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. Borrower shall not, nor shall it permit any of its Subsidiaries to, (a) change its name as it appears in official filings in the state of its incorporation or other organization, (b) change its chief executive office, principal place of business, business 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, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each case (i) at least 15 Business Days prior written notice (or such later notice as is acceptable to Lender in its sole discretion) thereof is given to Lender and Xxxxxx has provided written acknowledgment that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favor of Lender in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) any such new location shall be in the continental United States. No Loan Party shall change its Fiscal Year without Xxxxxx's prior written consent.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Educational Services Corp)

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Change of Corporate Name or Location; Change of Fiscal Year. Borrower shall notNo Loan Party shall, nor shall it permit any of its Subsidiaries to, (a) change its name as it appears in official filings in the state of its incorporation or other organization, (b) change its chief executive office, principal place of business, business 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, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each case (i) at least 15 Business Days 10 days prior written notice (or such later notice as is acceptable to Lender the Agent in its sole discretion) thereof is given by such Loan Party to Lender Agent and Xxxxxx Agent has provided written acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender Agent, for the benefit of the Secured Parties, in any Collateral, has been completed or taken, (ii) the validity, perfection or priority of all Liens in favor of Lender Agent is not adversely affected, and (iii) any such new location shall be in the continental United States. No Loan Party shall change its Fiscal Year without Xxxxxx's Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned, or delayed.

Appears in 1 contract

Samples: Credit Agreement (Universal Logistics Holdings, Inc.)

Change of Corporate Name or Location; Change of Fiscal Year. Borrower shall notNo Loan Party shall, nor shall it permit any of its Subsidiaries to, (a) change its name as it appears in official filings in the state of its incorporation or other organization, (b) change its chief executive office, principal place of business, business offices or warehouses or locations at which Collateral having a fair market value in excess of $1,500,000 is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each case (i) at least 15 Business Days ten (10) days’ prior written notice (or such later notice as is acceptable to Lender in its sole discretion) thereof is given by such Loan Party to Lender and Xxxxxx Lender, (ii) such Loan Party has provided written acknowledgment that any reasonable action completed or taken all actions reasonably requested by Lender in connection therewith, including Xxxxxx to continue the perfection of any Liens in favor of Lender in any Collateral, has been completed or taken, (iiiii) the priority of all Liens in favor of Lender is not adversely affected, and (iiiiv) any such new location shall be in the continental United States. No Loan Party shall change its Fiscal Year without Xxxxxx's ’s prior written consent.

Appears in 1 contract

Samples: Credit Agreement (Thorne Healthtech, Inc.)

Change of Corporate Name or Location; Change of Fiscal Year. Borrower shall notNo Loan Party shall, nor shall it permit any of its Subsidiaries to, (a) change its name as it appears in official filings in the state of its incorporation or other organization, (b) change its chief executive office, principal place of business, business 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, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each case (i) at least 15 Business Days 30 days prior written notice (or such later notice as is acceptable to Lender in its sole discretion) thereof is given by such Loan Party to Lender and Xxxxxx has provided written acknowledgment that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favor of Lender in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) any such new location shall be in the continental United States. No Loan Party shall change its Fiscal Year without Xxxxxx's ’s prior written consent.

Appears in 1 contract

Samples: Credit Agreement (Universal Technical Institute Inc)

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Change of Corporate Name or Location; Change of Fiscal Year. Borrower shall notNo Loan Party shall, nor shall it permit any of its Subsidiaries to, (a) change its name as it appears in official filings in the state of its incorporation or other organization, (b) change its chief executive office, principal place of business, business 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, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each case (i) at least 15 Business Days 30 days prior written notice (or such later notice as is acceptable to Lender Agent in its sole discretion) thereof is given by such Loan Party to Lender Agent and Xxxxxx Agent has provided written acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender Agent, for the benefit of the Secured Parties, in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender Agent is not adversely affected, and (iii) any such new location shall be in the continental United States. No Loan Party shall change its Fiscal Year without Xxxxxx's Agent’s prior written consent.

Appears in 1 contract

Samples: Credit Agreement (Dixie Group Inc)

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