Change in Location of Collateral. No Grantor shall (i) maintain any Collateral with a Fair Market Value in excess of $1,000,000 (other than Inventory in transit, consignments of Inventory not in excess of $1,000,000), rolling stock, equipment in transit between locations set forth in Exhibit A, equipment at other locations for purposes of maintenance or repair and Collateral in the Collateral Agent’s possession or the possession of any ABL Collateral Agent) at any location other than those locations listed on Exhibit A, (ii) otherwise change or add to any of such locations, or (iii) change the location of its jurisdiction of organization from the location identified in Exhibit A, unless in each case it gives the Collateral Agent prompt written notice thereof but in any event described in clause (iii) not later than 30 days prior thereto, and executes or authorizes the filing of any and all financing statements and other documents that are necessary or that the Collateral Agent reasonably requests in connection therewith. In the event any Grantor changes or adds any location of Collateral, such Grantor shall prepare and promptly deliver to the Collateral Agent a revised Exhibit A, which shall automatically be adopted as Exhibit A for all purposes. Each Grantor agrees not to effect or permit any change referred to in the preceding sentences unless all filings are promptly made under the Uniform Commercial Code or other applicable law that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest (subject to the terms of each Intercreditor Agreement (if any) and subject to Permitted Liens) in the Collateral for its benefit and the benefit of the other Secured Parties.
Change in Location of Collateral. Change any location of any Collateral, other than in the ordinary course of business, without giving the Lender prior written notice;
Change in Location of Collateral. OR DEBTOR. Debtor will notify Secured Party on or before the date of any change in location of the Collateral. Debtor will not, without Secured Party's prior written consent, change the location of the Collateral to any state, county or other jurisdiction in which Secured Party has not already filed a financing statement or taken other necessary steps to perfect its security interests in the Collateral or to maintain such perfection. Debtor will give Secured Party 30 days' prior written notice of (a) the opening or closing of any place of Debtor's business or (b) any change in the location of Debtor's chief executive office or address.
Change in Location of Collateral. Obligors will not change the location at which any of their Inventory, Equipment or other personal property is located except upon thirty (30) days prior written notice to Bank and, provided that Obligors comply with all of the following conditions:
(a) Bank receives a copy of the lease, sub-lease, warehouse agreement or similar agreement entered into by the applicable Obligor with the owner, lessor or operator of the new location(s).
(b) Bank receives evidence satisfactory to Bank that all assets of the applicable Obligor at such new location(s) are covered by the insurance coverage required under Section 10.6.
(c) Bank receives a Collateral Access Agreement from the owner/lessor of the new location in form and content acceptable to Bank, except for Borrower’s facility located in Fremont, California, in the event Borrower’s contemplated consolidation plan is completed.
Change in Location of Collateral. The Obligors hereby agree to notify U.S. Bank of any change in the location of any of the Collateral, of the change in the location of any of their places of business, or of the establishment of any new (or the discontinuance of any existing) place of business within 45 days following any such change, establishment, or discontinuance.
Change in Location of Collateral. Borrowers will not change the location at which any of their Inventory, Equipment or other personal property is located except with coincident written notice to Bank and, provided that Borrowers comply with all of the following conditions:
(a) The applicable Borrower executes and delivers to Bank such UCC-1 financing statements covering all Inventory and related assets of the applicable Borrower to be located at such new location(s) as may be reasonably required by Bank to perfect Bank's Lien in such Inventory and related assets.
(b) Bank receives written confirmation that such new UCC-1 financing statements have been filed in the appropriate offices required to perfect Bank's Lien at such new location(s).
(c) Bank receives a search report from a reputable search company confirming that there are no other Liens encumbering any of such applicable Borrower's assets at such new location(s), except the Lien in favor of Bank.
(d) Bank receives a copy of the lease, sub-lease, warehouse agreement or similar agreement entered into by the applicable Borrower with the owner, lessor or operator of the new location(s).
(e) Bank receives evidence reasonably satisfactory to Bank that all assets of the applicable Borrower at such new location(s) are covered by the insurance coverage required under Section 13.6.
(f) Bank receives a Collateral Access Agreement from the owner/lessor of the new location in form and content reasonably acceptable to Bank.
Change in Location of Collateral or Debtor ------------------------------------------ . Except with respect to Collateral under repair or temporarily in transit between locations (and in any such case, for a period not to exceed four (4) months), Debtor will not change the location of the Collateral (except for (a) Collateral held by the Secured Party or the Trustee, (b) motor vehicles and rolling stock, and (c) Collateral temporarily in transit between locations) to any state, county or other jurisdiction in which Secured Party has not already filed a financing statement or taken other necessary steps to perfect or maintain its security interests in the Collateral without Secured Party's prior written consent and the delivery of such new financing statements or other documentation as may be reasonably necessary or required by Secured Party to ensure the continued perfection and priority of its security interest in the Collateral. Debtor will not change the location of Debtor's chief executive office, principal place of business or the locations of Debtor's records concerning the Collateral unless Debtor shall have given Secured Party at least thirty (30) days prior written notice thereof and shall have delivered to Secured Party such new financing statements or other documentation as may be reasonably necessary or required by Secured Party to ensure the continued perfection and priority of its security interest in the Collateral.
Change in Location of Collateral. Borrower shall not change the location at which any of its Inventory, Equipment or other personal property is located except upon thirty (30) days prior written notice to Lender and, provided that Borrower complies with all of the following conditions:
(a) Lender receives a search report from a reputable search company confirming that there are no other Liens encumbering any of Borrower’s assets at such new location(s), except the Lien in favor of Lender.
(b) Lender receives a copy of the lease, sub-lease, or similar agreement entered into by the Borrower with the owner, lessor or operator of the new location(s).
(c) Lender receives evidence satisfactory to Lender that all assets of the Borrower at such new location(s) are covered by the insurance coverage required under Section 11.6.
(d) Lender receives a Collateral Access Agreement from the owner/lessor of the new location in form and content acceptable to Lender.
Change in Location of Collateral. No Obligor will change the location at which any of its Inventory, Equipment or other personal property is located except upon thirty (30) days prior written notice to Bank and, provided that such Obligor complies with all of the following conditions:
(i) Bank receives a copy of the lease, sub-lease, warehouse agreement or similar agreement entered into by such Obligor with the owner, lessor or operator of the new location(s).
(ii) Bank receives evidence satisfactory to Bank that all assets of such Obligor at such new location(s) are covered by the insurance coverage required under Section 9.6.
Change in Location of Collateral or Debtor. ------------------------------------------ Debtor will give Secured Party 30 days' prior written notice of (i) the opening or closing of any principal place of Debtor's business or (ii) any change in the location of Debtor's chief executive office or address.
