Common use of Additional Documents and Future Actions Clause in Contracts

Additional Documents and Future Actions. Borrower will, at its sole cost, take such actions and provide Agent from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent may in its discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank in the Collateral, to permit Agent to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateral, or to carry out the terms of the Loan Documents. Borrower hereby authorizes and appoints Agent as its attorney-in-fact, with full power of substitution, to take such actions as Agent may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's behalf and file at Borrower's expense financing statements, and amendments thereto, in those public offices deemed necessary or appropriate by Agent to establish, maintain and protect a continuously perfected security interest in the Collateral for the pro rata benefit of Lenders and Issuing Bank, and to execute on Borrower's behalf such other documents and notices as Agent may deem advisable to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan Agreement (JPM Co)

AutoNDA by SimpleDocs

Additional Documents and Future Actions. Borrower The Obligors will, at its --------------------------------------- their sole cost, take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank its Lien in the Collateral, to permit Agent Bank to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank Lien in the Collateral, or to carry out the terms of the Loan Documents. Borrower The Obligors hereby authorizes authorize and appoints Agent appoint Bank as its their attorney-in-fact, with full power of substitution, to take such actions as Agent Bank may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrowerany Obligor's behalf (if necessary) and to file at Borrower's the Obligors' expense financing statements, statements or applications for registration and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest or published Lien in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrowerany Obligor's behalf such other documents and notices as Agent Bank may deem advisable to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower , the Obligors irrevocably authorizes authorize the filing of financing statements or applications for registration by Bank describing the Collateral, the filing of initial financing statements in the jurisdiction of any Obligor's legal formation and existence, the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees agree that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Drugmax Com Inc)

Additional Documents and Future Actions. Borrower Pledgor will, at its sole cost, take such actions and provide Agent Lender from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Lender may in its discretion deem necessary or advisable to perfect, protect, protect and maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank Collateral, or any portion thereof, to permit Lender to protect its interest in the Collateral, to permit Agent to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateralany portion thereof, or to carry out the terms of the Loan Documents. Borrower Pledgor hereby authorizes and appoints Agent Lender as its attorney-in-fact, with full power of substitution, to take such actions as Agent Lender may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's Pledgor’s behalf and file at Borrower's Pledgor’s expense financing statements, and amendments thereto, in those public offices deemed necessary or appropriate by Agent Lender to establish, maintain and protect a continuously perfected security interest in the Collateral for Collateral, including, without limitation to receive, endorse and collect all certificates, instruments and securities made payable to or issued to Pledgor representing any dividend, interest, or other distribution in respect of the pro rata benefit of Lenders and Issuing BankCollateral, or any portion thereof, and to execute on Borrower's Pledgor’s behalf such other documents and notices as Agent Lender may deem advisable to protect the Collateral and its Lender’s interests therein and its Lender’s rights hereunder. Such power being coupled with an interest is irrevocable. Borrower Pledgor irrevocably authorizes the filing of a carbon, photographic or other copy of this AgreementPledge, or of a financing statement, as a financing statement statement, and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Pledge Agreement (Intest Corp)

Additional Documents and Future Actions. Borrower Obligors will, at its their sole cost, (i) take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank its Lien in the Collateral, to permit Agent Bank to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank Lien in the Collateral, or to carry out the terms of the Loan DocumentsDocument, and (ii) execute on each Obligor’s behalf and expense (x) all such security agreements (or amendments to this Agreement) as shall be necessary to evidence the grant to Bank of a security interest in and to all Commercial Tort Claims if, and to the extent, they arise hereafter, and (y) all pleadings and other documents as Bank may deem necessary or advisable in connection with any Commercial Tort Claim. Borrower Obligors hereby authorizes authorize and appoints Agent appoint Bank as its their attorney-in-fact, with full power of substitution, to take such actions as Agent Bank may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's any Obligor’s behalf (if necessary) and to file at Borrower's Obligors’ expense financing statements, statements or applications for registration and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest or published Lien in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrower's any Obligor’s behalf such other documents and notices as Agent Bank may deem advisable to to, during the continuance of an Event of Default, protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower , Obligors irrevocably authorizes authorize the filing of financing statements or applications for registration by Bank describing the Collateral, the filing of initial financing statements in the jurisdiction of any Obligor’s legal formation and existence, the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees agree that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Intest Corp)

