Common use of Additional Provisions Concerning the Collateral Clause in Contracts

Additional Provisions Concerning the Collateral. (a) To the maximum extent permitted by applicable law, and for the purpose of taking any action that the Collateral Agent may deem necessary or advisable to accomplish the purposes of this Agreement, the Company hereby (i) authorizes the Collateral Agent to execute any such agreements, instruments or other documents in the Company’s name and to file such agreements, instruments or other documents in the Company’s name and in any appropriate filing office, (ii) authorizes the Collateral Agent at any time and from time to time to file, one or more financing or continuation statements and amendments thereto, relating to the Collateral (including, without limitation, any such financing statements that (A) describe or identify the Collateral by type or in any other manner as the Collateral Agent may determine, regardless of whether any particular asset of the Company falls within the scope of Article 9 of the Uniform Commercial Code or whether any particular asset of the Company constitutes part of the Collateral, and (B) contain any other information required by Part 5 of Article 9 of the Code for the sufficiency or filing office acceptance of any financing statement, continuation statement or amendment, including, without limitation, whether the Company is an organization, the type of organization and any organizational identification number issued to the Company) and (iii) ratifies such authorization to the extent that the Collateral Agent has filed any such financing statements, continuation statements, or amendments thereto, prior to the date hereof. A photocopy or other reproduction of this Agreement or any financing statement covering the Collateral or any part thereof shall be sufficient as a financing statement where permitted by law. 1 Name of bank/financial institution at which the Restricted Funds Account is maintained.

Appears in 3 contracts

Samples: Pledge Agreement (Cryptyde, Inc.), Pledge Agreement (Cryptyde, Inc.), Pledge Agreement (Vinco Ventures, Inc.)

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Additional Provisions Concerning the Collateral. (a) To the maximum extent permitted by applicable law, and for the purpose of taking any action that is necessary or that the Collateral Agent may deem necessary or advisable to accomplish the purposes of this Agreement, the Company each Grantor hereby (i) authorizes the Collateral Agent to execute any such agreements, instruments or other documents in the Companysuch Grantor’s name and to file such agreements, instruments or other documents in the Companysuch Grantor’s name and in any appropriate filing office, (ii) authorizes the Collateral Agent at any time and from time to time to file, one or more financing or continuation statements statements, and amendments thereto, relating to the Collateral (including, without limitation, any such financing statements that (A) subject to the Indenture, describe the Collateral as “all assets” or “all personal property” (or words of similar effect) or that describe or identify the Collateral by type or in any other manner as the Collateral Agent may determine, determine regardless of whether any particular asset of the Company such Grantor falls within the scope of Article 9 of the Uniform Commercial Code or whether any particular asset of the Company such Grantor constitutes part of the Collateral, and (B) contain any other information required by Part 5 of Article 9 of the Uniform Commercial Code for the sufficiency or filing office acceptance of any financing statement, continuation statement or amendment, including, without limitation, whether the Company such Grantor is an organization, the type of organization and any organizational identification number issued to the Companysuch Grantor) and (iii) ratifies such authorization to the extent that the Collateral Agent has filed any such financing statements, or continuation statements, or amendments thereto, prior to the date hereof. A photocopy or other reproduction of this Agreement or any financing statement covering the Collateral or any part thereof shall be sufficient as a financing statement where permitted by law. 1 Name Each Canadian Grantor acknowledges receipt of bank/financial institution at which a copy of this Security Agreement and copies of the Restricted Funds Account is maintainedverification statements pertaining to the financing statements filed under the PPSA by the Collateral Agent in respect of this Security Agreement. To the extent permitted by applicable law, each Grantor irrevocably waives the right to receive a copy of each financing statement or financing change statement (or any verification statement pertaining thereto) filed under the PPSA or under such other personal property security statutes by the Collateral Agent in respect of this Security Agreement or any other security agreement, and releases any and all claims or causes of action it may have against any Secured Party for failure to provide any such copy.

Appears in 2 contracts

Samples: Security Agreement (Gsi Group Inc), Security Agreement (Gsi Group Inc)

Additional Provisions Concerning the Collateral. (a) To the maximum extent permitted by applicable law, and for the purpose of taking any action that the Collateral Agent may deem necessary or advisable to accomplish the purposes of this Agreement, the Company hereby (i) authorizes the Collateral Agent to execute any such agreements, instruments or other documents in the Company’s name and to file such agreements, instruments or other documents in the Company’s name and in any appropriate filing office, (ii) authorizes the Collateral Agent at any time and from time to time to file, one or more financing or continuation statements statements, and amendments thereto, relating to the Collateral (including, without limitation, any such financing statements that (A) describe the Collateral as “all assets” or “all personal property” (or words of similar effect) or that describe or identify the Collateral by type or in any other manner as the Collateral Agent may determine, determine regardless of whether any particular asset of the Company falls within the scope of Article 9 of the Uniform Commercial Code or whether any particular asset of the Company constitutes part of the Collateral, and (B) contain any other information required by Part 5 of Article 9 of the Code for the sufficiency or filing office acceptance of any financing statement, continuation statement or amendment, including, without limitation, whether the Company is an organization, the type of organization and any organizational identification number issued to the Company) and (iii) ratifies such authorization to the extent that the Collateral Agent has filed any such financing statements, or continuation statements, or amendments thereto, prior to the date hereof. A photocopy or other reproduction of this Agreement or any financing statement covering the Collateral or any part thereof shall be sufficient as a financing statement where permitted by law. 1 Name of bank/financial institution at which the Restricted Funds Account is maintained.

Appears in 1 contract

Samples: Security Agreement (Stinger Systems, Inc)

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Additional Provisions Concerning the Collateral. (a) To the maximum extent permitted by applicable law, and for the purpose of taking any action that the Collateral Agent may deem necessary or advisable to accomplish the purposes of this Agreement, the Company Grantor hereby (i) authorizes the Collateral Agent to execute any such agreements, instruments or other documents in the CompanyGrantor’s name and to file such agreements, instruments or other documents in the CompanyGrantor’s name and in any appropriate filing office, (ii) authorizes the Collateral Agent at any time and from time to time to file, one or more financing or continuation statements statements, and amendments thereto, relating to the Collateral (including, without limitation, any such financing statements that (A) describe or identify the Collateral by type or in any other manner as the Collateral Agent may determine, determine regardless of whether any particular asset of the Company Grantor falls within the scope of Article 9 of the Uniform Commercial Code or whether any particular asset of the Company Grantor constitutes part of the Collateral, and (B) contain any other information required by Part 5 of Article 9 of the Code for the sufficiency or filing office acceptance of any financing statement, continuation statement or amendment, including, without limitation, whether the Company Grantor is an organization, the type of organization and any organizational identification number issued to the CompanyGrantor) and (iii) ratifies such authorization to the extent that the Collateral Agent has filed any such financing statements, or continuation statements, or amendments thereto, prior to the date hereof. A photocopy or other reproduction of this Agreement or any financing statement covering the Collateral or any part thereof shall be sufficient as a financing statement where permitted by law. 1 Name of bank/financial institution at which the Restricted Funds Account is maintained.

Appears in 1 contract

Samples: Security and Pledge Agreement (Helios & Matheson Analytics Inc.)

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