Common use of Post-Closing Changes Clause in Contracts

Post-Closing Changes. Each Grantor will provide written notice to the Secured Party of a change in such Grantor’s name, type of organization, jurisdiction of organization, organizational identification number or location from those set forth on Schedule I of this Agreement within 30 days of such change, and shall take all action reasonably required by the Secured Party for the purpose of perfecting or protecting the security interest granted by this Agreement. No Grantor will become bound by a security agreement with respect to any of the Collateral authenticated by another Person (determined as provided in Section 9-203(d) of the UCC) without giving the Secured Party 30 days’ prior written notice thereof and taking all action required by the Secured Party to ensure that the perfection and first priority nature of the Secured Party’s security interest in the Collateral will be maintained. If the Grantor does not have an organizational identification number and later obtains one, it will forthwith notify the Secured Party of such organizational identification number.