Common use of Other Perfection, etc Clause in Contracts

Other Perfection, etc. The 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 Capital may reasonably request for Capital (a) to obtain an acknowledgment, in form and substance satisfactory to Capital, of any bailee having possession of any of the Collateral that the bailee holds such Collateral for Capital, (b) to obtain "control" of any investment property, deposit accounts, letter-of-credit rights or electronic chattel paper (as such terms are defined in Revised Article 9 with corresponding provisions in Rev. Sections 9-104, 9-105, 9106 and 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 Capital, and (c) otherwise to insure the continued perfection and priority of Capital'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 2 contracts

Samples: Loan and Security Agreement (Stratus Services Group Inc), Loan and Security Agreement (Enetpc Inc)

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Other Perfection, etc. The Borrower Saddlery 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 Capital the Bank may reasonably request for Capital the Bank (a) to obtain an acknowledgment, in form and substance satisfactory to Capitalthe Bank, of any bailee having possession of any of the Collateral that the bailee holds such Collateral for Capitalthe Bank, (b) to obtain "control" of any investment property, deposit accounts, letter-of-credit rights or electronic chattel paper (as such terms are defined in Revised Article 9 with corresponding provisions in Rev. Sections 9-104, 9104,9-105, 9106 105,9-106 and 9-107 relating to what constitutes "control" for such items of Collateral), with any agreements establishing control to be in the form and substance satisfactory to Capitalthe Bank, and (c) otherwise to insure the continued perfection and priority of Capitalthe Bank'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 (Dover Saddlery Inc)

Other Perfection, etc. The Borrower 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 Capital the Lender may reasonably request for Capital the Lender (a) to obtain an acknowledgmentacknowledgement, in form and substance satisfactory to Capitalthe Lender, of any bailee having possession of any of the Collateral that the bailee holds such Collateral for Capitalthe Lender, (b) to obtain "control" of any investment property, deposit accounts, letter-of-credit rights or electronic chattel chatter paper (as such terms are defined in Revised Article 9 with corresponding provisions in Rev. Sections 9-104ss.sx. 0004, 9-1059105, 9106 and 9-107 9107 relating to what constitutes "control" for such items of Collateral), with any agreements establishing control to be in form and substance satisfactory to Capitalthe Lender, and (c) otherwise to insure the continued perfection and priority of Capitalthe 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)

Other Perfection, etc. The 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 Capital the Bank may reasonably request for Capital the Bank (a) to obtain an acknowledgmentacknowledgement, in form and substance satisfactory to Capitalthe Bank, of any bailee having possession of any of the Security Collateral that the bailee holds such Security Collateral for Capitalthe Bank, (b) to obtain "control" of any investment property, deposit accounts, letter-of-credit rights or electronic chattel paper (as such terms are defined in Revised Article 9 with corresponding provisions in Rev. Sections 9Rev Section9-104, 9-105, 9106 9-106 and 9-107 relating to what constitutes "control" for such items of Security Collateral), with any agreements establishing control to be in form and substance satisfactory to Capitaltot he Bank, and (c) otherwise to insure the continued perfection and priority of Capitalthe Bank's security interest in any of the Security Collateral and of the preservation of its rights rights, therein, whether in anticipation and following the effectiveness of Revised Article 9 in any jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (Channell Commercial Corp)

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Other Perfection, etc. The 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 Capital the Lender may reasonably request for Capital the Lender (a) to obtain an acknowledgmentacknowledgement, in form and substance satisfactory to Capitalthe Lender, of any bailee having possession of any of the Collateral that the bailee holds such Collateral for Capitalthe Lender, (b) to obtain "control" of any investment property, deposit accounts, letter-of-credit rights or electronic chattel paper (as such terms are defined in Revised Article 9 with corresponding provisions in Rev. Sections (S)(S) 9-104, 9-105, 9106 9-106 and 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 Capitalthe Lender, and (c) otherwise to insure the continued perfection and priority of Capitalthe 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)

Other Perfection, etc. The Borrower shall at any time time, and from time to time, whether or not Revised Article 9 is in effect in any particular jurisdiction, take such steps as Capital the Lender may reasonably request for Capital the Lender (a) to obtain an acknowledgment, in form and substance satisfactory to Capitalthe Lender, of any bailee having possession of any of the Collateral that the bailee holds such Collateral for Capitalthe Lender, (b) to obtain "control" of any investment property, deposit accounts, letter-of-credit rights or electronic chattel paper (as such terms are defined in Revised Article 9 with corresponding provisions in Rev. Sections ss.ss. 9-104, 9-105, 9106 and 9-107 106 anx 0-007 relating to what constitutes "control" for such items of Collateral), with any agreements establishing control to be in form and substance satisfactory to Capitalthe Lender, and (c) otherwise to insure the continued perfection and priority of Capitalthe 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 (Millbrook Press Inc)

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