Common use of Continuous Perfection Clause in Contracts

Continuous Perfection. No Grantor shall change its name, identity or corporate structure in any manner unless such Grantor shall have given the Administrative Agent at least thirty (30) days’ prior written notice thereof and shall have taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by the Administrative Agent to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 2 contracts

Samples: Security Agreement (West Marine Inc), Security Agreement (West Marine Inc)

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Continuous Perfection. No Grantor shall change its name, identity or corporate structure in any manner unless such Grantor shall have given the Administrative Collateral Agent at least thirty (30) 30 days' prior written notice thereof and shall have authorized or taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by the Administrative Collateral Agent to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 2 contracts

Samples: Second Lien Security Agreement (Cinedigm Corp.), Security Agreement (Cinedigm Corp.)

Continuous Perfection. No Grantor shall change its name, identity or corporate structure in any manner unless such Grantor shall have given the Administrative Collateral Agent at least thirty (30) 30 days’ prior written notice thereof and shall have authorized or taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by the Administrative Collateral Agent to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 2 contracts

Samples: Security Agreement (Cinedigm Corp.), Security Agreement (Cinedigm Corp.)

Continuous Perfection. No Grantor shall change its name, identity or corporate structure in any manner unless such Grantor shall have given the Administrative Collateral Agent at least thirty (30) 30 days' prior written notice thereof and shall have authorized or taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by the Administrative Collateral Agent to amend such financing statement or continuation statement so that it is not seriously misleading.. 5.14

Appears in 1 contract

Samples: Security Agreement

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Continuous Perfection. No Grantor shall change its name, identity or corporate structure in any manner unless such Grantor shall have given the Administrative Agent at least thirty fifteen (3015) days’ prior written notice thereof and shall have taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by the Administrative Agent to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 1 contract

Samples: Security Agreement (IPC the Hospitalist Company, Inc.)

Continuous Perfection. No Grantor shall change its name, identity or corporate structure in any manner unless such Grantor shall have given the Administrative Collateral Agent at least thirty (30) days’ prior written notice thereof and shall have authorized or taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by the Administrative Collateral Agent to amend such financing statement or continuation statement so that it is not seriously misleading.

Appears in 1 contract

Samples: Security Agreement (Genius Products Inc)

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