Additional Documents and Future Actions. Borrower will, at its sole cost, take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank in the Collateral, to permit Agent Bank to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateral, or to carry out the terms of the Loan Credit Documents. If Borrower fails, after notice from Bank, to abide by the terms of the preceding sentence, Borrower hereby authorizes and appoints Agent Bank as its attorney-in-factattorney‑in‑fact, with full power of substitution, to take such actions as Agent Bank may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's behalf and file at Borrower's expense financing statements, statements and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrower's behalf such other documents and notices as Agent Bank may deem advisable to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Credit and Security Agreement (Gse Systems Inc)

Additional Documents and Future Actions. Borrower Pledgor will, at its sole cost, take such actions and provide Agent Pledgee from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Pledgee may in its reasonable discretion deem necessary or advisable to perfect, protect, protect and maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank Collateral, or any portion thereof, to permit Pledgee to protect its interest in the Collateral, to permit Agent to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateralany portion thereof, or to carry out the terms of this Pledge and the Loan DocumentsNotes. Borrower Pledgor hereby authorizes and appoints Agent Pledgee as its attorney-in-fact, with full power of substitution, to take such actions as Agent Pledgee may reasonably deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on BorrowerPledgor's behalf and file at BorrowerPledgor's expense financing statements, and amendments thereto, in those public offices reasonably deemed necessary or appropriate by Agent Pledgee to establish, maintain and protect a continuously perfected security interest in the Collateral for Collateral, including, without limitation, to receive, endorse and collect all certificates, instruments and securities made payable to or issued to Pledgor representing any dividend, interest, or other distribution in respect of the pro rata benefit of Lenders and Issuing BankCollateral, or any portion thereof, and to execute on BorrowerPledgor's behalf such other documents and notices as Agent Pledgee may reasonably deem advisable to protect the Collateral and its Pledgee's interests therein and its Pledgee's rights hereunder. Such power power, being coupled with an interest interest, is irrevocable. Borrower Pledgor irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Pledge Agreement (DVL Inc /De/)

Additional Documents and Future Actions. Borrower and Guarantor each will, at its sole cost, take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank in the Collateral, to permit Agent Bank to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateral, or to carry out the terms of the Loan Credit Documents. If Borrower or Guarantor fails, after notice from Bank, to abide by the terms of the preceding sentence, Borrower and Guarantor hereby authorizes and appoints Agent Bank as its attorney-in-factattorney‑in‑fact, with full power of substitution, to take such actions as Agent Bank may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's and Guarantor's behalf and file at Borrower's and Guarantor's expense financing statements, statements and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrower's and Guarantor's behalf such other documents and notices as Agent Bank may reasonably deem advisable to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower and Guarantor each irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Credit and Security Agreement (Gse Systems Inc)

Additional Documents and Future Actions. Borrower and Guarantor will, at its sole cost, take such actions and provide Agent Lender from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Lender may in its discretion deem reasonably necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank in the Collateral, to permit Agent Lender to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateral, or to carry out the terms of the Loan Documents. Borrower and Guarantor each hereby authorizes and appoints Agent Lender as its attorney-in-fact, with full power of substitution, to take such actions as Agent Lender may deem advisable reasonably necessary to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's or Guarantor's behalf and file at Borrower's or Guarantor's expense financing statements, and amendments thereto, in those public offices deemed necessary or appropriate by Agent Lender to establish, maintain and protect a continuously perfected security interest in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrower's or Guarantor's behalf such other documents and notices as Agent Lender may deem advisable reasonably necessary to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower and Guarantor irrevocably authorizes authorize the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthcare Imaging Services Inc)

