location Or Of Jurisdiction of Organization; Notice of Name Change

  • Name; Jurisdiction of Organization, etc On the date hereof, such Grantor’s exact legal name (as indicated on the public record of such Grantor’s jurisdiction of formation or organization), jurisdiction of organization, organizational identification number, if any, United States taxpayer identification number, if any, and the location of such Grantor’s chief executive office or sole place of business are specified on Schedule 3.4. Each Grantor is organized solely under the law of the jurisdiction so specified and has not filed any certificates of domestication, transfer or continuance in any other jurisdiction. Except as otherwise indicated on Schedule 3.4, the jurisdiction of each such Grantor’s organization of formation is required to maintain a public record showing the Grantor to have been organized or formed. Except as specified on Schedule 3.4, as of the Closing Date (or the date of any applicable Joinder Agreement hereto in the case of an Additional Grantor) no such Grantor has changed its name, jurisdiction of organization, chief executive office or sole place of business or its corporate structure in any way (e.g., by merger, consolidation, change in corporate form or otherwise) within the past five years and has not within the last five years become bound (whether as a result of merger or otherwise) as a grantor under a security agreement entered into by another Person, which has not heretofore been terminated.

  • Jurisdiction of Organization; Chief Executive Office Such Grantor’s jurisdiction of organization, legal name and organizational identification number, if any, and the location of such Grantor’s chief executive office or sole place of business, in each case as of the date hereof, is specified on Schedule 3 and such Schedule 3 also lists all jurisdictions of incorporation, legal names and locations of such Grantor’s chief executive office or sole place of business for the five years preceding the date hereof.

  • Jurisdiction of Organization On the date hereof, such Grantor’s jurisdiction of organization is specified on Schedule 4.

  • Chief Executive Office; Jurisdiction of Organization Seller shall not move its chief executive office from the address referred to in Section 13(a)(17) or change its jurisdiction of organization from the jurisdiction referred to in Section 13(a)(17) unless it shall have provided Buyer 30 days’ prior written notice of such change.

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