Change in Name, Location of Collateral, Etc Clause Samples

The "Change in Name, Location of Collateral, Etc" clause requires a borrower to notify the lender if there are any significant changes related to the collateral, such as a change in the borrower's legal name, address, or the location of the collateral itself. In practice, this means that if the borrower moves the collateral to a new site, changes its business name, or otherwise alters identifying details, it must inform the lender within a specified timeframe. This clause ensures the lender can maintain a valid security interest and track the collateral, thereby protecting its rights and reducing the risk of loss or confusion regarding the secured assets.
Change in Name, Location of Collateral, Etc. Without giving at least thirty (30) days' prior written notice to Lender, the Borrower shall not: (a) change its name, federal employer's identification number, jurisdiction of organization or form of business association; (b) change the location of its place of business (or chief executive office if more than one place of business); or (c) add to or change any location at which any of the Fixtures is stored, held or located.
View SourceView Similar (2)
Change in Name, Location of Collateral, Etc. Without giving at least thirty days' prior written notice to the Secured Party, the Debtor shall not change its name, identity or corporate structure, the location of its place of business (or chief executive office if more than one place of business), or the location of the Collateral.
View Source
Change in Name, Location of Collateral, Etc. Without giving at least thirty (30) days' prior written notice to Lender, the Trustor shall not: (a) change its name, federal employer's identification number, jurisdiction of organization or form of business association; (b) change the location of its place of business (or chief executive office if more than one place of business); or (c) add to or change any location at which any of the Fixtures is stored, held or located.
View Source
Change in Name, Location of Collateral, Etc. Without giving at least thirty (30) days’ prior written notice to Calavo, CSL shall not change its name, identity, or corporate or legal structure, its jurisdiction of its organization, the location of its place of business (or chief executive office if more than one place of business), or the location of the Collateral.
View Source
Change in Name, Location of Collateral, Etc. Without giving at least thirty (30) days’ prior written notice to Lender, the Borrower shall not: (a) change its name, identity structure, or jurisdiction of organization; (b) change the location of its place of business (or chief executive office if more than one place of business); or (c) add to or change any location at which any of the Collateral is stored, held or located, without first notifying Lender of Borrower’s intention to do so and shall execute and deliver to Lender modifications or supplements of this Deed of Trust (and to any financing statement which may be filed in connection herewith) as Lender may require.
View Source

Related to Change in Name, Location of Collateral, Etc

  • 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.

  • Release of Collateral, etc Any release, surrender, exchange, subordination, deterioration, waste, loss or impairment (including without limitation negligent, willful, unreasonable or unjustifiable impairment) of any collateral, property or security, at any time existing in connection with, or assuring or securing payment of, all or any part of the Obligations;

  • Place of Business; Location of Collateral The address set forth in the heading to this Agreement is Borrower's chief executive office. In addition, Borrower has places of business and Collateral is located only at the locations set forth on the Schedule. Borrower will give Silicon at least 30 days prior written notice before opening any additional place of business, changing its chief executive office, or moving any of the Collateral to a location other than Borrower's Address or one of the locations set forth on the Schedule.

  • Designation of Collateral Custodian The role of Collateral Custodian with respect to the Collateral Obligation Files shall be conducted by the Person designated as Collateral Custodian hereunder from time to time in accordance with this Section 18.1. ▇▇▇▇▇ Fargo Bank, National Association is hereby appointed as, and hereby accepts such appointment and agrees to perform the duties and obligations of, Collateral Custodian pursuant to the terms hereof.

  • Defense of Collateral, Etc The Company shall defend and enforce its right, title and interest in and to any part of: (a) the Pledged Property; and (b) if not included within the Pledged Property, those assets and properties whose loss could have a Material Adverse Effect, the Company shall defend the Secured Party's right, title and interest in and to each and every part of the Pledged Property, each against all manner of claims and demands on a timely basis to the full extent permitted by applicable law.