Notice of Change of Business Location Sample Clauses

Notice of Change of Business Location. Borrower will notify DFS 30 days in advance of: (a) any change in or discontinuation of the location of the Collateral, Borrower's principal place of business, or any of the Subsidiaries' existing offices or places of business, (b) the establishment of any new places of business relating to the Business, and (c) any change in or addition to the locations where Borrower's Inventory or records are kept.
AutoNDA by SimpleDocs
Notice of Change of Business Location. The Borrower shall notify the Lender thirty (30) days in advance of: (a) any change in the location of its existing offices or place of business; (b) the establishment of any new, or the discontinuance of any existing, place of business; and (c) any change in or addition to the location of the place where the Inventory or Records are kept.
Notice of Change of Business Location. Each of the BORROWERS shall notify the LENDER thirty (30) days in advance of: (a) any change in the location of its existing offices or place of business; (b) the establishment of any new, or the discontinuation of any existing, place of business; and (c) any change in or addition to the locations at which the COLLATERAL is kept. Prior to moving any COLLATERAL to any location not owned by it (other than deliveries to ACCOUNT DEBTORS of sold or leased items), each of the BORROWERS shall obtain and deliver to the LENDER an agreement, in form and substance acceptable to the LENDER, pursuant to which the owner of such location shall: (a) subordinate any rights which it may have, or thereafter may obtain, in any of the COLLATERAL to the rights and security interests of the LENDER in the COLLATERAL; and (b) allow the LENDER access to the COLLATERAL in order to remove the COLLATERAL from such location. In the event any COLLATERAL is stored with a warehousemen or other bailee, and the COLLATERAL is evidenced by a negotiable document of title, each of the BORROWERS shall immediately deliver the document of title to the LENDER.
Notice of Change of Business Location. The Borrower shall notify the Lender: (a) 30 days in advance of any change in or discontinuation of the location of the Property, the Borrower's principal place of business, (b) 30 days in advance of the establishment of any new places of business relating to the Business, and (c) 2 days in advance of any change in or addition to the locations where the Borrower's Inventory or records are kept; provided, however, that Inventory shall be excluded from the Borrowing Base if it is moved to a new location and the Lender is not satisfied it has a valid perfected security interest in such Inventory.
Notice of Change of Business Location. The GUARANTOR shall notify the ADMINISTRATIVE AGENT thirty (30) days in advance of: (a) any change in the location of its existing offices or place of business; (b) the establishment of any new, or the discontinuation of any existing, place of business; and (c) any change in or addition to the locations at which the COLLATERAL is kept.
Notice of Change of Business Location. Borrower will notify Agent 30 days in advance of: (a) any change in or discontinuation of the location of the Collateral, Borrower's principal place of business, or any of the Subsidiaries' existing offices or places of business, (b) the establishment of any new places of business relating to the Business, and (c) any change in or addition to the locations where Borrower's Inventory or records are kept. 9.1.7
Notice of Change of Business Location. Baldxxx xxxl notify Agent thirty (30) days in advance of: (a) any change in or discontinuation of the location of the Collateral, Baldxxx'x xxxncipal place of business, or any of the Subsidiaries' existing offices or places of business, (b) the establishment of any new places of business relating to the Business, and (c) any change in or addition to the locations where Baldxxx'x Xxxentory or records are kept.
AutoNDA by SimpleDocs
Notice of Change of Business Location. The Borrower shall notify the Lender thirty (30) days in advance of: (a) any change in the location of its existing offices or place of business; (b) the establishment of any new, or the discontinuation of any existing, place of business; and (c) any change in or addition to the locations at which the Collateral is kept. Prior to moving any Collateral to any location not owned by the Borrower (other than deliveries to Account Debtors of sold or leased items), the Borrower shall obtain and deliver to the Lender an agreement, in form and substance acceptable to the Lender, pursuant to which the owner of such location shall: (a) subordinate any rights which it may have, or thereafter may obtain, in any of the Collateral to the rights and security interests of the Lender in the Collateral; and (b) allow the Lender access to the Collateral in order to remove the Collateral from such location. In the event any Collateral is stored with a warehousemen or other bailee, and the Collateral is evidenced by a negotiable document of title, the Borrower shall immediately deliver the document of title to the Lender.
Notice of Change of Business Location. Each of the BORROWERS shall notify the AGENT thirty (30) days in advance of: (a) any change in the location of its existing offices or place of business; (b) the establishment of any new, or the discontinuation of any existing, place of business; and (c) any change in or addition to the locations at which COLLATERAL having an aggregate fair market value of Five Hundred Thousand Dollars ($500,000.00) or more is kept. Prior to moving COLLATERAL having an aggregate fair market value of Five Hundred Thousand Dollars ($500,000.00) or more to any location not owned by the BORROWERS, each of the BORROWERS shall obtain and deliver to the AGENT an agreement, in form and substance acceptable to the AGENT, pursuant to which the owner of such location shall: (a) subordinate any rights which it may have, or thereafter may obtain, in any of the COLLATERAL to the rights and security interests of the SECURED PARTIES in the COLLATERAL; and (b) allow the AGENT access to the COLLATERAL in order to remove the COLLATERAL from such location. In the event any COLLATERAL is stored with a warehousemen or other bailee, and the COLLATERAL is evidenced by a negotiable document of title, each of the BORROWERS shall immediately deliver the document of title to the AGENT.
Notice of Change of Business Location. The COMPANIES shall notify the LENDER thirty (30) days in advance of: (a) any change in the location of their existing offices or place of business; (b) the establishment of any new, or the discontinuation of any existing, place of business; and (c) any change in or addition to the locations at which the COLLATERAL is kept. In the event any assets in which the LENDER has a security interest is to be moved to a location which is not owned by a COMPANY, then prior to moving any assets to such location the COMPANIES shall obtain and deliver to the LENDER an agreement, in form and substance acceptable to the LENDER, pursuant to which the owner of such location shall: (a) subordinate any rights which it may have, or thereafter may obtain, in any of the assets of the COMPANY to the rights and security interests of the LENDER in such assets; and (b) allow the LENDER access to the assets of the COMPANY in order to remove such assets from such location. In the event any assets of a COMPANY are to be stored with a warehousemen or other bailee, then the COMPANIES shall cause the warehouseman or other bailee to issue warehouse receipts in the name of the LENDER evidencing the storage of such assets.
Time is Money Join Law Insider Premium to draft better contracts faster.