Mortgagee Waivers. The Debtor shall use its best efforts to obtain waivers or subordinations of Liens from landlords and mortgagees, and the Debtor shall, in all instances, obtain signed acknowledgements of the Secured Party’s Liens from bailees having possession of any of the Debtor’s Collateral that they hold such Collateral for the benefit of the Secured Party pursuant to Section 9313(c) of the UCC.
Appears in 28 contracts
Samples: Security Agreement (Digital Lightwave Inc), Security Agreement (Zwan Bryan J), Security Agreement (Digital Lightwave Inc)
Mortgagee Waivers. The Debtor shall use its best efforts to obtain waivers or subordinations of Liens from landlords and mortgagees, and the Debtor shall, in all instances, obtain signed acknowledgements of the Secured Party’s 's Liens from bailees having possession of any of the Debtor’s 's Collateral that they hold such Collateral for the benefit of the Secured Party pursuant to Section 9313(c) of the UCC.
Appears in 4 contracts
Samples: Security Agreement (Expedition Leasing,Inc.), Security Agreement (Zwan Bryan J), Security Agreement (Digital Lightwave Inc)
Mortgagee Waivers. The Debtor shall use its best commercially reasonable efforts to obtain waivers or subordinations of Liens from landlords and mortgagees, and the Debtor shall, in all instances, obtain signed acknowledgements of the Secured Party’s Liens from bailees having possession of any of the Debtor’s Collateral that they hold such Collateral for the benefit of the Secured Party pursuant to Section 9313(c9-313(c) of the UCC.
Appears in 4 contracts
Samples: Blanket Security Agreement (Genesys Industries, Inc.), Blanket Security Agreement (Genesys Industries, Inc.), Security Agreement (Digital Lightwave Inc)
Mortgagee Waivers. The Debtor shall use its best efforts to obtain waivers or subordinations of Liens from landlords and mortgagees, and the Debtor shall, in all instances, obtain signed acknowledgements of the Secured Party’s Parties’ Liens from bailees having possession of any of the Debtor’s Collateral that they hold such Collateral for the benefit of the Secured Party Parties pursuant to Section 9313(c) of the UCC.
Appears in 1 contract
Samples: Convertible Note and Warrant Purchase Agreement (Mechanical Technology Inc)
