Location of Offices and Collateral. (a) No Obligor will change the location of its chief executive office or the place where it keeps its books and records relating to the Collateral or change its name, its identity or corporate structure without giving the Agent at least 60 days prior written notice thereof. (b) All Inventory and Equipment, other than Inventory in transit to any such location, will at all times be kept by each Obligor at the locations set forth on SCHEDULES 6.1(T) and (U), and shall not, without the prior written consent of the Agent, be removed therefrom except pursuant to sales of Inventory permitted under SECTION 8.7(A). (c) If any Inventory is in the possession or control of any of an agent or processor of an Obligor, such Obligor shall notify such agent or processor of the Security Interest (and shall promptly provide copies of any such notice to the Agent and the Lenders) and, upon the occurrence of an Event of Default, shall instruct them (and cause them to acknowledge such instruction) to hold all such Inventory for the account of the Lenders, subject to the instructions of the Agent.
Appears in 2 contracts
Samples: Loan and Security Agreement (Tultex Corp), Loan and Security Agreement (Tultex Corp)
Location of Offices and Collateral. (a) No Obligor The Borrower will not change the location of its chief executive office or the place where it keeps its books and records relating to the Collateral or change its name, its identity or corporate structure without giving the Agent at least 60 days Lender 30 days' prior written notice thereof.
(b) All Inventory and EquipmentInventory, other than Inventory in transit to any such location, will at all times be kept by each Obligor the Borrower at one of the locations set forth on SCHEDULES 6.1(T) and (Uin Schedules 5.1(t), and shall not, without the prior written consent of the AgentLender, be removed therefrom except pursuant to except, so long as no Event of Default shall have occurred and be continuing, for sales of Inventory permitted under SECTION 8.7(A)Section 7.2.
(c) If any Inventory is in the possession or control of any of an agent the Borrower's agents or processor of an Obligorprocessors, such Obligor the Borrower shall notify such agent agents or processor processors of the Security Interest (and shall promptly provide copies of any such notice to the Agent and the Lenders) and, upon the occurrence of an Event of Default, shall instruct them (and cause them to acknowledge such instruction) to hold all such Inventory for the account of the LendersLender, subject to the instructions of the AgentLender.
Appears in 2 contracts
Samples: Loan and Security Agreement (International Comfort Products Corp), Loan Agreement (International Comfort Products Corp)
Location of Offices and Collateral. (a) No Obligor The Borrower will not change the location of its chief executive office or the place where it keeps its books and records relating to the Collateral or change its name, its identity or corporate structure without giving the Agent at least 60 days days' prior written notice thereof.
(b) All Inventory and EquipmentInventory, other than Inventory in transit to any such location, and all equipment will at all times be kept by each Obligor the Borrower at the locations set forth on SCHEDULES 6.1(Tin Schedules 7.1(u) and (U7.1(v), and shall not, without the prior written consent of the Agent, be removed therefrom except pursuant to sales of Inventory permitted under SECTION 8.7(ASection 9.6(a).
(c) If any Inventory is in the possession or control of any of an agent the Borrower's agents or processor of an Obligorprocessors, such Obligor the Borrower shall notify such agent agents or processor processors of the Security Interest (and shall promptly provide copies of any such notice to the Agent and the Lenders) and, upon the occurrence of an Event of Default, shall instruct them (and cause them to acknowledge such instruction) to hold all such Inventory for the account of the account of the Lenders, subject to the instructions of the Agent.
Appears in 1 contract
Samples: Loan and Security Agreement (Synthetic Industries Inc)
Location of Offices and Collateral. (a) No Obligor Borrower will not change the location of its chief executive office or the place where it keeps its books and records relating to the Collateral or change its name, its identity or corporate structure without giving the Agent at least 60 days sixty (60) days' prior written notice thereof.
(b) All Inventory and EquipmentInventory, other than Inventory in transit to any such locationtransit, will at all times be kept by each Obligor Borrower at the locations set forth on SCHEDULES 6.1(T) and (Uin Schedule 8.1(v), and shall not, without the prior written consent of the Agent, be removed therefrom except pursuant to sales of Inventory permitted under SECTION 8.7(ASection 10.7(a).
