Change of Corporate Name or Location; Change of Fiscal Year. No Loan Party shall, nor shall it permit any of its Domestic Subsidiaries to, (a) change its name as it appears in official filings in the state of its incorporation or other organization, (b) change its chief executive office, principal place of business, business offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each case (i) at least thirty (30) days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender and L▇▇▇▇▇ has provided written acknowledgment that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favor of Lender in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) any such new location shall be in the continental United States. No Loan Party shall permit any of its Foreign Subsidiaries to (1) change its name as it appears in official filings in the jurisdiction of its incorporation or other organization, (2) change its chief executive office or principal place of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender. No Loan Party shall change its Fiscal Year without L▇▇▇▇▇’s prior written consent.
Appears in 2 contracts
Sources: Credit Agreement (American Shared Hospital Services), Credit Agreement (American Shared Hospital Services)
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Credit Party shall, nor or shall it permit any Subsidiary of its Domestic Subsidiaries any Credit Party to, (a) change its name, corporate name or trade name as it appears in official filings in the state state, province, county or other jurisdiction of its existence, incorporation or other organization, organization (b) change its chief executive office, registered office pursuant to its constituent documents, principal place of business, business corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state state, province, county or other jurisdiction of existence, incorporation or organization, unless in each case (i) without at least thirty (30) 30 days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender Agent and L▇▇▇▇▇ has provided after Agent’s written acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender Agent in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) provided that any such new location shall be in the continental United States. No Loan , except that any Credit Party shall permit or any Subsidiary of its Foreign Subsidiaries to (1) change its name as it appears in official filings any Credit Party may transfer Collateral having value not exceeding $500,000 in the jurisdiction of its incorporation aggregate from any warehouse or other organizationlocation at which such Collateral is held or stored to any warehouse or location in Mexico. Without limiting the foregoing, (2) change its chief executive office or principal place of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender. No Loan no Credit Party shall change its Fiscal Year without L▇▇▇▇▇’s name, identity or corporate structure in any manner that might make any financing, financing change or continuation statement or other applicable perfection filing made in connection herewith or with any other Loan Document seriously misleading within the meaning of Section 9-402(7) of the Code or materially misleading within the meaning of any other applicable law except upon prior written consentnotice to Agent and Lenders and after Agent’s written acknowledgment that any reasonable action requested by Agent in connection therewith, including to continue the perfection of any Liens in favor of Agent in any Collateral, has been completed or taken. No Credit Party shall, or shall permit any Subsidiary of any Credit Party to, change its Fiscal Year.
Appears in 2 contracts
Sources: Credit Agreement (Blount International Inc), Credit Agreement (Blount International Inc)
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Credit Party shall, nor shall it permit any of its Domestic Subsidiaries to, (a) change its name as it appears in official filings in the state jurisdiction of its incorporation or other organization, (b) change its chief executive office, principal place of business, business corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state jurisdiction of incorporation or other organization, or (e) change its state jurisdiction of incorporation or organization, unless in each case (i) without at least thirty (30) 15 days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender Agent and L▇▇▇▇▇ has provided after Agent’s written acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender Agent, on behalf of Lenders, in any Collateral, including requiring delivery of reasonably satisfactory landlord agreements or bailee letters, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) provided that any such new location for any Credit Party shall be in the continental United Statessame country in which such Collateral is held or stored as of the Closing Date. Notwithstanding the foregoing, any Credit Party may change the warehouses or locations at which Collateral is held or stored without prior notice to Agent and Agent’s acknowledgement and without obtaining a landlord agreement or bailee letter, as applicable, if the value of the Collateral so transferred, together with all Collateral previously transferred and not disposed of in accordance with the terms of this Agreement and for which Agent has not received a reasonably satisfactory landlord waiver or bailee letter is less than $2,000,000 in the aggregate,. No Loan Party shall permit any of its Foreign Subsidiaries to (1) change its name as it appears in official filings in the jurisdiction of its incorporation or other organization, (2) change its chief executive office or principal place of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender. No Loan Credit Party shall change its Fiscal Year without L▇▇▇▇▇’s prior written consentYear.
