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

Change in Collateral; Collateral Records. (i) Give the Collateral Agent not less than 5 Business Days' prior written notice of any change in the location of any Collateral that individually or in the aggregate could reasonably be expected to be material to the Borrowers, 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, (ii) advise the Collateral Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral taken as a whole or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the Collateral Agent for the benefit of the Agents and the Lenders from time to time, solely for the Collateral Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 2 contracts

Samples: Financing Agreement (Angie's List, Inc.), Financing Agreement (Angie's List, Inc.)

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Change in Collateral; Collateral Records. (i) Give the Collateral Agent not less than 5 Business Days10 days' prior written notice of any change in the location of any Collateral that individually or (other than Collateral in the aggregate could reasonably be expected to be material to the Borrowerstransit), other than with respect to (A) locations set forth on Schedule 6.01(ee5.01(dd) and (B) locations of any Collateral with respect to which the Collateral Agent has filed financing statements an aggregate fair market value of less than $50,000, individually for any location, and otherwise fully perfected its Liens thereon$250,000, for all such locations, (ii) advise the Collateral Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral taken as a whole or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the Collateral Agent for the benefit of the Agents and the Lenders from time to time, solely for the Collateral Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 2 contracts

Samples: Financing Agreement (Xanodyne Pharmaceuticals Inc), Financing Agreement (Xanodyne Pharmaceuticals Inc)

Change in Collateral; Collateral Records. (i) Give the Collateral Agent not less than 5 Business Days30 days' prior written notice of any change in the location of any Collateral that individually or in the aggregate could reasonably be expected to be material to the Borrowershaving a book value of at least $100,000, other than to (A) locations set forth on Schedule 6.01(ee) and with respect to which financing statements have been filed pursuant to the Loan Documents and the Collateral Agent otherwise has filed financing statements and otherwise fully perfected its Liens thereonthereon and (B) repair shop locations to which any Collateral is temporarily moved for repair purposes, (ii) advise the Collateral Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral taken as a whole or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the Collateral Agent for the benefit of the Agents and the Lenders from time to time, solely for the Collateral Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement (Westmoreland Resource Partners, LP)

Change in Collateral; Collateral Records. (i) Give Regarding Collateral that collectively totals $250,000 in value, give the Collateral Agent not less than 5 Business Days' prior 15 days subsequent written notice of any change in the location of any Collateral that individually or in the aggregate could reasonably be expected to be material to the Borrowerssuch Collateral, other than to (or in-transit between) locations set forth on Schedule 6.01(ee6.01(ff) and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, (ii) advise the Collateral Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the such Collateral taken as a whole or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the Collateral Agent for the benefit of the Agents and the Lenders from time to time, solely for the Collateral Agent's ’s convenience in maintaining a record of such Collateral, such written statements and schedules as the Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Gametech International Inc)

Change in Collateral; Collateral Records. (i) Give the Collateral Agent not less than 5 Business Days' 30 days prior written notice of any change in the location of any Collateral that individually or in the aggregate could reasonably be expected to be material to the BorrowersCollateral, other than to (or in-transit between) locations set forth on Schedule 6.01(ee6.01(ff) (or locations where the value of the Collateral located thereon does not exceed $100,000 at any one location or $300,000 at all such locations) and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, (ii) advise the Collateral Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral taken as a whole or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the Collateral Agent for the benefit of the Agents and the Lenders from time to time, solely for the Collateral Agent's ’s convenience in maintaining a record of Collateral, such written statements and schedules as the Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Magnetek Inc)

Change in Collateral; Collateral Records. (i) Give the Collateral Agent not less than 5 Business Days' 30 days’ prior written notice of any change in the location of any Collateral that individually or in the aggregate could reasonably be expected to be material to the BorrowersCollateral, 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, (ii) advise the Collateral Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral taken as a whole or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the Collateral Agent for the benefit of the Agents and the Lenders from time to time, solely for the Collateral Agent's ’s convenience in maintaining a record of Collateral, such written statements and schedules as the Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Modtech Holdings Inc)

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Change in Collateral; Collateral Records. (i) Give the Collateral Agent not less than 5 Business Days10 days' prior written notice of any change in the location of any Collateral that individually or (other than Collateral in the aggregate could reasonably be expected to be material to the Borrowerstransit), other than with respect to (A) locations set forth on Schedule 6.01(ee6.01(ff) and (B) locations of any Collateral with respect to which the Collateral Agent has filed financing statements an aggregate fair market value of less than $50,000, individually for any location, and otherwise fully perfected its Liens thereon$500,000, for all such locations, (ii) advise the Collateral Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral taken as a whole or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the Collateral Agent for the benefit of the Agents Agents, the L/C Issuer and the Lenders from time to time, solely for the Collateral Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Aaipharma Inc)

Change in Collateral; Collateral Records. (i) Give the Collateral Agent not less than 5 Business Days10 days' prior written notice of any change in the location of any Collateral that individually or (other than Collateral in the aggregate could reasonably be expected to be material to the Borrowerstransit), other than with respect to (A) locations set forth on Schedule 6.01(ee7.01(cc) and (B) locations of any Collateral with respect to which the Collateral Agent has filed financing statements an aggregate fair market value of less than $50,000, individually for any location, and otherwise fully perfected its Liens thereon$500,000, for all such locations, (ii) advise the Collateral Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral taken as a whole or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the Collateral Agent for the benefit of the Agents Agents, the L/C Issuer and the Lenders from time to time, solely for the Collateral Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Aaipharma Inc)

Change in Collateral; Collateral Records. (i) Give the Collateral Agent not less than 5 Business Days' prior written notice of any change in the location of any Collateral that individually or (other than (A) Inventory in transit between the locations referred to in clauses (i) and (ii) of Section 6.01(ee) and (B) other Collateral with an aggregate could reasonably be expected value not to be material to the Borrowersexceed $250,000), 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 thereon, (ii) advise the Collateral Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral taken as a whole or the Lien granted thereon and (iii) execute and deliver, and cause each of its Subsidiaries to execute and deliver, to the Collateral Agent for the benefit of the Agents and the Lenders from time to time, solely for the Collateral Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Lifevantage Corp)

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