Common use of Change in Location or Name Clause in Contracts

Change in Location or Name. AirNet shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Appears in 1 contract

Samples: Continuing Security Agreement (Airnet Systems Inc)

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Change in Location or Name. AirNet Timexpress shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless Timexpress and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless Timexpress and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless Timexpress and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless Timexpress and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Appears in 1 contract

Samples: Continuing Security Agreement (Airnet Systems Inc)

Change in Location or Name. AirNet AMI shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless AMI and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless AMI and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless AMI and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless AMI and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Appears in 1 contract

Samples: Continuing Security Agreement (Airnet Systems Inc)

Change in Location or Name. AirNet Jetride shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless Jetride and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless Jetride and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless Jetride and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless Jetride and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Appears in 1 contract

Samples: Continuing Security Agreement (Airnet Systems Inc)

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Change in Location or Name. AirNet Float shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless Float and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless Float and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless Float and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless Float and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Appears in 1 contract

Samples: Continuing Security Agreement (Airnet Systems Inc)

Change in Location or Name. AirNet Fast Forward shall not (i) have any Inventory, Equipment or Fixtures which is at such time included by AirNet in the calculation of the Borrowing Base, or proceeds or products thereof (other than Inventory and proceeds thereof disposed of as permitted by Section 4.1(e)) at a location other than a location specified in Exhibit “A”, (ii) maintain records relating to the Receivables at any time included by AirNet in the calculation of the Borrowing Base at a location other than at the location specified on Exhibit “A”, (iii) maintain any material place of business at a location other than a location specified on Exhibit “A”, unless Fast Forward and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (iv) change its name or taxpayer identification number, unless Fast Forward and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, (v) change its mailing address, unless Fast Forward and/or AirNet shall have given Agent not less than 15 days’ prior written notice thereof, or (vi) change the jurisdiction of its organization, whether by “reorganization” in another state or otherwise, unless Fast Forward and/or AirNet shall have given the Agent not less than 30 days’ prior written notice thereof, and the Agent shall have reasonably determined that any of the foregoing events specified in (i) – (vi) above will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral.

Appears in 1 contract

Samples: Continuing Security Agreement (Airnet Systems Inc)

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