Appears in 1 contract
Sources: Credit Agreement (Inverness Medical Innovations Inc)
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Credit Party shall, nor or shall it permit any Subsidiary of its Domestic Subsidiaries any Credit Party to, (a) change its name, corporate name or trade name as it appears in official filings in the state state, province, county or other jurisdiction of its existence, incorporation or other organization, (b) change its chief executive office, registered office pursuant to its constituent documents, principal place of business, business corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state state, province, county or other jurisdiction of existence, incorporation or organization, unless in each case (i) without at least thirty (30) 30 days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender Agent and L▇▇▇▇▇ has provided after Agent’s written acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender Agent in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) provided that any such new location shall be in the continental United States. No Loan , except that any Credit Party shall permit or any Subsidiary of its Foreign Subsidiaries to (1) change its name as it appears in official filings any Credit Party may transfer Collateral having value not exceeding $500,000 in the jurisdiction of its incorporation aggregate from any warehouse or other organizationlocation at which such Collateral is held or stored to any warehouse or location in Mexico. Without limiting the foregoing, (2) change its chief executive office or principal place of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender. No Loan no Credit Party shall change its Fiscal Year without L▇▇▇▇▇’s name, identity or corporate structure in any manner that might make any financing, financing change or continuation statement or other applicable perfection filing made in connection herewith or with any other Loan Document seriously misleading within the meaning of Section 9-402(7) of the Code or materially misleading within the meaning of any other applicable law except upon prior written consentnotice to Agent and Lenders and after Agent’s written acknowledgment that any reasonable action requested by Agent in connection therewith, including to continue the perfection of any Liens in favor of Agent in any Collateral, has been completed or taken. No Credit Party shall, or shall permit any Subsidiary of any Credit Party to, change its Fiscal Year.
Appears in 1 contract
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Credit Party shall, nor shall it permit any of its Domestic Subsidiaries to, (a) change its corporate name as it appears in official filings in the state of its incorporation or other organization, (b) change its chief executive office, principal place of business, business corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each case (i) without at least thirty (30) days 30 days' prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender Agent and L▇▇▇▇▇ has provided after Agent's written acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender Agent, on behalf of Agent and Lenders, in any CollateralCollateral and to provide access and other rights as against third parties in accordance with the requirements of Section 5.9, has been completed or taken; provided, that (iii) with respect to a change in location of such Credit Party's chief executive office, principal place of business, corporate office or location of its records concerning the priority of all Liens in favor of Lender is not adversely affectedCollateral, and (iii) any such new location shall be in the continental United StatesStates of America, and (ii) with respect to a change in location at which any Collateral is held or stored, any such new location may only be located outside of the continental United States of America if the aggregate fair market value of all Collateral located outside of the continental United States of America after giving effect to any such change in location (excluding, for purposes of this clause (ii), assets located outside of the continental United States of America that are acquired pursuant to a Permitted Acquisition or Eligible Inventory located in the United Kingdom) would not exceed $500,000. No Loan Without limiting the generality of the foregoing, no Credit Party shall permit any of its Foreign Subsidiaries to (1) change its name as it appears name, identity or corporate structure in official filings any manner that might make any financing or continuation statement filed in connection herewith seriously misleading within the jurisdiction meaning of its incorporation Section 9-402(7) of the Code or any other organization, (2) change its chief executive office or principal place then applicable provision of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case Code except upon prior written notice (to Agent and after Agent's written acknowledgment that any reasonable action requested by Agent in connection therewith, including to continue the perfection of any Liens in favor of Agent, on behalf of Agent and Lenders, in any Collateral, has been completed or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lendertaken. No Loan Credit Party shall change its Fiscal Year without L▇▇▇▇▇’s prior written consentunless approved by Agent in writing, 42 48 which approval shall not be unreasonably withheld or delayed.
Appears in 1 contract
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Credit Party shall, nor shall it permit any of its Domestic Subsidiaries to, (a) change its corporate name as it appears in official filings in the state of its incorporation or other organization, trade name or (b) change its chief executive office, principal place of business, business corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the CollateralCollateral (other than to a location in which Agent has perfected its Lien, (c) change for the type benefit of entity that it isAgent and Lenders, (d) change its organization identification numberon the Collateral located therein, and if anythe books and records of any Credit Party are located at such location, issued by its state of incorporation such Credit Party shall have delivered a landlord's or other organizationmortgagee's agreement in form and substance reasonably satisfactory to Agent with respect thereto), or (e) change its state of incorporation or organization, unless in each case (i) without at least thirty (30) days 30 days' prior written notice to Agent (or such later notice as is acceptable except with respect to the proposed name change disclosed by Borrower to Lender in its reasonable discretionprior to the Closing Date) is given by such Loan Party to Lender and L▇▇▇▇▇ has provided after Agent's written acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender Agent, on behalf of Lenders, in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) provided that any such new location shall be in the continental United States. No Loan Without limiting the foregoing, no Credit Party shall permit any of its Foreign Subsidiaries to (1) change its name as it appears name, identity or corporate structure in official filings any manner that might make any financing or continuation statement filed in connection herewith seriously misleading within the jurisdiction meaning of its incorporation Section 9-402(7) of the Code or any other organization, (2) change its chief executive office or principal place then applicable provision of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case Code except upon prior written notice (to Agent and Lenders and after Agent's written acknowledgment that any reasonable action requested by Agent in connection therewith, including to continue the perfection of any Liens in favor of Agent, on behalf of Lenders, in any Collateral, has been completed or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lendertaken. No Loan Credit Party shall change its Fiscal Year without L▇▇▇▇▇’s prior written consentYear.
