Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 16 contracts
Samples: Business Loan Agreement (Torotel Inc), Business Loan Agreement (Asset Based) (Ocean Bio Chem Inc), Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 11 contracts
Samples: Business Loan Agreement (Asset Based) (Better Choice Co Inc.), Business Loan Agreement (Asset Based) (Addvantage Technologies Group Inc), Business Loan Agreement (Dougherty's Pharmacy, Inc.)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 10 contracts
Samples: Loan Agreement (Reconditioned Systems Inc), Loan Agreement (Labor Ready Inc), Loan Agreement (Concepts Direct Inc)
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting Lender’s Xxxxxx's Security Interest and to take whatever actions are requested by Lender Xxxxxx to perfect and continue Lender’s Xxxxxx's Security Interests in the Collateral. Upon request of LenderXxxxxx, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s Xxxxxx's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Xxxxxx's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s Xxxxxxxx's name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of Borrower’s Xxxxxxxx's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 4 contracts
Samples: Business Loan Agreement (Addvantage Technologies Group Inc), Change in Terms Agreement (Titan Energy Worldwide, Inc.), Business Loan Agreement (Asset Based) (Aspyra Inc)
Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 4 contracts
Samples: Business Loan Agreement (Asset Based) (Sterion Inc), Business Loan Agreement (Flotek Industries Inc/Cn/), Business Loan Agreement (Asset Based) (Portland Brewing Co /Or/)
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting LenderXxxxxx’s Security Interest and to take whatever actions are requested by Lender Xxxxxx to perfect and continue Lender’s Security Interests in the Collateral. Upon request of LenderXxxxxx, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note LenderXxxxxx’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of LenderXxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in BorrowerXxxxxxxx’s name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of BorrowerXxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 3 contracts
Samples: Business Loan Agreement (LiveOne, Inc.), Business Loan Agreement (Asset Based) (Ocean Bio Chem Inc), Business Loan Agreement (Sten Corp)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest Interests and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of the Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact fac for the purpose of executing any documents necessary to perfect perfect, or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 2 contracts
Samples: Business Loan Agreement (Asset Based) (TSS, Inc.), Business Loan Agreement (Asset Based) (TSS, Inc.)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, Collateral and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 2 contracts
Samples: Loan Agreement (PDS Financial Corp), Loan Agreement (PDS Financial Corp)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interestinterest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 2 contracts
Samples: Loan Agreement (SHC Corp), Loan Agreement (PDS Financial Corp)
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender Xxxxxx to perfect and continue Lender’s Xxxxxx's Security Interests in the Collateral. Upon request of LenderXxxxxx, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s Xxxxxx's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Xxxxxx's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s Xxxxxxxx's name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of Borrower’s Xxxxxxxx's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 2 contracts
Samples: Loan Agreement (R B Rubber Products Inc), Loan Agreement (Industrial Services of America Inc /Fl)
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute financing statements and all documents perfecting Lender’s Xxxxxx's Security Interest and to take whatever other (actions are requested by Lender Xxxxxx to perfect and continue Lender’s lender's Security Interests in the Collateral. Upon request of Lender, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s Xxxxxx's interest upon any and all chattel paper and instruments if instruments. If not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Xxxxxx's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s Xxxxxxxx's name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of Borrower’s Xxxxxxxx's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (Craftmade International Inc)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral and agrees to deliver possession to Lender of all property included in the Collateral for which possession by Lender is necessary to perfect and continue Lender's Security Interests. Lender acknowledges and agrees that delivery of certificates of title to motor vehicles in which a security interest has been granted as security for the payment of Borrower's Chattel Paper are not necessary by law to perfect and continue Lender's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest 's Security Interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s Social Security Number or 's Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance 's chief executive office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateralcollateral. Upon request of Lender, Borrower will shall deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will shall execute one on or more UCC UCC- financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will shall reimburse Lender for all expenses for the perfection, termination, termination and the continuation of the perfection of Lender’s security interest 's Security Interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s name 's name, including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or of Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s Borrowers name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting perfacting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (American Electric Technologies Inc)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the She perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to So the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Change in Terms Agreement (Paneltech International Holdings, Inc.)