Common use of New Collateral Locations Clause in Contracts

New Collateral Locations. Any Borrower may open any new location within the continental United States provided such Borrower: (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, including, without limitation, UCC financing statements and, if such Borrower leases such new location, provides a favorable landlord waiver or subordination.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pc Mall Inc), Loan and Security Agreement (Pc Mall Inc)

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New Collateral Locations. Any A Borrower may open any new location within the continental United States provided such BorrowerBorrowers: (a) gives Agent ten give Lender thirty (1030) days prior written notice of the intended opening of any such new location; and (b) executes execute and deliversdeliver, or causes cause 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, without limitation, UCC financing statements and, if such Borrower leases such new location, provides a favorable landlord waiver or subordinationsubordination reasonably acceptable to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Deckers Outdoor Corp)

New Collateral Locations. Any Borrower may open any new location within the continental United States provided such Borrower: Borrower (a) gives Agent ten thirty (1030) days prior written notice of the intended opening of any such new location; 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 and, if such Borrower leases such new location, provides a favorable landlord waiver or subordinationstatements.

Appears in 1 contract

Samples: Loan and Security Agreement (Haynes International Inc)

New Collateral Locations. Any Each Borrower and Guarantor may open any new location within the continental United States provided such Borrower: Borrower or Guarantor (a) gives Agent ten (10) days prior written notice of the intended opening of any such new location; 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, without limitation, including UCC financing statements and, if such Borrower leases such new location, provides a favorable landlord waiver or subordinationwith respect to the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Huffy Corp)

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New Collateral Locations. Any A Borrower may open any new location within the continental United States provided such Borrower: it (ai) gives Agent ten thirty (1030) days prior written notice of the intended opening of any such new location; 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, if such Borrower leases such new location, provides a favorable landlord waiver or subordinationand Collateral Access Agreements from appropriate Persons.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Salant Corp)

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