Organizational Documents; Change of Name, etc. (i) Amend, supplement or otherwise modify the Constituent Documents of the Seller. (ii) Change, or cause any other Transaction Party to change, its name, identity, form of legal structure or jurisdiction of organization, unless, prior to the effective date of any such change, the Servicer delivers to the Agent (x) UCC financing statements necessary to reflect such change and to continue the perfection of the ownership interests in the Receivable Interests contemplated by this Agreement and (y) if the identity or structure of a Transaction Party has changed and such change adversely affects the rights of the Agent under then existing Lock-Box Agreements or other control agreements with such Transaction Party to take control of the Lock-Box Accounts and other Restricted Accounts pursuant to Section 6.3(a), new Lock-Box Agreements and other control agreements executed by such Transaction Party and the relevant banks, to the extent necessary to reflect such changes and to continue to enable the Agent to exercise such rights.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Lyondell Chemical Co), Receivables Purchase Agreement (Lyondell Chemical Co), Receivables Purchase Agreement (Equistar Chemicals Lp)
Organizational Documents; Change of Name, etc. (i) Amend, supplement or otherwise modify any of its Organization Documents without the Constituent Documents consent of the SellerAgent (not to be unreasonably withheld or delayed).
(ii) Change, or cause any other Transaction Party to change, Change its name, identity, form of legal structure or jurisdiction of organization, unless, prior to the effective date of any such change, the Servicer Seller delivers to the Agent (x) UCC financing statements necessary to reflect such change and to continue the perfection of the ownership interests in the Receivable Interests contemplated by this Agreement and (y) if the identity or structure of a Transaction Party the Seller has changed and such change adversely affects the rights of the Agent under then existing Lock-Box Agreements or and other control agreements with such Transaction Party the Seller to take control of the Lock-Box Accounts and other Restricted Accounts pursuant to Section 6.3(a), new Lock-Box Agreements and other control agreements executed by such Transaction Party the Seller and the relevant banks, to the extent necessary to reflect such changes and to continue to enable the Agent to exercise such rights.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Lyondell Chemical Co)