Common use of Authority to File Financing Statements Clause in Contracts

Authority to File Financing Statements. The undersigned, on behalf of the Loan Party, hereby authorizes the Administrative Agent to file financing or continuation statements, and amendments thereto, in all jurisdictions and with all filing offices as the Administrative Agent may determine, in its sole discretion, are necessary or advisable to perfect the security interest granted or to be granted to the lenders and other secured parties under the credit agreement relating to proposed transaction. Such financing statements may describe the collateral in the same manner as described in the credit agreement and related security documents or may contain an indication or description of collateral that describes such property in any other manner as the Administrative Agent may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to the lenders and other secured parties, including, without limitation, describing such property as "all assets" or "all personal property."