Common use of Organizational Changes Clause in Contracts

Organizational Changes. As soon as possible and in any event within fifteen (15) Business Days after the effective date thereof, notice of any change in the name, jurisdiction of organization, organizational structure or location of records of the Borrower; provided that the Borrower agrees not to effect or permit any change referred to in the preceding sentence unless (x) all filings have been made under the UCC or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral and (y) if such change could reasonably be expected to have a Material Adverse Effect, the Borrower has obtained the prior written consent of the Required Lenders; and