Common use of Principal Place of Business and Organization Clause in Contracts

Principal Place of Business and Organization. Borrower shall not cause or permit any change to be made in the name, identity (including the trade name or names), place of organization or formation (as set forth in Section 4.1.36 hereof), organizational identification number or corporate or partnership or other organizational structure of any Individual Borrower unless Borrower shall have first notified Lender in writing of such change at least ten (10) Business Days prior to the effective date of such change, and shall have first taken all action reasonably requested by Xxxxxx for the purpose of perfecting or protecting the lien and security interests of Lender pursuant to this Agreement, and the other Loan Documents and, in the case of a change in any Individual Borrower’s corporate or partnership or other organizational structure, without first obtaining the prior written consent of Lender, which consent shall not be unreasonably withheld, conditioned or delayed. Upon Xxxxxx’s reasonable request, Borrower shall, at Borrower’s sole cost and expense, execute and deliver additional security agreements and other instruments which may be necessary to effectively evidence or perfect Xxxxxx’s security interest in the Properties as a result of such change of principal place of business or place of organization. Xxxxxxxx’s principal place of business and chief executive office, and the place where Xxxxxxxx keeps its books and records, including recorded data of any kind or nature, regardless of the medium or recording, including software, writings, plans, specifications and schematics, shall continue to be the address of Borrower set forth at the introductory paragraph of this Agreement (unless Borrower notifies Lender in writing at least ten (10) Business Days prior to the date of such change (it being understood that Borrower has notified Lender that certain of the Borrowers books and record will be held at 0000 XX Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx with Xxxxxxxxxx Cold Storage Co.)).

Appears in 2 contracts

Samples: Loan Agreement (Lineage, Inc.), Loan Agreement (Lineage, Inc.)

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Principal Place of Business and Organization. Borrower shall will not cause or permit any change to be made in the its name, identity (including the its trade name or names), place of organization or formation (as set forth in Section 4.1.36 4.1.28 hereof), organizational identification number ) or Borrower’s corporate or partnership or other organizational structure of any Individual Borrower unless Borrower shall have first notified Lender in writing of such change at least ten thirty (1030) Business Days days prior to the effective date of such change, and shall have first taken all action reasonably requested required by Xxxxxx Lender for the purpose of perfecting or protecting the lien Lien and security interests of Lender pursuant to this Agreement, and the other Loan Documents and, in the case of a change in any Individual Borrower’s corporate or partnership or other organizational structure, except as otherwise provided for herein, without first obtaining the prior written consent of Lender, which consent shall not may be unreasonably withheld, conditioned given or delayeddenied in Lender’s sole discretion. Upon XxxxxxLender’s reasonable request, Borrower shall, at Borrower’s sole cost and expense, execute and deliver additional security agreements and other instruments which may be necessary to effectively evidence or perfect XxxxxxLender’s security interest in the Properties Property as a result of such change of principal place of business or place of organization. XxxxxxxxBorrower’s principal place of business and chief executive office, and the place where Xxxxxxxx Borrower keeps its books and records, including recorded data of any kind or nature, regardless of the medium or recording, including software, writings, plans, specifications and schematics, shall has been for the preceding four months (or, if less, the entire period of the existence of Borrower) and will continue to be the address of Borrower set forth at the introductory paragraph of this Agreement (unless Borrower notifies Lender in writing at least ten thirty (1030) Business Days days prior to the date of such change). Borrower shall promptly notify Lender of any change (it being understood that in its organizational identification number. If Borrower has notified does not now have an organizational identification number and later obtains one, Borrower promptly shall notify Lender that certain of the Borrowers books and record will be held at 0000 XX Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx with Xxxxxxxxxx Cold Storage Co.))such organizational identification number.

Appears in 1 contract

Samples: Loan Agreement (City Office REIT, Inc.)

