Common use of Change in Collateral; Collateral Records Clause in Contracts

Change in Collateral; Collateral Records. (i) Give the Agents not less than 5 Business Days’ prior written notice of any change in the location of any Material Collateral (except for Material Collateral having a value not exceeding $250,000 in the aggregate), other than to locations set forth on Schedule 6.01(ee) and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, and (ii) promptly upon request of an Agent, execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the any Agent for the benefit of the Agents and the Lenders from time to time, solely for such Agent’s convenience in maintaining a record of Collateral, such written statements and schedules as such Agent may reasonably require, designating, identifying or describing the Material Collateral located at such other location(s).

Appears in 2 contracts

Samples: Financing Agreement (Unique Logistics International, Inc.), Financing Agreement (Unique Logistics International, Inc.)

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Change in Collateral; Collateral Records. (i) Give The Loan Parties shall give the Agents Agent not less than 5 Business Days’ 30 days' prior written notice of any change in the location where the aggregate amount of any Material Collateral (except for Material Collateral having a value not exceeding in such location is greater than $250,000 in the aggregate)100,000, other than to locations set forth on Schedule 6.01(ee) and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon6.01(z), and (ii) promptly upon request advise the Agent promptly, in sufficient detail, of an Agentany material adverse change relating to the type, quantity or quality of the Collateral or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the any Agent for the benefit of the Agents and the Lenders from time to time, solely for such the Agent’s 's convenience in maintaining a record of Collateral, such written statements and schedules as such the Agent may reasonably require, designating, identifying or describing the Material Collateral located at such other location(s)Collateral.

Appears in 1 contract

Samples: Financing Agreement (Gerber Scientific Inc)

Change in Collateral; Collateral Records. (i) Give the Agents Agent not less than 5 Business Days’ 30 days' prior written notice of any change in the location of any Material Collateral (except for Material Collateral having a value not exceeding $250,000 in the aggregate)Collateral, other than to locations set forth on Schedule 6.01(ee6.01(l) and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, and (ii) promptly upon request advise the Agent promptly, in sufficient detail, of an Agentany material adverse change relating to the type, quantity or quality of the Collateral or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the any Agent for the benefit of the Agents and the Lenders Lender from time to time, solely for such the Agent’s 's convenience in maintaining a record of Collateral, such written statements and schedules as such the Agent may reasonably require, designating, identifying or describing the Material Collateral located at such other location(s)Collateral.

Appears in 1 contract

Samples: Financing Agreement (Enherent Corp)

Change in Collateral; Collateral Records. (i) Give the Agents Agent not less than 5 15 Business Days’ prior written notice of any change in the location of any Material Collateral (except for Material Collateral having a value not exceeding $250,000 in the aggregate)Collateral, other than to locations set forth on Schedule 6.01(ee) 5.32 and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, and (ii) promptly upon request advise the Agent promptly, in sufficient detail, of an Agentany material adverse change relating to the type, quantity or quality of the Collateral or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the any Agent for the benefit of the Agents and the Lenders from time to time, solely for such the Agent’s convenience in maintaining a record of Collateral, such written statements and schedules as such the Agent may reasonably require, designating, identifying or describing the Material Collateral located at such other location(s)Collateral.

Appears in 1 contract

Samples: Bridge Term Loan Agreement (Cenuco Inc)

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Change in Collateral; Collateral Records. (i) Give the Agents Agent not less than 5 Business Days’ 30 days' prior written notice of any change in the location of any Material Collateral (except for Material Collateral having a value not exceeding $250,000 in the aggregate)Collateral, other than to locations set forth on Schedule 6.01(ee5.01(gg) and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, and (ii) promptly upon request advise the Agent promptly, in sufficient detail, of an Agentany material adverse change relating to the type, quantity or quality of the Collateral or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the any Agent for the benefit of the Agents and the Lenders from time to time, solely for such the Agent’s 's convenience in maintaining a record of Collateral, such written statements and schedules as such the Agent may reasonably require, designating, identifying or describing the Material Collateral located at such other location(s)Collateral.

Appears in 1 contract

Samples: Financing Agreement (Lakes Entertainment Inc)

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