Common use of Change of Corporate Name or Location Clause in Contracts

Change of Corporate Name or Location. (a) No Borrower shall, or shall cause or permit any Subsidiary thereof to, (i) change its corporate name or (ii) change its chief executive office, principal place of business, corporate offices or warehouses or Collateral locations, or the location of its records concerning the Collateral, in any case without at least fifteen (15) Business Days prior written notice to Lender and after Lender's written acknowledgment that any reasonable action requested by Lender in connection therewith, including, without limitation, to continue the perfection of any Liens in favor of Lender in any Collateral has been completed or taken, and provided that any such new location shall be in the continental United States; (b) in furtherance of and without limiting the scope of CLAUSE (a) above, no Borrower shall, or shall permit any of its Subsidiaries, to change its name, identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Section 9-402(7) of the Code or any other then applicable provision of the Code except upon prior written notice to Lender and after Lender's written acknowledgment that any reasonable action requested by Lender in connection therewith, including, without limitation, to continue the perfection of any Liens in favor of Lender in any Collateral has been completed or taken.

Appears in 1 contract

Samples: Credit Agreement (Akorn Inc)

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Change of Corporate Name or Location. (a) No Borrower shallChange its corporate name, or shall cause or permit any Subsidiary thereof to, (i) change its corporate name or (iib) change its chief executive office, principal place of business, corporate offices or warehouses or locations at which Collateral locationsis held or stored, or the location of its records concerning the Collateral, in any case without at least fifteen thirty (1530) Business Days days prior written notice to Lender the Administrative Agent and after Lenderthe Administrative Agent's written acknowledgment that any reasonable action requested by Lender the Administrative Agent in connection therewith, including, without limitation, including to continue the perfection of any Liens in favor of Lender the Administrative Agent, on behalf of the Lenders, in any Collateral Collateral, has been completed or taken, and provided that any such new location shall be in the continental United States; (b) in furtherance of and without . Without limiting the scope of CLAUSE (a) aboveforegoing, no Borrower shall, or shall permit any of its Subsidiaries, to change its name, identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Section 9-402(7) of the Code or any other then applicable provision of the Code except upon prior written notice to Lender the Administrative Agent and the Lenders and after Lenderthe Administrative Agent's written acknowledgment that any reasonable action requested by Lender the Administrative Agent in connection therewith, including, without limitation, including to continue the perfection of any Liens in favor of Lender the Administrative Agent, on behalf of the Lenders, in any Collateral Collateral, has been completed or taken.

Appears in 1 contract

Samples: Credit Agreement (Harvard Industries Inc)

Change of Corporate Name or Location. The Borrower shall not (a) No Borrower shall, or shall cause or permit any Subsidiary thereof to, (i) change its corporate name or (iib) change its chief executive office, principal place of business, corporate offices or warehouses locations at which Collateral is held or Collateral locationsstored, or the location of its records concerning the Collateral, in any case without at least fifteen thirty (1530) Business Days days prior written notice to the Lender and after the Lender's written consent thereto, which consent shall not be unreasonably withheld or delayed, and acknowledgment that any reasonable action requested by the Lender in connection therewith, including, without limitation, including to continue the perfection of any Liens in favor of the Lender in any Collateral Collateral, has been completed or taken, and provided that any such new location shall be in the continental United States; (b) in furtherance of and without . Without limiting the scope of CLAUSE (a) aboveforegoing, no the Borrower shall, or shall permit any of its Subsidiaries, to not change its name, identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Section 9-402(7) of the Code or any other then applicable provision of the Code except upon prior written notice to the Lender and after the Lender's written acknowledgment acknowledgment, which shall not be unreasonably withheld or delayed, that any reasonable action requested by the Lender in connection therewith, including, without limitation, including to continue the perfection of any Liens in favor of the Lender in any Collateral Collateral, has been completed or taken.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Mpel Holdings Corp)

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Change of Corporate Name or Location. (a) No Borrower shall, or shall cause or permit any Subsidiary thereof to, (i) change its corporate name or (ii) change its chief executive office, principal place of business, corporate offices or warehouses or Collateral locations, or the location of its records concerning the Collateral, in any case without at least fifteen (15) Business Days prior written notice to Lender and after Lender's written acknowledgment that any reasonable action requested by Lender in connection therewith, including, without limitation, to continue the perfection of any Liens in favor of Lender in any Collateral has been completed or taken, and provided that any such new location shall be in the continental United States; (b) in furtherance of and without limiting the scope of CLAUSE clause (a) above, no Borrower shall, or shall permit any of its Subsidiaries, to change its name, identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Section 9-402(7) of the Code or any other then applicable provision of the Code except upon prior written notice to Lender and after Lender's written acknowledgment that any reasonable action requested by Lender in connection therewith, including, without limitation, to continue the perfection of any Liens in favor of Lender in any Collateral has been completed or taken.

Appears in 1 contract

Samples: Credit Agreement (Akorn Inc)

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