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

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, other than to locations, that as of the date hereof, are known to the Agent and 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 security interests granted therein. The Borrowers agree to execute and deliver to the Agent for the benefit of the 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 affect, 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)

AutoNDA by SimpleDocs

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, other than to locations, that as of the date hereof, hereof are known to the Agent and with respect to 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 security interests Lien granted thereinon the Collateral. The Borrowers agree Borrower agrees to execute and deliver to the Agent for the benefit of the Agent Lenders 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 affecteffect, diminish, 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 (30) days' prior written notice of any change in the location of any Collateral, other than to locations, that as of the date hereof, are known to the Agent and with respect to 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 security interests granted therein. The Borrowers agree Borrower agrees to execute executes and deliver to the Agent for the benefit of the 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 affect, 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 (30) days' prior written notice of any change in the location of any Collateral, other than to locations, that as of the date hereof, hereof are known to the Agent and with respect to 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 security interests Lien granted thereinthereon. The Borrowers agree to execute and deliver to the Agent for the benefit of the Agent Lenders 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 affecteffect, diminish, diminish or modify or otherwise limit the Agent's security interest in the Collateral.

Appears in 1 contract

Samples: Financing Agreement (Aris Industries Inc)

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, other than to locations, that as of the date hereof, are known to the Agent and with respect to 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 security interests granted therein. The Borrowers agree Borrower agrees to execute and deliver to the Agent for the benefit of the 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 affect, diminish, modify or otherwise limit the Agent's security interest in the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Weiners Stores Inc)

AutoNDA by SimpleDocs

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, other than Collateral to locations, be moved to locations that as of the date hereof, hereof are known to the Agent and with respect to 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 security interests Lien granted thereinthereon. The Borrowers agree to execute and deliver to the Agent for the benefit of the Agent Lenders 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 affecteffect, diminish, 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 (30) days' prior written notice of any change in the location of any CollateralCollateral (except for in-transit Inventory), other than to locations, locations that as of the date hereof, hereof are known to the Agent and with respect to 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 security interests Lien granted thereinthereon. The Borrowers agree to execute and deliver to the Agent for the benefit of the Agent Lenders 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 affecteffect, diminish, 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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!