Additional Documents and Future Actions. Borrower will, at its sole cost, take such actions and provide Agent Lender from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Lender may in its discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank in the Sub-Loan Collateral, to permit Agent Lender to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Sub-Loan Collateral, or to carry out the terms of the Loan Documents. Borrower hereby authorizes and appoints Agent Lender and any officer of Lender as its attorney-in-fact, with full power of substitution, to take such actions as Agent Lender may deem advisable to protect the Sub-Loan Collateral and its interests thereon and its rights hereunder, to execute on Borrower's ’s behalf and file at Borrower's ’s expense financing statements, and amendments thereto, in those public offices deemed necessary or appropriate by Agent Lender to establish, maintain and protect a continuously perfected security interest in the Collateral for the pro rata benefit of Lenders and Issuing BankSub-Loan Collateral, and to execute on Borrower's ’s behalf such other documents and notices as Agent Lender may deem advisable to protect the Sub-Loan Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Bluegreen Corp)

Additional Documents and Future Actions. Borrower will, at its sole cost, take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its discretion deem necessary or advisable reasonably request to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank in the Collateral, to permit Agent Bank to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateral, or to carry out the terms of the Loan Documents. Borrower hereby authorizes and appoints Agent Bank as its attorney-in-fact, with full power of substitution, to take such actions actions, upon the occurrence of an Event of Default and at anytime thereafter until such time as Agent it has been waived in writing by the Bank, as Bank may deem advisable to protect the Collateral and its interests thereon and its rights hereunder. Borrower hereby authorizes and appoints Bank as its attorney-in-fact, to execute on Borrower's behalf and file at Borrower's expense financing statements, and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrower's behalf such other documents and notices as Agent Bank may deem advisable to protect perfect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Merrimac Industries Inc)

Additional Documents and Future Actions. Borrower The Borrowers will, at its their sole cost, (i) take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank its Lien in the Collateral, to permit Agent Bank to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank Lien in the Collateral, or to carry out the terms of the Loan DocumentsDocument, and (ii) execute on each Borrower's behalf and expense (x) all such security agreements (or amendments to this Agreement) as shall be necessary to evidence the grant to Bank of a security interest in and to all Commercial Tort Claims if, and to the extent, they arise hereafter, and (y) all pleadings and other documents as Bank may reasonably deem necessary or advisable in connection with any Commercial Tort Claim. Borrower The Borrowers hereby authorizes authorize and appoints Agent appoint Bank as its their attorney-in-fact, with full power of substitution, to take such actions as Agent Bank may reasonably deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on any Borrower's behalf (if necessary) and to file at Borrower's the Borrowers' expense financing statements, statements or applications for registration and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest or published Lien in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on any Borrower's behalf such other documents and notices as Agent Bank may reasonably deem advisable to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower , the Borrowers irrevocably authorizes authorize the filing of financing statements or applications for registration by Bank describing the Collateral, the filing of initial financing statements in the jurisdiction of any Borrower's legal formation and existence, the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees agree that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Berger Holdings LTD)

Additional Documents and Future Actions. Borrower Pledgor will, at its sole cost, take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its discretion reasonably deem necessary or advisable to perfect, protect, protect and maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Collateral, or any portion thereof, to permit Bank to protect its interest in the Collateral, to permit Agent to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateralany portion thereof, or to carry out the terms of the Loan Documents. Borrower Pledgor hereby authorizes and appoints Agent Bank as its attorney-in-fact, with full power of substitution, to take such actions as Agent Bank may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's Pledgor’s behalf and file at Borrower's Pledgor’s expense financing statements, and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest in the Collateral for Collateral, including, without limitation, to receive, endorse and collect all certificates, instruments and securities made payable to or issued to Pledgor representing any dividend, interest, or other distribution in respect of the pro rata benefit of Lenders and Issuing BankCollateral, or any portion thereof, and to execute on Borrower's Pledgor’s behalf such other documents and notices as Agent Bank may deem advisable to protect the Collateral and its Bank’s interests therein and its Bank’s rights hereunder. Such power being coupled with an interest is irrevocable. Borrower Pledgor irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Securities Account Pledge Agreement (InfoLogix Inc)

