Common use of New Collateral Locations Clause in Contracts

New Collateral Locations. Borrower may open any new location provided Borrower (a) gives Lender 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 Lender such agreements, documents, and instruments as Lender 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 (Centennial Technologies Inc), Loan and Security Agreement (Seven Seas Steamship Co Nv)

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New Collateral Locations. Borrower may open any new location within the continental United States or Canada provided Borrower (a) gives Lender 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 Lender such agreements, documents, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements and PPSA financing statements.

Appears in 2 contracts

Samples: Loan and Security Agreement (Inverness Medical Innovations Inc), Loan and Security Agreement (Ivc Industries Inc)

New Collateral Locations. Borrower may open any new location ------------------------ within the continental United States provided Borrower (a) gives Lender 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 Lender such agreements, documents, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including including, without limitation, UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Nei Webworld Inc)

New Collateral Locations. Borrower may open any new location within the continental United States provided Borrower (a) gives Lender 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 Lender such agreements, documents, and instruments as 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 (Party City Corp)

New Collateral Locations. Borrower may open open, maintain or move Inventory to any new location within the continental United States provided Borrower (a) gives Lender 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 Lender such agreements, documents, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral or any other property which is security for the Obligations at such location, including UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Fairwood Corp)

New Collateral Locations. A Borrower may open any a new location within ------------------------ the continental United States provided such Borrower (a) gives Lender 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 Lender such agreements, documents, and instruments as 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 (Transit Group Inc)

New Collateral Locations. Borrower may open any new location within the continental United States provided Borrower (a) gives Lender 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 Lender such agreements, documentsdocu- ments, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including including, without limitation, UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (PST Vans Inc)

New Collateral Locations. Borrower may open any new location within the continental United States provided Borrower (a) gives Lender 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 Lender such agreements, documents, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC UCC-1 financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Bontex Inc)

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New Collateral Locations. Each Borrower may open any new location within the United States provided such Borrower (a) gives Lender 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 Lender such agreements, documents, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including including, without limitation, UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Reunion Industries Inc)

New Collateral Locations. Any Borrower may open any new location within the continental United States provided such Borrower or Guarantor (a) gives Lender 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 Lender such agreements, documents, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including including, without limitation, UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Decorative Home Accents Inc)

New Collateral Locations. Each Borrower may open any new location within the continental United States provided such Borrower (a) gives Lender 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 Lender such agreements, documents, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including including, without limitation, UCC financing statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Wyant Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Diplomat Corp)

New Collateral Locations. Borrower may open open, or transfer Inventory to, any new location within the continental United States provided Borrower (a) gives Lender 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 Lender such agreements, documents, and instruments as 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 (Exabyte Corp /De/)

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