Further Security Agreements Clause Samples
The 'Further Security Agreements' clause requires a party, typically the borrower, to execute additional documents or take further actions necessary to perfect or maintain the lender's security interest in collateral. In practice, this means that if the lender identifies assets not originally covered or if legal requirements change, the borrower must cooperate by signing new agreements or providing additional information. This clause ensures that the lender's rights to the collateral remain enforceable and comprehensive, addressing gaps that might otherwise weaken the lender's security position.
Further Security Agreements. Borrower agrees to take such actions and, within ten (10) days after Lender’s written request, to execute, deliver and file and/or record such documents, agreements and financing statements, as may be reasonably necessary to evidence the security interest set forth in Section 4.1, to establish the priority thereof, to carry out the intent and purpose of this Article 4 and/or reflect any change in Borrower’s state of organization, name, organizational number, place of business or place of residence.
Further Security Agreements. Borrower agrees to take such actions and, within ten (10) days after Lender's request, to execute, deliver and file and/or record such documents, agreements and financing statements as may be reasonably necessary to evidence the security interest set forth in Section 5.1, to establish the priority ----------- thereof and to carry out the intent and purpose of this Article 5. Borrower --------- further agrees that Lender may, in such manner and upon such terms and at such times as Lender deems best, and without demand or notice to or consent or signature of Borrower, file such UCC financing statements (including fixture filings), and/or amendments to or continuations of any previously filed financing statements, to evidence and/or perfect and/or continue the perfection of the security interest in the Collateral created or to be created pursuant to the Loan Documents.