Common use of Change of Corporate Name or Location; Change of Fiscal Year Clause in Contracts

Change of Corporate Name or Location; Change of Fiscal Year. No Credit Party shall (a) change its corporate name as it appears in the official filing in the jurisdiction of its incorporation, (b) change its chief executive office, principal place of business, corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, or (d) change its jurisdiction of incorporation, in each case, without at least thirty (30) days' prior written notice to Lender and after Lender's written acknowledgement that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favour of Lender in any Collateral, has been completed or taken, and provided, that any such new location shall be in Canada. Without limiting the foregoing, no Credit Party shall change its name, identity or corporate structure in any manner that might make any financing, financing change or continuation statement filed in connection herewith materially misleading within the meaning of the PPSA except upon prior written notice to Lender and after Lender's written acknowledgement that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favour of Lender in any Collateral, has been completed or taken. No Credit Party shall change its Fiscal Year. No Credit Party shall permit any of the Collateral to be located outside of the Province of Ontario (other than inventory in transit in the ordinary course of business), unless such Credit Party provides Lender with thirty (30) days' prior written notice thereof and after Lender's written acknowledgement that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favour of Lender in any Collateral has been completed or taken and provided that such location is in the Province of Ontario.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

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Change of Corporate Name or Location; Change of Fiscal Year. No Credit Party Borrower shall not (a1) change its corporate name as it appears in the official filing in the jurisdiction of its incorporationname, or (b2) change its chief executive officeoffice (other than to 2000 Xxxxxxx Xxxx, Xxxxxxxxxxx, Xxxxxxx; provided that, Borrower has given Lender prior written notice of the effective date of that change), principal place of business, domicile (within the meaning of Quebec Civil Code), corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, or (d) change its jurisdiction of incorporation, in each case, any case without at least thirty (30) days' days prior written notice to Lender and after Lender's written acknowledgement acknowledgment that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favour of Lender in any Collateral, has been completed or taken, and provided, provided that any such new location shall be in CanadaCanada (but not Newfoundland or the Northwest Territories unless security, legal opinions thereon, certificates of officers and other documentation reasonably requested by Lender and, in each case, in form and substance satisfactory to Lender, have been delivered to Lender). Without limiting the foregoing, no Credit Party Borrower shall not change its name, identity or corporate structure in any manner that which might make any financing, financing change or continuation statement filed in connection herewith or any other Loan Document materially misleading within the meaning of Section 46(4) of the PPSA or any other then applicable PPSA except upon prior written notice to Lender and after Lender's written acknowledgement acknowledgment that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favour of Lender in any Collateral, has been completed or taken. No Credit Party Borrower shall not change its Fiscal Year. No Credit Party , except that, Borrower's 1998 Fiscal Year shall permit any end on September 27, 1998 and, thereafter, Borrower's Fiscal Year end shall be the last Sunday of the Collateral to be located outside of the Province of Ontario (other than inventory in transit in the ordinary course of business), unless such Credit Party provides Lender with thirty (30) days' prior written notice thereof and after Lender's written acknowledgement that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favour of Lender in any Collateral has been completed or taken and provided that such location is in the Province of Ontarioeach September.

Appears in 1 contract

Samples: Credit Agreement (Sweetheart Holdings Inc \De\)

Change of Corporate Name or Location; Change of Fiscal Year. No Credit Party shall (a) change its corporate or legal name as it appears in the official filing filings in the jurisdiction state of its incorporationincorporation or other organization, (b) change its chief executive office, principal place of business, corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, or (d) change its jurisdiction organization identification number, if any, issued by its state of incorporationincorporation or other organization, or (e) change its state of incorporation or organization, in each case, case without at least thirty (30) days' days prior written notice to Lender Agent and after Lender's Agent’s written acknowledgement acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favour favor of Lender Agent, on behalf of Lenders, in any Collateral, has been completed or takentaken (such acknowledgement by Agent not to be unreasonably withheld or conditioned), and provided, provided that any such new location shall be in Canadathe continental United States. Without limiting the foregoing, no Credit Party shall change its name, identity or corporate structure in any manner that which might make any financing, financing change or continuation statement filed in connection herewith materially seriously misleading within the meaning of Sections 9-506 and 9-507(c) of the PPSA Code or any other then applicable provision of the Code except upon prior written notice to Lender Agent and after Lender's Agent’s written acknowledgement acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favour favor of Lender Agent in any Collateral, has been completed or taken. Without limiting the foregoing, the Borrowers may cause the winding up and dissolution of any Inactive Subsidiary after giving fifteen (15) days’ written notice to the Agent and after Agent’s written acknowledgment that any reasonable action requested by Agent in connection therewith has been completed or taken (such acknowledgement by Agent not to be unreasonably withheld or conditioned). No Credit Party shall change its Fiscal Year. No Credit Party shall permit any of the Collateral to be located outside of the Province of Ontario (other than inventory in transit in the ordinary course of business), unless such Credit Party provides Lender with thirty (30) days' prior written notice thereof and after Lender's written acknowledgement that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favour of Lender in any Collateral has been completed or taken and provided that such location is in the Province of Ontario.

