Common use of Location of Credit Security Clause in Contracts

Location of Credit Security. Each Obligor shall at all times keep its records concerning the Accounts at its chief executive office and principal place of business, which office and place of business shall be as set forth in Exhibit 11.1 to the Second Amended and Restated Credit Agreement (as from time to time supplemented in accordance with Sections 10.4.1 and 10.4.2 of the Second Amended and Restated Credit Agreement) or, so long as such Obligor shall have taken all steps reasonably necessary to perfect the Lenders' security interest in the Credit Security with respect to such new address, at such other address as such Obligor may specify by notice actually received by the Agent not less than 10 Banking Days prior to such change of address. No Obligor shall at any time keep tangible personal property of the type referred to in Section 3.1.1 in any jurisdiction other than the jurisdictions specified in such Exhibit 11.1 (as so supplemented) or, so long as such Obligor shall have taken all steps reasonably necessary to perfect the Lenders' security interest in the Credit Security with respect to such other jurisdiction, other jurisdictions as such Obligor may specify by notice actually received by the Agent not less than 10 days prior to moving such tangible personal property into such other jurisdiction.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc)

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Location of Credit Security. Each Obligor shall at all times keep its records concerning the Accounts at its chief executive office and principal place of business, which office and place of business shall be as set forth in Exhibit 11.1 to the Second Amended and Restated Credit Agreement EXHIBIT 2.3.4 (as from time to time supplemented in accordance with Sections 10.4.1 and 10.4.2 of by notice to the Second Amended and Restated Credit AgreementLender as set forth below) or, so long as such Obligor shall have taken all steps reasonably necessary to perfect the Lenders' Lender's security interest in the Credit Security with respect to such new address, at such other address as such Obligor may specify by notice actually received by the Agent Lender not less than 10 Banking Days prior to such change of address. No Obligor shall at any time keep tangible personal property of the type referred to in Section 3.1.1 2.1.1 in any jurisdiction other than the jurisdictions specified in such Exhibit 11.1 EXHIBIT 2.3.4 (as so supplemented) or, or so long as such Obligor shall have taken all steps reasonably necessary to perfect the Lenders' Lender's security interest in the Credit Security with respect to such other jurisdiction, other jurisdictions as such Obligor may specify by notice actually received by the Agent Lender not less than 10 days prior to moving such tangible personal property into such other jurisdiction.

Appears in 1 contract

Samples: Security Agreement (Surge Components Inc)

Location of Credit Security. Each Obligor shall at all times keep its records concerning the Accounts at its chief executive office and principal place of business, which office and place of business shall be as set forth in Exhibit 11.1 exhibit 7.1 to the Second Amended and Restated Credit Agreement (as from time to time supplemented in accordance with Sections 10.4.1 sections 6.4.1 and 10.4.2 6.4.2 of the Second Amended and Restated Credit Agreement) or, so long as such Obligor shall have taken all steps reasonably necessary to perfect the Lenders' security interest in the Credit Security with respect to such new address, at such other address as such Obligor may specify by notice actually received by the Agent not less than 10 Banking Days prior to such change of address. No Obligor shall at any time keep tangible personal property of the type referred to in Section 3.1.1 in any jurisdiction other than the jurisdictions specified in such Exhibit 11.1 exhibit 7.1 (as so supplemented) or, so long as such Obligor shall have taken all steps reasonably necessary to perfect the Lenders' security interest in the Credit Security with respect to such other jurisdiction, other jurisdictions as such Obligor may specify by notice actually received by the Agent not less than 10 days prior to moving such tangible personal property into such other jurisdiction.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc)

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Location of Credit Security. Each Obligor shall at all times keep its records concerning the Accounts at its chief executive office and principal place of business, which office and place of business shall be as set forth in Exhibit 11.1 exhibit 7.1 to the Second Amended and Restated Credit Agreement (as from time to time supplemented in accordance with Sections 10.4.1 sections 6.4.1 and 10.4.2 6.4.2 of the Second Amended and Restated Credit Agreement) or, so long as such Obligor shall have taken all steps reasonably necessary to perfect the Lenders' security interest in the Credit Security with respect to such new address, at such other address as such Obligor may specify by notice actually received by the Agent not less than 10 Banking Days prior to such change of address. No Obligor shall at any time keep tangible personal property of the type referred to in Section 3.1.1 2.1.1 in any jurisdiction other than the jurisdictions specified in such Exhibit 11.1 exhibit 7.1 (as so supplemented) or, so long as such Obligor shall have taken all steps reasonably necessary to perfect the Lenders' security interest in the Credit Security with respect to such other jurisdiction, other jurisdictions as such Obligor may specify by notice actually received by the Agent not less than 10 days prior to moving such tangible personal property into such other jurisdiction.

Appears in 1 contract

Samples: Security Agreement (Pediatrix Medical Group Inc)

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