Common use of PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN Clause in Contracts

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. Borrower shall execute and deliver to Lender at any time and from time to time at the request of Lender, all financing statements or other similar documents (and pay the cost of filing or recording the same in all public offices deemed necessary by Lender), as Lender may reasonably request, in a form satisfactory to Lender, to perfect and keep perfected the security interest in the Collateral granted by Borrower to Lender or to otherwise protect and preserve such Collateral and Lender's security interest therein or to enforce Lender's security interests in such Collateral in a manner consistent with the Loan Documents. Should Borrower fail to do so, Lender is authorized to sign any such financing statements as Borrower's agent. Borrower further agrees that a carbon, photographic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (GST Telecommunications Inc)

AutoNDA by SimpleDocs

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. The Borrower shall execute and deliver to Lender Lender, concurrently with the execution of this Agreement, and at any time and from time to time or times hereafter at the request of Lender, all financing statements or other similar documents (and pay the cost of filing or recording the same in all public offices deemed necessary by Lender), as Lender may reasonably request, in a form satisfactory to Lender, to perfect and keep perfected the security interest in the Collateral granted by the Borrower to Lender or to otherwise protect and preserve such the Collateral and Lender's security interest therein or to enforce Lender's security interests in such Collateral in a manner consistent with the Loan DocumentsCollateral. Should the Borrower fail to do so, Lender is authorized to sign any such financing statements as the Borrower's agent. The Borrower further agrees that a carbon, photographic or other reproduction of this Agreement or of a an executed financing statement is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (American Communications Services Inc)

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. The Borrower shall execute and deliver to Lender Lender, concurrently with the execution of this Agreement, and at any time and from time to time or times hereafter at the request of Lender, all financing statements or other similar documents (and pay the cost of filing or recording the same in all public offices deemed necessary by Lender), as Lender may reasonably request, in a form satisfactory to Lender, to perfect and keep perfected the security interest in the Collateral granted by the Borrower to Lender or to otherwise protect and preserve such the Collateral and Lender's security interest therein or to enforce Lender's security interests in such Collateral in a manner consistent with the Loan DocumentsCollateral. Should the Borrower fail to do so, Lender is authorized to sign any such financing statements as the Borrower's agent. The Borrower further agrees that a carbon, photographic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Inc)

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. Borrower shall execute and deliver to Lender Lender, concurrently with the execution of this Agreement, and at any time and from time to time or times hereafter at the request of Lender, all financing statements or other similar documents (and pay the cost of filing or recording the same in all public offices deemed necessary by Lender), as Lender may reasonably request, in a form satisfactory to Lender, to perfect and keep perfected the security interest in the Collateral granted by Borrower to Lender or to otherwise protect and preserve such the Collateral and Lender's security interest therein or to enforce Lender's security interests interest in such Collateral in a manner consistent with the Loan DocumentsCollateral. Should Borrower fail to do so, Lender is authorized to sign any such financing statements as Borrower's agent. Borrower further agrees that a carbon, photographic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Grant Geophysical Inc)

AutoNDA by SimpleDocs

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. Such Borrower shall execute and deliver to Lender Lender, prior to the Funding Date, and at any time and from time to time or times thereafter at the request of Lender, all financing statements or other similar documents (and pay the cost of filing or recording the same in all public offices deemed necessary by Lender), as Lender may reasonably request, in a form satisfactory to Lender, to perfect and keep perfected the security interest in the Collateral granted by such Borrower to Lender or to otherwise protect and preserve such the Collateral and Lender's security interest therein or to enforce Lender's security interests interest in such Collateral in a manner consistent with the Loan DocumentsCollateral. Should such Borrower fail to do so, Lender is authorized to sign any such financing statements as such Borrower's agent. Such Borrower further agrees that a carbon, photographic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!