Additional Documents and Future Actions. Borrower and Guarantors will, at its their sole cost, take such actions and provide Agent Lender from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Lender may in its reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank in the Collateral, to permit Agent Lender to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateral, or to carry out the terms of the Loan Documents. Borrower and Guarantors hereby authorizes authorize and appoints Agent appoint Lender as its their attorney-in-fact, with full power of substitution, to take such actions as Agent Lender may reasonably deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's and Guarantors' behalf and file at Borrower's and Guarantors' expense financing statements, and amendments thereto, in those public offices deemed necessary or appropriate by Agent Lender to establish, maintain and protect a continuously perfected security interest in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrower's and Guarantors' behalf such other documents and notices as Agent Lender may deem advisable to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower and Guarantors irrevocably authorizes authorize the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Relm Wireless Corp)

AutoNDA by SimpleDocs

Additional Documents and Future Actions. Borrower Each Obligor will, at its sole cost, (i) take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank its Lien in the Collateral, to permit Agent Bank to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank Lien in the Collateral, or to carry out the terms of the Loan DocumentsDocument, and (ii) execute on such Obligor’s behalf and expense (x) all such security agreements (or amendments to this Agreement) as shall be necessary to evidence the grant to Bank of a security interest in and to all Commercial Tort Claims if, and to the extent, they arise hereafter, and (y) all pleadings and other documents as Bank may deem necessary or advisable in connection with any Commercial Tort Claim. Borrower Each Obligor hereby authorizes and appoints Agent Bank as its attorney-in-fact, with full power of substitution, to take such actions as Agent Bank may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's such Obligor’s behalf (if necessary) and to file at Borrower's the Obligor’s expense financing statements, statements or applications for registration and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest or published Lien in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrower's such Obligor’s behalf such other documents and notices as Agent Bank may deem advisable to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower , each Obligor irrevocably authorizes the filing of financing statements or applications for registration by Bank describing the Collateral, the filing of initial financing statements in the jurisdiction of such Obligor’s legal formation and existence, the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees agree that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Access to Money, Inc.)

Additional Documents and Future Actions. Borrower Pledgor will, at its sole cost, take such actions and provide Collateral Agent from time to time with such agreements, financing statements statements, and additional instruments, documents documents, or information as the Collateral Agent may in its discretion deem necessary or advisable to perfect, protect, and maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank in the Collateral, to permit Agent to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateral, or any portion thereof, or to carry out permit Collateral Agent to protect its interest in the terms of the Loan DocumentsCollateral. Borrower Pledgor hereby authorizes and appoints Collateral Agent as its Pledgor's attorney-in-fact, with full power of substitution, to take such actions as Collateral Agent may deem advisable to protect the Collateral and its interests thereon therein and its Collateral Agent's rights hereunder, to execute on BorrowerPledgor's behalf and file at BorrowerPledgor's expense financing statements, and amendments thereto, in those public offices deemed necessary or appropriate by Collateral Agent to establish, maintain and protect a continuously perfected security interest in the Collateral for Collateral, including, without limitation, to receive, endorse and collect all certificates, instruments and securities made payable to or issued to Pledgor representing any dividend, interest, or other distribution in respect of the pro rata benefit of Lenders and Issuing BankCollateral, or any portion thereof, and to execute on BorrowerPledgor's behalf such other documents and notices as Collateral Agent may deem advisable to protect the Collateral and its Collateral Agent's interests therein and its Collateral Agent's rights hereunder. Such power being coupled with an interest is irrevocableirrevocable unilaterally by Pledgor. Borrower Pledgor irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Stock Pledge Agreement (Ea Industries Inc /Nj/)

