Common use of Financing Statement; Authorization Clause in Contracts

Financing Statement; Authorization. Without limiting the obligations of the Debtors to maintain and preserve the perfection of the Security Interest granted hereunder, Collateral Agent shall be entitled at any time to file this Security Agreement or a carbon, photographic, or other reproduction of this Security Agreement, as a financing statement, but the failure of Collateral Agent to do so shall not impair the validity or enforceability of this Security Agreement. Each Debtor hereby irrevocably authorizes Collateral Agent at any time and from time to time to file in any UCC jurisdiction any initial financing statements and amendments thereto (without the requirement for such Debtor’s signature thereon) describing the collateral therein as “all assets” (or words of like effect) and containing any information required by Article 9 of the UCC of the state or such jurisdiction for the sufficiency or filing office acceptance of any financing statement or amendment, including whether the Company is an organization, the type of organization, and any organization identification number issued to such Debtor. Each Debtor agrees to furnish any such information to Collateral Agent promptly upon request.