Common use of Location of Offices and Collateral Clause in Contracts

Location of Offices and Collateral. (1) No Borrower will change the location of its chief executive office or the place where it keeps its books and records relating to the Collateral or change its name, its identity or corporate structure in any manner which might make any Financing Statement or other Uniform Commercial Code amendment, assignment or continuation statement filed in connection herewith seriously misleading within the meaning of Section 9-402(7) of the Uniform Commercial Code or any other then applicable provision of the Uniform Commercial Code without giving the Agent 30 days prior written notice thereof and complying with the requirements and conditions of Section 8.8(b). (2) After Agent's written acknowledgment that any reasonable action requested by Agent in connection with any changes covered by Section 8.8(a), including continuation of the perfection of any Liens in favor of Agent, on behalf of Lenders, in any Collateral, has been completed or taken, a Borrower may change the location of its Collateral or the location where it keeps its books and records relating to the Collateral, provided that any such new location shall be in the continental United States, or change its name, its identity or its corporate structure. No Borrower shall change its fiscal year to a year ending in any day other than December 31.