Common use of Perfection of Security Interests Clause in Contracts

Perfection of Security Interests. (a) Upon execution of this Agreement by each Pledgor, such Pledgor shall deliver the Pledge Shares, together with Stock Powers (with Medallion Guarantees annexed). (b) The Company and each Pledgor will, at its expense, cause to be searched the public records with respect to the Collateral and will execute, deliver, file and record (in such manner and form as each Secured Party may require), or permit each Secured Party to file and record, as its attorney in fact, any financing statements, any carbon, photographic or other reproduction of a financing statement or this Agreement (which shall be sufficient as a financing statement hereunder), any specific assignments or other paper that may be reasonably necessary or desirable, or that such Secured Party may request, in order to create, preserve, perfect or validate any Security Interest or to enable such Secured Party to exercise and enforce its rights hereunder with respect to any of the Collateral. The Company and each of the Pledgor hereby appoints each Secured Party as the Company's or such Pledgor’s attorney-in-fact to execute in the name and behalf of the Company or such Pledgor, as the case may be, such additional financing statements as such Secured Party may request.

Appears in 5 contracts

Samples: Stock Pledge Agreement (Power 3 Medical Products Inc), Stock Pledge Agreement (Valcom, Inc), Stock Pledge Agreement (Broadwebasia, Inc.)

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Perfection of Security Interests. (a) Upon execution of this Agreement by each Pledgor, such Pledgor shall deliver the Pledge Shares, together with Stock Powers (with Medallion Guarantees annexed). (b) The Company and each Pledgor will, at its expense, cause to be searched the public records with respect to the Collateral and will execute, deliver, file and record (in such manner and form as each Secured Party may require), or permit each Secured Party to file and record, as its attorney in fact, any financing statements, any carbon, photographic or other reproduction of a financing statement or this Agreement (which shall be sufficient as a financing statement hereunder), any specific assignments or other paper that may be reasonably necessary or desirable, or that such Secured Party may request, in order to create, preserve, perfect or validate any Security Interest or to enable such Secured Party to exercise and enforce its rights hereunder with respect to any of the Collateral. The Company and each of the Pledgor Pledgors hereby appoints each Secured Party as the Company's ’s or such Pledgor’s attorney-in-fact to execute in the name and behalf of the Company or such Pledgor, as the case may be, such additional financing statements as such Secured Party may request.

Appears in 3 contracts

Samples: Stock Pledge Agreement (Power 3 Medical Products Inc), Stock Pledge Agreement (Power 3 Medical Products Inc), Stock Pledge Agreement (Power 3 Medical Products Inc)

Perfection of Security Interests. (a) Upon execution of this Agreement by each Pledgor, such Pledgor shall deliver the Pledge Shares, together with Stock Powers (with Medallion Guarantees annexed). (b) The Company and each Pledgor will, at its expense, cause to be searched the public records with respect to the Collateral and will execute, deliver, file and record (in such manner and form as each Secured Party may require), or permit each Secured Party to file and record, as its attorney in fact, any financing statements, any carbon, photographic or other reproduction of a financing statement or this Agreement (which shall be sufficient as a financing statement hereunder), any specific assignments or other paper that may be reasonably necessary or desirable, or that such Secured Party may request, in order to create, preserve, perfect or validate any Security Interest or to enable such Secured Party to exercise and enforce its rights hereunder with respect to any of the Collateral. The Company and each of the Pledgor hereby appoints each appoint the Secured Party as the Company's ’s or such Pledgor’s attorney-in-fact to execute in the name and behalf of the Company or such Pledgor, as the case may be, such additional financing statements as such Secured Party may request.

Appears in 2 contracts

Samples: Stock Pledge Agreement (National Storm Management Inc.), Stock Pledge Agreement (National Storm Management Inc.)

