Common use of Financing Statement; Further Assurances Clause in Contracts

Financing Statement; Further Assurances. Borrower hereby authorizes Lender to file a financing statement or statements under the UCC in connection with any of the Accounts and the Account Collateral with respect thereto in the form required to properly perfect Lender’s first priority security interest therein. For the avoidance of doubt, Lender is hereby authorized to file a financing statement or financing statements describing the collateral secured by this Agreement as “all assets of debtor whether now owned or hereafter acquired” or any similar description. Borrower agrees that at any time and from time to time, at the expense of Borrower, Borrower will promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that Lender may request, in order to perfect and protect any security interest granted or purported to be granted hereby (including any security interest in and to any Permitted Investments) or to enable Cash Management Bank or Lender to exercise and enforce its rights and remedies hereunder with respect to any Account or Account Collateral.

Appears in 2 contracts

Samples: Loan Agreement (Cole Credit Property Trust II Inc), Loan Agreement (Spirit Realty Capital, Inc.)

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Financing Statement; Further Assurances. Borrower hereby authorizes shall (a) execute and deliver to Lender to file for filing a financing statement or statements under the UCC and (b) obtain from Property Account Bank and Lockbox Bank control agreements whereby such Property Account Bank and Lockbox Bank, respectively, agree to comply with Lender’s instructions without further consent from Borrower in connection with any of the Accounts and the Account Collateral with respect thereto in the form required to properly perfect Lender’s first priority security interest therein. For the avoidance of doubt, Lender is hereby authorized to file a financing statement or financing statements describing the collateral secured by this Agreement as “all assets of debtor whether now owned or hereafter acquired” or any similar description. Borrower agrees that at any time and from time to time, at the expense of Borrower, Borrower will promptly execute and deliver all further instruments and documents, and take all further action, that may be reasonably necessary or desirable, or that Lender may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby (including including, without limitation, any security interest in and to any Permitted Investments) or to enable Cash Management Lockbox Bank or Lender to exercise and enforce its rights and remedies hereunder with respect to any Account or Account Collateral.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

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Financing Statement; Further Assurances. Borrower hereby authorizes shall (a) execute and deliver to Lender to file for filing a financing statement or statements under the UCC and (b) obtain from Property Account Bank and Lockbox Bank control agreements whereby such Property Account Bank and Lockbox Bank, respectively, agree to comply with Lender's instructions without further consent from Borrower in connection with any of the Accounts and the Account Collateral with respect thereto in the form required to properly perfect Lender’s first priority 's security interest therein. For the avoidance of doubt, Lender is hereby authorized to file a financing statement or financing statements describing the collateral secured by this Agreement as “all assets of debtor whether now owned or hereafter acquired” or any similar description. Borrower agrees that at any time and from time to time, at the expense of Borrower, Borrower will promptly execute and deliver all further instruments and documents, and take all further action, that may be reasonably necessary or desirable, or that Lender may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby (including including, without limitation, any security interest in and to any Permitted Investments) or to enable Cash Management Lockbox Bank or Lender to exercise and enforce its rights and remedies hereunder with respect to any Account or Account Collateral.

Appears in 1 contract

Samples: Management Agreement (Wyndham International Inc)

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