Common use of Change of Name or Equity; Amendment to Acquisition Agreements Clause in Contracts

Change of Name or Equity; Amendment to Acquisition Agreements. Except as set forth on Schedule 7.1, Borrower shall not change its name or conduct any material portion of its business under any new tradenames, identity or corporate structure until (a) Borrower shall have provided to Lender not less than thirty (30) days prior written notice of its decision to do so, clearly describing such new name, identity or equity structure or such new tradename and providing such other information in connection therewith as Lender may reasonably request, and (b) with respect to such new name, identity or equity structure or such new tradename, Borrower shall have taken all action and executed all documents satisfactory to Lender as Lender may reasonably request to maintain the perfected security interest of Lender in the Collateral intended to be granted under this Agreement. Borrower shall not amend or otherwise modify, or waive any rights under any Acquisition Agreements or any of their organizational documents, including, without limitation, each Limited Liability Company Agreement, other than immaterial amendments, modifications and waivers not adverse to the interests of Lender solely in its capacity as Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement

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Change of Name or Equity; Amendment to Acquisition Agreements. Except as set forth on Schedule 7.1, Borrower shall not change its name or conduct any material portion of its business under any new tradenames, identity or corporate structure until (a) Borrower shall have provided to Lender not less than thirty (30) days prior written notice of its decision to do so, clearly describing such new name, identity or equity structure or such new tradename and providing such other information in connection therewith as Lender may reasonably request, and (b) with respect to such new name, identity or equity structure or such new tradename, Borrower Xxxxxxxx shall have taken all action and executed all documents satisfactory to Lender as Lender may reasonably request to maintain the perfected security interest of Lender in the Collateral intended to be granted under this Agreement. Borrower shall not amend or otherwise modify, or waive any rights under any Acquisition Agreements or any of their organizational documents, including, without limitation, each Limited Liability Company Agreement, other than immaterial amendments, modifications and waivers not adverse to the interests of Lender solely in its capacity as Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement

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