Common use of Further Documentation; Pledge of Instruments and Chattel Paper Clause in Contracts

Further Documentation; Pledge of Instruments and Chattel Paper. At any time and from time to time, upon the written request of the Lender, and at the sole expense of the Company, the Company will promptly and duly execute and deliver such further instruments and documents and take such further action as the Lender may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, the filing of any financing or continuation statements under the UCC in effect in any such jurisdiction with respect to the Liens created hereby and the execution and delivery of a separate security agreement or assignments, in a form acceptable to the Lender, with respect to any of the Intellectual Property in which the Lender has been granted a security interest hereunder. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Instrument or Chattel Paper shall be immediately delivered to the Lender, duly endorsed in a manner satisfactory to the Lender, to be held as Collateral pursuant to this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Incara Pharmaceuticals Corp), Security Agreement (Incara Pharmaceuticals Corp)

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Further Documentation; Pledge of Instruments and Chattel Paper. At any time and from time to time, upon the written request of the LenderLenders, and at the sole expense of the Company, the Company will promptly and duly execute and deliver such further instruments and documents and take such further action as the Lender Lenders may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, the filing of any financing or continuation statements under the UCC in effect in any such jurisdiction with respect to the Liens created hereby and the execution and delivery of a separate security agreement or assignments, in a form acceptable to the LenderLenders, with respect to any of the Intellectual Property in which the Lender has Lenders have been granted a security interest hereunder. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Instrument or Chattel Paper shall be immediately delivered to the LenderLenders, duly endorsed in a manner satisfactory to the LenderLenders, to be held as Collateral pursuant to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Northwest Biotherapeutics Inc)

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Further Documentation; Pledge of Instruments and Chattel Paper. At any time and from time to time, upon the written request of the LenderCollateral Agent, and at the sole expense of the CompanyBorrower, the Company Borrower will promptly and duly execute and deliver such further instruments and documents and take such further action as the Lender Collateral Agent may reasonably request for the purpose of obtaining or preserving the full benefits of this Security Agreement and of the rights and powers herein granted, including, without limitation, the filing of any financing or continuation statements under the UCC Uniform Commercial Code as then in effect in any such jurisdiction with respect to the Liens created hereby. The Borrower also hereby and authorizes the execution and delivery Collateral Agent to file any such financing or continuation statement without the signature of a separate security agreement or assignments, in a form acceptable the Borrower to the Lenderextent permitted by applicable law; provided, with respect that the Collateral Agent delivers to the Borrower a copy of each financing or continuation statement so filed promptly after the filing thereof. A carbon, photographic or other reproduction of this Security Agreement shall be sufficient as a financing statement for filing in any of the Intellectual Property in which the Lender has been granted a security interest hereunderjurisdiction. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Instrument or Chattel Paper shall be immediately delivered to the LenderCollateral Agent, duly endorsed in a manner satisfactory to the LenderCollateral Agent, to be held as Collateral pursuant to this Security Agreement.

Appears in 1 contract

Samples: Borrower Security Agreement (Payless Cashways Inc)

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