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Collateral Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest 's Security Interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate consolidated with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees Borrxxxx xxxees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to Lendxx xx perfect and continue Lender’s Security Lendxx'x Xecurity Interests in the Collateral. Upon request of LenderLendxx, Borrower will Xxrrxxxx xxxl deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest Lendxx'x xnterest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderLendxx. Contemporaneous Xxntemporaneous with the execution of this AgreementAgreement , Borrower will Borrxxxx xxxl execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as Lendxx xx its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Lendxx'x security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s name Borrxxxx'x xame including any change to the assumed business names of BorrowerBorrxxxx. Borrower Xxrrower also promptly will notify Lender before of any change in Borrower’s Social 's social Security Number or Employer Identification Number. Borrower further Borrxxxx xxxther agrees to notify Lender in Lendxx xx writing prior to any change in address or location of Borrower’s principal Borrxxxx'x xrincipal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No: 11001 (Continued) Page 2 ================================================================================ Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting consulting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interestinterest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Loan Agreement (Cutter & Buck Inc)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest exclude such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest 's Interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Loan Agreement (Novadigm Inc)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.or
Appears in 1 contract
Samples: Loan Agreement (Hemacare Corp /Ca/)
Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Lenders security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested requests by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest Interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Loan Agreement (Synergetics Usa Inc)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of at the documents evidencing or constituting the Collateral, Collateral and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file tile such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to ta continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (Dougherty's Pharmacy, Inc.)
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting LenderXxxxxx’s Security Interest Interests and to take whatever actions are requested by Lender Xxxxxx to perfect and continue LenderXxxxxx’s Security Interests in the Collateral. Upon request of the Lender, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact fac for the purpose of executing any documents necessary to perfect perfect, or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of LenderXxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of BorrowerXxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (TSS, Inc.)
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender Xxxxxx to perfect and continue Lender’s Xxxxxx's Security Interests in the Collateral. Upon request of LenderXxxxxx, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s Xxxxxx's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Xxxxxx's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s Xxxxxxxx's name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of Borrower’s Xxxxxxxx's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (Asset Based) (Versant Corp)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if it not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity. BUSINESS LOAN AGREEMENT (ASSET BASED) (CONTINUED) PAGE 2 ================================================================================ COLLATERAL RECORDS. Borrower does now, and at all times hereafter shall, keep correct and accurate records of the Collateral, all of which records shall be available to Lender or Lender's representative upon demand for inspection and copying at any reasonable time. With respect to the Accounts, Borrower agrees to keep and maintain such records as Lender may require, including without limitation information concerning Eligible Accounts and Account balances and agings. Records related to Accounts (Receivables) are or will be located at 13950 Senlac Drive, Suite 100, Dallas, Texas 75234. With resxxxx xx xxx Xxxxxxxxx, Xxxxxxxx xxxxxx xx xxxx xxx maintain such records as Lender may require, including without limitation information concerning Eligible Inventory and records itemizing and describing the kind, type, quality, and quantity of Inventory, Borrower's Inventory costs and selling prices, and the daily withdrawals and additions to Inventory. Records related to Inventory are or will be located at 13950 Senlac Drive, Suite 100, Dallas, Texas 75234. The abovx xx xx xxxxxxxx xxx xxxxxxxx xxxx xx xxx xxxxxxxxs at which Borrower keeps or maintains business records concerning Borrower's collateral.