Common use of Other Financing Statements or Control Clause in Contracts

Other Financing Statements or Control. Except as otherwise permitted under the Loan Documents, no Grantor shall (a) file, or authorize or permit to be filed, in any jurisdiction, any financing statement or like instrument with respect to any of the Collateral in which the Secured Parties or any holder of a Permitted Priority Lien are not named as the sole secured parties (except to the extent that such financing statement or instrument relates to a Permitted Lien or an Excluded Asset), or (b) cause or permit any Person other than Administrative Agent or the Secured Parties or any holder of a Lien permitted under Section 9.02(c) of the Loan Agreement to have “control” (as defined in Section 9-104, 9-105, 9-106 or 9-107 of the NYUCC) of any Deposit Account, Securities Account, Commodity Account, Electronic Chattel Paper, Investment Property or Letter Of Credit Right constituting part of the Collateral.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (T2 Biosystems, Inc.)

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Other Financing Statements or Control. Except as otherwise permitted under the Loan Documents, no Grantor shall (a) file or suffer to be on file, or authorize or permit to be filedfiled or to be on file, in any jurisdiction, any financing statement or like instrument with respect to any of the Collateral in which the Secured Parties or any holder of a Permitted Priority Lien are not named as the sole secured parties (except to the extent that such financing statement or instrument relates to a Permitted Lien or an Excluded AssetLien), or (b) cause or permit any Person other than the Administrative Agent or the Secured Parties or any holder of a Lien permitted under Section 9.02(c) of the Loan Agreement to have “control” (as defined in Section 9-104, 9-105, 9-106 or 9-107 of the NYUCC) of any Deposit Account, Securities Account, Commodity Account, Electronic Chattel Paper, Investment Property or Letter Of Credit Right constituting part of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Biodelivery Sciences International Inc)

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Other Financing Statements or Control. Except as otherwise permitted under the Loan Documents, no Grantor shall (a) file or suffer to be on file, or authorize or permit to be filedfiled or to be on file, in any jurisdiction, any financing statement or like instrument with respect to any of the Collateral in which the Secured Parties or any holder of a Permitted Priority Lien are not named as the sole secured parties (except to the extent that such financing statement or instrument relates to a Permitted Lien or an Excluded AssetLien), or (b) cause or permit any Person other than Administrative Agent or the Secured Parties or any holder of a Lien permitted under Section 9.02(c) of the Loan Agreement to have “control” (as defined in Section 9-104, 9-105, 9-106 or 9-107 of the NYUCC) of any Deposit Account, Securities Account, Commodity Account, Electronic Chattel Paper, Investment Property or Letter Of Letter-of-Credit Right constituting part of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Viveve Medical, Inc.)

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