Common use of Terminations; Amendments Not Authorized Clause in Contracts

Terminations; Amendments Not Authorized. Each Corporate Credit Party executing this Agreement acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to any financing statement without the prior written consent of L▇▇▇▇▇ and agrees that it will not do so without the prior written consent of L▇▇▇▇▇, subject to B▇▇▇▇▇▇▇’s rights under Section 9-509(d)(2) of the UCC.

Appears in 2 contracts

Sources: Loan and Security Agreement (Digirad Corp), Loan and Security Agreement (Digirad Corp)

Terminations; Amendments Not Authorized. Each Corporate Credit Party executing this Agreement acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to any financing statement without the prior written consent of L▇▇▇▇▇ Lender and agrees that it will not do so without the prior written consent of L▇▇▇▇▇Lender, subject to B▇▇▇▇▇▇▇Borrower’s rights under Section 9-509(d)(2) of the UCC.

Appears in 2 contracts

Sources: Loan and Security Agreement (Kush Bottles, Inc.), Loan and Security Agreement (Microphase Corp)

Terminations; Amendments Not Authorized. Each Corporate Credit Party executing this Agreement acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to any financing statement without the prior written consent of L▇▇▇▇▇ Agent and agrees that it will not do so without the prior written consent of L▇▇▇▇▇Agent, subject to B▇▇▇▇▇▇▇Borrower’s rights under Section 9-509(d)(2) of the UCC.

Appears in 1 contract

Sources: Loan and Security Agreement (XCel Brands, Inc.)

Terminations; Amendments Not Authorized. Each Corporate Credit Party executing this Agreement acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to any financing statement filed pursuant to the Loan Documents without the prior written consent of L▇▇▇▇▇ the Lender and agrees that it will not do so without the prior written consent of L▇▇▇▇▇the Lender, subject to B▇▇▇▇▇▇▇’s the rights of the Credit Parties under Section 9-509(d)(2) of the UCC.

Appears in 1 contract

Sources: Security Agreement (Applica Inc)