CHANGE IN COLLATERAL LOCATION Sample Clauses

The "Change in Collateral Location" clause governs the process and requirements for relocating collateral that has been pledged under an agreement. Typically, this clause obligates the party in possession of the collateral to notify the other party and, in some cases, obtain prior written consent before moving the collateral to a new address or jurisdiction. For example, if equipment used as collateral is moved to a different warehouse or state, the secured party must be informed to maintain their security interest. The core function of this clause is to ensure that the secured party can effectively monitor, protect, and enforce their rights over the collateral, thereby reducing the risk of loss or complications arising from undisclosed changes in location.
CHANGE IN COLLATERAL LOCATION. The Debtor will not (a) change its corporate name, (b) change the location of its chief executive office or establish any place of business other than those specified in Section 3.3 of Schedule A, or (c) move or permit movement of the Collateral from the locations specified therein except from one such location to another such location, unless in each case the Debtor shall have given the Agent at least thirty (30) days prior written notice thereof, and shall have, in advance, executed and caused to be filed or delivered to the Agent any financing statements or other documents required by the Agent to perfect the security interest of the Agent in the Collateral in accordance with Section 4.3 of this Agreement, all in form and substance satisfactory to the Agent.
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CHANGE IN COLLATERAL LOCATION. Such Guarantor will not (a) change its corporate name, (b) change the location of its chief executive office or establish any place of business other than those specified in Section 3.3 of Schedule A, or (c) move or permit movement of the Collateral from the locations specified therein except from one such location to another such location, unless in each case such Guarantor shall have given the Agent at least thirty (30) days prior written notice thereof, and shall have, in advance, executed and caused to be filed or delivered to the Agent any financing statements or other documents required by the Agent to perfect the security interest of the Agent in the Collateral in accordance with Section 4.3 of this Agreement, all in form and substance satisfactory to the Agent.
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CHANGE IN COLLATERAL LOCATION. No Loan Party shall change the location of any Collateral with an aggregate book value in excess of $3,000,000 to a location other than the locations owned or leased by a Loan Party as set forth on Schedule 4.1.24, without the prior written consent of the Lender.
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CHANGE IN COLLATERAL LOCATION. The Debtor will not (i) change its corporate name, (ii) change the location of its chief executive office or establish any place of business other than those specified in Section IIIA of Schedule A, or (iii) move or permit movement of the Collateral from the locations specified therein except from one such location to another such location, unless in each case the Debtor shall have given the Agent at least thirty (30) days prior written notice thereof, and shall have, in advance, executed and caused to be filed and/or delivered to Agent any financing statements or other documents required by Agent to perfect the security interest of the Secured Parties in the Collateral in accordance with Section IVC hereof, all in form and substance satisfactory to the Agent.
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Related to CHANGE IN COLLATERAL LOCATION

  • New Collateral Locations Borrower may open any new location within the continental United States provided Borrower (a) gives Lender thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Lender such agreements, documents, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements.

  • Collateral Locations All of such Grantor’s locations where Collateral is located are listed on Exhibit A. All of said locations are owned by such Grantor except for locations (i) which are leased by the Grantor as lessee and designated in Part VII(b) of Exhibit A and (ii) at which Inventory is held in a public warehouse or is otherwise held by a bailee or on consignment as designated in Part VII(c) of Exhibit A.

  • Change of Location None of the Borrower or the Guarantors shall change the location of its chief executive office or the office where its corporate records are kept or open any new office for the conduct of its business on less than thirty (30) days prior written notice to the Agent.

  • Location of Collateral All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by Borrowers at the business locations set forth in Schedule 8.6.1, except that Borrowers may (a) make sales or other dispositions of Collateral in accordance with Section 10.2.6; and (b) move Collateral to another location in the United States, upon 30 Business Days prior written notice to Agent.

  • Relocation of Equipment Any Equipment under a Support Plan that is moved to a different location at the Site, or to a different Customer site, shall remain eligible for Support Services under the Support Plan if (i) Customer gives Kodak reasonable prior written notice of Customer’s intent to move such Equipment, and (ii) Kodak is given the opportunity to supervise and inspect the Equipment during the de-installation, packing, unpacking and reinstallation of the Equipment to ensure that the Equipment is in proper working condition following the relocation. Customer is responsible for all relocation and associated costs.