Common use of New Collateral Locations Clause in Contracts

New Collateral Locations. No Borrower shall, or shall permit any of its Subsidiaries to, open or establish any new location within the United States or Canada unless such Person (a) provides the Administrative Agent with ten (10) days prior written notice of any such new location, (b) delivers to the Administrative Agent, duly executed by the appropriate Person(s) where applicable, such agreements, documents and instruments as the Administrative Agent shall reasonably require to protect the Administrative Agent’s interest in the Collateral at such location and (c) delivers to the Administrative Agent such amendments to Schedule 1.1(a) as are required to make such disclosures complete and accurate.

Appears in 4 contracts

Samples: Security Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.)

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New Collateral Locations. No Borrower shall, or shall permit any of its Subsidiaries to, open or establish any new location within the United States or Canada unless such Person (a) provides the Administrative Agent with ten (10) days prior written notice of any such new location, (b) delivers to the Administrative Agent, duly executed by the appropriate Person(s) where applicable, such Collateral Access Agreements and other agreements, documents and instruments as the Administrative Agent shall reasonably require to protect the Administrative Agent’s interest 's interests in the Collateral at such location and (c) delivers to the Administrative Agent such amendments to Schedule 1.1(a) SCHEDULE B, PARTS 6.1 AND 6.8 as are required to make such disclosures complete and accurate.

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

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New Collateral Locations. No Borrower shall, or shall permit any of its Subsidiaries to, open or establish any new location within the United States or Canada unless such Person (aA) provides the Administrative Agent with ten (10) days prior written notice of any such new location, (bB) delivers to the Administrative Agent, duly executed by the appropriate Person(s) where applicable, such Collateral Access Agreements and other agreements, documents and instruments as the Administrative Agent shall reasonably require to protect the Administrative Agent’s interest 's interests in the Collateral at such location and (cC) delivers to the Administrative Agent such amendments to Schedule 1.1(a) SCHEDULE B, PARTS 6.1 and 6.8 as are required to make such disclosures complete and accurate.

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

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