Covenants Concerning Grantor’s Legal Status Sample Clauses

Covenants Concerning Grantor’s Legal Status. Each Grantor covenants with the Secured Party as follows: (a) without providing at least 30 days prior written notice to the Secured Party, such Grantor will not change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification number if it has one, and (b) such Grantor will not change its type of organization, jurisdiction of organization or other legal structure.
AutoNDA by SimpleDocs
Covenants Concerning Grantor’s Legal Status. Each Grantor covenants with the Secured Parties and the Administrative Agent as follows: (a) without providing at least thirty (30) days prior written notice to the Administrative Agent, no Grantor will change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification number if it has one, (b) if any Grantor does not have an organizational identification number and later obtains one, such Grantor will forthwith notify the Administrative Agent of such organizational identification number, and (c) no Grantor will change its type of organization, jurisdiction of organization or other legal structure.
Covenants Concerning Grantor’s Legal Status. Each Grantor covenants with the Purchasers as follows: (a) without providing at least 30 days prior written notice to the Purchasers, the Grantor will not change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification number if it has one, (b) if the Grantor does not have an organizational identification number and later obtains one, the Grantor shall forthwith notify the Purchasers of such organizational identification number, and (c) the Grantor will not change its type of organization, jurisdiction of organization or other legal structure.
Covenants Concerning Grantor’s Legal Status. The Grantor covenants to and with the Lender as follows: (a) there is no pending or threatened litigation, claim for infringement, proceeding or investigation by any governmental authority or any other person known to the Grantor against or otherwise affecting the Grantor or any of its assets or its officers, directors or agents in their capacities as such, nor does the Grantor know of any ground for any such litigation, infringement claims, proceedings or investigations; (b) no contract or organizational document prohibits any term or condition of this Agreement; (c) the execution and delivery of this Agreement will not violate any law or agreement governing the Grantor or to which the Grantor is a party; and (d) all information and statements furnished in connection with the Loan Documents, and any other documents related to this secured transaction, are true and correct, and contain no false or misleading statement.
Covenants Concerning Grantor’s Legal Status. Each Grantor covenants with the Senior Secured Parties and the Collateral Agent as follows: (a) without providing at least thirty (30) days prior written notice to the Collateral Agent, such Grantor will not change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification number if it has one, (b) if such Grantor does not have an organizational identification number and later obtains one, such Grantor will promptly (but in any event not later than five (5) Business Days thereafter) notify the Collateral Agent of such organizational identification number, and (c) such Grantor will not change its type of organization, jurisdiction of organization or other legal structure, except as permitted by Section 7.04 of each Credit Agreement.
Covenants Concerning Grantor’s Legal Status. Each Grantor covenants with the Holders and the Collateral Agent as follows: (a) without providing at least thirty (30) days prior written notice to the Collateral Agent, such Grantor will not change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification number if it has one, (b) if such Grantor does not have an organizational identification number and later obtains one, such Grantor will forthwith notify the Collateral Agent of such organizational identification number, and (c) such Grantor will not change its type of organization, jurisdiction of organization or other legal structure.
Covenants Concerning Grantor’s Legal Status. Each of the Grantors covenants with the Administrative Agent as follows: (a) without providing at least thirty (30) days’ prior written notice (or such later date agreed to by the Administrative Agent) to the Administrative Agent, such Grantor will not change its name, its jurisdiction of organization, its chief executive office, or organizational identification number if it has one, (b) if such Grantor adds any additional location at which, inventory, machinery or equipment with the aggregate value in excess of $2,500,000 are located (except for property in transit and short-term temporary locations in the ordinary course of business), such Grantor will, with delivery of the financial statements pursuant to Section 6.01(a) and 6.01(b) of the Credit Agreement (or such later date agreed to by the Administrative Agent), notify the Administrative Agent in writing of such additional locations added during the most recently ended fiscal quarter and, if elected by such Grantor, any anticipated locations to be added in the succeeding fiscal quarter, (c) if such Grantor does not have an organizational identification number and later obtains one, such Grantor will promptly notify the Administrative Agent of such organizational identification number, (d) such Grantor will promptly notify the Administrative Agent of any change to its type of organization, jurisdiction of organization or other legal structure, and (e) with respect to the foregoing, such Grantor will forthwith take all action reasonably satisfactory to the Administrative Agent to maintain the perfection and priority of the security interest of the Administrative Agent.
AutoNDA by SimpleDocs
Covenants Concerning Grantor’s Legal Status. Each Grantor covenants with the Agent and the other Secured Parties as follows: (a) without providing at least 30 days prior written notice to the Agent and the other Secured Parties, the Grantor will not change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification number if it has one, (b) if the Grantor does not have an organizational identification number and later obtains one, the Grantor shall forthwith notify the Agent and the other Secured Parties of such organizational identification number, and (c) the Grantor will not change its type of organization, jurisdiction of organization or other legal structure.
Covenants Concerning Grantor’s Legal Status. Each Grantor covenants with the Collateral Agent as follows: (a) without providing at least 15 days prior written notice to the Collateral Agent, each Grantor will not change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification number if it has one, (b) if any Grantor does not have an organizational identification number and later obtains one, such Grantor will forthwith notify the Collateral Agent of such organizational identification number, and (c) without providing at least 15 days prior written notice to the Collateral Agent, each Grantor will not change its type of organization, jurisdiction of organization or other legal structure.
Covenants Concerning Grantor’s Legal Status. Grantor covenants with the Secured Party as follows: (a) without the prior written consent of the Secured Party (such consent not to be unreasonably withheld), the Grantor will not change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification number if it has one, (b) if the Grantor does not have an organizational identification number and later obtains one, the Grantor shall forthwith notify the Secured Party of such organizational identification number, and (c) without the prior written consent of the Secured Party, the Grantor will not change its type of organization or jurisdiction of organization.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!