Further Documentation; Pledge of Instruments. At any time and from time to time, upon the written request of the Collateral Agent and at the sole expense of the Pledgor, the Pledgor will promptly and duly execute and deliver any and all such further instruments and documents and take such further action as the Collateral Agent 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 Uniform Commercial Code in effect in any jurisdiction with respect to the Lien granted hereby. The Pledgor also hereby authorizes the Collateral Agent to file any such financing or continuation statement without the signature of the Pledgor to the extent permitted by applicable law. The Pledgor and the Collateral Agent agree that a carbon, photographic or other reproduction of this Agreement or a financing statement is sufficient as a financing statement. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any promissory note or other Instrument or Chattel Paper, such note, Instrument or Chattel Paper shall be immediately delivered to the Collateral Agent, duly endorsed in a manner satisfactory to the Collateral Agent, to be held as Collateral pursuant to this Agreement.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Cogen Technologies Inc), Assignment and Security Agreement (Cogen Technologies Inc)
Further Documentation; Pledge of Instruments. At any time and from time to time, upon the written request of the Collateral Agent and at the sole expense of the Pledgor, the Pledgor will promptly and duly execute and deliver any and all such further instruments and documents and take such further action as the Collateral Agent 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 Uniform Commercial Code in effect in any jurisdiction with respect to the Lien granted hereby. The Pledgor also hereby authorizes the Collateral Agent to file any such financing or continuation statement without the signature of the Pledgor to the extent permitted by applicable law. The Pledgor and the Collateral Agent agree that a carbon, photographic or other reproduction of this Agreement or a financing statement is sufficient as a financing statement. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any promissory note or other Instrument or Chattel Paper, such note, Instrument or Chattel Paper shall be immediately delivered to the Collateral Agent, duly endorsed indorsed in a manner satisfactory to the Collateral Agent, to be held as Collateral pursuant to this Agreement.
Appears in 2 contracts
Samples: Assignment and Security Agreement (Cogen Technologies Inc), Pledge and Security Agreement (Cogen Technologies Inc)
Further Documentation; Pledge of Instruments. At any time and from time to time, upon the written request of the Collateral Agent Administrative Agent, and at the sole expense of the Pledgor, the Pledgor will promptly and duly execute and deliver any and all such further instruments and documents and take such further action as the Collateral Administrative Agent 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 Uniform Commercial Code in effect in any jurisdiction with respect to the Lien granted Liens created hereby. The Pledgor also hereby authorizes the Collateral Administrative Agent to file any such financing or continuation statement without the signature of the Pledgor to the extent permitted by applicable law. The Pledgor and the Collateral Administrative Agent agree that a carbon, photographic or other reproduction of this Agreement or a financing statement is sufficient as a financing statement. If any amount payable under or in connection with any of the Pledged Collateral shall be or become evidenced by any promissory note or note, other Instrument or Chattel Paper, such note, Instrument or Chattel Paper shall be immediately delivered to the Collateral Administrative Agent, duly endorsed in a manner satisfactory to the Collateral Administrative Agent, to be held as Pledged Collateral pursuant to this Agreement.
Appears in 1 contract
Further Documentation; Pledge of Instruments. At any time and from time to time, upon the written request of the Collateral Agent Laurus, and at the sole expense of the PledgorPledgors, the Pledgor Pledgors will promptly and duly execute and deliver any and all such further instruments and documents and take such further action as the Collateral Agent Laurus 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 Uniform Commercial Code in effect in any jurisdiction with respect to the Lien granted liens created hereby. The Pledgor Pledgors also hereby authorizes the Collateral Agent Laurus to file any such financing or continuation statement without the signature of the Pledgor to the extent permitted by applicable law. The Pledgor and the Collateral Agent Laurus agree that a carbon, photographic or other reproduction of this Agreement or a financing statement is sufficient as a financing statement. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any promissory note or note, other Instrument or Chattel Paper, such note, Instrument or Chattel Paper shall be immediately delivered to the Collateral AgentLaurus, duly endorsed in a manner satisfactory to the Collateral AgentLaurus, to be held as Collateral pursuant to this Agreement.
Appears in 1 contract
Samples: Partnership Interest Pledge Agreement (Tidel Technologies Inc)