Common use of Grantor Information and Status Clause in Contracts

Grantor Information and Status. Without limiting any prohibitions or restrictions on mergers or other transactions set forth in the Credit Agreement or any other Credit Document, it shall not change such Grantor’s name, identity, corporate structure (e.g. by merger, consolidation, change in corporate form or otherwise), sole place of business (or principal residence if such Grantor is a natural person), chief executive office, organizational identification number, type of organization or jurisdiction of organization or establish any trade names unless it shall have (a) promptly notified the Collateral Agent in writing (and, in any event, within thirty (30) days after) of any such change or establishment, identifying such new proposed name, identity, corporate structure, sole place of business (or principal residence if such Grantor is a natural person), chief executive office, jurisdiction of organization or trade name and providing such other information in connection therewith as the Collateral Agent may reasonably request, and (b) taken all actions necessary or advisable to maintain the continuous validity, perfection and the same or better priority of the Collateral Agent’s security interest in the Pledged Collateral granted or intended to be granted and agreed to hereby, which in the case of any merger or other change in corporate structure, shall include, without limitation, executing and delivering to the Collateral Agent a completed Pledge Supplement together with all supplements to Schedules thereto, upon completion of such merger or other change in corporate structure confirming the grant of the security interest hereunder.

Appears in 3 contracts

Samples: Gaming Entities Pledge Agreement (American Casino & Entertainment Properties LLC), First Lien Gaming Entities Pledge Agreement (American Casino & Entertainment Properties LLC), Second Lien Gaming Entities Pledge Agreement (American Casino & Entertainment Properties LLC)

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Grantor Information and Status. Without limiting any prohibitions or restrictions on mergers or other transactions set forth in the Credit Agreement or any other Credit Document, it shall not change such Grantor’s name, identity, corporate structure (e.g. by merger, consolidation, change in corporate form or otherwise), sole place of business (or principal residence if such Grantor is a natural person), chief executive office, organizational identification number, type of organization or jurisdiction of organization or establish any trade names unless it shall have (a) promptly notified the Collateral Agent in writing (and, in any event, within thirty (30) days after) of any such change or establishment, identifying such new proposed name, identity, corporate structure, sole place of business (or principal residence if such Grantor is a natural person), chief executive office, jurisdiction of organization or trade name and providing such other information in connection therewith as the Collateral Agent may reasonably request, request and (b) taken all actions necessary or advisable to maintain the continuous validity, perfection and the same or better priority of the Collateral Agent’s security interest in that portion of the Pledged Collateral granted or intended to be granted and agreed to hereby, which in the case of any merger or other change in corporate structure, structure shall include, without limitation, executing and delivering to the Collateral Agent a completed Pledge Supplement together with all supplements to Schedules thereto, upon completion of such merger or other change in corporate structure confirming the grant of the security interest hereunder.

Appears in 3 contracts

Samples: Pledge and Security Agreement (American Casino & Entertainment Properties LLC), First Lien Pledge and Security Agreement (American Casino & Entertainment Properties LLC), Second Lien Pledge and Security Agreement (American Casino & Entertainment Properties LLC)

Grantor Information and Status. Without (a) without limiting any prohibitions or restrictions on mergers or other transactions set forth in the Credit Agreement or any other Credit DocumentAgreement, it such Grantor shall not change such Grantor’s its name, identity, corporate structure (e.g. e.g., by merger, consolidation, change in corporate form or otherwise), sole place of business (or principal residence if such Grantor is a natural person), chief executive office, organizational identification number, type of organization or jurisdiction of organization or establish any trade names unless it shall have (ai) promptly notified the Collateral Agent in writing at least ten (and, in any event, within thirty 10) Business Days (30or such lesser period of time as consented to by Agent) days after) of prior to any such change or establishment, identifying such new proposed name, identity, corporate structure, sole place of business (or principal residence if such Grantor is a natural person), chief executive office, jurisdiction of organization or trade name and providing such other information in connection therewith as the Collateral Agent may reasonably request, request and (bii) taken all actions actions, as Agent deems, in its sole and reasonable discretion, necessary or advisable to maintain the continuous validity, perfection and the same or better priority of the Collateral Agent’s security interest in the Pledged Collateral granted or intended to be granted and agreed to hereby, which in the case of any merger or other change in corporate structure, structure shall include, without limitation, executing and delivering to the Collateral Agent a completed Pledge Security Agreement Supplement together with all supplements Supplements to Schedules thereto, upon promptly following completion of such merger or other change in corporate structure confirming the grant of the security interest hereunder.

Appears in 1 contract

Samples: Security Agreement (Dts, Inc.)

