Changes in Collateral. Pledgor shall advise Secured Party promptly, completely, accurately, in writing and in reasonable detail: (a) of any material encumbrance upon or claim asserted against any of the Collateral; and (b) of the occurrence of any event that would have a material adverse effect upon Secured Party’s security interest.
Changes in Collateral. Debtor shall give prompt notice to Lender of any threatened or asserted dispute or claim with respect to the Collateral, which could reasonably be expected to materially and adversely affect the Collateral.
Changes in Collateral. Whether or not an Event of Default has occurred, Obligor authorizes Sellers to:
Changes in Collateral. Whether or not an Event of Default has occurred, the undersigned authorizes the Agent to: (a) receive and hold as additional collateral any non-cash increases in or profits or distributions, or non-cash dividends on the Collateral; (b) surrender the Collateral and receive any payment or distribution upon redemption, dissolution or liquidation of the issuer of the Collateral; If the undersigned receives any of the payments or distributions described above, the undersigned agrees to turn them over to the Agent for the benefit of the Lenders.
Changes in Collateral. Factor will provide Bank with prompt written notice of any change in the condition and quality of the Collateral, except those changes arising in the ordinary course of business. Factor will promptly notify Bank in writing upon any Collateral ceasing to be or being determined to have been incorrectly identified as an Eligible Account or eligible Collateral.
Changes in Collateral. Borrower shall immediately notify Bank of the acquisition and location of any Property constituting Collateral not acquired as inventory or as accounts generated from inventory.
Changes in Collateral. The Borrower will keep the Collateral separate and identifiable at the Borrower’s business premises and will not remove the Collateral from said location without the Lender’s written consent. The Borrower shall promptly notify Lender in writing of any proposed change in the location or ownership of the Borrower’s business. The Borrower shall be allowed to improve or replace any portion of the Collateral with collateral of greater or equal value without prior consent of the Lender. In the event Borrower does replace any Collateral with collateral of greater or equal value, Borrower shall not be obligated to give Lender any of the proceeds from the prior held collateral.
Changes in Collateral. Each Pledgor shall advise the Collateral Agent promptly, completely, accurately, in writing and in reasonable detail: (a) of any material encumbrance upon or claim asserted against any of the Collateral; and (b) of the occurrence of any event, other than changes in general market conditions adequately reported in the general news media, that would have a material adverse effect upon the aggregate value of the Collateral or upon the Collateral Agent's (for the ratable benefit of the Lenders) security interest.
Changes in Collateral. Bank may (I) add Collateral at any time by delivering such additional Collateral to Public Depositor or the Custodian, as applicable; (ii) secure the release of Collateral with the written approval of Public Depositor, which approval shall not be unreasonably withheld, by delivering to the Custodian a fully executed approval letter substantially in the form of Attachment C; and (iii) as permitted in accordance with La. R.S. 10:8-106 (f), may substitute as Collateral by delivering securities of the type listed on Attachment “A” of like kind and market value as the securities for which they are to be substituted, provided that Bank shall notify Public Depositor of such substitution at same time Bank initiates the substitution, but in no event later than 5:00 PM central time on the date such substitution occurs. Public Depositor further acknowledges and agrees that certain Collateral may from time to time be subject to repurchase in accordance with accepted industry standards and practices, and that in such case Bank shall substitute replacement Collateral for any Collateral sold pursuant to such a repurchase agreement. Bank hereby grants a first priority continuing security interest in any additional, and substitute or replacement Collateral delivered pursuant to this Section in favor of the Public Depositor to secure the Secured Obligations.
Changes in Collateral. Whether or not an Event of Default has occurred, the undersigned authorizes Chase to:
(a) receive and hold as additional collateral any non-cash increases in or profits on the Collateral; and/or
(b) surrender the Collateral and receive any payment or distribution upon redemption, dissolution or liquidation of the issuer of the Collateral. If the undersigned receive any of the payments or distributions described above the undersigned agrees promptly to turn them over to Chase.