Perfection of Security Interests. (a) Upon execution of this Agreement by each PledgorAgreement, such the Pledgor shall deliver the Pledge Pledged Shares, together with Stock Powers (with Medallion Guarantees annexed), to the Secured Party. (b) The Company and each Pledgor will, at its own expense, cause to be searched the public records with respect to the Collateral and will execute, deliver, file and record (in such manner and form as each the Secured Party may require), or permit each the Secured Party to file and record, as its attorney in the Pledgor's attorney-in-fact, any financing statements, any carbon, photographic or other reproduction of a financing statement or this Agreement (which shall be sufficient as a financing statement hereunder), any specific assignments or other paper that may be reasonably necessary or desirable, or that such the Secured Party may request, in order to create, preserve, perfect or validate any Security Interest or to enable such the Secured Party to exercise and enforce its rights hereunder with respect to any of the Collateral. The Company and each of the Pledgor hereby appoints each the Secured Party as the CompanyPledgor's or such Pledgor’s attorney-in-fact to execute in the name and behalf of the Company or such Pledgor, as the case may be, Pledgor such additional financing statements as such the Secured Party may request.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Decor Products International, Inc.), Stock Pledge Agreement (Murals by Maurice, Inc.)

Perfection of Security Interests. (a) Upon execution of this Agreement by each PledgorAgreement, such the Pledgor shall deliver the Pledge Shares, together with Stock Powers (with Medallion Guarantees annexed)Pledged Assets to the Secured Party. (b) The Company and each Pledgor will, at its own expense, cause to be searched the public records with respect to the Collateral and will execute, deliver, file and record (in such manner and form as each the Secured Party may require), or permit each the Secured Party to file and record, as its attorney in the Pledgor's attorney-in-fact, any financing statements, any carbon, photographic or other reproduction of a financing statement or this Agreement (which shall be sufficient as a financing statement hereunder), any specific assignments or other paper that may be reasonably necessary or desirable, or that such the Secured Party may request, in order to create, preserve, perfect or validate any Security Interest or to enable such the Secured Party to exercise and enforce its rights hereunder with respect to any of the Collateral. The Company and each of the Pledgor hereby appoints each the Secured Party as the CompanyPledgor's or such Pledgor’s attorney-in-fact to execute in the name and behalf of the Company or such Pledgor, as the case may be, Pledgor such additional financing statements as such the Secured Party may request.

Appears in 1 contract

Samples: Note (Organic Plant Health Inc.)

Perfection of Security Interests. (a) Upon execution of this Agreement by each Pledgor, such Pledgor shall deliver the Pledge Shares, together with Stock Powers (with Medallion Guarantees annexed). (b) The Company and each The Pledgor will, at its expense, cause to be searched the public records with respect to the Collateral and will execute, deliver, file and record (in such manner and form as each Secured Party may require), or permit each Secured Party to file and record, as its attorney in fact, any financing statements, any carbon, photographic or other reproduction of a financing statement or this Agreement (which shall be sufficient as a financing statement hereunder), any specific assignments or other paper that may be reasonably necessary or desirable, or that such Secured Party may request, in order to create, preserve, perfect or validate any Security Interest or to enable such Secured Party to exercise and enforce its rights hereunder with respect to any of the Collateral. The Company and each of the Pledgor Pledgors hereby appoints each Secured Party as the Company's ’s or such Pledgor’s attorney-in-fact to execute in the name and behalf of the Company or such Pledgor, as the case may be, such additional financing statements as such Secured Party may request.

Appears in 1 contract

Samples: Stock Pledge Agreement (Power 3 Medical Products Inc)

Perfection of Security Interests. (a) Upon execution of this Agreement by each the Pledgor, such the Pledgor shall deliver the Pledge Shares, together with Stock Powers (with Medallion Guarantees annexed). (b) The Company and each Pledgor will, at its expense, cause to be searched the public records with respect to the Collateral and will execute, deliver, file and record (in such manner and form as each the Secured Party may require), or permit each the Secured Party to file and record, as its attorney in fact, any financing statements, any carbon, photographic or other reproduction of a financing statement or this Agreement (which shall be sufficient as a financing statement hereunder), any specific assignments or other paper that may be reasonably necessary or desirable, or that such the Secured Party may request, in order to create, preserve, perfect or validate any Security Interest or to enable such the Secured Party to exercise and enforce its rights hereunder with respect to any of the Collateral. The Company and each of the Pledgor hereby appoints each the Secured Party as the Company's or such Pledgor’s attorney-in-fact to execute in the name and behalf of the Company or such Pledgor, as the case may be, such additional financing statements as such the Secured Party may request.

