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

Change in Collateral; Collateral Records. Give the Agent not less than thirty days' prior written notice of any change in the location of any Collateral (except for in-transit Inventory), other than to locations that as of the date hereof are known to the Agent and at which the Agent has filed financing statements and otherwise fully perfected its Liens thereon. The Borrowers shall also advise the 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. The Borrowers agree to execute and deliver to the Agent for the benefit of the Lenders from time to time, solely for the Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the Agent may reasonably require, designating, identifying or describing the Collateral. The Borrowers' failure, however, to promptly give the Agent such statements or schedules shall not effect, diminish or modify or otherwise limit the Agent's security interest in the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Chic by H I S Inc)

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Change in Collateral; Collateral Records. Give the Agent not less than thirty (30) days' prior written notice of any change in the location of any Collateral (except for in-transit Inventory)Collateral, other than to locations locations, that as of the date hereof are known to the Agent and at which the Agent has filed financing statements and otherwise fully perfected its Liens thereon, except for in-transit Inventory. The Borrowers Borrower shall also advise the Agent promptly, in sufficient reasonable detail, of any material adverse change relating to the type, quantity or quality value of the Collateral or the Lien granted thereonon the Collateral. The Borrowers agree Borrower agrees to execute and deliver to the Agent for the benefit of the Lenders from time to time, solely for the Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the Agent may reasonably require, designating, identifying or describing the Collateral. The Borrowers' Borrower's failure, however, to promptly give the Agent such statements or schedules shall not effect, diminish or modify or otherwise limit the Agent's security interest in the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Starband Communications Inc)

Change in Collateral; Collateral Records. Give the Agent not less than thirty days' prior written notice of any change in the location of any Collateral (except for in-transit Inventory)Collateral, other than to locations locations, that as of the date hereof hereof, are known to the Agent and at which the Agent has filed financing statements and otherwise fully perfected its Liens thereon. The Borrowers Borrower shall also advise the Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral or the Lien security interests granted thereontherein. The Borrowers agree Borrower agrees to execute executes and deliver to the Agent for the benefit of the Lenders Agent from time to time, solely for the Agent's convenience in maintaining a record of the Collateral, such written statements and schedules as the Agent may reasonably require, designating, identifying or describing the Collateral. The Borrowers' Borrower's failure, however, to promptly give the Agent such statements or schedules shall not effectaffect, diminish or diminish, modify or otherwise limit the Agent's security interest in the Collateral.

Appears in 1 contract

Samples: Revolving Credit Agreement (Weiners Stores Inc)

Change in Collateral; Collateral Records. Give the Agent not ---------------------------------------- less than thirty days' prior written notice of any change in the location of any Collateral (except for in-transit Inventory)Collateral, other than Collateral to be moved to locations that as of the date hereof are known to the Agent and at which the Agent has filed financing statements and otherwise fully perfected its Liens thereon. The Borrowers shall also advise the 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. The Borrowers agree to execute and deliver to the Agent for the benefit of the Lenders from time to time, solely for the Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the Agent may reasonably require, designating, identifying or describing the Collateral. The Borrowers' failure, however, to promptly give the Agent such statements or schedules shall not effect, diminish or modify or otherwise limit the Agent's Lenders' security interest in the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Happy Kids Inc)

Change in Collateral; Collateral Records. Give the Agent not less than thirty days' prior written notice of any change in the location of any Collateral (except for in-transit Inventory)Collateral, other than to locations locations, that as of the date hereof hereof, are known to the Agent and at which the Agent has filed financing statements and otherwise fully perfected its Liens thereon. The Borrowers Borrower shall also advise the Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral or the Lien security interests granted thereontherein. The Borrowers agree Borrower agrees to execute and deliver to the Agent for the benefit of the Lenders Agent from time to time, solely for the Agent's convenience in maintaining a record of the Collateral, such written statements and schedules as the Agent may reasonably require, designating, identifying or describing the Collateral. The Borrowers' Borrower's failure, however, to promptly give the Agent such statements or schedules shall not effectaffect, diminish or diminish, modify or otherwise limit the Agent's security interest in the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Weiners Stores Inc)

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Change in Collateral; Collateral Records. Give the Agent not less than thirty (30) days' prior written notice of any change in the location of any Collateral (except for in-transit Inventory)Collateral, other than to locations locations, that as of the date hereof hereof, are known to the Agent and at with respect to which the Agent has filed financing statements and otherwise fully perfected its Liens thereon. The Borrowers shall also advise the Agent promptly, in sufficient detail, of any material adverse change relating to the type, quantity or quality of the Collateral or the Lien security interests granted thereontherein. The Borrowers agree to execute and deliver to the Agent for the benefit of the Lenders Agent from time to time, solely for the Agent's convenience in maintaining a record of the Collateral, such written statements and schedules as the Agent may reasonably require, designating, identifying or describing the Collateral. The Borrowers' failure, however, to promptly give the Agent such statements or schedules shall not effectaffect, diminish or diminish, modify or otherwise limit the Agent's security interest in the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Gs Technologies Operating Co Inc)

Change in Collateral; Collateral Records. Give the Agent not less than thirty days' prior written notice of any change in the location of any Collateral (except for in-transit Inventory)Collateral, other than to locations locations, that as of the date hereof are known to the Agent and at which the Agent has filed financing statements and otherwise fully perfected its Liens thereon. The Borrowers shall also advise the 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. The Borrowers agree to execute and deliver to the Agent for the benefit of the Lenders from time to time, solely for the Agent's convenience in maintaining a record of Collateral, such written statements and schedules as the Agent may reasonably require, designating, identifying or describing the Collateral. The Borrowers' failure, however, to promptly give the Agent such statements or schedules shall not effect, diminish or modify or otherwise limit the Agent's security interest in the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Aris Industries Inc)

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