Appears in 1 contract
Sources: Credit Agreement (Uti Worldwide Inc)
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Credit Party shall, nor shall it permit any of its Domestic Subsidiaries to, (a) change its corporate or legal name as it appears in official filings in the state of its incorporation or other organization, (b) change its chief executive office, principal place of business, business corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each case (i) without at least thirty (30) days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender Agent and L▇▇▇▇▇ has provided after Agent’s written acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender Agent, on behalf of Lenders, in any Collateral, has been completed or taken, taken (ii) the priority of all Liens in favor of Lender is such acknowledgement by Agent not adversely affectedto be unreasonably withheld or conditioned), and (iii) provided that any such new location shall be in the continental United States. No Loan Without limiting the foregoing, no Credit Party shall permit any of its Foreign Subsidiaries to (1) change its name as it appears name, identity or corporate structure in official filings any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the jurisdiction meaning of its incorporation Sections 9-506 and 9-507(c) of the Code or any other organization, (2) change its chief executive office or principal place then applicable provision of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case Code except upon prior written notice to Agent and after Agent’s written acknowledgment that any reasonable action requested by Agent in connection therewith, including to continue the perfection of any Liens in favor of Agent in any Collateral, has been completed or taken. Without limiting the foregoing, the Borrowers may cause the winding up and dissolution of any Inactive Subsidiary after giving fifteen (15) days’ written notice to the Agent and after Agent’s written acknowledgment that any reasonable action requested by Agent in connection therewith has been completed or taken (such later notice as is acceptable acknowledgement by Agent not to Lender in its reasonable discretion) is given by such Loan Party to Lenderbe unreasonably withheld or conditioned). No Loan Credit Party shall change its Fiscal Year without L▇▇▇▇▇’s prior written consentYear.
Appears in 1 contract
Sources: Credit Agreement (Drugmax Inc)
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Credit Party shall, nor shall it permit any of its Domestic Subsidiaries to, (a) change its name as it appears in official filings in the state of its incorporation or other organization; provided that any Credit Party may change its name as it appears in official filings in the state of its incorporation or other organization in the manner set forth on Schedule 6.15 upon giving 30 days’ prior written notice to the Agent and after all actions necessary to continue the perfection of any Liens in favor of Agent, on behalf of Lenders, in any Collateral have been completed or taken; (b) change its chief executive office, principal place of business, business corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, Collateral except upon 30 days prior notice to the Applicable Agent; (c) change the type of entity that it is, ; (d) change its organization identification number, if any, issued by its state of incorporation or other organization, ; or (e) change its state of incorporation or organization, unless in each case (i) without at least thirty (30) 30 days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender Agents and L▇▇▇▇▇ has provided after the Applicable Agent’s written acknowledgment that any reasonable action requested by Lender Agents in connection therewith, including to continue the perfection of any Liens in favor of Lender the Applicable Agent, on behalf of Lenders, in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) provided that any such new location for US Borrower and any Subsidiary organized under the laws of the United States or any state thereof shall be in the continental United States, any such new location for UK Borrower shall be in the United Kingdom. No Loan Without limiting the foregoing, no Credit Party shall permit any of its Foreign Subsidiaries to (1) change its name name, identity or corporate structure in any manner that might make any financing or continuation statement (or similar document) filed in connection herewith seriously misleading as it appears such term is defined in official filings and/or used in the jurisdiction Code or any other then applicable provision of its incorporation or other organization, (2) change its chief executive office or principal place of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case Code except upon prior written notice (to Agents and Lenders and after the Applicable Agent’s written acknowledgment that any reasonable action requested by Agent in connection therewith, including to continue the perfection of any Liens in favor of the Applicable Agent, on behalf of Lenders, in any Collateral, has been completed or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lendertaken. No Loan Credit Party shall change its Fiscal Year without L▇▇▇▇▇’s prior written consentYear.
