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

Change in Collateral; Collateral Records. (i) Give the Agents not less than 10 Business Days' prior written notice of any change in the location of any Collateral with a book value in excess of $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 Agents promptly, in sufficient detail, of any 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 Agents for the benefit of the Agents and the Lenders from time to time, solely for the Agents' convenience in maintaining a record of Collateral, such written statements and schedules as the applicable Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 4 contracts

Samples: Financing Agreement (Motorcar Parts America Inc), Financing Agreement (Motorcar Parts America Inc), Financing Agreement (Motorcar Parts America Inc)

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Change in Collateral; Collateral Records. (i) Give the Agents Collateral Agent not less than 10 Business Days30 days' prior written notice of any change in the location of any Collateral with a book value in excess Inventory of $250,000VP Buildings, other than to locations set forth on Schedule 6.01(ee7.01(l) and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, (ii) advise the Agents Collateral Agent promptly, in sufficient detail, of any 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 their Subsidiaries to execute and deliver, to the Agents Collateral Agent for the benefit of the Agents and the Lenders from time to time, solely for the Agents' Collateral Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the applicable Collateral Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 1 contract

Samples: Financing Agreement (LTV Corp)

Change in Collateral; Collateral Records. (i) Give the Agents Agent not less than 10 Business Days30 days' prior written notice of any change in (x) the jurisdiction of formation of any Loan Party or (y) the location of any Collateral with a book value in excess of $250,000Collateral, other than to 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 Agents Agent promptly, in sufficient detail, of any 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 Agents Agent for the benefit of the Agents and the Lenders from time to time, solely for the Agents' Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the applicable Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Cornerworld Corp)

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Change in Collateral; Collateral Records. (i) Give the Agents Agent not less than 10 Business Days30 days' prior written notice of any change in the location of any Collateral with a book value in excess of $250,000Collateral, other than to locations set forth on Schedule 6.01(ee6.01(ff) and Collateral which is located at a customer's home or business and with respect to which the Collateral Agent has filed financing statements and otherwise fully perfected its Liens thereon, (ii) advise the Agents Agent promptly, in sufficient detail, of any 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 Agents Agent for the benefit of the Agents and the Lenders from time to time, solely for the Agents' Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the applicable Agent may reasonably require, designating, identifying or describing the Collateral.

Appears in 1 contract

Samples: Financing Agreement (All Star Gas Corp)

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