Principal Place of Business and Organization. No Individual Borrower shall not nor Operating Lessee will cause or permit any change to be made in the its name, identity (including the its trade name or names), place of organization or formation (as set forth in Section 4.1.36 hereof), organizational identification number or its corporate or partnership or other organizational structure of any Individual Borrower unless Borrower it shall have first notified Lender in writing of such change at least ten thirty (1030) Business Days days prior to the effective date of such change, and shall have first taken all reasonable action reasonably requested required by Xxxxxx Lender for the purpose of perfecting or protecting the lien and security interests of Lender pursuant to this Agreement, and the other Loan Documents and, in the case of a change in any Individual Borrower’s corporate or partnership or other organizational its structure, without first obtaining the prior written consent of Lender, which consent shall not may be unreasonably withheld, conditioned given or delayeddenied in Lender’s sole discretion. Upon XxxxxxLender’s reasonable request, each Borrower and Operating Lessee (as applicable) shall, at Borrower’s its sole cost and expense, execute and deliver additional security agreements and other instruments which may be necessary to effectively evidence or perfect XxxxxxLender’s security interest in the Properties applicable Individual Property as a result of such change of principal place of business or place of organizationchange. XxxxxxxxEach Borrower’s and Operating Lessee’s principal place of business and chief executive office, and the place where Xxxxxxxx Borrower and Operating Lessee keeps its books and records, including recorded data of any kind or nature, regardless of the medium or recording, including software, writings, plans, specifications and schematics, shall has been for the preceding four months (or, if less, the entire period of the existence of Borrower and Operating Lessee) and will continue to be the address of Borrower or Operating Lessee set forth at the introductory paragraph of this Agreement (unless Borrower or Operating Lessee (as applicable) notifies Lender in writing at least ten thirty (1030) Business Days days prior to the date of such change). Each Borrower and Operating Lessee shall promptly notify Lender of any change (in its organizational identification number. If each Borrower or Operating Lessee does not now have an organizational identification number and later obtains one, it being understood that Borrower has notified shall promptly notify Lender that certain of the Borrowers books and record will be held at 0000 XX Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx with Xxxxxxxxxx Cold Storage Co.))such organizational identification number.

Appears in 1 contract

Samples: Loan Agreement (New York REIT, Inc.)

Principal Place of Business and Organization. No Individual Borrower shall not nor Equity Owner will cause or permit any change to be made in the its name, identity (including the its trade name or names), place of organization or formation (as set forth in Section 4.1.36 hereof), organizational identification number or its corporate or partnership or other organizational structure of any Individual Borrower unless Borrower it shall have first notified Lender in writing of such change at least ten thirty (1030) Business Days days prior to the effective date of such change, and shall have first taken all reasonable action reasonably requested required by Xxxxxx Lender for the purpose of perfecting or protecting the lien and security interests of Lender pursuant to this Agreement, and the other Loan Documents and, in the case of a change in any Individual Borrower’s corporate or partnership or other organizational its structure, without first obtaining the prior written consent of Lender, which consent shall not may be unreasonably withheld, conditioned given or delayeddenied in Lender’s sole discretion. Upon XxxxxxLender’s reasonable request, each Borrower and Equity Owner (as applicable) shall, at Borrower’s its sole cost and expense, execute and deliver additional security agreements and other instruments which may be necessary to effectively evidence or perfect XxxxxxLender’s security interest in the Properties Collateral as a result of such change of principal place of business or place of organizationchange. XxxxxxxxEach Borrower’s and Equity Owner’s principal place of business and chief executive office, and the place where Xxxxxxxx Borrower and Equity Owner keeps its books and records, including recorded data of any kind or nature, regardless of the medium or recording, including software, writings, plans, specifications and schematics, shall has been for the preceding four months (or, if less, the entire period of the existence of Borrower and Equity Owner) and will continue to be the address of Borrower or Equity Owner set forth at the introductory paragraph of this Agreement (unless Borrower or Equity Owner (as applicable) notifies Lender in writing at least ten thirty (1030) Business Days days prior to the date of such change). Each Borrower and Equity Owner shall promptly notify Lender of any change (in its organizational identification number. If each Borrower or Equity Owner does not now have an organizational identification number and later obtains one, it being understood that Borrower has notified shall promptly notify Lender that certain of the Borrowers books and record will be held at 0000 XX Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx with Xxxxxxxxxx Cold Storage Co.))such organizational identification number.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (New York REIT, Inc.)

