Common use of Authority to File Financing Statements Clause in Contracts

Authority to File Financing Statements. By its signature hereon, each Grantor hereby irrevocably authorizes the Collateral Agent to execute (on behalf of the Grantor) and file against such Grantor one or more financing, continuation or amendment statements pursuant to the UCC in form satisfactory to the Collateral Agent in its Permitted Discretion, and the Grantors will pay the cost of preparing and filing the same in all jurisdictions in which such filing is deemed by the Collateral Agent to be necessary or desirable in order to perfect, preserve and protect its security interests.

Authority to File Financing Statements. By its signature hereon, each Grantor hereby irrevocably authorizes the Collateral Agent to execute (on behalf of the Grantor) and file against such Grantor one or more financing, financing change, continuation or amendment statements pursuant to the UCC or PPSA, as applicable, in form satisfactory to the Collateral Agent in its Permitted Discretion, and the Grantors will pay the cost of preparing and filing the same in all jurisdictions in which such filing is deemed by the Collateral Agent to be necessary or desirable in order to perfect, preserve and protect its security interests.