Common use of State of Incorporation or Formation Clause in Contracts

State of Incorporation or Formation. The Borrower’s state of incorporation or formation, as applicable, set forth on Schedule 1 hereto shall remain the Borrower’s state of incorporation or formation, as applicable, unless: (a) the Borrower provides the Administrative Agent with at least thirty (30) days prior written notice of any proposed change, (b) no Event of Default then exists or will exist immediately after such proposed change, and (c) the Borrower provides the Administrative Agent with, at Borrower’s sole cost and expense, such financing statements, and such other agreements and documents as the Administrative Agent shall reasonably request in connection therewith.

Appears in 3 contracts

Samples: Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Term Loan and Security Agreement (Advocat Inc)

AutoNDA by SimpleDocs

State of Incorporation or Formation. The Borrower’s state of incorporation or formation, as applicable, set forth on Schedule 1 1.1 (a) hereto shall remain the Borrower’s state of incorporation or formation, as applicable, unless: (a) the Borrower provides the Administrative Agent with at least thirty (30) days prior written notice of any proposed change, change (provided that Borrower shall at all times be organized in a state or commonwealth of the United States); (b) no Event of Default then exists or will exist immediately after such proposed change, ; and (c) the Borrower provides the Administrative Agent with, at Borrower’s sole cost and expense, such financing statements, and such other agreements and documents as the Administrative Agent shall reasonably request in connection therewith.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!