Common use of Maintenance of Security Interest Clause in Contracts

Maintenance of Security Interest. The Grantor will, from time to time, upon the request of the Secured Parties, deliver specific assignments of Collateral, together with such other instruments and documents, financing statements, amendments thereto, assignments or other writings as the Secured Parties may reasonably request to carry out the terms of this Agreement or to protect or enforce the Secured Parties' security interest in the Collateral. With respect to any and all Collateral to be secured and conveyed under this Agreement, the Grantor agrees to do and cause to be done all things necessary to perfect and keep in full force the security interest granted in favor of the Secured Parties, including, but not limited to, the prompt payment of all fees and expenses incurred in connection with any filings made to perfect or continue a security interest in the Collateral in favor of the Secured Parties. The Grantor agrees to make appropriate entries upon its financial statements and books and records disclosing the Secured Parties' security interest granted hereunder.

Appears in 6 contracts

Samples: Amended and Restated Security Agreement (Merlin Software Technologies International Inc), Subsidiary Security Agreement (Merlin Software Technologies International Inc), Security Agreement (Merlin Software Technologies International Inc)

AutoNDA by SimpleDocs

Maintenance of Security Interest. The Each Grantor will, from time to time, upon the request of the Secured PartiesAgent, deliver specific assignments of Collateral, together with such other instruments and documents, financing statements, amendments thereto, assignments or other writings as the Secured Parties Agent may reasonably request to carry out the terms of this Agreement or to protect or enforce the Secured Parties' Agent's security interest on behalf of the Secured Parties in the Collateral. With respect to any and all Collateral to be secured and conveyed under this Agreement, the each Grantor agrees to do and cause to be done all things necessary to perfect and keep in full force the security interest granted in favor of the Secured Parties, including, but not limited to, the prompt payment of all fees and expenses incurred in connection with any filings made to perfect or continue a security interest in the Collateral in favor of the Secured Parties. The Each Grantor agrees to make appropriate entries upon its financial statements and books and records disclosing the Secured Parties' security interest granted hereunder.

Appears in 1 contract

Samples: Security Agreement (River Oaks Furniture Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.