Appears in 1 contract
Sources: Credit Agreement (Westaff Inc)
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Credit Party shall, nor shall it permit any of its Domestic Subsidiaries to, (a) change its name as it appears in official filings in the state of its incorporation or other organization, (b) change its chief executive office, principal place of business, business corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change cause to be changed its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organizationorganization or incorporate or organize in any additional jurisdictions, unless in each case (i) without at least thirty (30) days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender SCIL Agent and L▇▇▇▇▇ has provided after SCIL Agent’s written acknowledgment that any reasonable action requested by Lender SCIL Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender SCIL Agent, on behalf of SCIL Lenders, in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) provided that any such new location shall be in the continental United States. No Loan Without limiting the foregoing, no Credit Party shall permit cause to be changed its name, identity or corporate structure in any of its Foreign Subsidiaries to (1) change its name manner that might make any financing or continuation statement filed in connection herewith seriously misleading as it appears such term is defined in official filings and/or used in the jurisdiction Code or any other then applicable provision of its incorporation or other organization, (2) change its chief executive office or principal place of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case Code except upon prior written notice (to SCIL Agent and SCIL Lenders and after SCIL Agent’s written acknowledgment that any reasonable action requested by SCIL Agent in connection therewith, including to continue the perfection of any Liens in favor of SCIL Agent, on behalf of SCIL Lenders, in any Collateral, has been completed or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lendertaken. No Loan Credit Party shall change its Fiscal Year without L▇▇▇▇▇’s prior written consentYear.
Appears in 1 contract
Sources: Credit Agreement (RBC Bearings INC)
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Party shall, nor Borrower shall it permit any of its Domestic Subsidiaries to, not (a1) change its name as it appears in official filings in the state of its incorporation corporate name, or other organization, (b2) change its chief executive officeoffice (other than to 2▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇; provided that, Borrower has given Lender prior written notice of the effective date of that change), principal place of business, business domicile (within the meaning of Quebec Civil Code), corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each any case (i) without at least thirty (30) days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender and L▇▇▇▇▇ has provided after Lender's written acknowledgment that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favor favour of Lender in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) provided that any such new location shall be in Canada (but not Newfoundland or the continental United StatesNorthwest Territories unless security, legal opinions thereon, certificates of officers and other documentation reasonably requested by Lender and, in each case, in form and substance satisfactory to Lender, have been delivered to Lender). No Loan Party Without limiting the foregoing, Borrower shall permit any of its Foreign Subsidiaries to (1) not change its name as it appears name, identity or corporate structure in official filings any manner which might make any financing or continuation statement filed in connection herewith or any other Loan Document materially misleading within the jurisdiction meaning of its incorporation Section 46(4) of the PPSA or any other organization, (2) change its chief executive office or principal place of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case then applicable PPSA except upon prior written notice (or such later notice as is acceptable to Lender and after Lender's written acknowledgment that any reasonable action requested by Lender in its reasonable discretion) is given by such Loan Party connection therewith, including to Lendercontinue the perfection of any Liens in favour of Lender in any Collateral, has been completed or taken. No Loan Party Borrower shall not change its Fiscal Year, except that, Borrower's 1998 Fiscal Year without L▇▇▇▇▇’s prior written consentshall end on September 27, 1998 and, thereafter, Borrower's Fiscal Year end shall be the last Sunday of each September.
