Common use of Changes to Equipment Clause in Contracts

Changes to Equipment. Each Obligated Party shall promptly inform the Agents of any material additions to or deletions from such Obligated Party’s Equipment and shall indicate if any such material additions include any Equipment that is subject to any certificate of title law of the U.S. or any state. No Obligated Party will permit any of its Equipment to become a fixture with respect to Real Estate or to become an accession with respect to other personal property with respect to which Real Estate or personal property the Collateral Agent does not have a Lien. No Obligated Party will, without the Agents’ prior written consent, alter or remove any identifying symbol or number on any of such Obligated Party’s Equipment constituting Collateral. Except as set forth in Section 8.9, no Obligated Party shall, without the Majority Lenders’ prior written consent, sell, license, lease as a lessor, or otherwise dispose of any of such Obligated Party’s Equipment.

Changes to Equipment. Each Obligated Party shall promptly inform the Agents of any material additions to or deletions from such Obligated Party’s Equipment and shall indicate if any such material additions include any Equipment that is subject to any certificate of title law of the U.S. or any state. No Obligated Party will permit any of its Equipment to become a fixture with respect to Real Estate or to become an accession with respect to other personal property with respect to which Real Estate or personal property the Collateral Agent does not have a Lien. No Obligated Party will, without the Agents’ prior written consent, alter or remove any identifying symbol or number on any of such Obligated Party’s Equipment constituting Collateral. Except as set forth in Section 8.9, no Obligated Party shall, without the Majority Revolving Lenders’ (or after the Revolving Facility Payment In Full, the Majority Term Lenders’) prior written consent, sell, license, lease as a lessor, or otherwise dispose of any of such Obligated Party’s Equipment.