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

Change of Location of Underlying Instruments. The Borrower shall not, without the prior consent of the Administrative Agent, consent to the Securities Intermediary or the Document Custodian, as applicable, moving any Certificated Securities or Instruments from the offices of the Securities Intermediary or the Document Custodian, as applicable, on the Closing Date (except as otherwise permitted pursuant to this Agreement, including Section 7.8 or Section 7.9), unless the Borrower has given at least thirty (30) 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 Secured Parties’ first priority perfected security interest (subject to Permitted Liens) continues in effect.