Common use of Authority to File Notices Clause in Contracts

Authority to File Notices. Borrower irrevocably appoints, designates, and authorizes Lender as its agent (said agency being coupled with an interest) to file for record any notices of completion, cessation of labor, or any other notice that Lender deems necessary or desirable to protect its interest hereunder or under the Note or any of the other Loan Documents. Lender shall only file such notices if Borrower fails, within fifteen (15) days after written demand by Lender, to do so.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement (Vestin Group Inc)

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Authority to File Notices. Borrower irrevocably appoints, designates, and authorizes Lender as its agent (said agency being coupled with an interest) to file for record any notices of completion, cessation of labor, or any other notice that Lender reasonably deems necessary or desirable to protect its interest hereunder or under the Note Note, the Stock Pledge or any of the other Loan Documents. Lender shall only file such notices if Borrower fails, within fifteen (15) days after written demand by Lender, to do so.

Appears in 1 contract

Samples: Reducing Revolving Loan Agreement (Full House Resorts Inc)

Authority to File Notices. Borrower irrevocably appoints, designates, and authorizes Lender as its agent (said agency being coupled with an interest) to file for record any notices of completion, cessation of labor, or any other notice that Lender deems reasonably necessary or desirable to protect its interest hereunder or under the Note Note, the Deed of Trust or any of the other Loan Documents. Lender shall only file such notices if Borrower fails, within fifteen ten (1510) days after written demand by Lender, to do so.

Appears in 1 contract

Samples: Loan and Security Agreement (Mego Financial Corp)

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Authority to File Notices. Borrower irrevocably appoints, designates, and authorizes Lender as its agent (said agency being coupled with an interest) to file for record any notices of completion, cessation of labor, or any other notice that Lender deems necessary or desirable to protect its interest hereunder or under the Note Note, the Deed of Trust or any of the other Loan Documents. Lender shall only file such notices if Borrower fails, within fifteen ten (1510) days after written demand by Lender, to do so.

Appears in 1 contract

Samples: Reducing Revolving Line of Credit Loan Agreement (Sands Regent)

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