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Principal Place of Business and Organization. Borrower shall will not cause or permit any change to be made in the its name, identity (including the its trade name or names), place of organization or formation (as set forth in Section 4.1.36 4.1.28 hereof), organizational identification number ) or Borrower’s corporate or partnership or other organizational structure of any Individual Borrower unless Borrower shall have first notified Lender in writing of such change at least ten thirty (1030) Business Days days prior to the effective date of such change, and shall have first taken all action reasonably requested required by Xxxxxx Lender for the purpose of perfecting or protecting the lien Lien and security interests of Lender pursuant to this Agreement, and the other Loan Documents and, in the case of a change in any Individual Borrower’s corporate or partnership or other organizational structure, without first obtaining the prior written consent of Lender, which consent shall not may be unreasonably withheld, conditioned given or delayeddenied in Lender’s sole discretion. Upon XxxxxxLender’s reasonable request, Borrower shall, at Borrower’s sole cost and expense, execute and deliver additional security agreements and other instruments which may be necessary to effectively evidence or perfect XxxxxxLender’s security interest in the Properties Property as a result of such change of principal place of business or place of organization. XxxxxxxxBorrower’s principal place of business and chief executive office, and the place where Xxxxxxxx Borrower keeps its books and records, including recorded data of any kind or nature, regardless of the medium or recording, including software, writings, plans, specifications and schematics, shall has been for the preceding four months (or, if less, the entire period of the existence of Borrower) and will continue to be the address of Borrower set forth at the introductory paragraph of this Agreement (unless Borrower notifies Lender in writing at least ten thirty (1030) Business Days days prior to the date of such change). Borrower shall promptly notify Lender of any change (it being understood that in its organizational identification number. If Borrower has notified does not now have an organizational identification number and later obtains one, Borrower promptly shall notify Lender that certain of the Borrowers books and record will be held at 0000 XX Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx with Xxxxxxxxxx Cold Storage Co.))such organizational identification number.

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

Principal Place of Business and Organization. No Individual Borrower shall not will cause or permit any change to be made in the its name, identity (including the its trade name or names), place of organization or formation (as set forth in Section 4.1.36 4.1.28 hereof), organizational identification number ) or its corporate or partnership or other organizational structure of any Individual Borrower unless Borrower shall have first notified Lender in writing of such change at least ten thirty (1030) Business Days days prior to the effective date of such change, and shall have first taken all reasonable action reasonably requested required by Xxxxxx Lender for the purpose of perfecting or protecting the lien and security interests of Lender pursuant to this Agreement, and the other Loan Documents and, in the case of a change in any Individual Borrower’s corporate or partnership or other organizational its structure, without first obtaining the prior written consent of Lender, which consent shall not may be unreasonably withheld, conditioned given or delayeddenied in Lender’s sole discretion. Upon XxxxxxLender’s reasonable request, each Individual Borrower shall, at Borrower’s its sole cost and expense, execute and deliver additional security agreements and other instruments which may be necessary to effectively evidence or perfect XxxxxxLender’s security interest in the Properties applicable Individual Property as a result of such change of principal place of business or place of organizationchange. XxxxxxxxEach Individual Borrower’s principal place of business and chief executive office, and the place where Xxxxxxxx Borrower keeps its books and records, including recorded data of any kind or nature, regardless of the medium or recording, including software, writings, plans, specifications and schematics, shall has been for the preceding four months (or, if less, the entire period of the existence of Borrower) and will continue to be the address of Borrower set forth at the introductory paragraph of this Agreement (unless Borrower notifies Lender in writing at least ten thirty (1030) Business Days days prior to the date of such change). Each Individual Borrower shall promptly notify Lender of any change (in its organizational identification number. If each Individual Borrower does not now have an organizational identification number and later obtains one, it being understood that Borrower has notified shall promptly notify Lender that certain of the Borrowers books and record will be held at 0000 XX Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx with Xxxxxxxxxx Cold Storage Co.))such organizational identification number.

Appears in 1 contract

Samples: Loan Agreement (Global Net Lease, Inc.)

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