Change of Location or Name. So long as any of its Liabilities shall remain outstanding or the Lender shall continue to have any Loan Commitment, AESOP Leasing will not change (i) the location of its principal place of business, chief executive office, major executive office, chief place of business or its records concerning its business and financial affairs, or (ii) its legal name or the name under or by which it conducts its business, in each case without first giving the Trustee and the Lender at least 30 days' advance written notice thereof and having taken any and all action required to maintain and preserve the first priority perfected Lien of the Lender or the Trustee on the AESOP I Finance Lease Loan Collateral (except that the lien of the Trustee shall not be noted on the Certificates of Title with respect to the Initial Financed Vehicles or the Franchisee Vehicles), free and clear of any Lien whatsoever except for Permitted Liens; provided, however, that notwithstanding the foregoing, AESOP Leasing shall not change the location of its principal place of business, chief executive office, major executive office, chief place of business or its records concerning its business and financial affairs to any place outside the United States of America.
Appears in 2 contracts
Samples: Loan Agreement (Avis Rent a Car Inc), Loan Agreement (Avis Rent a Car Inc)
Change of Location or Name. So long as any of its Liabilities shall remain outstanding or the Lender shall continue to have any Loan Commitment, neither AESOP Leasing II nor Original AESOP will not change (i) the location of its principal place of business, chief executive office, major executive office, chief place of business or its records concerning its business and financial affairs, or (ii) its legal name or the name under or by which it conducts its business, in each case without first giving the Trustee and the Lender at least 30 days' advance written notice thereof and having taken any and all action required to maintain and preserve the first priority perfected Lien of the Lender or the Trustee on the AESOP I Finance Lease II Loan Collateral (except that the lien of the Trustee shall not be noted on the Certificates of Title except, as to perfection and priority, with respect to Vehicles titled in the Initial Financed Vehicles or the Franchisee Vehiclesstates of Nebraska, Ohio and Oklahoma), free and clear of any Lien whatsoever except for Permitted Liens; provided, however, that notwithstanding the foregoing, neither AESOP Leasing II nor Original AESOP shall not change the location of its principal place of business, chief executive office, major executive office, chief place of business or its records concerning its business and financial affairs to any place outside the United States of America.
Appears in 2 contracts
Samples: Loan Agreement (Avis Rent a Car Inc), Loan Agreement (Avis Rent a Car Inc)