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest 's Interest upon any and all chattel paper and instruments if Instruments If not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in In the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable Its Irrevocable attorney-in-fact --In-4act for the purpose of executing any documents necessary to perfect or to continue any Security Interestinterest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest Interest in the Collateral. Borrower promptly will notify Lender before any change in In Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in In Borrower’s 's Social Security Number or Employer Identification identification Number. Borrower further agrees to notify Lender in In writing prior to any change in In address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees shall execute and/or deliver to execute all documents perfecting Lender, at Borrower’s Security Interest expense, at any time and from time to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in time hereafter at the Collateral. Upon request of Lender, all agreements, instruments, financing statements, authorizations, documents and other written documents (sometimes hereinafter individually and collectively referred to as “Supplemental Documentation”) that Lender reasonably may request, in form and substance acceptable to Lender, to perfect and maintain as perfected Lender’s security interest in the Collateral and to consummate the transactions contemplated in or by this Agreement and the other Loan Documents. Borrower will deliver to irrevocably hereby makes, constitutes and appoints Lender any (and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Persons designated by Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements that purpose) as Borrower’s true and any similar statements as may be required by applicable law, lawful attorney and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorneyagent-in-fact for to sign the purpose names of executing any documents necessary Borrower on the Supplemental Documentation and to perfect or deliver the Supplemental Documentation to continue any Security Interest. such Persons as Lender may at any timereasonably elect in the event that Borrower shall fail promptly to provide the same upon request of Lender, and without further authorization from to file in any jurisdiction any initial financing statements and amendments thereto that (i) indicate the Collateral as all assets of Borrower (or words of similar effect), regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the Uniform Commercial Code of the jurisdiction wherein such financing statement or amendment is filed, or as being of an equal or lesser scope or within greater detail, and (ii) contain any other information required by Section 5 of Article 9 of the Uniform Commercial Code of the jurisdiction wherein such financing statement or amendment is filed regarding the sufficiency or filing office acceptance of any financing statement or amendment, including whether Borrower is an organization, the type of organization, and any organization identification number issued to Borrower, file and in the case of a financing statement filed as a fixture filing or indicating Collateral as as-extracted collateral or timber to be cut, a sufficient description of real property to which the Collateral relates. Borrower agrees that a carbon, photograph, facsimile, photographic or photostatic copy or other reproduction of this Agreement or of any financing statement for use shall be sufficient as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, hereby authorizes and the continuation of the perfection of acknowledges Lender’s security interest in the Collateral. Borrower promptly will notify Lender before filing of any change in Borrower’s name including any change Financing Statements prior to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entitydate hereof.
Appears in 1 contract
Samples: Loan and Security Agreement (Adcare Health Systems, Inc)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this the Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interestinterest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No. 2000206013 (Continued) Page 0 any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, facsimile or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names name of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (CyDex Pharmaceuticals, Inc.)
Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon Upo7 request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will will, note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Lender Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance 's principal.governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting LenderXxxxxx’s Security Interest Interests and to take whatever actions are requested by Lender Xxxxxx to perfect and continue LenderXxxxxx’s Security Interests in the Collateral. Upon request of the Lender, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact fac for the purpose of executing any documents necessary to perfect perfect, or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of LenderXxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in BorrowerXxxxxxxx’s name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of BorrowerXxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (TSS, Inc.)
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting LenderXxxxxx’s Security Interest Interests and to take whatever actions are requested by Lender Xxxxxx to perfect and continue LenderXxxxxx’s Security Interests in the Collateral. Upon request of the Lender, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact fac for the purpose of executing any documents necessary to perfect perfect, or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of LenderXxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in BorrowerXxxxxxxx’s name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower Xxxxxxx also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of BorrowerXxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute financing statements and all documents perfecting LenderXxxxxx’s Security Interest and to take whatever other actions are requested by Lender Xxxxxx to perfect and continue LenderXxxxxx’s Security Interests interests in the Collateral. Upon request of LenderXxxxxx, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note LenderXxxxxx’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-attorney in fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of LenderXxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in BorrowerXxxxxxxx’s name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or of Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or of location of BorrowerXxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (Asset Based) (Versant Corp)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not riot delivered to Lender for possession by Lender. Lender Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Lender, as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.. BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No: 0000011001 (Continued) Page 3 ================================================================================
