Common use of The Grantor Clause in Contracts

The Grantor. (a) Except as permitted under the Indenture, the Grantor must preserve its corporate or limited liability company existence and will not, except as permitted by the Indenture, in one transaction or a series of related transactions, merge into or consolidate with any other entity, or sell all or substantially all of its assets. (b) The Grantor may not change the jurisdiction of its incorporation or organization without providing the Collateral Agent with at least 30 days’ prior written notice. (c) The Grantor may not change its name without providing the Collateral Agent with at least 30 days’ prior written notice. (d) The Grantor must keep at its address indicated in Clause 16 (Notices) its corporate records and all records, documents and instruments constituting, relating to or evidencing Collateral. (e) The Grantor will permit the Collateral Agent and its agents and representatives, during normal business hours and upon reasonable notice, to inspect the Collateral, to examine and make copies of and abstracts from the records referred to in paragraph (d) above, and to discuss matters relating to the Collateral directly with the Grantor’s officers and employees. (f) At the Collateral Agent’s request, the Grantor must provide the Collateral Agent with any information concerning the Collateral that the Collateral Agent may reasonably request.

Appears in 2 contracts

Samples: Security Agreement (Vector Group LTD), Security Agreement (Vector Group LTD)

AutoNDA by SimpleDocs

The Grantor. (a) Except as permitted under the Indenture, the Grantor must shall preserve its corporate or limited liability company existence and will not, except as permitted by the Indenture, in one transaction or a series of related transactions, merge into or consolidate with any other entity, or sell all or substantially all of its assets. (b) The Grantor may shall not change the jurisdiction of its incorporation or organization without providing the Collateral Agent with at least 30 10 days’ prior written notice. (c) The Grantor may shall not change its name without providing the Collateral Agent with at least 30 10 days’ prior written notice. (d) The Grantor must shall keep at its address indicated in in, or otherwise notified to the Collateral Agent pursuant to, Clause 16 (Notices) its corporate records and all records, documents and instruments constituting, relating to or evidencing Collateral. (e) The Grantor will shall permit the Collateral Agent and its agents and representatives, at mutually agreed times during normal business hours and upon reasonable notice, to inspect the Collateral, to examine and make copies of and abstracts from the records referred to in paragraph (d) above, and to discuss matters relating to the Collateral directly with the Grantor’s officers and employees. (f) At the Collateral Agent’s request, the Grantor must shall provide the Collateral Agent with any information concerning the Collateral that the Collateral Agent may reasonably request.

Appears in 1 contract

Samples: Security Agreement (Vector Group LTD)

AutoNDA by SimpleDocs

The Grantor. (a) Except as permitted under the Indenture, the Grantor must preserve its corporate or limited liability company existence and will not, except as permitted by the Indenture, in one transaction or a series of related transactions, merge into or consolidate with any other entity, or sell all or substantially all of its assets. (b) The Grantor may not change the jurisdiction of its incorporation or organization without providing the Collateral Agent with at least 30 days’ prior written notice. (c) The Grantor may not change its name without providing the Collateral Agent with at least 30 days’ prior written notice. (d) The Grantor must keep at its address indicated in in, or otherwise notified to the Collateral Agent pursuant to, Clause 16 (Notices) its corporate records and all records, documents and instruments constituting, relating to or evidencing Collateral. (e) The Grantor will permit the Collateral Agent and its agents and representatives, during normal business hours and upon reasonable notice, to inspect the Collateral, to examine and make copies of and abstracts from the records referred to in paragraph (d) above, and to discuss matters relating to the Collateral directly with the Grantor’s officers and employees. (f) At the Collateral Agent’s request, the Grantor must provide the Collateral Agent with any information concerning the Collateral that the Collateral Agent may reasonably request.

Appears in 1 contract

Samples: Security Agreement (Vector Group LTD)

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