Additional Documents and Future Actions. Borrower willagrees, at its sole cost, to take such actions and provide Agent Lender from time to time with such agreements, financing statements and additional instruments, documents (including deeds, assignments and mortgages) or information as the Agent Lender may in its discretion deem reasonably necessary or advisable to perfect, protect, maintain or enforce its Lien against the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank in the Inventory Collateral, to permit Agent Lender to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Inventory Collateral, or to carry out the terms of the Loan Documents. Borrower hereby authorizes and appoints Agent Lender and any officer of Lender as its attorney-in-fact, with full power of substitution, to take such actions as Agent Lender may deem advisable (i) to protect the Inventory Collateral and its interests thereon and its rights hereunder, to execute on Borrower's behalf and file at Borrower's expense financing statements, and amendments thereto, in those public offices deemed necessary or appropriate by Agent Lender to establish, maintain and protect a continuously perfected security interest in Lien against the Collateral for the pro rata benefit of Lenders and Issuing BankInventory Collateral, and (ii) to execute on Borrower's behalf such other documents and notices as Agent Lender may deem advisable from and after the occurrence of an Event of Default to protect the Inventory Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Inventory Loan and Security Agreement (Diamond Resorts Corp)

Additional Documents and Future Actions. Borrower Each Obligor will, at its sole cost, (i) take such actions and provide the Administrative Agent and the Collateral Agent from time to time with such agreements, financing statements and additional instruments, documents or information as the Administrative Agent or the Collateral Agent may in its their respective reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank Collateral Agent’s Lien in the Collateral, to permit the Collateral Agent to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank Lien in the Collateral, or to carry out the terms of the Loan Documents, and (ii) execute on such Obligor’s behalf and expense (x) all such security agreements (or amendments to this Agreement) as shall be necessary to evidence the grant to the Collateral Agent (for the ratable benefit of the Secured Parties) of a security interest in and to all Commercial Tort Claims if, and to the extent, they arise hereafter, and (y) all pleadings and other documents the Administrative Agent or the Collateral Agent may deem necessary or advisable in connection with any Commercial Tort Claim. Borrower Each Obligor hereby authorizes and appoints the Collateral Agent as its attorney-in-fact, with full power of substitution, to take such actions as the Required Lenders or the Collateral Agent may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's such Obligor’s behalf (if necessary) and to file at Borrower's the Obligor’s expense financing statements, statements or applications for registration and amendments thereto, in those public offices deemed necessary or appropriate by the Collateral Agent to establish, maintain and protect a continuously perfected security interest or published Lien in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrower's such Obligor’s behalf such other documents and notices as the Collateral Agent may deem advisable to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower , each Obligor irrevocably authorizes the filing of financing statements or applications for registration by the Collateral Agent describing the Collateral, the filing of initial financing statements in the jurisdiction of such Obligor’s legal formation and existence, the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees agree that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Access to Money, Inc.)

Additional Documents and Future Actions. Borrower Obligors will, at its their sole cost, (i) take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank its Lien in the Collateral, to permit Agent Bank to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank Lien in the Collateral, or to carry out the terms of the Loan DocumentsDocument, and (ii) execute on each Obligor’s behalf and expense (x) all such security agreements (or amendments to this Agreement) as shall be necessary to evidence the grant to Bank of a security interest in and to all Commercial Tort Claims if, and to the extent, they arise hereafter, and (y) all pleadings and other documents as Bank may deem necessary or advisable in connection with any Commercial Tort Claim. Borrower Obligors hereby authorizes authorize and appoints Agent appoint Bank as its attorney-in-facttheir attorney‑in‑fact, with full power of substitution, to take such actions as Agent Bank may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's any Obligor’s behalf (if necessary) and to file at Borrower's Obligors’ expense financing statements, statements or applications for registration and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest or published Lien in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrower's any Obligor’s behalf such other documents and notices as Agent Bank may deem advisable to to, during the continuance of an Event of Default, protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Borrower , Obligors irrevocably authorizes authorize the filing of financing statements or applications for registration by Bank describing the Collateral, the filing of initial financing statements in the jurisdiction of any Obligor’s legal formation and existence, the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees agree that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Intest Corp)

