Common use of Continuous Perfection Clause in Contracts

Continuous Perfection. IXC will not change its name, identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of section 9-402(7) of the UCC (or any other then applicable provision of the UCC) unless IXC shall have given each Secured Party at least thirty (30) days' prior written notice thereof and shall have taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by each Secured Party to amend such financing statement or continuation statement so that it is not seriously misleading.