Common use of Financing Statements; Further Assurances Clause in Contracts

Financing Statements; Further Assurances. On the Closing Date, Borrower shall execute and deliver to the initial Lender for filing a financing statement or statements in connection with the Account Collateral in the form required to properly perfect Collateral Agent's security interest on behalf of the Lenders in the Account Collateral to the extent that it may be perfected by such a filing. From time to time, at the expense of Borrower, Borrower shall promptly execute and deliver all further instruments, and take all further action, that Agent may reasonably request, in order to perfect and protect the pledge and security interest granted or purported to be granted hereby, or to enable Collateral Agent to exercise and enforce Collateral Agent's rights and remedies hereunder with respect to, any Account Collateral. Collateral Agent shall not be responsible for the determination of the financing statements and other instruments necessary to perfect such security interest or for the filing of such financing statements and other instruments at the locations necessary to perfect such security interest and may rely on an opinion of counsel to Borrower as to the perfection of such security interest.

Appears in 1 contract

Samples: Loan Agreement (Asset Investors Corp)

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Financing Statements; Further Assurances. On the Closing Date, Borrower Borrowers shall execute and deliver to the initial Lender for filing a financing statement or statements in connection with the Account Collateral in the form required to properly perfect Collateral Agent's security interest on behalf of the Lenders Lender in the Account Collateral to the extent that it may be perfected by such a filing. From time to time, at the expense of BorrowerBorrowers, Borrower Borrowers shall promptly execute and deliver all further instruments, and take all further action, that Agent may reasonably request, in order to perfect and protect the pledge and security interest granted or purported to be granted hereby, or to enable Collateral Agent to exercise and enforce Collateral Agent's rights and remedies hereunder with respect to, any Account Collateral. Collateral Agent shall not be responsible for the determination of the financing statements and other instruments necessary to perfect such security interest or for the filing of such financing statements and other instruments at the locations necessary to perfect such security interest and may rely on an opinion of counsel to Borrower as to the perfection of such security interest.

Appears in 1 contract

Samples: Loan Agreement (Kranzco Realty Trust)

Financing Statements; Further Assurances. On the Closing Date, Borrower shall execute and deliver to the initial Lender for filing a financing statement or statements in connection with the Account Collateral in the form required to properly perfect Collateral Agent's security interest on behalf of the Lenders in the Account Collateral to the extent that it may be perfected by such a filing. From time to time, at the expense of Borrower, Borrower shall promptly execute and deliver all further instruments, and take all further action, that the Agent may reasonably request, in order to perfect and protect the pledge and security interest granted or purported to be granted hereby, or to enable Collateral Agent to exercise and enforce Collateral Agent's rights and remedies hereunder with respect to, any Account Collateralcollateral. Collateral Agent shall not be responsible for the determination of the financing statements and other instruments necessary to perfect such security interest or for the filing of such financing statements and other instruments at the locations necessary to perfect such security interest and may shall rely on an opinion of counsel to the Borrower as to the perfection of such security interest.

Appears in 1 contract

Samples: Loan Agreement (Ocwen Asset Investment Corp)

Financing Statements; Further Assurances. On the Closing Date, Borrower shall execute and deliver to the initial Lender Agent for filing a financing statement or statements in connection with the Account Collateral in the form required to properly perfect Collateral Agent's security interest on behalf of the Lenders in the Account Collateral to the extent that it may be perfected by such a filing. From time to time, at the expense of Borrower, Borrower shall promptly execute and deliver all further instruments, and take all further action, that Agent may reasonably request, in order to perfect and protect the pledge and security interest granted or purported to be granted hereby, or to enable Collateral Agent to exercise and enforce Collateral Agent's rights and remedies hereunder with respect to, any Account Collateral. Collateral Agent shall not be responsible for the determination of the financing statements and other instruments necessary to perfect such security interest or for the filing of such financing statements and other instruments at the locations necessary to perfect such security interest and may rely on an opinion of counsel to Borrower as to the perfection of such security interest.

Appears in 1 contract

Samples: Loan Agreement (First Union Real Estate Equity & Mortgage Investments)

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Financing Statements; Further Assurances. On the Closing Date, the Borrower shall will execute and deliver to the initial Lender for filing a financing statement or statements in connection with the Account Collateral in the form required to properly perfect the Collateral Agent's security interest on behalf of the Lenders Lender in the Account Collateral to the extent that it may be perfected by such a filing. From time to time, at the expense of the Borrower, the Borrower shall promptly execute and deliver all further instruments, and take all further action, that Agent the Lender may reasonably request, in order to perfect and protect the pledge and security interest granted or purported to be granted hereby, or to enable the Collateral Agent to exercise and enforce the Collateral Agent's rights and remedies hereunder with respect to, any Account Collateral. The Collateral Agent shall not be responsible for the determination of the financing statements and other instruments necessary to perfect such security interest or for the filing of such financing statements and other instruments at the locations necessary to perfect such security interest and may shall be entitled to rely on an opinion of counsel to the Borrower as to the perfection of such security interest.

Appears in 1 contract

Samples: Loan Agreement (Echelon International Corp)

Financing Statements; Further Assurances. On the Closing Date, Borrower shall execute and deliver to the initial Lender for filing a financing statement or statements in connection with the Account Collateral in the form required to properly perfect Collateral Agent's security interest on behalf of the Lenders in the Account Collateral to the extent that it may be perfected by such a filing. From time to time, at the expense of Borrower, Borrower shall promptly execute and deliver all further instruments, and take all further action, that the Agent may reasonably request, in order to perfect and protect the pledge and security interest granted or purported to be granted hereby, or to enable Collateral Agent to exercise and enforce Collateral Agent's rights and remedies hereunder with respect to, any Account Collateral. Collateral Agent shall not be responsible for the determination of the financing statements and other instruments necessary to perfect such security interest or for the filing of such financing statements and other instruments at the locations necessary to perfect such security interest and may shall rely on an opinion of counsel to the Borrower as to the perfection of such security interest.

Appears in 1 contract

Samples: Loan Agreement (Ocwen Asset Investment Corp)

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