Common use of Negative Covenants of Each Originator Clause in Contracts

Negative Covenants of Each Originator. Until the date on which this Agreement terminates in accordance with its terms, each Originator hereby covenants as to itself that: (a) Change in Name, Jurisdiction of Organization, Offices and Records. It will not change (i) its name as it appears in official filings in the jurisdiction of its organization, (ii) its status as a "registered organization" (within the meaning of Article 9 of any applicable enactment of the UCC), (iii) its organizational identification number, if any, issued by its jurisdiction of organization, or (iv) its jurisdiction of organization unless it shall have: (A) given Buyer (or its assigns) at least forty-five (45) days' prior written notice thereof; (B) at least ten (10) days prior to such change, delivered to Buyer (or its assigns) all financing statements, instruments and other documents requested by Buyer (or its assigns) in connection with such change or relocation and (C) caused an opinion of counsel acceptable to Buyer and its assigns to be delivered to Buyer and its assigns that Buyer's security interest is perfected and of first priority, such opinion to be in form and substance acceptable to Buyer and its assigns in their sole discretion.