Appears in 1 contract
Perfection of Security Interests. Each of Borrower agrees and the Parent Guarantors authorizes, and shall cause each of the other Credit Parties (other than the Excluded Subsidiaries) from time to time party to any Collateral Documents to authorize, Bank to file at any time financing statements, continuation statements and amendments thereto that describe the Collateral and to describe the Collateral as all assets of each such Credit Party of the kind pledged under the Collateral Documents and which contain any other information required by the Code for the sufficiency of filing office acceptance of any financing statement, continuation statement or amendment, including whether such Credit Party is an organization, the type of organization and any organizational identification number issued to such Credit Party, if applicable. Any such financing statements may be signed by Bank on behalf of each such Credit Party, as provided in the Code, and may be filed at any time in any [†] DESIGNATES PORTIONS OF THIS DOCUMENT THAT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE COMMISSION jurisdiction. Borrower shall from time to time execute and deliver, and shall cause each of the other Credit Parties (other than the Excluded Subsidiaries) from time to time party to any Collateral Documents to execute and deliver, to Bank, at the request of Bank, all Negotiable Collateral and other documents perfecting Lender’s Security Interest and that Bank may reasonably request, in form reasonably satisfactory to take whatever actions are requested by Lender Bank, to perfect and continue Lenderperfected Bank’s Security Interests security interests and Liens in the Collateral. Upon request of Lender, Borrower will deliver Collateral and in order to Lender any and consummate fully all of the documents evidencing or transactions contemplated under the Loan Documents. Each Credit Party shall have possession of its property and assets constituting the Collateral, except for (i) property and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession assets which by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one their nature are mobile; or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements (ii) where expressly otherwise provided in the appropriate location Loan Documents or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary where Bank chooses to perfect or its security interests by possession in addition to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction the filing of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses Where Collateral having a fair market value in excess of $100,000 in the aggregate is in possession of one or more third-party bailees, Borrower: (a) shall give Bank prompt written notice thereof identifying the names and addresses of the third-party bailees and briefly describing the Collateral in the possession of the third-party bailees; and (b) shall, and shall cause each of the other Credit Parties (other than the Excluded Subsidiaries) from time to time party to any Collateral Documents to, promptly take steps as reasonably requested by Bank to permit Bank to obtain from each of such third-party bailees an acknowledgment, in form and substance reasonably satisfactory to Bank, that such bailee holds such Collateral for the perfection, terminationbenefit of Bank. Each of Borrower and the Parent Guarantors shall, and the continuation shall cause each of the perfection other Credit Parties from time to time party to any Collateral Documents to promptly take steps as reasonably requested by Bank to permit Bank to obtain “control” of Lender’s any Collateral consisting of investment property, letter-of-credit rights or electronic chattel paper (as such items and the term “control” are defined in Revised Article 9 of the Code) by causing the securities intermediary or issuing bank to execute a control agreement in form and substance reasonably satisfactory to Bank. None of Borrower or the Parent Guarantors shall, and nor shall they cause or permit any of the other Credit Parties to, create any chattel paper (other than those Capital Leases under which such Credit Party is the lessee) without placing a legend on the chattel paper reasonably acceptable to Bank indicating that Bank has a security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entitychattel paper.
Appears in 1 contract
Samples: Loan and Security Agreement (NightHawk Radiology Holdings Inc)
Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lenderlender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or of location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments Collateral if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security InterestInterest in the Collateral. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest 's Security Interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed fictitious business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s Lenders Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file fib such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Lenders security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lenderlender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, . and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before Before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (Asset Based) (TGC Industries Inc)
Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including Including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of or this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity. COLLATERAL RECORDS. Borrower does now, and at all times hereafter shall, keep correct and accurate records of the Collateral, all of which records shall be available to Lender or Lender's representative upon demand for inspection and copying at any reasonable time. With respect to the Accounts, Borrower agrees to keep and maintain such records as Lender may require, including without limitation information concerning Eligible Accounts and Account balances and agings.
