Collateral or any item thereof will be created or suffered to be created and that no lease will be entered into with respect to any item of Collateral. Franchisee will not sell or otherwise dispose of any item of Collateral, or remove any Collateral from the Premises, unless the same is replaced by a similar item of equal or greater value, and except for the sale of inventory in the ordinary course of business, without the prior written consent of Pretzel Time. Franchisee agrees to give to Pretzel Time advance notice in writing of any proposed change in Franchisee's name, identity or structure and not to make any such change without the prior written consent of Pretzel Time and compliance with the provisions of this Agreement. Franchisee agrees to execute for filing such financing statements and continuation statements as Pretzel Time may require from time to time. Pretzel Time agrees to pay all filing fees, including fees for filing continuation statements in connection with such financing statements. 26.B. DEFAULT REMEDIES UNDER U.C.C. In the event of a default by Franchisee under this Agreement, Pretzel Time shall have the remedies and rights available as a secured party with respect to the Collateral under the Uniform Commercial Code as in effect from time to time in the state where the premises are located. The grant of the security interest to Franchisee pursuant to this Section shall not be construed to derogate from or impair any other rights which Pretzel Time may have under this Agreement or otherwise at law or equity. 27. NOTICES. 27.A. DELIVERY OF NOTICES. All written notices permitted or required to be delivered by the provisions of this Agreement or of the Operations Manual shall be deemed so delivered to the Franchisee: a. At the time delivered by hand;