Common use of Chief Executive Office; Location of Collateral Clause in Contracts

Chief Executive Office; Location of Collateral. During the continuance of this Agreement, change the state of formation, chief executive office or principal place of business or remove or cause to be removed, except in the ordinary course of a Loan Party’s business, the Collateral or the records concerning the Collateral from the premises listed in Section 2 of the Disclosure Letter without twenty (20) days prior written notice to Agent, provided that any such removal of a Loan Party’s Collateral may not be to a location outside of the United States without Agent’s (at direction for the Required Lenders) and Required Lenders’ prior written consent.

Appears in 6 contracts

Samples: Loan and Security Agreement (Vertex Energy Inc.), Loan and Security Agreement (Vertex Energy Inc.), Loan and Security Agreement (Vertex Energy Inc.)

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Chief Executive Office; Location of Collateral. During the continuance of this Agreement, change the state of formation, chief executive office or principal place of business or remove or cause to be removed, except in the ordinary course of a Loan PartyBorrower’s business, any material portion of the Collateral or the records concerning the Collateral from the premises listed in Section 2 of the Disclosure Letter Perfection Certificate without twenty (20) days prior written notice to Agent, provided that any such removal of a Loan Party’s Collateral may not be to a location outside of the United States without Agent’s (at direction for the Required Lenders) and Required Lenders’ prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Asure Software Inc)

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