CHANGE IN LOCATION OF Clause Samples
The 'Change in Location of' clause establishes the conditions under which a party may alter the designated location for the performance of contractual obligations. Typically, this clause outlines the process for notifying the other party of a proposed change, any required advance notice period, and whether consent is needed. For example, it may apply if a business needs to move the site of service delivery or shipment. The core function of this clause is to provide flexibility while ensuring both parties are informed and can plan accordingly, thereby minimizing disruptions and misunderstandings related to changes in location.
CHANGE IN LOCATION OF. CHIEF EXECUTIVE OFFICE; INVENTORY AND EQUIPMENT WITH BAILEES. Relocate its chief executive office to a new location without Administrative Borrower providing 30 days prior written notification thereof to Agent and so long as, at the time of such written notification, the applicable Borrower provides any financing statements or fixture filings necessary to perfect and continue perfected the Agent's Liens and also provides to Agent a Collateral Access Agreement with respect to such new location. The Inventory and Equipment shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Agent's prior written consent.
CHANGE IN LOCATION OF. CHIEF EXECUTIVE OFFICE; INVENTORY AND EQUIPMENT WITH BAILEES. Relocate its chief executive office to a new location without providing 30 days prior written notification thereof to Lender and so long as, at the time of such written notification, Borrower provides any financing statements or fixture filings necessary to perfect and continue perfected the Lender's Liens and also provides to Lender a Collateral Access Agreement with respect to such new location. The Inventory and Equipment shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Lender's prior written consent.
CHANGE IN LOCATION OF. CHIEF EXECUTIVE OFFICE; INVENTORY AND EQUIPMENT WITH BAILEES. Relocate its chief executive office to a new location without Administrative Borrower providing 5 days prior written notification thereof to Lender and so long as, at the time of such written notification, the applicable Borrower provides any financing statements or fixture filings necessary to perfect and continue perfected the Lender's Liens and also provides to Lender a Collateral Access Agreement with respect to such new location. The Inventory and Equipment shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Lender's prior written consent, except to the extent subject to a Collateral Access Agreement executed in connection with SECTION 5.3(c).
CHANGE IN LOCATION OF. CHIEF EXECUTIVE OFFICE; INVENTORY AND EQUIPMENT WITH BAILEES. Relocate its chief executive office to a new location without providing 30 days prior written notification thereof to Foothill and so long as, at the time of such written notification, Borrower provides any financing statements or fixture filings necessary to perfect and continue perfected Foothill's security interests and also provides to Foothill a Collateral Access Agreement with respect to such new location. The Inventory and Equipment shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Foothill's prior written consent.
CHANGE IN LOCATION OF. CHIEF EXECUTIVE OFFICE; INVENTORY AND EQUIPMENT WITH BAILEES. Relocate its chief executive office to a new location without Borrower or a Guarantor, as applicable, providing 30 days prior written notification thereof to Lender and so long as, at the time of such written notification, Borrower or a Guarantor, as applicable, provides any financing statements, fixture filings or PPSA filings necessary to perfect and continue perfected the Liens of Lender in and to the Collateral and also provides to Lender a Collateral Access Agreement with respect to such new location. The Inventory and Equipment shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Lender's prior written consent.
CHANGE IN LOCATION OF. CHIEF EXECUTIVE OFFICE; INVENTORY AND EQUIPMENT WITH BAILEES. Relocate its chief executive office to a new location without Administrative Borrower providing 30 days prior written notification thereof to Lender and so long as, at the time of such written notification, the applicable Borrower or Subsidiary provides any financing statements, fixture filings, or PPSA filings necessary to perfect and continue perfected the Lender's Liens, the Liens granted in favor of Lender by either of the Canadian Obligors, and also provides to Lender a Collateral Access Agreement with respect to such new location. The inventory and equipment of the Borrowers and Canadian Obligors shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Lender's prior written consent.
CHANGE IN LOCATION OF. CHIEF EXECUTIVE OFFICE; INVENTORY AND EQUIPMENT WITH BAILEES. Relocate its chief executive office to a new location without providing 30 days prior written notification thereof to Lender and so long as, at the time of such written notification, Borrower provides any financing statements or fixture filings necessary to perfect and continue perfected the Lender's Liens and also provides to Lender a Collateral Access Agreement with respect to such new location. The Inventory and Equipment (other than old and used Inventory and Equipment that, as of the Closing Date, is properly not recorded on Borrower's balance sheet in accordance with GAAP) shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Lender's prior written consent.
CHANGE IN LOCATION OF. CHIEF EXECUTIVE OFFICE; INVENTORY AND EQUIPMENT WITH BAILEES. Relocate its chief executive office to a new location without Borrower providing 15 days prior written notification thereof to Agent and so long as, at the time of such written notification, the applicable Obligor provides any financing statements or fixture filings necessary to perfect and continue perfected the Agent's Liens and also provides to Agent a Collateral Access Agreement with respect to such new location. The Inventory and Equipment shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Agent's prior written consent (which consent shall not be unreasonably withheld, but which consent may be conditioned upon receipt of a Collateral Access Agreement from such bailee, warehouseman, or similar party).
CHANGE IN LOCATION OF. CHIEF EXECUTIVE OFFICE; INVENTORY AND EQUIPMENT WITH BAILEES. Relocate (a) its chief executive office to a new location or (b) any Inventory and/or Equipment from a location for which a Collateral Access Agreement has been provided to a location for which a Collateral Access Agreement has not been provided, in each case, without Administrative Borrower providing 30 days prior written notification thereof to Agent and so long as, at the time of such written notification, the applicable Borrower provides any financing statements or fixture filings necessary to perfect and continue perfected the Agent's Liens and also provides to Agent a Collateral Access Agreement with respect to such new location. The Inventory and Equipment shall not at any time now or hereafter be stored with a bailee, warehouseman, or similar party without Agent's prior written consent.