Common use of Other Perfection, etc Clause in Contracts

Other Perfection, etc. The Grantor shall at any time and from time to time, whether or not Revised Article 9 is in effect in any particular jurisdiction, take such steps as the Lender may reasonably request for the Lender (a) to obtain an acknowledgement, in form and substance satisfactory to the Lender, of any bailee having possession of any of the Collateral that the bailee holds such Collateral for the Lender, (b) to obtain "control" of any investment property, deposit accounts, letter-of-credit rights or electronic chatter paper (as such terms are defined in Revised Article 9 with corresponding provisions in Rev. ss.sx. 0004, 9105, 9106 and 9107 relating to what constitutes "control" for such items of Collateral), with any agreements establishing control to be in form and substance satisfactory to the Lender, and (c) otherwise to insure the continued perfection and priority of the Lender's security interest in any of the Collateral and of the preservation of its rights therein, whether in anticipation and following the effectiveness of Revised Article 9 in any jurisdiction.

Appears in 1 contract

Samples: Guarantor Security Agreement (Internet Pictures Corp)

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Other Perfection, etc. The Grantor Each Obligor shall at any time and from time to time, whether or not Revised Article 9 is in effect in any particular jurisdiction, take such steps as the Lender may reasonably request for the Lender (ai) to obtain an acknowledgementacknowledgment, in form and substance satisfactory to the Lender, of any bailee having possession of any of the Collateral that the bailee holds such Collateral for the Lender, (bii) to obtain "control" of any investment property, deposit accounts, letter-of-credit rights or electronic chatter chattel paper (as such terms are defined in Revised Article 9 with corresponding provisions in Rev. ss.sx. 0004Sections 9-104, 91059-105, 9106 9-106 and 9107 9-107 relating to what constitutes "control" for such items of Collateral), with any agreements establishing control to be in form and substance satisfactory to the Lender, and (ciii) otherwise to insure the continued perfection and priority of the Lender's security interest in any of the Collateral and of the preservation of its rights therein, whether in anticipation and following the effectiveness of Revised Article 9 in any jurisdiction.

Appears in 1 contract

Samples: Security Agreement (Healthcomp Evaluation Services Corp)

Other Perfection, etc. The Grantor Borrower shall at any time and ---------------------- from time to time, whether or not Revised Article 9 is in effect in any particular jurisdiction, take such steps as the Lender may reasonably request for the Lender (a) to obtain an acknowledgement, in form and substance satisfactory to the Lender, of any bailee having possession of any of the Collateral that the bailee holds such Collateral for the Lender, (b) to obtain "control" of any investment property, deposit accounts, letter-of-credit rights or electronic chatter chattel paper (as such terms are defined in Revised Article 9 with corresponding provisions in Rev. ss.sx. 0004(S)(S) 9-104, 91059-105, 9106 9-106 and 9107 9-107 relating to what constitutes "control" for such items of Collateral), with any agreements establishing control to be in form and substance satisfactory to the Lender, and (c) otherwise to insure the continued perfection and priority of the Lender's security interest in any of the Collateral and of the preservation of its rights therein, whether in anticipation and following the effectiveness of Revised Article 9 in any jurisdiction.

Appears in 1 contract

Samples: Loan and Security Agreement (Moore Medical Corp)

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Other Perfection, etc. The Grantor Company shall at any time and from time to time, whether or not Revised Article 9 is in effect in any particular jurisdiction, take such steps as the Lender Bank may reasonably request for the Lender Bank (a) to obtain an acknowledgement, in form and substance satisfactory to the LenderBank, of any bailee having possession of any of the Collateral that the bailee holds such Collateral for the LenderBank, (b) to obtain "control" of any investment property, deposit accounts, letter-of-credit rights or electronic chatter chattel paper (as such terms are defined in Revised Article 9 with corresponding provisions in Rev. ss.sx. 00049-104, 91059-105, 9106 9-106 and 9107 9-107 relating to what constitutes "control" for such items of Collateral), with any agreements establishing control to be in form and substance satisfactory to the LenderBank, and (c) otherwise to insure the continued perfection and priority of the LenderBank's security interest in any of the Collateral and of the preservation of its rights therein, whether in anticipation and following the effectiveness of Revised Article 9 in any jurisdiction.

Appears in 1 contract

Samples: Security Agreement (Eroom Technology Inc)

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