Corporate Names and Location of Collateral. Borrower shall not (a) change its name, or (b) change its jurisdiction or form of organization or extend or continue its existence in or to any other jurisdiction (other than its jurisdiction of organization at the date of this Agreement) unless, in each case, Borrower shall provide Lender with at least ten (10) days prior written notice thereof. Lender is hereby authorized to file 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 Lender’s sole discretion, to perfect or continue perfected the security interest of Lender in the Collateral. Borrower shall pay all filing and recording fees and taxes in connection with the filing or recordation of such U.C.C. Financing Statements and shall immediately reimburse Lender therefor if Lender pays the same. Such amounts not so paid or reimbursed shall be Related Expenses.
Appears in 4 contracts
Samples: Security Agreement (Webmediabrands Inc.), Security Agreement (Webmediabrands Inc.), Security Agreement (Webmedia Brands Inc.)
