New Collateral Locations. From time to time, each Loan Party may open new locations owned or leased by such Loan Party on which Collateral is stored or located only within the continental United States or Canada provided such Loan Party gives the Administrative Agent prior written notice of the intended opening of any such new location.
Appears in 3 contracts
Samples: Loan and Security Agreement (ADS Tactical, Inc.), Loan and Security Agreement (ADS Tactical, Inc.), Loan and Security Agreement (ADS Tactical, Inc.)
New Collateral Locations. From time to time, each Loan Party may open new locations owned or leased by such Loan Party on which Collateral is stored or located only within the continental United States or Canada (or other locations so long as any Collateral held at such locations is deemed ineligible to be included in the Borrowing Base) provided such Loan Party gives the Administrative Agent prior written notice of the intended opening of any such new location.
Appears in 2 contracts
Samples: Loan and Security Agreement (ADS Tactical, Inc.), Loan and Security Agreement (ADS Tactical, Inc.)
