Common use of Locations; Names, Etc Clause in Contracts

Locations; Names, Etc. Following delivery of any notice required by Section 5.03(a) of the Credit Agreement, the relevant Obligor shall as promptly as practicable (and in any event, within 5 Business Days (or such later time as may be reasonably agreed to by the Administrative Agent) make all filings required under the UCC or other applicable law and take all other actions necessary or otherwise reasonably requested by the Administrative Agent or the Required Lenders to ensure that the Agent shall continue at all times following such change to have (subject to the Intercreditor Agreement and applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law) a valid, legal, enforceable and perfected first priority security interest in such Collateral for its benefit and the benefit of the other Secured Parties. Without at least thirty (30) days’ prior written notice to the Administrative Agent, no Obligor shall agree to or authorize any modification of the terms of any item of Collateral that would result in a change thereof from one Uniform Commercial Code category to another such category (such as from a General Intangible to Investment Property), if the effect of any such change described in this clause (iii) would be to result in a loss of perfection of, or diminution of priority for, the security interests created hereunder in such item of Collateral, or the loss of control (within the meaning of Section 9-104, 9-105, 9-106 or 9-107 of the NYUCC) over such item of Collateral.