Changes in Locations, Name, Jurisdiction of Incorporation, etc. Such Grantor shall not, except upon at least 10 days’ prior written notice (or such shorter period consented to by the Administrative Agent in writing), in each case, to the Administrative Agent and delivery to the Administrative Agent of duly authorized and, where required, executed copies of all additional financing statements and other documents reasonably requested by the Administrative Agent to maintain the validity, perfection and priority of the security interests provided for herein: (a) change its legal name, jurisdiction of organization or the location of its chief executive office or sole place of business from that referred to in Section 3.4; or (b) change its legal name, identity or structure to such an extent that any financing statement filed by the Administrative Agent in connection with this Agreement would become misleading; provided, however, that no such notices shall be required in connection with the Spinoff so long as (i) the Grantors comply with each of their respective obligations under Sections 6.22 and 6.24 of the Credit Agreement and (ii) such notice is given to the Administrative Agent within 30 days after the applicable event necessitating such notice.
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Samples: Pledge and Security Agreement (Babcock & Wilcox Co), Pledge and Security Agreement (Babcock & Wilcox Co), Pledge and Security Agreement (McDermott International Inc)
Changes in Locations, Name, Jurisdiction of Incorporation, etc. Such Grantor shall not, except upon at least 10 days’ prior written notice (or such shorter period consented to by the Administrative Collateral Agent in writing), in each case, ) to the Administrative Collateral Agent and delivery to the Administrative Collateral Agent of duly authorized and, where required, executed copies of all additional financing statements and other documents reasonably requested by the Administrative Collateral Agent to maintain the validity, perfection and priority of the security interests provided for herein:
(a) change its legal name, jurisdiction of organization or the location of its chief executive office or sole place of business from that referred to in Section 3.44.4; or
(b) change its legal name, identity or structure to such an extent that any financing statement filed by the Administrative Collateral Agent in connection with this Agreement would become misleading; provided, however, that no such notices shall be required in connection with the Spinoff Spin Steps and the Spin so long as (i) the Grantors comply with each of their respective obligations under Sections 6.22 and 6.24 Section 11.21(e) of the Credit Agreement and (ii) such notice is given to the Administrative Collateral Agent within 30 days after the applicable event necessitating such notice.
Appears in 1 contract
Samples: Pledge and Security Agreement (McDermott International Inc)