Common use of New Collateral Locations Clause in Contracts

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 ten (10) 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; provided, that, without limiting the obligations of Borrowers and Guarantors pursuant to Section 7.1 hereof or otherwise hereunder, Borrowers and Guarantors shall not be required to comply with the foregoing conditions with respect to the opening by them of any new retail or factory store locations.

Appears in 3 contracts

Samples: Loan and Security Agreement (J Crew Group Inc), Loan and Security Agreement (J Crew Group Inc), Loan and Security Agreement (J Crew Operating Corp)

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New Collateral Locations. Each Borrower and Guarantor Guarantors may only open any new location within the continental United States provided such Borrower or such Guarantor (a) gives Agent ten thirty (1030) 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; provided, that, without limiting the obligations of Borrowers Borrower and Guarantors pursuant to under Section 7.1 hereof or as may otherwise hereunderbe provided herein, Borrowers Borrower and Guarantors shall not be required to comply with the foregoing conditions give such notice or cause to be executed or delivered any Landlord Agreement pursuant to this Section 9.2 with respect to any retail store location established after the opening by them of any new retail or factory store locationsdate hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hhgregg, Inc.), Loan and Security Agreement (HHG Distributing, LLC)

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New Collateral Locations. Each Borrower and Guarantor may only open any new location within the continental United States of America provided such Borrower or Guarantor (a) gives Agent ten thirty (1030) 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 create, perfect or protect its interests in the Collateral at such location; location provided, that, without limiting the obligations of Borrowers and Guarantors pursuant to under Section 7.1 hereof or as may otherwise hereunderbe provided herein, Borrowers and Guarantors shall not be required to comply with the foregoing conditions give such notice or cause to be executed or delivered any Collateral Access Agreement pursuant to this Section 9.2 with respect to the opening by them of any new retail or factory store locationslocation established after the date hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Spirit Realty Capital, Inc.)

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