Common use of Existence; Perfection Clause in Contracts

Existence; Perfection. Debtor will maintain its corporate existence in good standing and comply with all laws and regulations of the United States or any state or political subdivision thereof, or of any governmental authority which may have jurisdiction over it or its business. Debtor will not change its name, identity or corporate structure in any manner unless it shall have given Secured Parties prior written notice thereof and delivered an opinion of counsel satisfactory to Secured Parties with respect thereto. Debtor will not establish or change the location of its chief executive office or its chief place of business or except in the ordinary course of business, the locations where it keeps or holds any Collateral or records relating thereto or in any event change the location of any Collateral if such change would cause the security interests hereunder to lapse or cease to be perfected.

Appears in 2 contracts

Samples: Security Agreement (Vendingdata Corp), Security Agreement (Vendingdata Corp)

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Existence; Perfection. Debtor will maintain its corporate existence in good standing and comply with all laws and regulations of the United States or any state or political subdivision thereof, or of any governmental authority which may have jurisdiction over it or its business. Debtor will not change its name, identity or corporate structure in any manner unless it shall have given Secured Parties prior written notice thereof and delivered an opinion of counsel satisfactory to Secured Parties with respect thereto. Debtor will not establish or change the location of its chief executive office or its chief place of business or except in the ordinary course of business, the locations where it keeps or holds any Collateral or records relating thereto or in any event change the location of any Collateral if such change would cause the security interests hereunder to lapse or cease to be perfected.

Appears in 1 contract

Samples: Security Agreement (Vendingdata Corp)

Existence; Perfection. Debtor will maintain its corporate existence in good standing and comply with all laws and regulations of the United States or any state or political subdivision thereof, or of any governmental authority which may have jurisdiction over it or its business. Debtor will not change its name, identity or corporate structure in any manner unless it shall have given the Secured Parties Party prior written notice thereof and delivered an opinion of counsel satisfactory to the Secured Parties Party with respect thereto. Debtor will not establish or change the location of its chief executive office or its chief place of business or except in the ordinary course of business, the locations where it keeps or holds any Collateral or records relating thereto or in any event change the location of any Collateral if such change would cause the security interests hereunder to lapse or cease to be perfected.

Appears in 1 contract

Samples: Security Agreement (Vendingdata Corp)

Existence; Perfection. Debtor will maintain its corporate existence in good standing and standing, comply with all laws and regulations of the United States or any state or political subdivision thereof, or of any governmental authority (domestic or foreign) which may have jurisdiction over it or its business. Debtor will not change its name, identity or corporate structure in any manner unless it shall have given the Secured Parties Party prior written notice thereof and delivered an opinion obtained the prior written consent of counsel satisfactory to Secured Parties with respect theretothe Security Party. Debtor will not establish or change the location of its chief executive office or its chief place of business or except in the ordinary course of business, the locations where it keeps or holds any Collateral or records relating thereto or in any event change the location of any Collateral if such change would cause the security interests hereunder to lapse or cease to be perfected.

Appears in 1 contract

Samples: Security Agreement (Cadista Holdings Inc.)

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Existence; Perfection. Debtor will maintain its corporate existence in good standing and comply with all laws and regulations of the United States or any state or political subdivision thereof, thereof or of any governmental authority which may have jurisdiction over it or its business. Debtor will not change its name, identity or corporate structure in any manner unless it shall have given the Secured Parties Party prior written notice thereof and delivered an opinion of counsel satisfactory to the Secured Parties Party with respect thereto. Debtor will not establish or change the location of its chief executive office or its chief place of business or except in the ordinary course of business, the locations where it keeps or holds any Collateral or records relating thereto or in any event change the location of any Collateral if such change would cause the security interests hereunder to lapse or cease to be perfected.

Appears in 1 contract

Samples: Security Agreement (Vendingdata Corp)

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