CEREDO SECURITY DOCUMENTS Sample Clauses

CEREDO SECURITY DOCUMENTS. As soon as practical, but not later than February 15, 2001 (except as otherwise agreed by the Arrangers in their sole discretion), unless there shall have occurred a Closing Failure and the Administrative Agent shall have applied the amounts on deposit in the Equity Proceeds Account to the prepayment of the Loans and otherwise as provided in Section 5.3(b) of the Deposit Account Agreement, the Borrower, at the Borrower's expense, shall have taken any and all action necessary to cause the following: (i) execution and delivery by Twelvepole and delivery to the Administrative Agent of the Twelvepole Mortgage, the Twelvepole Security Agreement and the Twelvepole Supplemental Agreement; (ii) execution by all parties thereto and delivery to the Administrative Agent of the ▇▇▇▇▇ County Commission Consent, the Mountaineer Consent and the AEP Consent; (iii) delivery to the Administrative Agent of one or more original lender's policies of title insurance issued by First American Title Insurance Company or one or more other title companies acceptable to the Arrangers with such endorsements and coverage as the Arrangers request insuring the liens created by the Twelvepole Mortgage in a manner reasonably acceptable to the Arrangers; (iv) execution and delivery to the Administrative Agent of any and all Financing Statements and other documents and the taking of any and all other actions reasonably requested by the Administrative Agent or the Required Lenders to establish, perfect and protect, in favor of the Administrative Agent (for the benefit of the Secured Parties), a first priority security interest, lien, pledge and assignment of all properties and assets of Twelvepole (other than motor vehicles and boats); (v) delivery to the Administrative Agent of such UCC, judgment, tax and other lien searches with respect to the personal property of Twelvepole as the Administrative Agent or the Required Lenders may reasonably request to verify the perfection and priority of such security interests, liens, pledges and assignments; (vi) execution and delivery to the Administrative Agent of opinions of counsel reasonably satisfactory to the Administrative Agent and the Required Lenders covering such matters with respect to the foregoing as the Administrative Agent and the Required Lenders may reasonably request; (vii) receipt by the Administrative Agent of a certificate of a Responsible Officer of the Borrower certifying that all representations and warranties made by the Borrow...