Common use of Relocation of the Additional Transferor Clause in Contracts

Relocation of the Additional Transferor. The Additional Transferor will notify the Depositor at least ten (10) days before a relocation of its chief executive office or jurisdiction of organization if it could require the filing of a new financing statement or an amendment to a previously filed financing statement under Section 9-307 of the UCC. If required, the Additional Transferor will promptly file, or will cause to be filed, new financing statements or amendments to all previously filed financing statements. The Additional Transferor will maintain its chief executive office within the United States and will maintain its jurisdiction of organization in only one State. The Additional Transferor will notify the Depositor of any change in its immediate ownership or any decision to appoint a new trustee of the Additional Transferor.

Appears in 6 contracts

Samples: Transfer and Servicing Agreement (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Master Trust), Receivables Transfer Agreement (Verizon Master Trust)

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