Common use of Notice of Change of Business Location Clause in Contracts

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. Each of the BORROWERS The BORROWER shall notify the LENDER 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. Prior to moving any COLLATERAL to any location not owned by it the BORROWER (other than deliveries to ACCOUNT DEBTORS of sold or leased items), each of the BORROWERS BORROWER shall obtain and deliver to the LENDER ADMINISTRATIVE AGENT an agreement, in form and substance acceptable to the LENDERADMINISTRATIVE AGENT, pursuant to which the owner of such location shall: (ai) 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 SECURED PARTIES in the COLLATERAL; (ii) acknowledge the security interests of the SECURED PARTIES in the COLLATERAL; and (biii) allow the LENDER ADMINISTRATIVE 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 BORROWER shall immediately deliver the document of title to the LENDERADMINISTRATIVE AGENT.

Notice of Change of Business Location. Each of the BORROWERS The GUARANTORS shall notify the LENDER thirty (30) days in advance of: (ai) any change in the location of its existing offices or place places of business; (bii) the establishment of any new, or the discontinuation of any existing, place places of business; and (ciii) any change in or addition to the locations at which the COLLATERAL is kept. Prior In the event any COLLATERAL is to be moved to a location which is not owned by any of the GUARANTORS, then prior to moving any COLLATERAL to any such location not owned by it (other than deliveries to ACCOUNT DEBTORS of sold or leased items), each of the BORROWERS GUARANTORS 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: (ai) 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 (bii) 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 GUARANTORS shall immediately deliver the document of title to the LENDER.

Notice of Change of Business Location. Each of the BORROWERS 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 it the BORROWER (other than deliveries to ACCOUNT DEBTORS of sold or leased items), each of the BORROWERS 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, each of the BORROWERS BORROWER shall immediately deliver the document of title to the LENDER.