Common use of Lien Perfection; Further Assurances Clause in Contracts

Lien Perfection; Further Assurances. Borrower shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s Lien upon the Collateral. Unless prohibited by applicable law, Borrower hereby irrevocably authorizes Lender to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (i) as all assets of Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on Borrower’s behalf. Borrower also hereby ratifies its authorization for Lender to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s request, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender any and all documents, instruments and agreements deemed necessary by Lender to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)

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Lien Perfection; Further Assurances. Borrower Co-Borrowers shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect LenderAgent’s Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of LenderAgent’s Lien upon the Collateral. Unless prohibited by applicable law, each Co-Borrower hereby irrevocably authorizes Lender Agent to execute and file any such financing statementsstatement, including, without limitation, financing statements that indicate the Collateral (i) as all assets of such Co-Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on such Co-Borrower’s behalf. Each Co-Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At LenderAgent’s request, each Co-Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed necessary by Lender Agent, to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc)

Lien Perfection; Further Assurances. Borrower shall execute such UCC-1 UCC financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s 's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s 's Lien upon the Collateral. Unless prohibited by applicable law, Borrower hereby irrevocably authorizes Lender to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (i) as all assets of Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on Borrower’s 's behalf. Borrower also hereby ratifies its authorization for Lender to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s 's request, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender any and all documents, instruments and agreements deemed necessary by Lender to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Joule Inc)

Lien Perfection; Further Assurances. Borrower Borrowers shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s Agent's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s Agent's Lien upon the Collateral. Unless prohibited by applicable law, each Borrower hereby irrevocably authorizes Lender Agent to execute and file any such financing statementsstatement, including, without limitation, financing statements that indicate the Collateral (i) as all assets of such Borrower or words of similar effect, or (ii) as Agent may elect, as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on such Borrower’s 's behalf. Each Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s Agent's request, each Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed necessary by Lender Agent, to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Truserv Corp)

Lien Perfection; Further Assurances. Each Borrower shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect LenderAgent’s Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of LenderAgent’s Lien upon the Collateral. Unless prohibited by applicable law, each Borrower hereby irrevocably authorizes Lender Agent to execute and file any such financing statementsstatement, including, without limitation, financing statements that indicate the Collateral (i) as all assets of such Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on such Borrower’s behalf. Each Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At LenderAgent’s request, each Borrower shall also promptly execute or cause to CHICAGO/#1571873.4 be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed necessary by Lender Agent, to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Lien Perfection; Further Assurances. Each Borrower shall execute such ----------------------------------- UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s Agent's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s Agent's Lien upon the Collateral. Unless prohibited by applicable law, each Borrower hereby irrevocably authorizes Lender Agent to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (i) as all assets of each Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on each Borrower’s 's behalf. Each Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a photographic carbon or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s Agent's request, each Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed necessary by Lender Agent to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Velocity Express Corp)

Lien Perfection; Further Assurances. Borrower shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect LenderAgent’s Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of LenderAgent’s Lien upon the Collateral. Unless prohibited by applicable law, Borrower hereby irrevocably authorizes Lender Agent to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (i) as all assets of Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on Borrower’s behalf. Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At LenderAgent’s request, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed reasonably necessary by Lender Agent to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Home Products International Inc)

Lien Perfection; Further Assurances. Borrower shall execute hereby authorizes Lender to prepare and file such UCC-1 financing statements as are required by the UCC and shall execute such other instruments, assignments or documents as are necessary to perfect Lender’s 's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s 's Lien upon the Collateral. Unless prohibited by applicable law, Borrower hereby irrevocably authorizes Lender to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (iI) as all assets of Borrower or words of similar effect, or (iiII) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section SECTION 5.1, on Borrower’s 's behalf. Borrower also hereby ratifies its authorization for Lender to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s 's request, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender any and all documents, instruments and agreements deemed necessary by Lender to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Media Sciences International Inc)

Lien Perfection; Further Assurances. Borrower shall execute specifically authorizes Lender to file such UCC-1 financing statements as are required by the UCC Code and such other instruments, assignments or documents as are necessary to perfect Lender’s Lien lien upon any of the Collateral and shall to take such other action as may be required to perfect or to continue the perfection of Lender’s Lien lien upon the Collateral. Unless prohibited by applicable law, Borrower hereby irrevocably authorizes Lender to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (i) as all assets of Borrower the Borrower” or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.11.6, on the Borrower’s behalf. The Borrower also hereby ratifies its authorization for Lender to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s request, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender any and all assignments, documents, instruments and agreements deemed necessary by Lender to give effect to or to carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Sachem Capital Corp.)

