Common use of Maintenance of Lien Clause in Contracts

Maintenance of Lien. (A) Borrower authorizes Bank to file one or more Financing Statements to perfect Bank’s Lien pursuant to the Uniform Commercial Code, such Financing Statements to be in form and substance as required by Bank. (B) Borrower hereby appoints Bank as its attorney-in-fact (without requiring Bank to act as such) to file any Financing Statement in the name of Borrower, and to perform all other acts that Bank deems appropriate to perfect and continue Bank’s Lien and to protect and preserve the Collateral. (C) In connection with Bank’s Lien, Borrower will: (1) Execute and deliver, and cause to be executed and delivered, such documents and instruments, including amendments to the Security Documents in form reasonably satisfactory to Bank as Bank, from time to time, may specify, and pay, or reimburse Bank upon demand for paying, all costs and taxes of filing or recording the same in such Jurisdictions as Bank may designate; and (2) Take such other steps as Bank, from time to time, may reasonably direct to protect, perfect, and maintain Bank’s Lien.

Maintenance of Lien. (A) Borrower authorizes Bank to file one or more Financing Statements to perfect Bank’s 's Lien pursuant to the Uniform Commercial Code, such Financing Statements to be in form and substance as required by Bank. (B) Borrower hereby appoints Bank as its attorney-in-fact (without requiring Bank to act as such) to file any Financing Statement in the name of Borrower, and to perform all other acts that Bank deems appropriate to perfect and continue Bank’s 's Lien and to protect and preserve the Collateral. (C) In connection with Bank’s 's Lien, Borrower will: (1) Execute and deliver, and cause to be executed and delivered, such documents and instruments, including amendments to the Security Documents in form reasonably satisfactory to Bank as Bank, from time to time, may specify, and pay, or reimburse Bank upon demand for paying, all costs and taxes of filing or recording the same in such Jurisdictions as Bank may designate; and (2) Take such other steps as Bank, from time to time, may reasonably direct to protect, perfect, and maintain Bank’s 's Lien.