Appears in 1 contract
Samples: Loan Agreement (Incomnet Inc)
Perfection of Security Interests. Borrower Bxxxxxxx agrees to execute all documents perfecting Lender’s Lxxxxx's Security Interest and to take whatever actions are requested by Lender Lxxxxx to perfect and continue Lender’s Lxxxxx's Security Interests in the Collateral. Upon request of LenderLxxxxx, Borrower Bxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s Lxxxxx's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderLxxxxx. Contemporaneous with the execution of this Agreement, Borrower Bxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Lxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Lxxxxx's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s Bxxxxxxx's name including any change to the assumed business names of BorrowerBxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower Bxxxxxxx further agrees to notify Lender Lxxxxx in writing prior to any change in address or location of Borrower’s Bxxxxxxx's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting LenderXxxxxx’s Security Interest and to take whatever actions are requested by Lender Xxxxxx to perfect and continue Lender’s Security Interests in the Collateral. Upon request of LenderXxxxxx, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note LenderXxxxxx’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, facsimile or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, termination and the continuation of the perfection of LenderXxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in BorrowerXxxxxxxx’s name name, including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of BorrowerXxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of BorrowerBUSINESS LOAN AGREEMENT (ASSET BASED) Loan No. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.2000206013 (Xxxxxxxxd) Page 3 --------------------------------------------------------------------------------
Appears in 1 contract
Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting LenderXxxxxx’s Security Interest and to take whatever actions are requested by Lender Xxxxxx to perfect and continue Lender’s Security Interests in the Collateral. Upon request of LenderXxxxxx, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note LenderXxxxxx’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, law and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of LenderXxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in BorrowerXxxxxxxx’s name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of BorrowerXxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (Asset Based) (KeyStone Solutions, Inc.)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest 's Interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Collateral described in Exhibit A. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. In the event Borrower fails or refuses to comply with Lender's written request therefor, Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement executed by Borrower for use as a financing statement. Borrower will reimburse Lender for all reasonable expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral's Security Interest. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s Social Security Number or 's Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.entity (b)
Appears in 1 contract
Samples: Loan Agreement (Phillips R H Inc)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. statement Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Loan Agreement (RVM Industries Inc)
Perfection of Security Interests. Borrower agrees Borrxxxx xxxees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to Lendxx xx perfect and continue Lender’s Security Lendxx'x Xecurity Interests in the Collateral. Upon request of LenderLendxx, Borrower will Xxrrxxxx xxxl deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest Lendxx'x Xnterest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderLendxx. Contemporaneous Xxntemporaneous with the execution of this Agreement, Borrower will Borrxxxx xxxl execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as Lendxx xx its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security Lendxx'x xecurity interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s name Borrxxxx'x xame including any change to the assumed business names of BorrowerBorrxxxx. Borrower Xxrrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further Borrxxxx xxxther agrees to notify Lender in Lendxx xx writing prior to any change in address or location of Borrower’s principal Borrxxxx'x xrincipal governance office or should Borrower merge or consolidate with any other entity.
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Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest execute, and cause each Subsidiary to execute, such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver shall deliver, and cause each Subsidiary to deliver, to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments Accounts if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute execute, and cause each Subsidiary to execute, one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any name change in Borrower’s name of Borrower or any of the Subsidiaries including any change to the assumed business names of BorrowerBorrower or any of the Subsidiaries. Borrower also promptly will notify Lender before of any change in Borrower’s the Social Security Number or Employer Identification NumberNumber of Borrower or any of the Subsidiaries. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance any office of Borrower or any of the Subsidiaries or should Borrower or any of the Subsidiaries merge or consolidate with any other entity.
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Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting LenderXxxxxx’s Security Interest and to take whatever actions are requested by Lender Xxxxxx to perfect and continue Lender’s Security Interests in the Collateral. Upon request of LenderXxxxxx, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note LenderXxxxxx’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of LenderXxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in BorrowerXxxxxxxx’s name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of BorrowerXxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.
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Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.
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Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. , Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
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Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No. 418887 (Continued) Page 2 appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.
