Common use of Authorization to File Clause in Contracts

Authorization to File. Borrower authorizes Lender to file financing statements describing Collateral to perfect Lender’s security interest in the Collateral, and Lender may describe the Collateral as “all personal property” or “all assets” or describe specific items of Collateral including without limitation any commercial tort claims.

Appears in 5 contracts

Samples: Loan and Security Agreement (Sugarfina Corp), Loan and Security Agreement (Superior Drilling Products, Inc.), Loan and Security Agreement (Energy Focus, Inc/De)

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Authorization to File. Borrower authorizes Lender to file financing statements describing Collateral to perfect LenderXxxxxx’s security interest in the Collateral, and Lender may describe the Collateral as “all personal property” or “all assetsassets excluding real property and affixtures thereto” or describe specific items of Collateral including without limitation any commercial tort claims.. 7 BN 87077677v6 (b)

Appears in 2 contracts

Samples: Loan and Security Agreement (Star Equity Holdings, Inc.), Loan and Security Agreement (Star Equity Holdings, Inc.)

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