Appears in 1 contract
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Party shall, nor shall it permit any of its Domestic Subsidiaries to, (a) change its name as it appears in official filings in the state of its incorporation or other organization, (b) change its chief executive office, principal place of business, business offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each case (i) at least thirty (30) days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender and L▇▇▇▇▇ Lender has provided written acknowledgment that any reasonable action requested by Lender in connection therewith, including to continue the perfection of any Liens in favor of Lender in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) any such new location shall be in the continental United States. No Loan Party shall permit any of its Foreign Subsidiaries to (1) change its name as it appears in official filings in the jurisdiction of its incorporation or other organization, (2) change its chief executive office or principal place of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender. No Loan Party shall change its Fiscal Year without LLender’s prior written consent. SMRH:▇▇▇▇-▇’s prior written consent.▇▇▇-▇▇▇▇.14 -33-
Appears in 1 contract
Sources: Credit Agreement (American Shared Hospital Services)
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Credit Party shall, nor shall it permit any of its Domestic Subsidiaries to, (a) change its name as it appears in official filings in the state jurisdiction of its incorporation or other organization, (b) change its chief executive office, principal place of business, business corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state jurisdiction of incorporation or other organization, or (e) change its state jurisdiction of incorporation or organization, unless in each case (i) without at least thirty (30) 30 days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender Agent and L▇▇▇▇▇ has provided after Agent's written acknowledgment that any reasonable action requested by Lender Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender Agent, on behalf of Lenders, in any Collateral, including requiring delivery of reasonably satisfactory landlord agreements or bailee letters, has been completed or taken, and provided that any such new location for any Credit Party shall be in the same country in which such Collateral is held or stored as of the Closing Date. Notwithstanding the foregoing, any Credit Party may change the warehouses or locations at which Collateral is held or stored without prior notice to Agent and Agent's acknowledgement and without obtaining a landlord agreement or bailee letter prior to such transfer or change, as applicable, if (iia) the priority value of the Collateral so transferred by all Credit Parties, together with all Collateral previously transferred and not disposed of in accordance with the terms of this Agreement and for which Agent has not received a reasonably satisfactory landlord waiver or bailee letter, or has not consented to the absence of such landlord waiver or bailee letter, is less than $1,000,000 in the aggregate, and (b) such Credit Party provides Agent with notice of such transfer within 30 days following the date of such transfer and agrees to take any reasonable action requested by Agent in connection therewith, including obtaining landlord waivers or bailee letters, as applicable, and actions necessary to continue the perfection of any Liens in favor of Lender is not adversely affectedAgent, and (iii) on behalf of Lenders, in any such new location shall be in the continental United StatesCollateral. No Loan Party shall permit any of its Foreign Subsidiaries to (1) change its name as it appears in official filings in the jurisdiction of its incorporation or other organization, (2) change its chief executive office or principal place of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender. No Loan Credit Party shall change its Fiscal Year without L▇▇▇▇▇’s prior written consentYear.
(e) Section 10.1 of the Credit Agreement is hereby amended by inserting the following at the end of such section: "For the purpose of Article 1278 and following of the French Civil Code, the Credit Parties agree that upon any novation, whether due to a transfer or otherwise under this Agreement, any and all security and guarantees created by the Loan Documents are hereby and shall be expressly preserved for the benefit of any assignee Lender and the other Lenders; provided, however, no assignments, transfers, hypothecations or other conveyances under this Section 10.01 are intended to act as a novation of any of the rights, benefits, duties or obligations of the respective parties hereto hereunder or under any of the other Loan Documents."
(f) Section 11.19 of the Credit Agreement is hereby amended by deleting such section in its entirety and inserting the following in lieu thereof:
Appears in 1 contract
Sources: Credit Agreement (Inverness Medical Innovations Inc)
Change of Corporate Name or Location; Change of Fiscal Year. No Loan Credit Party shall, nor shall it permit any of its Domestic Subsidiaries to, (a) change its name as it appears in official filings in the state of its incorporation corporate (or other organizationlimited liability company) name, or (b) change its chief executive office, principal place of business, business corporate (or limited liability company) offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, unless in each any case (i) without at least thirty (30) days prior written notice (or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lender Administrative Agent and L▇▇▇▇▇ has provided after Administrative Agent's written acknowledgment that any reasonable action requested by Lender Administrative Agent in connection therewith, including to continue the perfection of any Liens in favor of Lender Administrative Agent, on behalf of Lenders, in any Collateral, has been completed or taken, (ii) the priority of all Liens in favor of Lender is not adversely affected, and (iii) PROVIDED that any such new location shall be in the continental United StatesStates and FURTHER PROVIDED that Vessels may be located outside the United States if such location could not reasonably be expected to have a Material Adverse Effect on the priority of Liens on such Vessels under the Vessel Mortgage or the receipt of earnings from such Vessels. No Loan Without limiting the foregoing, no Credit Party shall permit any of its Foreign Subsidiaries to (1) change its name as it appears name, identity or corporate (or limited liability company) structure in official filings any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the jurisdiction meaning of its incorporation Section 9-402(7) of the Code or any other organization, (2) change its chief executive office or principal place then applicable provision of business, (3) change the type of entity that it is, or (4) change its jurisdiction of incorporation or organization, unless in each case Code except upon prior written notice (to Administrative Agent and Lenders and after Administrative Agent's written acknowledgment that any reasonable action requested by Administrative Agent in connection therewith, including to continue the perfection of any Liens in favor of Administrative Agent, on behalf of Lenders, in any Collateral, has been completed or such later notice as is acceptable to Lender in its reasonable discretion) is given by such Loan Party to Lendertaken. No Loan Credit Party shall change its Fiscal Year without L▇▇▇▇▇’s prior written consentYear.
Appears in 1 contract