Lien Perfection; Further Assurances. Borrower shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s Agent's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s Agent's Lien upon the Collateral. Unless prohibited by applicable law, and notwithstanding Section 362 of the Bankruptcy Code, Borrower hereby irrevocably authorizes Lender Agent to authenticate, execute and file any such financing statementsstatement, including, without limitation, financing statements that indicate reflect the Collateral (i) as all assets of Borrower or words of similar effect, effect or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on Borrower’s 's behalf. Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s Agent's request, and, with respect to Term Loan Primary Collateral, at the request of Term Loan Representative, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements reasonably deemed necessary by Lender Agent, to give effect to or carry out the terms or intent of the Loan Documents, all at Borrower's sole cost and expense.

Appears in 1 contract

Samples: And Security Agreement (Weirton Steel Corp)

Lien Perfection; Further Assurances. Borrower shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s Agent's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s Agent's Lien upon the Collateral. Unless prohibited by applicable law, Borrower hereby irrevocably authorizes Lender Agent to execute and file any such financing statementsstatement, including, without limitation, financing statements that indicate the Collateral (i) as all assets of Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section subsection 5.1, on Borrower’s 's behalf. Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s Agent's request, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed necessary by Lender Agent or Majority Lenders, to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Color Spot Nurseries Inc)

Lien Perfection; Further Assurances. Borrower Borrowers shall execute deliver such UCC-1 financing statements as are required by the UCC and shall execute and deliver such other instruments, assignments or documents as are necessary to perfect LenderAgent’s Lien upon any of the Collateral and shall take such other action as may be reasonably required to perfect or to continue the perfection of LenderAgent’s Lien upon the Collateral. Unless prohibited by applicable law, each Borrower hereby irrevocably authorizes Lender Agent to execute and file any such financing statementsstatement, including, without limitation, financing statements that indicate the Collateral (i) as all assets of such Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on such Borrower’s behalf. Each Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At LenderAgent’s request, each Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed necessary by Lender Agent, to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Rewards Network Inc)

Lien Perfection; Further Assurances. 6.2.1. Each Borrower shall shall, at its sole cost and expense, execute such UCC-1 financing statements as are required by the UCC or other Applicable Laws and such other instruments, assignments or documents as are necessary to perfect perfect, or maintain the perfected status of, Lender’s 's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s 's Lien upon the Collateral, including (i) the pledge and delivery to Lender or Servicer of all Instruments evidencing a Payment Right to such Borrower and (ii) promptly upon Lender's request therefor, the assignment of record to Lender of all UCC-1 financing statements naming an Obligor as debtor and such Borrower as secured party. Unless prohibited by applicable lawany Applicable Laws, each Borrower hereby irrevocably authorizes Lender to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (i) as all assets of Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, statement on such Borrower’s 's behalf. Borrower also hereby ratifies its authorization for Lender to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s 's request, each Borrower shall also promptly execute or cause to be executed and shall deliver to Lender any and all documents, instruments and agreements deemed reasonably necessary by Lender to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Litchfield Financial Corp /Ma)

Lien Perfection; Further Assurances. Each Borrower shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s Agent's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s Agent's Lien upon the Collateral. Unless prohibited by applicable law, Borrower Borrowers hereby irrevocably authorizes Lender authorize Agent to execute and file any such financing statementsstatement, including, without limitation, financing statements that indicate the Collateral (i) as all assets of any Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on any Borrower’s 's behalf. Each Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s Agent's request, each Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed necessary by Lender Agent, to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Pw Eagle Inc)

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Lien Perfection; Further Assurances. Borrower shall execute authorizes such UCC-1 UCC financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s 's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s 's Lien upon the CollateralCollaxxxxx. Unless prohibited by applicable law, Borrower hereby irrevocably authorizes Lender to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (i) as all assets of Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on Borrower’s 's behalf. Borrower also hereby ratifies its authorization for Lender to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s 's request, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender any and all documents, instruments and agreements deemed necessary by Lender to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Pure World Inc)

Lien Perfection; Further Assurances. Promptly after Lender’s request therefore, Borrower shall execute or cause to be executed and delivered to Lender such UCC-1 financing statements as are required by the UCC and such other instruments, assignments assignments, title certificates or other documents as are necessary under the Uniform Commercial Code or other applicable law (including any vehicle or vessel certificate of title act) to perfect (or continue the perfection of) Lender’s Lien upon any of the Collateral and shall take such other action as may be required requested by Lender to perfect give effect to or to continue carry out the perfection intent and purposes of Lender’s Lien upon this Agreement, the CollateralCredit Documents, and the transactions contemplated thereby, all at the cost of the Credit Parties. Unless prohibited by applicable law, Borrower each Credit Party hereby irrevocably authorizes Lender to execute and file in any such jurisdiction any financing statementsstatement or amendment thereto on Borrower’s behalf, including, without limitation, including financing statements that indicate the Collateral (i) as all assets or all personal property of Borrower or words of to similar effect, effect or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on Borrower’s behalfherein. Borrower Each Credit Party also hereby ratifies its authorization for Lender to have filed in any jurisdiction any like financing statements statement or amendments amendment thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s request, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender any and all documents, instruments and agreements deemed necessary by Lender to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Dealer Floor Plan and Security Agreement (Fountain Powerboat Industries Inc)

