Common use of Corporate Names and Location of Collateral Clause in Contracts

Corporate Names and Location of Collateral. Pledgor shall not change its name, unless, in each case, Pledgor shall provide Agent with at least thirty (30) days' prior written notice thereof. Pledgor shall not use trade names, assumed names or fictitious names without giving Agent at least thirty (30) days' prior written notice thereof. Pledgor shall also provide Agent with at least thirty (30) days' prior written notification of: (a) any change in any location where any of Pledgor's Inventory or Equipment is maintained, and any new locations where any of Pledgor's Inventory or Equipment is to be maintained; (b) any change in the location of the office where Pledgor's records pertaining to its Accounts are kept; (c) the location of any new places of business and the changing or closing of any of its existing places of business; and (d) any change in Pledgor's chief executive office. In the event of any of the foregoing, Pledgor shall promptly execute and deliver to Agent (and Pledgor agrees that Agent may execute and deliver the same as Pledgor's irrevocable attorney-in-fact) new U.C.C. financing statements describing the Collateral and otherwise in form and substance sufficient for recordation wherever necessary or appropriate, as determined in Agent's sole discretion, to perfect or continue perfected the security interest of Agent, for the benefit of the Banks, in the Collateral, based upon such new places of business or names, and Pledgor shall pay all filing and recording fees and taxes in connection with the filing or recordation of such financing statements and shall immediately reimburse Agent therefor if Agent pays the same. Such amounts not so paid or reimbursed shall be Related Expenses hereunder.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Oglebay Norton Co)

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Corporate Names and Location of Collateral. Pledgor shall not change its name, unless, in each case, Pledgor shall provide Agent with at least thirty (30) days' days prior written notice thereof. Pledgor shall not use trade names, assumed names or fictitious names without giving Agent at least thirty (30) days' days prior written notice thereof. Pledgor shall also provide Agent with at least thirty (30) days' days prior written notification of: of (a) any change in any location where any of Pledgor's Inventory or Equipment is maintained, and any new locations where any of Pledgor's Inventory or Equipment is to be maintained; (b) any change in the location of the office where PledgorXxxxxxx's records pertaining to its Accounts are kept; (c) the location of any new places of business and the changing or closing of any of its existing places of business; and (d) any change in Pledgor's chief executive office. In the event of any of the foregoing, Pledgor shall promptly execute and deliver to Agent (and Pledgor Xxxxxxx agrees that Agent may execute and deliver the same as PledgorXxxxxxx's irrevocable attorney-in-fact) new U.C.C. financing statements describing the Collateral and otherwise in form and substance sufficient for recordation wherever necessary or appropriate, as determined in Agent's sole discretion, to perfect or continue perfected the security interest of Agent, for the benefit of the Banks, in the Collateral, based upon such new places of business or names, and Pledgor shall pay all filing and recording fees and taxes in connection with the filing or recordation of such financing statements and shall immediately reimburse Agent therefor if Agent pays the same. Such amounts not so paid or reimbursed shall be Related Expenses hereunder.

Appears in 1 contract

Samples: Assignment Agreement (Oglebay Norton Co /New/)

Corporate Names and Location of Collateral. Pledgor shall not change its name, unless, in each case, Pledgor shall provide Administrative Agent with at least thirty (30) days' days prior written notice thereof. Pledgor shall not use trade names, assumed names or fictitious names without giving Administrative Agent at least thirty (30) days' days prior written notice thereof. Pledgor shall also provide Administrative Agent with at least thirty (30) days' days prior written notification of: of (a) any change in any location where any of Pledgor's the Inventory or Equipment is maintained, and any new locations where any of Pledgor's the Inventory or Equipment is to be maintained; (b) any change in the location of the office where Pledgor's the records pertaining to its the Accounts are kept; (c) the location of any new places of business and the changing or closing of any of its existing places of business; and (d) any change in Pledgor's chief executive officeoffice or state of organization. In the event of any of the foregoingforegoing or as a result of any change of applicable law with respect to the taking of security interests, Pledgor shall promptly execute and deliver hereby authorizes Administrative Agent to Agent file new U.C.C. financing statements (and Pledgor agrees that Administrative Agent may may, where applicable, execute and deliver the same as Pledgor's irrevocable attorney-in-fact) new U.C.C. financing statements describing the Collateral and otherwise in form and substance sufficient for recordation wherever necessary or appropriate, as determined in Administrative Agent's sole discretion, to perfect or continue perfected the security interest of Administrative Agent, for the benefit of the BanksLenders, in the Collateral, based upon such new places of business or namesnames or such change in applicable law or state of organization, and Pledgor shall pay all filing and recording fees and taxes in connection with the filing or recordation of such financing statements and shall immediately reimburse Administrative Agent therefor if Administrative Agent pays the same. Such amounts not so paid or reimbursed shall be Related Expenses hereunder.

