Common use of Financing Statements; Further Assurances Clause in Contracts

Financing Statements; Further Assurances. (a) The Secured Parties hereby: (i) designate Mr. Xxxx Xxxxxxxx as the representative of the Secured Parties (the “Representative”) to act on behalf of the Secured Parties as their representative in accordance with the terms of the Security Agreement with respect to the filing of any initial financing statements and amendments thereto, and any termination statements thereof; (ii) agree and consent that the Representative be named as the sole secured party on any and all financing statements and security agreements filed pursuant to this Security Agreement for the ratable benefit of all the Secured Parties; and (iii) agree that the Representative is authorized to file any and all terminations of such financing statements at such time or times as it determines is appropriate pursuant to the Security Agreement.

Financing Statements; Further Assurances. (a) The Secured Parties Party hereby: (i) will designate Mr. Xxxx Xxxxxxxx as the a representative of the Secured Parties Party (the “Representative”) to act on behalf of the Secured Parties Party as their representative in accordance with the terms of the Security Agreement with respect to the filing of any initial financing statements and amendments thereto, and any termination statements thereof; (ii) agree and consent that the Representative be named as the sole secured party on any and all financing statements and security agreements filed pursuant to this Security Agreement for the ratable benefit of all the Secured PartiesParty; and (iii) agree that the Representative is authorized to file any and all terminations of such financing statements at such time or times as it determines is appropriate pursuant to the Security Agreement.

Financing Statements; Further Assurances. (a) The Secured Parties hereby: (i) designate Mr. Xxxx Xxxxxxxx the Lead Investor as the representative of the Secured Parties (the “RepresentativeCollateral Agent”) to act on behalf of the Secured Parties as their representative in accordance with the terms of the Security Agreement with respect to the filing of any initial financing statements and amendments thereto, and any termination statements thereof; (ii) agree and consent that the Representative Collateral Agent be named as the sole secured party on any and all financing statements and security agreements filed pursuant to this Security Agreement for the ratable benefit of all the Secured Parties; and (iii) agree that the Representative Collateral Agent is authorized to file any and all terminations of such financing statements at such time or times as it determines is appropriate pursuant to the Security Agreement.