Additional Documents and Future Actions. Borrower willshall, at its sole cost, (a) take such actions and provide Agent Lender from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Lender may in its reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank its Lien in the Collateral, to permit Agent Lender to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank Lien in the Collateral, or to carry out the terms of the Loan DocumentsDocument, and (b) execute on Borrower’s behalf and expense (i) all such security agreements (or amendments to this Agreement) as shall be necessary to evidence the grant to Lender of a security interest in and to all Commercial Tort Claims if, and to the extent, they arise hereafter, and (ii) all pleadings and other documents as Lender may deem necessary or advisable in connection with any Commercial Tort Claim. Borrower hereby authorizes and appoints Agent Lender as its attorney-in-fact, with full power of substitution, to take such actions as Agent Lender may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's ’s behalf (if necessary) and to file at Borrower's ’s expense financing statements, statements or applications for registration and amendments thereto, in those public offices deemed necessary or appropriate by Agent Lender to establish, maintain and protect a continuously perfected security interest or published Lien in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on Borrower's ’s behalf such other documents and notices as Agent Lender may deem advisable to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. , Borrower irrevocably authorizes the filing of financing statements or applications for registration by Lender describing the Collateral, the filing of initial financing statements in the jurisdiction of Borrower’s legal formation and existence, the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees agree that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Access Worldwide Communications Inc)

Additional Documents and Future Actions. Borrower Pledgor will, at its sole cost, take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its reasonable discretion deem necessary or advisable to perfect, protect, protect and maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Collateral, or any portion thereof, to permit Bank to protect its interest in the Collateral, to permit Agent to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateralany portion thereof, or to carry out the terms of the Loan Documents. Borrower Pledgor hereby authorizes and appoints Agent Bank as its attorney-in-fact, with full power of substitution, to take such actions as Agent Bank may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on Borrower's Pledgor’s behalf and file at Borrower's Pledgor’s expense financing statements, and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest in the Collateral for Collateral, including, without limitation, to receive, endorse and collect all certificates, instruments and securities made payable to or issued to Pledgor representing any dividend, interest, or other distribution in respect of the pro rata benefit of Lenders and Issuing BankCollateral, or any portion thereof, and to execute on Borrower's Pledgor’s behalf such other documents and notices as Agent Bank may deem advisable to protect the Collateral and its Bank’s interests therein and its Bank’s rights hereunder. Such power being coupled with an interest is irrevocable. Borrower Pledgor irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Securities Pledge Agreement (InfoLogix Inc)

Additional Documents and Future Actions. Borrower will, at --------------------------------------- its sole cost, take such actions and provide Agent Bank from time to time with such agreements, financing statements and additional instruments, documents or information as the Agent Bank may in its reasonable discretion deem necessary or advisable to perfect, protect, maintain or enforce the security interests in favor of Agent for the pro rata benefit of Lenders and Issuing Bank in the Collateral, to permit Agent Bank to protect or enforce its interest for the pro rata benefit of Lenders and Issuing Bank in the Collateral, or to carry out the terms of the Loan Documents. Each Borrower hereby authorizes and appoints Agent Bank as its attorney-in-fact, with full power of substitution, to take such actions as Agent Bank may deem advisable to protect the Collateral and its interests thereon and its rights hereunder, to execute on such Borrower's behalf and file at such Borrower's expense financing statementsstatements and assignments, and amendments thereto, in those public offices deemed necessary or appropriate by Agent Bank to establish, maintain and protect a continuously perfected security interest in the Collateral for the pro rata benefit of Lenders and Issuing BankCollateral, and to execute on such Borrower's behalf such other documents and notices as Agent Bank may deem advisable to protect the Collateral and its interests therein and its rights hereunder. Such power being coupled with an interest is irrevocable. Each Borrower irrevocably authorizes the filing of a carbon, photographic or other copy of this Agreement, or of a financing statement, as a financing statement and agrees that such filing is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Hersha Hospitality Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.