Common use of Change of Location of Underlying Instruments Clause in Contracts

Change of Location of Underlying Instruments. Such Loan Party shall not, without the prior consent of the Administrative Agent, consent to the Collateral Agent moving any Certificated Securities or Instruments from the Collateral Agent’s offices set forth in Section 5.5(c) on the Closing Date, unless such Loan Party has given at least ten (10) days’ written notice to the Administrative Agent and has taken all actions required under the UCC of each relevant jurisdiction in order to ensure that the Collateral Agent’s first priority perfected security interest (subject to Permitted Liens) continues in effect.

Change of Location of Underlying Instruments. Such Loan Party shall not, without the prior consent of the Administrative Agent, consent to the Collateral Agent Custodian moving any Certificated Securities or Instruments from the Collateral AgentCustodian’s offices office set forth in Section 5.5(c) on the Closing Date, unless such Loan Party has given at least ten thirty (1030) days’ written notice to the Administrative Agent and has taken all actions required under the UCC of each relevant jurisdiction in order to ensure that the Collateral Agent’s Secured Parties’ first priority perfected security interest (subject to Permitted Liens) continues in effect.