Common use of Change in Name, Structure, etc Clause in Contracts

Change in Name, Structure, etc. The Borrower shall not change its name, identity or corporate structure unless it shall have given the Administrative Agent at least 30 days' prior written notice thereof, shall have effected any necessary or appropriate filings of financing statements or amendments thereto, and shall have delivered to the Administrative Agent an Opinion of Counsel either (a) stating that, in the opinion of such counsel, such action has been taken with respect to the execution and filing of any amendments to previously recorded financing statements and continuation statements and other actions as are necessary to perfect, maintain and protect the lien and security interest of the Administrative Agent (and the priority thereof), on behalf of the Secured Parties, with respect to such Collateral and reciting the details of such action, or (b) stating that, in the opinion of such counsel, no such action is necessary to maintain such perfected lien and security interest.

Appears in 2 contracts

Samples: Security and Funding Agreement (Americredit Corp), Security Agreement (Americredit Corp)

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Change in Name, Structure, etc. The Borrower shall not change its name, ------------------------------ identity or corporate structure unless it shall have given the Administrative Agent at least 30 days' prior written notice thereof, shall have effected any necessary or appropriate filings of financing statements or amendments thereto, and shall have delivered to the Administrative Agent an Opinion of Counsel either (a) stating that, in the opinion of such counsel, such action has been taken with respect to the execution and filing of any amendments to previously recorded financing statements and continuation statements and other actions as are necessary to perfect, maintain and protect the lien and security interest of the Administrative Agent (and the priority thereof), on behalf of the Secured Parties, with respect to such Collateral and reciting the details of such action, or (b) stating that, in the opinion of such counsel, no such action is necessary to maintain such perfected lien and security interest.

Appears in 1 contract

Samples: Security and Funding Agreement (Americredit Corp)

Change in Name, Structure, etc. The Borrower shall not change its ------------------------------ name, identity or corporate structure unless it shall have given the Administrative Agent at least 30 days' prior written notice thereof, shall have effected any necessary or appropriate filings of financing statements or amendments thereto, and shall have delivered to the Administrative Agent an Opinion of Counsel either (a) stating that, in the opinion of such counsel, such action has been taken with respect to the execution and filing of any amendments to previously recorded financing statements and continuation statements and other actions as are necessary to perfect, maintain and protect the lien and security interest of the Administrative Agent (and the priority thereof), on behalf of the Secured Parties, with respect to such Collateral and reciting the details of such action, or (b) stating that, in the opinion of such counsel, no such action is necessary to maintain such perfected lien and security interest.

Appears in 1 contract

Samples: Security and Funding Agreement (Americredit Corp)

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Change in Name, Structure, etc. The Borrower shall not change its name, ------------------------------ identity or corporate structure unless it shall have given the Administrative Agent at least 30 days' prior written notice thereof, thereof shall have effected any necessary or appropriate filings of financing statements or amendments thereto, and shall have delivered to the Administrative Agent an Opinion of Counsel either (a) stating that, in the opinion of such counsel, such action has been taken with respect to the execution and filing of any amendments to previously recorded financing statements and continuation statements and other actions as are necessary to perfect, maintain and protect the lien and security interest of the Administrative Agent (and the priority thereof), on behalf of the Secured Parties, with respect to such Collateral and reciting the details of such action, or (b) stating that, in the opinion of such counsel, no such action is necessary to maintain such perfected lien and security interest.

Appears in 1 contract

Samples: Security and Funding Agreement (Americredit Corp)

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