FAILURE TO RECORD SECURITY INSTRUMENT. No failure (intentional or inadvertent) by Statesman to file any financing statement relating to a security instrument (whether conditional sales contract, chattel mortgage, or security agreement) contained in or arising out of any Eligible Contract or any Receivable shall impair or void the obligations of the Cooperative hereunder.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Southern States Cooperative Inc), Revolving Credit Agreement (Southern States Capital Trust I), Financing Services and Contributed Capital Agreement (Southern States Capital Trust I)
FAILURE TO RECORD SECURITY INSTRUMENT. No failure ------------------------------------- (intentional or inadvertent) by Statesman to file any financing statement relating to a security instrument (whether conditional sales contract, chattel mortgage, or security agreement) contained in or arising out of any Eligible Contract or any Receivable shall impair or void the obligations of the Cooperative hereunder.
Appears in 2 contracts
Samples: Financing Services and Contributed Capital Agreement (Southern States Cooperative Inc), Financing Services and Contributed Capital Agreement (Southern States Capital Trust Ii)