(c) If any Inventory is in the possession or control of any of an agent Borrower's agents or processor of an Obligorprocessors, such Obligor Borrower shall notify such agent agents or processor processors of the Security Interest (and shall promptly provide copies of any such notice to the Agent and the Lenders) and, upon the occurrence of an Event of Default, shall instruct them (and cause them to acknowledge such instruction) to hold all such Inventory for the account of the Lenders, subject to the instructions of the Agent.
Appears in 1 contract
Location of Offices and Collateral. (a) No Obligor Borrower will change the location of its chief executive office or the place where it keeps its books and records relating to the Collateral or change its name, its identity or corporate structure without giving the Agent at least 60 days prior written notice thereof.to
(b) All Inventory and EquipmentInventory, other than Inventory in transit to any such location, and all Equipment, other than motor vehicles, will at all times be kept by each Obligor the Borrowers at one of the locations set forth on in SCHEDULES 6.1(T5.1(u) and (U5.1(v), respectively, and shall not, without the prior written consent of the AgentLender, be removed therefrom except pursuant to except, so long as no Event of Default shall have occurred and be continuing, for sales of Inventory permitted under SECTION 8.7(A)7.8.
(c) If any Inventory is in the possession or control of any of an agent any Borrower's agents or processor of an Obligorprocessors, such Obligor Borrower shall notify such agent agents or processor processors of the Security Interest (and shall promptly provide copies of any such notice to the Agent and the Lenders) and, upon the occurrence of an Event of Default, Default and shall instruct them (and cause them to acknowledge such instruction) to hold all such Inventory for the account of the LendersLender, subject to the instructions of the AgentLender.
Appears in 1 contract
Location of Offices and Collateral. (a) No Obligor The Borrower will not change the location of its chief executive office or the place where it keeps its books and records relating to the Collateral or change its name, its identity or corporate structure without giving the Agent at least 60 days prior written notice thereof.
(b) All Inventory and EquipmentInventory, other than Inventory in transit transit, to any such location, and all Equipment will at all times be kept by each Obligor the Borrower at the locations set forth on in SCHEDULES 6.1(T5.1(U) and (UAND 5.1(V), respectively, and shall not, without the prior written consent approval of the Agent, be removed therefrom except pursuant except, prior to an Event of Default, for sales of Inventory permitted under SECTION 8.7(A)SECTIONS 7.6 and 7.8.
(c) If any Inventory is in the possession or control of any of an agent the Borrower's agents or processor of an Obligorprocessors, such Obligor the Borrower shall notify such agent agents or processor processors of the Security Interest (and shall promptly provide copies of any such notice to the Agent and the Lenders) and, upon the occurrence of an Event of Default, Default shall instruct them (and cause them to acknowledge such instruction) to hold all such Inventory for the account of the Lenders, subject to the instructions of the Agent.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Synthetic Industries Inc)
Location of Offices and Collateral. (a) No Obligor Borrower will not change the location of its chief executive office or the place where it keeps its books and records relating to the Collateral or change its name, its identity identity, jurisdiction of organization or corporate structure without giving the Agent at least 60 days Lender 30 days' prior written notice thereof.
(b) All Inventory and EquipmentInventory, other than Inventory in transit to any such location, will at all times be kept by each Obligor Borrower at one of the locations set forth on SCHEDULES 6.1(T) and (Uin Schedule 5.1(x), and shall not, without the prior written consent of the AgentLender, be removed therefrom except pursuant to except, so long as no Event of Default shall have occurred and be continuing, for sales of Inventory permitted under SECTION 8.7(A)in the ordinary course of business.
(c) If any Inventory is in the possession or control of any of an agent Borrower's agents or processor of an Obligorprocessors, such Obligor Borrower shall notify such agent agents or processor processors of the Security Interest (and shall promptly provide copies of any such notice to the Agent and the Lenders) and, upon the occurrence of an Event of Default, shall instruct them (and cause them to acknowledge such instruction) to hold all such Inventory for the account of the LendersLender, subject to the instructions of the AgentLender.
