Common use of Change in Location of Chief Executive Office; Inventory and Equipment with Bailees Clause in Contracts

Change in Location of Chief Executive Office; Inventory and Equipment with Bailees. Relocate its chief executive office to a new location without providing 30 days prior written notification thereof to Foothill and so long as, at the time of such written notification, Borrower provides any financing statements or fixture filings necessary to perfect and continue perfected Foothill's security interests and also provides to Foothill a Collateral Access Agreement with respect to such new location. The Inventory and Equipment shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Foothill's prior written consent.

Appears in 6 contracts

Samples: Loan and Security Agreement (Sirena Apparel Group Inc), Loan and Security Agreement (Mountasia Entertainment International Inc), Loan and Security Agreement (Garden Botanika Inc)

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Change in Location of Chief Executive Office; Inventory and Equipment with Bailees. Relocate its chief executive office to a new location without providing 30 days prior written notification thereof to Foothill and so long as, at the time of such written notification, such Borrower provides any financing statements or fixture filings necessary to perfect and continue perfected Foothill's security interests and also provides to Foothill a Collateral Access Agreement with respect to such new location. The Inventory and Equipment of such Borrower shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Foothill's prior written consent.

Appears in 3 contracts

Samples: Loan and Security Agreement (K Tel International Inc), Loan and Security Agreement (Morrow Snowboards Inc), Loan and Security Agreement (Celebrity Inc)

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