Common use of Trade Names; Change of Name Clause in Contracts

Trade Names; Change of Name. As of the date hereof, no Debtor operates in any jurisdiction under, or in the preceding 12 months has not operated in any jurisdiction under, any trade names, fictitious names or other names except its legal name and except as disclosed on Exhibit F hereto. No Debtor shall change its legal name or assume or operate in any jurisdiction under any trade, fictitious or other name except as established in accordance with the last sentence of this Section 2.7. Each Debtor shall not assume or operate in any jurisdiction under any new trade, fictitious or other name until (a) it shall have given to the Agent ten (10) days' prior written notice of its intention so to do, clearly describing such new name and the jurisdictions in which such new name shall be used and providing such other information in connection therewith as the Agent may reasonably request and (b) with respect to such new name, it shall have taken all action reasonably requested by the Agent, to maintain the security interest of the Agent in the Collateral intended to be granted hereby at all times fully perfected and in full force and effect.

Appears in 3 contracts

Sources: Security Agreement (Tweeter Home Entertainment Group Inc), Security Agreement (Tweeter Home Entertainment Group Inc), Credit Agreement (Tweeter Home Entertainment Group Inc)