Common use of Legal Identity Clause in Contracts

Legal Identity. During the Term of this Agreement and until all of ESCO’s obligations under this Agreement are completed, ESCO agrees that it will: a. provide NATIONAL GRID with 60 days prior written notice of any change in [specify corporation / limited liability company / partnership] existence and status as a registered organization, and NATIONAL GRID shall have the right to terminate this Agreement on the effective date of any such change; b. provide NATIONAL GRID with 60 days’ prior written notice, if ESCO merges into or consolidates with any other entity, or sells all or substantially all of its assets, and NATIONAL GRID shall have the right to terminate this Agreement on the effective date of the merger, consolidation or sale; c. provide NATIONAL GRID with 30 days’ prior written notice of any change in ESCO’s state where it is located, incorporated or is registered, as the case may be; d. not change its corporate name without providing NATIONAL GRID with 30 days’ prior written notice; and e. not grant any security interest in the Collateral except to NATIONAL GRID.

Legal Identity. During the Term of this Agreement and until all of ESCO’s obligations under this Agreement are completed, ESCO XXXX agrees that it will: a. provide NATIONAL GRID with 60 days prior written notice of any change in [specify corporation / limited liability company / partnership] existence and status as a registered organization, and NATIONAL GRID shall have the right to terminate this Agreement on the effective date of any such change; b. provide NATIONAL GRID with 60 days’ prior written notice, if ESCO merges into or consolidates with any other entity, or sells all or substantially all of its assets, and NATIONAL GRID shall have the right to terminate this Agreement on the effective date of the merger, consolidation or sale; c. provide NATIONAL GRID with 30 days’ prior written notice of any change in ESCO’s state where it is located, incorporated or is registered, as the case may be; d. not change its corporate name without providing NATIONAL GRID with 30 days’ prior written notice; and e. not grant any security interest in the Collateral except to NATIONAL GRID.