Actions to Perfect Security Interest Clause Samples
The "Actions to Perfect Security Interest" clause outlines the steps a borrower or debtor must take to ensure that a lender's security interest in collateral is legally enforceable against third parties. This typically involves filing financing statements, delivering possession or control of certain assets, or taking other actions required by law to establish the lender's priority over the collateral. By specifying these requirements, the clause ensures that the lender's rights are protected and that their claim to the collateral will be recognized in the event of default or bankruptcy, thereby reducing the risk of loss.
Actions to Perfect Security Interest. Borrower agrees that from time to time, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary, or that Lender may reasonably request or deem desirable, for the attachment, perfection and maintenance of the priority, of the Lien of this Mortgage on any and all of the Property or to enable Lender to exercise and enforce any and all of its rights, powers and remedies under this Mortgage or otherwise with respect to any and all of the Property.
Actions to Perfect Security Interest. The Lender shall -------------------------------------- have received evidence in form and substance reasonably satisfactory to it that all filings, recordings, registrations and other actions, including, without limitation, the filing of duly executed financing statements on form UCC-1, necessary or, in the opinion of the Lender, desirable to perfect the security interest created by the Security Agreement shall have been completed (or, to the extent that any such filings, recordings, registrations and other actions shall not have been completed, arrangements satisfactory to the Lender for the completion thereof shall have been made).
Actions to Perfect Security Interest. The Grantors agree that from time to time, they will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Bank may reasonably request, for the attachment, perfection and maintenance of the priority of, the security interest of Bank in any and all of the Collateral of the Grantors or to enable Bank to exercise and enforce any and all of its rights, powers and remedies under this Security Agreement with respect to any and all of the Collateral of the Grantors.
Actions to Perfect Security Interest. Borrower agrees that from time to time, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Bank may request, for the attachment, perfection and maintenance of the priority of, the security interest of Bank in any and all of the Collateral or to enable Bank to exercise and enforce any and all of its rights, powers and remedies under this Security Agreement with respect to any and all of the Collateral. In addition, upon the request of Bank, Borrower agrees that in the case of Accounts where the obligor on such Account is the United States of America or any of its departments, agencies or instrumentalities, Borrower will take all actions required to comply with the Assignment of Claims Act of 1940.
Actions to Perfect Security Interest. Grantor agrees that from time to time, it will promptly execute and deliver all instruments and documents, and take all actions, including the noting of Lender’s security interest on all certificates of title issued with respect to any of Grantor’s Vehicles, that may be necessary or desirable, or that Lender may request, for the attachment, perfection and maintenance of the priority of, the security interest of Lender in any and all of the Collateral or to enable Lender to exercise and enforce any and all of its rights, powers and remedies under this Security Agreement with respect to any and all of the Collateral.
Actions to Perfect Security Interest. Corning agrees that from time to time, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that KeySpan may request, for the attachment, perfection and maintenance of the priority of, the security interest of KeySpan in any and all of the Collateral or to enable KeySpan to exercise and enforce any and all of its rights, powers and remedies under this Security Agreement with respect to any and all of the Collateral.