Examples of Secured Assets in a sentence
If a third party has an existing security interest in the Secured Assets, User agrees to obtain a waiver from such third party acknowledging Autobooks’s prior preferred interest in a form satisfactory to Autobooks.
With respect to any Secured Assets maintained by Bank, User authorizes Bank to comply with all demands made by Autobooks with respect to the Secured Assets without further consent or direction from User, and Bank will comply with the same.
User represents and warrants that no other person or entity has a security interest in the Secured Assets.
User will obtain from Autobooks written consent prior to granting a security interest of any kind in the Secured Assets to a third party.
Autobooks may file a UCC-1 financing statement or any other financing statement or document against the Secured Assets, and User agrees to execute such financing statements or other documents to evidence Autobooks’s security interest.