Appears in 1 contract
Samples: Loan and Security Agreement (Centennial Specialty Foods Corp)
Location of Offices and Collateral. (a) No Obligor The Borrowers will not change the location of its either of their respective chief executive office offices or the place where it keeps its they keep their respective books and records relating to the Collateral or change its nametheir respective names, its identity or corporate structure without giving the Agent at least 60 days Lender 30 days' prior written notice thereof.
(b) . All Inventory and EquipmentCollateral, other than Inventory in transit to any such location, will at all times be kept by each Obligor the Borrowers at one of the locations set forth on in SCHEDULES 6.1(T5.01(t) and (U5.01(u), respectively, and shall not, without the prior written consent of the AgentLender, be removed therefrom except pursuant to except, so long as no Event of Default shall have occurred and be continuing, for sales of Inventory permitted under SECTION 8.7(A)7.06.
(cb) If any Inventory Collateral is in the possession or control of any of an agent the Borrowers' agents or processor of an Obligorprocessors, such Obligor the Borrowers shall notify such agent agents or processor processors of the Security Interest (and shall promptly provide copies of any such notice to the Agent and the Lenders) and, upon the occurrence of an Event of Default, shall instruct them (and cause them to acknowledge such instruction) to hold all such Inventory Collateral for the account of the LendersLender, subject to the instructions of the AgentLender.
Appears in 1 contract
Samples: Loan and Security Agreement (Ild Telecommunications Inc)
Location of Offices and Collateral. (a) No Obligor The Borrowers will not change the location of its either of their respective chief executive office offices or the place where it keeps its they keep their respective books and records relating to the Collateral or change its nametheir respective names, its identity or corporate structure without giving the Agent at least 60 days Lender 30 days' prior written notice thereof.
(b) . All Inventory and EquipmentCollateral, other than Inventory in transit to any such location, will at all times be kept by each Obligor the Borrowers at one of the locations set forth on SCHEDULES 6.1(Tin Schedules 5.01(t) and (U5.01(u), respectively, and shall not, without the prior written consent of the AgentLender, be removed therefrom except pursuant to except, so long as no Event of Default shall have occurred and be continuing, for sales of Inventory permitted under SECTION 8.7(A)Section 7.06.
(cb) If any Inventory Collateral is in the possession or control of any of an agent the Borrowers' agents or processor of an Obligorprocessors, such Obligor the Borrowers shall notify such agent agents or processor processors of the Security Interest (and shall promptly provide copies of any such notice to the Agent and the Lenders) and, upon the occurrence of an Event of Default, shall instruct them (and cause them to acknowledge such instruction) to hold all such Inventory Collateral for the account of the LendersLender, subject to the instructions of the AgentLender.
Appears in 1 contract
Location of Offices and Collateral. (a) No Obligor Borrower will change the location of its chief executive office or the place where it keeps its books and records relating to the Collateral or change its name, its identity or corporate structure structure, or its jurisdiction of organization without giving the Administrative Agent at least 60 days 30 days' prior written notice thereof.
(b) All Inventory and EquipmentInventory, other than Inventory in transit to any such location, will at all times be kept by each Obligor a Borrower at the locations set forth on SCHEDULES 6.1(T) and (Uin SCHEDULE 7.1(u), and shall not, without the prior written consent of the Administrative Agent, be removed therefrom except pursuant to sales of Inventory permitted under SECTION 8.7(A9.7(a).
(c) If any Inventory is in the possession or control of any of an agent a Borrower's agents or processor of an Obligorprocessors, such Obligor Borrower shall notify such agent agents or processor processors of the Security Interest (and shall promptly provide copies of any such notice to the Administrative Agent and the Lenders) and, upon the occurrence of an Event of Default, shall instruct them (and cause them to acknowledge such instruction) to hold all such Inventory for the account of the account of the Lenders, subject to the instructions of the Administrative Agent.
Appears in 1 contract