Execution of Security Instruments Clause Samples
The 'Execution of Security Instruments' clause establishes the requirement for parties to properly sign and deliver documents that create or perfect a security interest, such as mortgages, pledges, or liens. In practice, this means that the borrower or grantor must execute all necessary paperwork, often in a form acceptable to the lender, to ensure the lender's interest in the collateral is legally recognized and enforceable. This clause is essential for protecting the lender's rights by ensuring that security interests are validly created and can be enforced in the event of default.
Execution of Security Instruments. The Administrative Agent shall have received from each party thereto counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments described on Exhibit D, including the Swap Intercreditor Agreement, the Guarantee and Collateral Agreement, the Mortgages listed thereon and the Perfection Certificate, in each case executed and delivered by each party thereto.
Execution of Security Instruments. The Administrative Agent shall have received from each party thereto counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments described on Exhibit E, including the Guarantee and Collateral Agreement, the Mortgages and Perfection Certificate, that have been executed and delivered by a Responsible Officer of each party thereto.
(A) The Administrative Agent shall be reasonably satisfied that, upon recording the Mortgages, the reaffirmation agreements, the assignments or other documents reasonably satisfactory to the Administrative Agent, if any, in each case, in the appropriate filing offices, it shall have a first priority Lien on at least the Collateral Coverage Minimum and (B) the Borrower shall have executed and delivered Control Agreements in connection with its Deposit Accounts, Securities Accounts and Commodities Accounts (other than any Excluded Accounts), as applicable.
Execution of Security Instruments. The Administrative Agent shall have received from each party thereto duly executed counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments described on Exhibit F that have been executed and delivered by a Responsible Officer of each party thereto.
Execution of Security Instruments. Without limiting the powers and authority of the Administrative Agent described herein, the Lenders hereby empower and authorize the Administrative Agent to execute and deliver to the Borrower on their behalf the Mortgages, the Guaranty and Collateral Agreement, and any other Security Instruments or other agreements, documents or instruments as shall be necessary or appropriate to effect the purposes of the foregoing instruments, including any and all releases of the foregoing reasonably requested by the Borrower in connection with transactions permitted pursuant to this Agreement.
Execution of Security Instruments. The Lenders hereby empower and authorize the Agent to execute and deliver to the Borrower on their behalf the Security Instruments and all related financing statements and any financing statements, agreements, documents or instruments as shall be necessary or appropriate to effect the purposes of the Security Instruments.
Execution of Security Instruments. The Administrative Agent shall have received from each party thereto counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments, including the Guaranty Agreement and Perfection Certificate, described on Exhibit E that have been executed and delivered by a Responsible Officer of each party thereto.
(A) The Administrative Agent shall be reasonably satisfied that, upon recording the Mortgages, the reaffirmation agreements or other documents reasonably satisfactory to the Administrative Agent, if any, in each case, in the appropriate filing offices, it shall have a first priority Lien on at least 85% of the PV-9 of the Borrowing Base Properties and (B) the Borrower shall have executed and delivered Control Agreements in connection with its Deposit Accounts or Securities Accounts (other than any Excluded Accounts), as applicable.
Execution of Security Instruments. The Administrative Agent shall have received from each party thereto counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments described on Exhibit E, including the Guaranty Agreement and Perfection Certificate, that have been executed and delivered by a Responsible Officer of each party thereto.
(A) The Administrative Agent shall be reasonably satisfied that, upon recording the Mortgages, the reaffirmation agreements, the assignments or other documents reasonably satisfactory to the Administrative Agent, if any, in each case, in the appropriate filing offices, it shall have a first priority Lien on at least 85% of the PV-9 of the Borrowing Base Properties and (B) the Borrower shall have executed and delivered Control Agreements in connection with its Deposit Accounts, Securities Accounts and Commodities Accounts (other than any Excluded Accounts and the ▇▇▇▇▇ Fargo Securities Account), as applicable.
Execution of Security Instruments. The Administrative Agent shall have received from each party thereto counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments, including the Guaranty Agreement and Perfection Certificate, described on Exhibit E that have been executed and delivered by a Responsible Officer of each Loan Party party thereto.
Execution of Security Instruments. The Administrative Agent shall have received from each party thereto counterparts (in such number as may be requested by the Administrative Agent) of the Guaranty Agreement and any other document (including any UCC financing statement) required by any Security Instrument or under law or reasonably requested by the Majority Lenders or the Administrative Agent to be filed, registered or recorded in order to create in favor of the Administrative Agent, for the benefit of the Secured Parties, a perfected Lien on the Collateral, having the priority set forth in the DIP Order.