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Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may may, at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also will promptly will notify Lender before of any change in Borrower’s Social Security Number or 's Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
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Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Lenders Sxxxxxxx Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateralxxx Xxllateral. Upon request of LenderXxxxxr, Borrower will deliver to Lender any and all of the documents evidencing docuxxxxx exxxxxxxxg or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments instrumexxx if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower Bxxxxxxr will execute one or more UCC financing statements and any similar xxx xxxilar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Interest Lender may at any time, and without further authorization from Borrower, file a carbon, carbon photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly proxxxxx will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of nxxxx xx Borrower. Borrower also promptly will notify Lender before any change in chxxxx xx Borrower’s 's Social Security Number or Employer Identification identification Number. Borrower further agrees to notify Lender in writing prior to any change in chxxxx xx address or location of Borrower’s Xxxxower's principal governance office or should Borrower merge or consolidate mexxx xx xonsolidate with any other entity.
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Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest Interests and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateralcollateral. Upon request of Lender, Borrower will deliver to Lender lender any and all of the documents evidencing or constituting the Collateral, Collateral and Borrower will note Lender’s interest 's interests upon any and all chattel paper and instruments if not delivered to Lender lender for possession by Lenderlender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender lender will file such financing statements and all such similar statements as may be required in the appropriate location or locations. locations Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interestinterest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
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Perfection of Security Interests. Borrower Xxxxxxxx agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender Xxxxxx to perfect and continue Lender’s Xxxxxx's Security Interests in the Collateral. Upon request of LenderXxxxxx, Borrower Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest Xxxxxx's Interest upon any and all chattel paper and instruments if not delivered to Lender for possession by LenderXxxxxx. Contemporaneous with the execution of this Agreement, Borrower Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Xxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Xxxxxx's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s Xxxxxxxx's name including any change to the assumed business names of BorrowerXxxxxxxx. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower Xxxxxxxx further agrees to notify Lender Xxxxxx in writing prior to any change in address or location of Borrower’s Xxxxxxxx's principal governance office or should Borrower merge or consolidate with any other entity.
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Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity, Collateral Records. Borrower does now, and at all times hereafter shall, keep correct and accurate records of the Collateral, all of which records shall be available to Lender or Lender’s representative upon demand for inspection and copying at any reasonable time. With respect to the Accounts, Borrower agrees to keep and maintain such records as Lender may require, including without limitation information concerning Eligible Accounts and Account balances and agings. Records related to Accounts (Receivables) are or will be located at . The above is an accurate and complete list of all locations at which Borrower keeps or maintains business records concerning Borrower’s collateral. Collateral Schedules. Concurrently with the execution and delivery of this Agreement, Borrower shall execute and deliver to Lender schedules of Accounts and schedules of Eligible Accounts in form and substance satisfactory to the Lender. Thereafter supplemental schedules shall be delivered according to the following schedule: With respect to Eligible Accounts, schedules shall be delivered QUARTERLY.
Appears in 1 contract
Samples: Business Loan Agreement (Vista Proppants & Logistics Inc.)
Perfection of Security Interests. Borrower agrees to execute financing statements and all documents requested by Lender perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable lawlaw which are requested by Lender, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security InterestInterest in the Collateral. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number's employer identification number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.
Appears in 1 contract
Samples: Business Loan Agreement (Niku Corp)
Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity. Collateral Records. Borrower does now, and at all times hereafter shall, keep correct and accurate records of the Collateral, all of which records shall be available to Lender or Lender’s representative upon demand for inspection and copying at any reasonable time. With respect to the Accounts, Borrower agrees to keep and maintain such records as Lender may require, including without limitation information concerning Eligible Accounts and Account balances and agings. Records related to Accounts (Receivables) are or will be located at 12070 Cr-1307, Xxxxxxx, XX 00000. With respect to the Inventory, Borrower agrees to keep and maintain such records as Lender may require, including without limitation information concerning Eligible Inventory and records itemizing and describing the kind, type, quality, and quantity of Inventory, Borrower’s Inventory costs and selling prices, and the daily withdrawals and additions to Inventory. Records related to Inventory are or will be located at 12070 Cr-1307, Xxxxxxx, XX 00000. The above is an accurate and complete list of all locations at which Borrower keeps or maintains business records concerning Borrower’s collateral.
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