Grantor Information and Status. Without (a) without limiting any prohibitions or restrictions on mergers or other transactions set forth in the Credit Agreement or any other Credit DocumentAgreement, it such Grantor shall not change such Grantor’s its name, identity, corporate structure (e.g. e.g., by merger, consolidation, change in corporate form or otherwise)) (other than the wind-up, sole place liquidation or dissolution of business (or principal residence if such Grantor is a natural personImmaterial Subsidiaries), chief executive office, organizational identification number, type of organization or jurisdiction of organization or establish any trade names unless it shall have (ai) promptly notified the Collateral Administrative Agent in writing at least five (and, in any event, within thirty 5) Business Days (30or such lesser period of time as consented to by the Administrative Agent) days after) of prior to any such change or establishment, identifying such new proposed name, identity, corporate structure, sole place of business (or principal residence if such Grantor is a natural person), chief executive office, jurisdiction of organization or trade name and providing such other information in connection therewith as the Collateral Administrative Agent may reasonably request, request and (bii) taken all actions necessary or advisable to maintain the continuous validity, perfection and the same or better priority of the Collateral Administrative Agent’s security interest in the Pledged Collateral granted or intended to be granted and agreed to hereby, which in the case of any merger or other change in corporate structure, structure shall include, without limitation, executing and delivering to the Collateral Administrative Agent a completed Pledge Collateral Agreement Supplement together with all supplements Supplements to Schedules thereto, upon promptly following completion of such merger or other change in corporate structure confirming the grant of the security interest hereunder.

Appears in 1 contract

Samples: Collateral Agreement (Dts, Inc.)

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Grantor Information and Status. Without (a) without limiting any prohibitions or restrictions on mergers or other transactions set forth in the Credit Agreement or any other Credit DocumentLoan Agreement, it shall not change such Grantor’s name, identity, corporate structure (e.g. by merger, consolidation, change in corporate form or otherwise), sole place of business (or principal residence if such Grantor is a natural person), chief executive office, organizational identification number, type of organization or jurisdiction of organization or establish any trade names unless it shall have (a) promptly notified the Collateral Agent in writing (and, in any event, within at least thirty (30) days after) of prior to any such change or establishment, identifying such new proposed name, identity, corporate structure, sole place of business (or principal residence if such Grantor is a natural person), chief executive office, jurisdiction of organization or trade name and providing such other information in connection therewith as the Collateral Agent may reasonably request, request and (b) taken all actions necessary or advisable to maintain the continuous validity, perfection and the same or better priority of the Collateral Agent’s security interest in the Pledged Collateral granted or intended to be granted and agreed to hereby, which in . In the case of any merger or other change consolidation, it shall take all actions necessary or advisable to maintain the continuous validity, perfection and the same priority of the Collateral Agent’s security interest in corporate structure, shall includethe Collateral granted or intended to be granted and agreed to hereby including, without limitation, executing and delivering to the Collateral Agent a completed Pledge Supplement together with all supplements Supplements to Schedules thereto, upon completion of such merger or other change in corporate structure consolidation confirming the grant of the security interest hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Safeguard Scientifics Inc)

Grantor Information and Status. Without (a) without limiting any prohibitions or restrictions on mergers or other transactions set forth in the Credit Agreement or any other Credit DocumentLoan Agreement, it such Grantor shall not change such Grantor’s its name, identity, corporate structure (e.g. e.g., by merger, consolidation, change in corporate form or otherwise), sole place of business (or principal residence if such Grantor is a natural person), chief executive office, organizational identification number, type of organization or jurisdiction of organization or establish any trade names unless it shall have (ai) promptly notified the Collateral Agent in writing at least ten (and, in any event, within thirty 10) Business Days (30or such lesser period of time as consented to by Agent) days after) of prior to any such change or establishment, identifying such new proposed name, identity, corporate structure, sole place of business (or principal residence if such Grantor is a natural person), chief executive office, jurisdiction of organization or trade name and providing such other information in connection therewith as the Collateral Agent may reasonably request, request and (bii) taken all actions actions, as Agent deems, in its sole and reasonable discretion, necessary or advisable to maintain the continuous validity, perfection and the same or better priority of the Collateral Agent’s security interest in the Pledged Collateral granted or intended to be granted and agreed to hereby, which in the case of any merger or other change in corporate structure, structure shall include, without limitation, executing and delivering to the Collateral Agent a completed Pledge Security Agreement Supplement together with all supplements Supplements to Schedules thereto, upon promptly following completion of such merger or other change in corporate structure confirming the grant of the security interest hereunder.

Appears in 1 contract

Samples: Security Agreement (Dts, Inc.)

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