Common use of UCC Financing Statement Clause in Contracts

UCC Financing Statement. The Grantor hereby authorizes each of the Secured Parties to file financing statements naming the Grantor as “debtor” and each of the Secured Parties as a “secured party” (or an amendment to UCC financing statement no. 20170719580 naming Acacia as the secured party and Grantor as debtor, to reflect that VLOC has been granted a security interest on a pari passu basis with Acacia, and Acacia authorizes VLOC to file such an amendment) and describing the Collateral in the office of the Secretary of State of the State of Delaware, which financing statement may describe the Collateral in the same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as the Secured Parties may reasonably determine to be necessary to ensure the perfection of the security interest in the Collateral granted to the Secured Parties herein, including describing such property as “all assets” or “all personal property, whether now owned or hereafter acquired.”