Common use of New Collateral Locations Clause in Contracts

New Collateral Locations. Borrower may only open any new location within the continental United States provided Borrower (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 3 contracts

Samples: Loan and Security Agreement (Reptron Electronics Inc), Loan and Security Agreement (Reptron Electronics Inc), Loan and Security Agreement (Trailer Bridge Inc)

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New Collateral Locations. Each Borrower may only open any new location within the continental United States provided such Borrower (a) gives Agent thirty fifteen (3015) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements.

Appears in 3 contracts

Samples: Loan and Security Agreement (Delta Apparel, Inc), Loan and Security Agreement (Delta Apparel Inc), Loan and Security Agreement (Delta Apparel Inc)

New Collateral Locations. Borrower may only open any new location within ------------------------ the continental United States provided Borrower (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements.

Appears in 2 contracts

Samples: Loan and Security Agreement (Zany Brainy Inc), Loan and Security Agreement (Zany Brainy Inc)

New Collateral Locations. Each Borrower may only open any new location within the continental United States provided such Borrower (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lexington Precision Corp), Loan and Security Agreement (Lexington Precision Corp)

New Collateral Locations. Each Borrower may only open any new location within the continental United States provided such Borrower (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Damark International Inc)

New Collateral Locations. Borrower may only open any new location within the continental United States provided Borrower (a) gives Agent thirty fifteen (3015) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Delta Apparel Inc)

New Collateral Locations. Borrower may only open any new location within the continental United States provided Borrower (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may reasonably deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Pacific Ethanol, Inc.)

New Collateral Locations. Borrower may only open any new location within the continental United States provided Borrower (a) gives Agent thirty fifteen (3015) days prior written notice from Borrower of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Delta Apparel Inc)

New Collateral Locations. Each Borrower may only open any new location --------------------------- within the continental United States provided such Borrower (a) gives Agent thirty Lender fifteen (3015) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent Lender such agreements, documents, and instruments as Agent Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Dh Apparel Co Inc)

New Collateral Locations. A Borrower may only open any new location within the continental United States provided Borrower it (ai) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (bii) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments consistent with the other then existing Financing Agreements to the extent applicable or otherwise as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at to be located in such location, including, without limitation, UCC financing statements and Collateral Access Agreements from appropriate Persons.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Salant Corp)

New Collateral Locations. Borrower may only open any new location within the continental United States provided Borrower (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including, without limitation, UCC financing statements.

Appears in 1 contract

Samples: Loan Agreement (Haynes International Inc)

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New Collateral Locations. Each Borrower may only open any new location within the continental United States provided such Borrower (a) gives Agent thirty fifteen (3015) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Delta Apparel, Inc)

New Collateral Locations. Borrower and each Guarantor may only open any new location within the continental United States provided Borrower or such Guarantor (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Rouge Industries Inc)

New Collateral Locations. Each Borrower may only open any new location within the continental United States provided such Borrower (a) gives Agent thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may reasonably deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 1 contract

Samples: Loan and Security Agreement (Pacific Ethanol, Inc.)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty ten (3010) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests the interest of Agent, for itself and the ratable benefit of Lenders, in the Collateral at such location, including UCC financing statements with respect to the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Huffy Corp)

New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States provided such Borrower or Guarantor (a) gives Agent thirty ten (3010) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests the interest of Agent, for itself and the ratable benefit of Lenders, in the Collateral or any other property which is security for the Obligations at such location, including UCC financing statements with respect to the Collateral or such other property.

Appears in 1 contract

Samples: Credit Agreement (Huffy Corp)

New Collateral Locations. Borrower may only open any new location within the continental United States provided Borrower (a) gives Agent thirty twenty (3020) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Payless Cashways Inc)

New Collateral Locations. Each Borrower may only open any new location within the continental United States or Canada provided such Borrower (a) gives Agent thirty twenty (3020) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Agent such agreements, documents, and instruments as Agent may deem reasonably necessary or desirable to protect its interests the interest of Agent, for itself and the ratable benefit of Lenders, in the Collateral at such location, including UCC or PPSA financing statements with respect to the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Bell Microproducts Inc)

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