Common use of Financing Statements, Etc Clause in Contracts

Financing Statements, Etc. Debtor shall execute and deliver to --------------------------- the Secured Party upon the request of the Secured Party as soon as possible after the closing of the transactions contemplated hereby and Debtor hereby authorizes the Secured Party to file (with or without Debtor's signature), at any time and from time to time thereafter, all financing statements, assignments, continuation financing statements, termination statements, account control agreements, and other documents and instruments, including but not limited to filings with the relevant patent, trademark and copyright authorities in connection with notice of the Secured Party's interest in the Company's intellectual property and rights, in form reasonably satisfactory to the Secured Party, and take all other action, as Secured Party may reasonably request, to perfect and continue perfected, maintain the priority of or provide notice of the security interest of Secured Party in the Collateral and to accomplish the purposes of this Agreement. Debtor will cooperate with Secured Party in obtaining control (as defined in the Uniform Commercial Code, as enacted in the State of Texas and amended from time to time (the "Code")) of Collateral ---- consisting of deposit accounts, investment property, letter of credit rights and electronic chatter paper. Debtor will join with Secured Party in notifying any third party who has possession of any Collateral of Secured Party's security interest therein and obtaining an acknowledgment from the third party that is holding the Collateral for the benefit of Secured Party. Debtor will not create any chattel paper without placing a legend on the chattel paper acceptable to Secured Party indicating that Secured Party has a security interest in the chattel paper.

Appears in 2 contracts

Samples: Security Agreement (Positron Corp), Security Agreement (Positron Corp)

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Financing Statements, Etc. Debtor shall execute and deliver to --------------------------- the Secured Party upon the request of the Secured Party as soon as possible after the closing of the transactions contemplated hereby and Debtor hereby authorizes the Secured Party to file (with or without Debtor's signature), at any time and from time to time thereafter, all financing statements, assignments, continuation financing statements, termination statements, account control agreements, and other documents and instruments, including but not limited to filings with the relevant patent, trademark and copyright authorities in connection with notice of the Secured Party's interest in the Company's intellectual property and rights, in form reasonably satisfactory to the Secured Party, and take all other action, as Secured Party may reasonably request, to perfect and continue perfected, maintain the priority of or provide notice of the security interest of Secured Party in the Collateral and to accomplish the purposes of this Agreement. Debtor will cooperate with Secured Party in obtaining control (as defined in the Uniform Commercial Code, as enacted in the State of Texas and amended from time to time (the "Code")) of Collateral ---- consisting of deposit accounts, investment property, letter of credit rights and electronic chatter paper. Debtor will join with Secured Party in notifying any third party who has possession of any Collateral of Secured Party's security interest therein and obtaining an acknowledgment from the third party that is holding the Collateral for the benefit of Secured Party. Debtor will not create any chattel paper without placing a legend on the chattel paper acceptable to Secured Party indicating that Secured Party has a security interest in the chattel paper.

Appears in 2 contracts

Samples: Security Agreement (Positron Corp), Security Agreement (Positron Corp)

Financing Statements, Etc. The Debtor shall execute and deliver to --------------------------- the Secured Party upon concurrently with the request execution of this Agreement, and the Secured Party as soon as possible after the closing of the transactions contemplated hereby and Debtor hereby authorizes the Secured Party to file (with or without the Debtor's ’s signature), at any time and from time to time thereafter, all financing statements, assignments, continuation financing statements, termination statements, account control agreements, and other documents and instruments, including but not limited to filings with the relevant patent, trademark and copyright authorities in connection with notice of the Secured Party's interest in the Company's intellectual property and rights, in form reasonably satisfactory to the Secured Party, and take all other action, as the Secured Party may reasonably request, to perfect and continue perfected, maintain the priority of or provide notice of the security interest of the Secured Party in the Collateral and to accomplish the purposes of this Agreement. Without limiting the generality of the foregoing, the Debtor ratifies and authorizes the filing by the Secured Party of any financing statement filed prior to the date hereof. The Debtor will cooperate with the Secured Party in obtaining control (as defined in the Uniform Commercial Code, as enacted in the State of Texas and amended from time to time (the "Code")UCC) of all Collateral ---- including that consisting of deposit accounts, investment property, letter of letter-of-credit rights and electronic chatter paper. The Debtor will join with the Secured Party in notifying any third party who has possession of any Collateral of the Secured Party's ’s security interest therein and obtaining an acknowledgment from the third party that is holding the Collateral for the benefit of the Secured Party. The Debtor will not create any chattel paper without placing a legend on the chattel paper acceptable to the Secured Party indicating that the Secured Party has a security interest in the chattel paper.

Appears in 2 contracts

Samples: Security Agreement (Bbooth, Inc.), Security Agreement (Bbooth, Inc.)

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Financing Statements, Etc. Debtor shall execute and deliver to --------------------------- the Secured Party upon concurrently with the request execution of the Secured Party as soon as possible after the closing of the transactions contemplated hereby this Agreement, and Debtor hereby authorizes the Secured Party to file (with or without Debtor's signature), at any time and from time to time thereafter, all financing statements, assignments, amendments, continuation financing statements, termination statements, account control agreements, and other documents and instruments, including but not limited to filings with the relevant patent, trademark and copyright authorities in connection with notice of the Secured Party's interest in the Company's intellectual property and rights, in form reasonably satisfactory to the Secured Party, and take all other action, as the Secured Party may reasonably request, to perfect and continue perfected, maintain the priority of or provide notice of the security interest of the Secured Party in the Collateral and to accomplish the purposes of this Agreement. Debtor will cooperate with the Secured Party in obtaining control (as defined in the Uniform Commercial Code, as enacted in the State of Texas and amended from time to time (the "Code")UCC) of Collateral ---- consisting of deposit accounts, investment property, letter of credit rights and electronic chatter paper. Debtor will join with the Secured Party in notifying any third party who has possession of any Collateral of the Secured Party's security interest therein and obtaining an acknowledgment from the third party that it is holding the Collateral for the benefit of the Secured Party. Debtor will not create any chattel paper without placing a legend on the chattel paper acceptable to the Secured Party indicating that the Secured Party has a security interest in the chattel paper.

Appears in 1 contract

Samples: Security Agreement (Escalon Medical Corp)

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