Appears in 1 contract

Samples: Security Agreement (Hawk Corp)

Corporate Names and Location of Collateral. Pledgor shall not change its namename or its state of incorporation, unless, in each case, Pledgor shall provide the Collateral Agent with at least thirty (30) 30 days' prior written notice thereof. Pledgor shall not use trade names, assumed names or fictitious names without giving the Collateral Agent at least thirty (30) 30 days' prior written notice thereof. Pledgor shall also provide the Collateral Agent with at least thirty (30) 30 days' prior written notification of: (a) any change in any location where any of Pledgor's Inventory or Equipment is maintained, and any new locations where any of Pledgor's Inventory or Equipment is to be maintained; (b) any change in the location of the office where Pledgor's records pertaining to its Accounts are kept; (c) the location of any new places of business and the changing or closing of any of its existing places of business; and (d) any change in Pledgor's chief executive office. In the event of any of the foregoing, Pledgor shall promptly execute authorize and deliver to the Collateral Agent (and Pledgor agrees that the Collateral Agent may execute authorize and deliver the same as Pledgor's irrevocable attorney-in-fact) new U.C.C. financing statements describing the Collateral and otherwise in form and substance sufficient for recordation wherever necessary or appropriate, as determined in the Collateral Agent's sole discretion, to perfect or continue perfected the security interest of the Collateral Agent, for the benefit of the BanksNoteholders, in the Collateral, based upon clearly describing such new places of business or namesnames and providing such other information in connection therewith as the Collateral Agent may reasonably request, and Pledgor shall pay all filing and recording fees and taxes in connection with the filing or recordation of such financing statements and shall immediately reimburse the Collateral Agent therefor if the Collateral Agent pays the same. Such amounts not so paid or reimbursed shall be Related Expenses hereunder.

Appears in 1 contract

Samples: Security Agreement (Oglebay Norton Co /Ohio/)

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Corporate Names and Location of Collateral. Pledgor No Company shall not change its corporate name, unless, in each case, Pledgor such Company shall provide Agent and the Banks with at least thirty (30) days' days prior written notice thereof. Pledgor Other than those listed on SCHEDULE 5.17, no Company shall not use trade names, assumed names or fictitious names without giving Agent and the Banks at least thirty ten (3010) days' days prior written notice thereof. Pledgor Borrowers shall also provide Agent Bank with at least thirty ten (3010) days' days prior written notification of: of (a) except for movements of Inventory or Equipment from a Borrower to a Subsidiary of such Borrower, from a Subsidiary of a Borrower to such Borrower, or from one Borrower to another Borrower, any change in any location where any of PledgorCompany's Inventory or Equipment is maintained, and any new locations where any of PledgorCompany's Inventory or Equipment is to be maintained; (b) any change in the location of the office where Pledgorany Company's records pertaining to its Accounts are kept; (c) the location of any new places of business and the changing or closing of any of its existing places of business; and (d) any change in Pledgorany Company's chief executive office. In the event of any of the foregoing, Pledgor Borrowers shall promptly execute and deliver to Agent (and Pledgor agrees that or otherwise authenticate if Agent may execute shall require) and deliver the same as Pledgor's irrevocable attorney-in-fact) to Agent, and Agent is hereby authorized to file, new U.C.C. UCC financing statements describing the Collateral and otherwise in form and substance sufficient for recordation wherever reasonably necessary or appropriate, as determined in Agent's sole reasonable discretion, to perfect or continue perfected the security interest of Agent, for the benefit of the Banks, in the Collateral, based upon such new places of business or names, and Pledgor Borrowers shall pay all filing and recording fees and taxes in connection with the filing or recordation of such financing statements and shall immediately reimburse Agent therefor if Agent pays the same. Such amounts not so paid or reimbursed shall be Related Expenses hereunder.

Appears in 1 contract

Samples: Credit and Security Agreement (Res Care Inc /Ky/)

Corporate Names and Location of Collateral. Pledgor shall not change its name, unless, in each case, Pledgor shall provide Collateral Agent with at least thirty (30) days' days prior written notice thereof. Except as specified on Schedule 7 hereto, Pledgor shall not use trade names, assumed names or fictitious names without giving Collateral Agent at least thirty (30) days' days prior written notice thereof. Pledgor shall also provide Collateral Agent with at least thirty (30) days' days prior written notification of: of (a) any change in any location where any of Pledgor's Inventory or Equipment is maintainedmaintained (except with respect to changes among existing locations), and any new locations where any of Pledgor's Inventory or Equipment is to be maintained; (b) any change in the location of the office where Pledgor's records pertaining to its Accounts are kept; (c) the location of any new places of business and the changing or closing of any of its existing places of business; and (d) any change in Pledgor's chief executive office. In the event of any of the foregoing, Pledgor shall promptly execute and deliver to Collateral Agent (and Pledgor agrees that Collateral Agent may execute and deliver the same as Pledgor's irrevocable attorney-in-fact) new U.C.C. financing statements describing the Collateral and otherwise in form and substance sufficient for recordation wherever necessary or appropriate, as determined in Collateral Agent's sole discretion, to perfect or continue perfected the security interest of Collateral Agent, for the benefit of the BanksLenders, in the Collateral, based upon such new places of business or names, and Pledgor shall pay all filing and recording fees and taxes in connection with the filing or recordation of such financing statements and shall immediately reimburse Collateral Agent therefor if Collateral Agent pays the same. Such amounts not so paid or reimbursed shall be Related Administrative Expenses hereunder.

Appears in 1 contract

Samples: Security Agreement (Amcast Industrial Corp)

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