Common use of Perfection and Protection of Security Interest Clause in Contracts

Perfection and Protection of Security Interest. (a) The Borrower shall, at its expense, perform all steps requested by the Lender at any time to perfect, maintain, protect, and enforce the Lender's Liens in the Collateral, including, without limitation: (i) executing and filing financing or continuation statements, and amendments thereof, in form and substance satisfactory to the Lender; (ii) delivering to the Lender the originals of all Instruments, documents, and chattel paper, and all other Collateral of which the Lender determines it should have physical possession in order to perfect and protect the Lender's security interest therein, duly pledged, endorsed or assigned to the Lender without restriction; (iii) placing notations on the Borrower's books of account to disclose the Lender's security interest; and (iv) taking such other steps as are deemed necessary or desirable by the Lender to maintain and protect the Lender's Liens in the Collateral. To the extent permitted by applicable law, the Lender may file, without the Borrower's signature, one or more financing statements disclosing the Lender's Liens in the Collateral. The Borrower agrees that a carbon, photographic, photostatic, or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Perfection and Protection of Security Interest. (a) The Borrower shall, at its expense, promptly perform all steps requested by the Lender Agent at any time to perfect, maintain, protect, and enforce the LenderAgent's Liens in the CollateralLiens, including, without limitation: (i) executing and filing financing or continuation statements, and amendments thereof, in form and substance satisfactory to the LenderAgent; (ii) delivering to the Lender Agent the originals of all Instrumentsinstruments, documents, and chattel paperpaper included in the Collateral, and all other Collateral of which the Lender Agent determines it should have physical possession in order to perfect and protect the LenderAgent's security interest therein, duly pledged, endorsed or assigned to the Lender Agent without restriction; (iii) placing notations delivering to the Agent upon request warehouse receipts covering any portion of the Collateral located in warehouses and for which negotiable warehouse receipts are issued and certificate of titles covering any portion of the Collateral for which certificates of title have been issued; (iv) delivering to the Agent all letters of credit on which the Borrower's books of account to disclose the Lender's security interestBorrower is named beneficiary; and (ivv) taking such other steps as are deemed reasonably necessary or desirable by the Lender Agent to maintain and protect the LenderAgent's Liens in the CollateralLiens. To the extent permitted by applicable law, the Lender Agent may file, without the Borrower's signature, one or more financing statements disclosing the LenderAgent's Liens in the CollateralLiens. The Borrower agrees that a carbon, photographic, photostatic, or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Perfection and Protection of Security Interest. (a) The Borrower shall, at its expense, perform all steps reasonably requested by the Lender at any time to perfect, maintain, protect, and enforce the Lender's its Liens in the Collateral, Collateral including, without limitation: (i) executing and filing financing or continuation statements, and amendments thereof, in form and substance satisfactory to the Lender; (ii) delivering to the Lender the originals of all Instrumentsinstruments, documents, and chattel paper, and all other Collateral of which the Lender determines it should have physical possession in order to perfect and protect the Lender's security interest therein, duly pledged, endorsed or assigned to the Lender without restriction; (iii) placing notations delivering to the Lender warehouse receipts covering any portion of the Collateral located in warehouses and for which warehouse receipts are issued; (iv) delivering to the Lender all letters of credit on which the Borrower's books of account to disclose the Lender's security interestBorrower is named beneficiary; and (ivv) taking such other steps as are deemed necessary or desirable by the Lender to maintain and protect the Lender's Liens in the Collateralits Liens. To the extent permitted by applicable law, the Lender may file, without the Borrower's signature, one or more financing statements disclosing the Lender's Liens in the Collateralits Liens. The Borrower agrees that a carbon, photographic, photostatic, or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Perfection and Protection of Security Interest. (a) The Borrower Borrowers shall, at its their expense, perform all steps requested by the Lender Agent at any time to perfect, maintain, protect, and enforce the LenderAgent's Liens in the CollateralLiens, including, without limitation: (i) executing and filing financing or continuation statements, and amendments thereof, in form and substance satisfactory to the Lender; (ii) delivering to the Lender Agent the originals of all Instrumentsinstruments, documents, and chattel paperChattel Paper, and all other Collateral of which the Lender Agent determines it should have physical possession in order to perfect and protect the LenderAgent's security interest therein, duly pledged, endorsed or assigned to the Lender Agent without restriction; (ii) delivering to the Agent warehouse receipts covering any portion of the Collateral located in warehouses and for which warehouse receipts are issued; (iii) when an Event of Default exists, transferring Inventory to warehouses designated by the Agent; (iv) placing notations on the Borrower's Borrowers' books of account to disclose the LenderAgent's security interest; (v) delivering to the Agent all letters of credit on which either Borrower is named beneficiary; and (ivvi) taking such other steps as are deemed necessary or desirable by the Lender Agent to maintain and protect the LenderAgent's Liens in the CollateralLiens. To the extent permitted by applicable law, the Lender Agent may file, without the either Borrower's signature, one or more financing statements disclosing the LenderAgent's Liens in the CollateralLiens. The Borrower agrees Borrowers agree that a carbon, photographic, photostatic, or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Perfection and Protection of Security Interest. (a) The Borrower shall, at its expense, perform all steps requested by the Lender at any time to perfect, maintain, protect, and enforce the Lender's Liens in the Collateral, including, without limitation: (i) executing and filing financing or continuation statements, and amendments thereof, in form and substance satisfactory to the Lender; (ii) delivering to the Lender Lender, at the request of Lender, the originals of all Instruments, documents, and chattel paper, and all other Collateral of which the Lender determines it should have physical possession in order to perfect and protect the Lender's security interest therein, duly pledged, endorsed or assigned to the Lender without restriction; (iii) placing notations on the Borrower's books of account to disclose the Lender's security interest; and (iv) taking such other steps as are deemed necessary or desirable by the Lender to maintain and protect the Lender's Liens in the Collateral. To the extent permitted by applicable law, the Lender may file, without the Borrower's signature, one or more financing statements disclosing the Lender's Liens in the Collateral. The Borrower agrees that a carbon, photographic, photostatic, or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.