Common use of Filing of Financing Statements; Commercial Tort Claims; Delivery of Additional Documentation Required Clause in Contracts

Filing of Financing Statements; Commercial Tort Claims; Delivery of Additional Documentation Required. (a) Borrowers authorize Agent to file any financing statement necessary or desirable to effectuate the transactions contemplated by the Loan Documents, and any continuation statement or amendment with respect thereto (including without limitation any financing statements that (i) indicate the Borrower Collateral (A) as all assets of such Borrower or words of similar effect, regardless of whether any particular asset of such Borrower falls within the scope of Article 9 of the Code or whether any portion of the assets of such Borrower constitute part of the Borrower Collateral, or (B) as being of an equal or lesser scope or with greater detail, and (ii) contain any other information required by part 5 of Article 9 of the Code for the sufficiency or filing office acceptance of any financing statement or amendment, including (x) whether such Borrower is an organization, the type of organization and any organization identification number issued to such Borrower, and (y) in the case of a financing statement filed as a fixture filing or indicating Borrower Collateral as as-extracted collateral or timber to be cut, a sufficient description of real property to which the Borrower Collateral relates), in any appropriate filing office without the signature of Borrowers where permitted by applicable law.

Appears in 3 contracts

Samples: Loan and Security Agreement (Evergreen Holdings Inc), Loan and Security Agreement (Trust Created February 25 1986), Loan and Security Agreement (Evergreen International Aviation Inc)

AutoNDA by SimpleDocs

Filing of Financing Statements; Commercial Tort Claims; Delivery of Additional Documentation Required. (a) Borrowers authorize Debtor authorizes Collateral Agent to file any financing statement necessary or desirable to effectuate the transactions contemplated herein and by the Loan other Note Documents, and any continuation statement or amendment with respect thereto (including without limitation any financing statements that (i) indicate the Borrower Collateral (A) as all assets of such Borrower Debtor or words of similar effect, regardless of whether any particular asset of such Borrower Debtor falls within the scope of Article 9 of the Code or whether any portion of the assets of such Borrower Debtor constitute part of the Borrower Collateral, or (B) as being of an equal or lesser scope or with greater detail, and (ii) contain any other information required by part 5 of Article 9 of the Code for the sufficiency or filing office acceptance of any financing statement or amendment, including (x) whether such Borrower Collateral Agent is an organization, the type of organization and any organization identification number issued to such BorrowerDebtor, and (y) in the case of a financing statement filed as a fixture filing or indicating Borrower the Collateral as as-extracted collateral or timber to be cut, a sufficient description of real property to which the Borrower Collateral relates), in any appropriate filing office without the signature of Borrowers Debtor where permitted by applicable law. Debtor hereby ratifies the filing of any financing statement filed without the signature of Debtor prior to the date hereof.

Appears in 2 contracts

Samples: Security Agreement (Interdent Inc), Security Agreement (Interdent Inc)

AutoNDA by SimpleDocs

Filing of Financing Statements; Commercial Tort Claims; Delivery of Additional Documentation Required. (a) Borrowers authorize Borrower authorizes Agent to file any financing statement necessary or desirable to effectuate the transactions contemplated by the Loan Documents, and any continuation statement or amendment with respect thereto (including without limitation any financing statements that (i) indicate the Borrower Collateral (A) as all assets of such Borrower or words of similar effect, regardless of whether any particular asset of such Borrower falls within the scope of Article 9 of the Code or whether any portion of the assets of such Borrower constitute part of the Borrower Collateral, or (B) as being of an equal or lesser scope or with greater detail, and (ii) contain any other information required by part 5 of Article 9 of the Code for the sufficiency or filing office acceptance of any financing statement or amendment, including (x) whether such Borrower is an organization, the type of organization and any organization identification number issued to such Borrower, and (y) in the case of a financing statement filed as a fixture filing or indicating the Borrower Collateral as as-extracted collateral or timber to be cut, a sufficient description of real property to which the Borrower Collateral relates), in any appropriate filing office without the signature of Borrowers Borrower where permitted by applicable law. Borrower hereby ratifies the filing of any financing statement filed without the signature of Borrower prior to the date hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Interdent Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!