Common use of New Collateral Locations Clause in Contracts

New Collateral Locations. The Borrowers may only open any new location within the continental United States provided the Borrowers (a) give the Lender thirty (30) days prior written notice of the intended opening of any such new location; and (b) execute and deliver, or cause to be executed and delivered, to the Lender such agreements, docu­ments, and instruments as the Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.

Appears in 2 contracts

Samples: Loan Agreement (Coachmen Industries Inc), Loan Agreement (Coachmen Industries Inc)

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New Collateral Locations. The Borrowers may only open any new location within the continental United States provided the Borrowers (a) give the gives Lender thirty (30) days prior written notice of the intended opening of any such new location; location and (b) execute and deliver, or cause to be executed and delivered, to the Lender such agreements, docu­mentsdocuments, and instruments as the 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 (Transpro Inc)

New Collateral Locations. The Borrowers A Borrower may only open any new location within the continental United States provided the Borrowers Borrowers: (a) give the Lender thirty (30) days prior written notice of the intended opening of any such new location; and (b) execute and deliver, or cause to be executed and delivered, to the Lender such agreements, docu­mentsdocuments, and instruments as the Lender 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 (Geologistics Corp)

New Collateral Locations. The Borrowers Borrower may only open any new location within the continental United States provided the Borrowers Borrower (a) give the gives Lender thirty ten (3010) days prior written notice from Borrower of the intended opening of any such new location; location and (b) execute executes and deliverdelivers, or cause causes to be executed and delivered, to the Lender such agreements, docu­mentsdocuments, and instruments as the Lender 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 (Hirsch International Corp)

New Collateral Locations. The Borrowers may only open any new location within the continental United States provided the Borrowers (a) give the Lender thirty (30) days prior written notice of the intended opening of any such new location; location and (b) execute and deliver, or cause to be executed and delivered, to the Lender such agreements, docu­mentsdocuments, and instruments as the 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 (Raytech Corp)

New Collateral Locations. The Borrowers Borrower may only open any new location within the continental United States provided the Borrowers Borrower: (a) give the Gives Lender thirty (30) days prior written notice from Borrower of the intended opening of any such new location; and and (b) execute Executes and deliverdelivers, or cause causes to be executed and delivered, to the Lender such agreements, docu­mentsdocuments, and instruments as the Lender 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 (USG&E, Inc.)

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New Collateral Locations. The Borrowers Borrower may only open any new location within the continental United States provided the Borrowers Borrower (a) give the gives Lender thirty ten (3010) days prior written notice of the intended opening of any such new location; location and (b) execute executes and deliverdelivers, or cause causes to be executed and delivered, to the Lender such agreements, docu­ments, and instruments as the Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location.such

Appears in 1 contract

Samples: Loan and Security Agreement (Stuart Entertainment Inc)

New Collateral Locations. The Borrowers Borrower may only open any new location within the continental United States provided the Borrowers Borrower (a) give the gives Lender thirty (30) days prior written notice of the intended opening of any such new location; location and (b) execute executes and deliverdelivers, or cause causes to be executed and delivered, to the Lender such agreements, docu­mentsdocuments, and instruments as the Lender 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 (Vitacost.com, Inc.)

New Collateral Locations. The Borrowers Any Borrower may only open any new location within the continental United States provided the Borrowers such Borrower (a) give the gives Lender thirty (30) days prior written notice from such Borrower of the intended opening of any such new location; location and (b) execute executes and deliverdelivers, or cause causes to be executed and delivered, to the Lender such agreements, docu­mentsdocuments, and instruments as the Lender 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 (Fansteel Inc)

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