Appears in 1 contract

Samples: Credit Agreement (Drugmax Inc)

Change of Corporate Name or Location; Change of Fiscal Year. No Credit Party shall (a) change its corporate name as it appears in the official filing filings in the jurisdiction state of its incorporationincorporation or other organization; provided that any Credit Party may change its name as it appears in official filings in the state of its incorporation or other organization in the manner set forth on Schedule 6.15 upon giving 30 days’ prior written notice to the Agent and after all actions necessary to continue the perfection of any Liens in favor of Agent, on behalf of Lenders, in any Collateral have been completed or taken; (b) change its chief executive office, principal place of business, corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, Collateral except upon 30 days prior notice to the Applicable Agent; (c) change the type of entity that it is, or ; (d) change its jurisdiction organization identification number, if any, issued by its state of incorporationincorporation or other organization; or (e) change its state of incorporation or organization, in each case, case without at least thirty (30) days' 30 days prior written notice to Lender Agents and after Lender's the Applicable Agent’s written acknowledgement acknowledgment that any reasonable action requested by Lender Agents in connection therewith, including to continue the perfection of any Liens in favour favor of Lender the Applicable Agent, on behalf of Lenders, in any Collateral, has been completed or taken, and provided, provided that any such new location for US Borrower and any Subsidiary organized under the laws of the United States or any state thereof shall be in Canadathe continental United States, any such new location for UK Borrower shall be in the United Kingdom. Without limiting the foregoing, no Credit Party shall change its name, identity or corporate structure in any manner that might make any financing, financing change or continuation statement (or similar document) filed in connection herewith materially seriously misleading within as such term is defined in and/or used in the meaning Code or any other then applicable provision of the PPSA Code except upon prior written notice to Lender Agents and Lenders and after Lender's the Applicable Agent’s written acknowledgement acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favour favor of Lender the Applicable Agent, on behalf of Lenders, in any Collateral, has been completed or taken. No Credit Party shall change its Fiscal Year. No Credit Party shall permit any of the Collateral to be located outside of the Province of Ontario (other than inventory in transit in the ordinary course of business), unless such Credit Party provides Lender with thirty (30) days' prior written notice thereof and after Lender's written acknowledgement that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favour of Lender in any Collateral has been completed or taken and provided that such location is in the Province of Ontario.

Appears in 1 contract

Samples: Credit Agreement (Westaff Inc)

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Change of Corporate Name or Location; Change of Fiscal Year. No Credit Party shall (a) change its corporate name as it appears in the official filing in the jurisdiction of its incorporation(or limited liability company) name, or (b) change its chief executive office, principal place of business, corporate (or limited liability company) offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, or (d) change its jurisdiction of incorporation, in each case, any case without at least thirty (30) days' days prior written notice to Lender Administrative Agent and after LenderAdministrative Agent's written acknowledgement acknowledgment that any reasonable action requested by Lender Administrative Agent in connection therewith, including to continue the perfection of any Liens in favour favor of Lender Administrative Agent, on behalf of Lenders, in any Collateral, has been completed or taken, and provided, PROVIDED that any such new location shall be in Canadathe continental United States and FURTHER PROVIDED that Vessels may be located outside the United States if such location could not reasonably be expected to have a Material Adverse Effect on the priority of Liens on such Vessels under the Vessel Mortgage or the receipt of earnings from such Vessels. Without limiting the foregoing, no Credit Party shall change its name, identity or corporate (or limited liability company) structure in any manner that which might make any financing, financing change or continuation statement filed in connection herewith materially seriously misleading within the meaning of Section 9-402(7) of the PPSA Code or any other then applicable provision of the Code except upon prior written notice to Lender Administrative Agent and Lenders and after LenderAdministrative Agent's written acknowledgement acknowledgment that any reasonable action requested by Lender Administrative Agent in connection therewith, including to continue the perfection of any Liens in favour favor of Lender Administrative Agent, on behalf of Lenders, in any Collateral, has been completed or taken. No Credit Party shall change its Fiscal Year. No Credit Party shall permit any of the Collateral to be located outside of the Province of Ontario (other than inventory in transit in the ordinary course of business), unless such Credit Party provides Lender with thirty (30) days' prior written notice thereof and after Lender's written acknowledgement that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favour of Lender in any Collateral has been completed or taken and provided that such location is in the Province of Ontario.

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

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