Appears in 1 contract

Samples: Stock Pledge Agreement (Phantom Entertainment, Inc.)

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Perfection of Security Interests. (a) Upon execution of this Agreement by each Pledgor, such the Pledgor he shall deliver the Pledge Pledged Shares, together with Stock Powers (with Medallion Guarantees annexed). (b) The Company and each Pledgor will, at its expense, cause to be searched the public records with respect to the Collateral and will execute, deliver, file and record (in such manner and form as each Secured Party may require), or permit each Secured Party to file and record, as its attorney in fact, any financing statements, any carbon, photographic or other reproduction of a financing statement or this Agreement (which shall be sufficient as a financing statement hereunder), any specific assignments or other paper that may be reasonably necessary or desirable, or that such Secured Party may request, in order to create, preserve, perfect or validate any Security Interest or to enable such Secured Party to exercise and enforce its rights hereunder with respect to any of the Collateral. The Company and each of the Pledgor hereby appoints each Secured Party as the Company's or such Pledgor’s attorney-in-fact to execute in the name and behalf of the Company or such Pledgor, as the case may be, such additional financing statements as such Secured Party may request.

Appears in 1 contract

Samples: Stock Pledge Agreement (American Pallet Leasing, Inc.)

Perfection of Security Interests. (a) Upon execution of this Agreement by each Pledgor, such Pledgor shall deliver the Pledge Shares, together with Stock Powers (with Medallion Guarantees annexed). (b) The Company and each Pledgor will, at its expense, cause to be searched the public records with respect to the Collateral and will execute, deliver, file and record (in such manner and form as each Secured Party may require), or permit each Secured Party to file and record, as its attorney in fact, any financing statements, any carbon, photographic or other reproduction of a financing statement or this Agreement (which shall be sufficient as a financing statement hereunder), any specific assignments or other paper that may be reasonably necessary or desirable, or that such Secured Party may request, in order to create, preserve, perfect or validate any Security Interest or to enable such Secured Party to exercise and enforce its rights hereunder with respect to any of the Collateral. The Company and each of the Pledgor Pledgors hereby appoints each Secured Party as the Company's or such Pledgor’s 's attorney-in-fact to execute in the name and behalf of the Company or such Pledgor, as the case may be, such additional financing statements as such Secured Party may request.

Appears in 1 contract

Samples: Stock Pledge Agreement (Valcom, Inc)

Perfection of Security Interests. (a) Upon Prior to execution of this Agreement by each the Pledgor, such the Pledgor shall deliver has delivered the Pledge Pledged Shares, together with Stock Powers (stock powers with Medallion Guarantees annexed)medallion guarantees annexed thereto and an Irrevocable Letter of Instruction. (b) The At their expense, jointly and severally, the Company and each the Pledgor will, at its expense, shall cause the public records to be searched the public records with respect to the Collateral and will execute, deliver, file and record (in such manner and form as each the Secured Party may require), or permit each the Secured Party to file and record, as its attorney in fact, any financing statements, any carbon, photographic or other reproduction of a financing statement or this Agreement (which shall be sufficient as a financing statement hereunder), any specific assignments or other paper that may be reasonably necessary or desirable, or that such Secured Party may request, in order to create, preserve, perfect or validate any Security Interest or to enable such the Secured Party to exercise and enforce its his rights hereunder with respect to any of the Collateral. The Company and each of the Pledgor hereby appoints each appoint the Secured Party as the Company's ’s or such Pledgor’s attorney-in-fact fact, as the case may be, to execute in the name and behalf of the Company or such Pledgor, as the case may be, such additional financing statements as such Secured Party may request.

Appears in 1 contract

Samples: Stock Pledge Agreement (National Storm Management Inc.)

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