Common use of Redesignation Clause in Contracts

Redesignation. Each Loan Party shall, and shall cause each of its Subsidiaries to, promptly notify the Administrative Agent of any Mortgaged Property that is, or becomes, a Flood Hazard Property.

Appears in 2 contracts

Sources: Credit Agreement (Mission Produce, Inc.), Credit Agreement (Mission Produce, Inc.)

Redesignation. Each Loan Party shall, and shall cause each of its Subsidiaries to, promptly notify the Administrative Collateral Agent of any Mortgaged Property that is, or becomes, a Flood Hazard Property.

Appears in 1 contract

Sources: Credit Agreement (Armstrong Flooring, Inc.)

Redesignation. Each Loan Party shall, and shall cause each of its Subsidiaries to, promptly notify the Administrative Agent of any Mortgaged Property that is, or becomes, a Flood Hazard Property.

Appears in 1 contract

Sources: Credit Agreement (Us Xpress Enterprises Inc)

Redesignation. Each Loan Party shall, and shall cause each of its Subsidiaries to, promptly notify the Administrative Agent of any Eligible Mortgaged Property that is, or becomes, a Flood Hazard Property.

Appears in 1 contract

Sources: Credit Agreement (Us Xpress Enterprises Inc)