Common use of Affirmative Covenants of the Debtor Clause in Contracts

Affirmative Covenants of the Debtor. (a) The Debtor shall promptly notify and provide the Secured Party with a complete description of the opening of any new places of business, the closing of any existing places of business, the conduct of business under any names or through any entities other than those set forth herein, the relocation of any of the Collateral to any new place of business or any other act which would affect the financing statements filed by the Secured Party;

Appears in 4 contracts

Samples: Security Agreement (Presstek Inc /De/), Security Agreement (Wpi Group Inc), Security Agreement (American Electromedics Corp)

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Affirmative Covenants of the Debtor. (a) a. The Debtor shall promptly notify and provide the Secured Party with a complete description of the opening of any new places of business, the closing of any existing places of business, the conduct of business under any names or through any entities other than those set forth herein, the relocation of any of the Collateral to any new place of business or any other act which would affect the financing statements filed by the Secured Party;

Appears in 2 contracts

Samples: Security Agreement (Applied Digital Solutions Inc), Security Agreement (VeriChip CORP)

Affirmative Covenants of the Debtor. (a) The Debtor shall promptly notify and provide the Secured Party with a complete description of the opening of any new places of businessbusiness containing Collateral of a value of greater than $50,000.00, the closing of or, any existing places of business, the conduct of business under any names change in its legal name or through any entities other than those set forth herein, the relocation of any of the Collateral to any new place of business incorporation, or any other act which would affect the financing statements filed by the Secured Party;

Appears in 1 contract

Samples: Security Agreement (Micronetics Inc)

Affirmative Covenants of the Debtor. (a) The Debtor shall promptly notify and provide the Secured Party with a complete description of the opening of any new places of businessbusiness containing Collateral of a value of greater than $100,000.00, the closing of or, any existing places of business, the conduct of business under any names change in its legal name or through any entities other than those set forth herein, the relocation of any of the Collateral to any new place of business incorporation, or any other act which would affect the financing statements filed by the Secured Party;

Appears in 1 contract

Samples: Security Agreement (Brandpartners Group Inc)

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Affirmative Covenants of the Debtor. (a) The Debtor shall promptly notify and provide the Secured Party with a complete description of the opening of any new places of businessbusinesscontaining Collateral of a value of greater than $100,000.00, the closing of or, any existing places of business, the conduct of business under any names change in its legal name or through any entities other than those set forth herein, the relocation of any of the Collateral to any new place of business incorporation, , or any other act which would affect the financing statements filed by the Secured Party;

Appears in 1 contract

Samples: Security Agreement (Skillsoft Public Limited Co)

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