Common use of Authorization to File Financing Statements; Ratification Clause in Contracts

Authorization to File Financing Statements; Ratification. The Trust hereby authorizes the Bank to file all financing statements. The Trust will deliver to the Bank control agreements (substantially in the form attached here to as Annex 1, a "Control Agreement) and other documents and take such other actions as may from time to time be requested by the Bank in order to maintain a first perfected security interest in and, if applicable, Control (as defined in the UCC) of the Collateral owned by the Trust on behalf of a Fund. Any financing statement filed by the Bank may be filed in any filing office in any UCC jurisdiction and may indicate the Trust's Collateral (i) as all assets of the Trust or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC or such jurisdiction, or (ii) by any other description which reasonably approximates the description contained in this Agreement.

Appears in 4 contracts

Samples: Pledge and Security Agreement (Midas Series Trust), Pledge and Security Agreement (Dividend & Income Fund), Revolving Credit Agreement (Midas Series Trust)

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Authorization to File Financing Statements; Ratification. The Trust Borrower hereby authorizes the Bank to file all financing statements. The Trust Borrower will deliver to the Bank control agreements (substantially in the form attached here to as Annex 1, a "Control Agreement) and other documents and take such other actions as may from time to time be requested by the Bank in order to maintain a first perfected security interest in and, if applicable, Control (as defined in the UCC) of the Collateral owned by the Trust Borrower on behalf of a Fund. Any financing statement filed by the Bank may be filed in any filing office in any UCC jurisdiction and may indicate the TrustBorrower's Collateral (i) as all assets of the Trust Borrower or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC or such jurisdiction, or (ii) by any other description which reasonably approximates the description contained in this Agreement.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Foxby Corp.), Revolving Credit Agreement (Foxby Corp.)

Authorization to File Financing Statements; Ratification. The Trust hereby authorizes the Bank to file all financing statements. The Trust will deliver to the Bank control agreements (substantially in the form attached here to as Annex 1, a "Control Agreement) and other documents and take such other actions as may from time to time be requested by the Bank in order to maintain a first perfected security interest in and, if applicable, Control (as defined in the UCC) of the Collateral owned by the Trust on behalf of a Fund. Any financing statement filed by the Bank may be filed in any filing office in any UCC jurisdiction and may indicate the Trust's ’s Collateral (i) as all assets of the Trust or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC or such jurisdiction, or (ii) by any other description which reasonably approximates the description contained in this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Spirit of America Investment Fund Inc)

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Authorization to File Financing Statements; Ratification. The Trust Borrower hereby authorizes the Bank to file all financing statements. The Trust Borrower will deliver to the Bank control agreements (substantially in the form attached here to as Annex 1, a "Control Agreement) and other documents and take such other actions as may from time to time be requested by the Bank in order to maintain a first perfected security interest in and, if applicable, Control (as defined in the UCC) of the Collateral owned by the Trust Borrower on behalf of a Fund. Any financing statement filed by the Bank may be filed in any filing office in any UCC jurisdiction and may indicate the Trust's Borrower’s Collateral (i) as all assets of the Trust Borrower or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC or such jurisdiction, or (ii) by any other description which reasonably approximates the description contained in this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Capitol Series Trust)

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