Lien Perfection; Further Assurances. Borrower shall execute Borrowers hereby irrevocably authorize the filing of such UCC-1 financing statements as are required by the UCC and agree to execute such other instruments, assignments or documents as are necessary to perfect Lender’s 's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s 's Lien upon the Collateral. Unless prohibited by applicable law, Borrower Borrowers hereby irrevocably authorizes authorize Lender to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (ia) as "all assets assets" of Borrower Borrowers or words of similar effect, or (iib) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on Borrower’s Borrowers' behalf. Borrower Borrowers also hereby ratifies its ratify their authorization for Lender to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s 's request, each Borrower shall also promptly execute or cause to be executed and shall deliver to Lender any and all documents, instruments and agreements deemed necessary by Lender to give effect to or carry out the terms or intent of the Loan Documents, including, without limitation certificates of title for motor vehicles and/or trailers which are currently owned or hereinafter acquired by any Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Measurement Specialties Inc)

Lien Perfection; Further Assurances. Borrower shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s 's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s 's Lien upon the Collateral. Unless prohibited by applicable law, Borrower hereby irrevocably authorizes Lender to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (i) as all assets of Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on Borrower’s 's behalf. Borrower also hereby ratifies its authorization for Lender to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s 's request, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender any and all documents, instruments and agreements deemed necessary by Lender to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Emtec Inc/Nj)

Lien Perfection; Further Assurances. Each Borrower shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect LenderAgent’s Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of LenderAgent’s Lien upon the Collateral. Unless prohibited by applicable law, each Borrower hereby irrevocably authorizes Lender Agent to execute and file any such financing statementsstatement, including, without limitation, financing statements that indicate the Collateral (i) as all assets of such Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on such Borrower’s behalf. Each Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At LenderAgent’s request, each Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed necessary by Lender Agent, to give effect to or carry out the terms or intent of the Loan Documents.. 5.4

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Lien Perfection; Further Assurances. Borrower shall execute such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s Agent's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s Agent's Lien upon the Collateral. Unless prohibited by applicable law, Borrower hereby irrevocably authorizes Lender Agent to execute and file any such financing statements, including, without limitation, financing statements that indicate the Collateral (i) as all assets of Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on Borrower’s 's behalf. Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s Agent's request, Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed reasonably necessary by Lender Agent to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Home Products International Inc)

Lien Perfection; Further Assurances. Each Borrower shall execute such UCC-1 UCC‑1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect Lender’s Agent's Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of Lender’s Agent's Lien upon the Collateral. Unless prohibited by applicable law, each Borrower hereby irrevocably authorizes Lender Agent to execute and file any such financing statementsstatement, including, without limitation, financing statements that indicate the Collateral (i) as all assets of such Borrower or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on such Borrower’s 's behalf. Each Borrower also hereby ratifies its authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At Lender’s Agent's request, each Borrower shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed necessary by Lender Agent, to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Lien Perfection; Further Assurances. Borrower shall execute Borrowers hereby authorizes such UCC-1 financing statements as are required by the UCC and such other instruments, assignments or documents as are necessary to perfect LenderAgent’s Lien upon any of the Collateral and shall take such other action as may be required to perfect or to continue the perfection of LenderAgent’s Lien upon the Collateral. Unless prohibited by applicable law, Borrower Borrowers hereby irrevocably authorizes Lender authorize Agent to execute and and/or file any such financing statements, including, without limitation, financing statements that indicate the Collateral (i) as all assets of Borrower Borrowers or words of similar effect, or (ii) as being of an equal or lesser scope, or with greater or lesser detail, than as set forth in Section 5.1, on Borrower’s Borrowers’ behalf. Borrower Borrowers also hereby ratifies its ratify their authorization for Lender Agent to have filed in any jurisdiction any like financing statements or amendments thereto if filed prior to the date hereof. The parties agree that a carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof. At LenderAgent’s request, Borrower Borrowers shall also promptly execute or cause to be executed and shall deliver to Lender Agent any and all documents, instruments and agreements deemed necessary by Lender Agent to give effect to or carry out the terms or intent of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

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