Common use of Recordation and Other Instruments Clause in Contracts

Recordation and Other Instruments. In order to perfect the security interest of the Trustee in the Trust Estate, the Company will cause such needed security agreements or financing statements, naming the Trustee as assignee and pledgee of the Trust Estate assigned and pledged under the Indenture, for the payment of the principal of and premium, if any, and interest on the Bonds, to be duly filed and recorded in the appropriate offices as required by the provisions of the Uniform Commercial Code or other similar law as adopted in the State, as from time to time amended. To continue the perfection of the security interest evidenced by such security agreements or financing statements, the Company shall file and record such necessary continuation statements, if any, or supplements to them and other instruments from time to time as may be required pursuant to the provisions of that Uniform Commercial Code or other similar law to fully preserve and protect the security interest of the Trustee in the Trust Estate. The Company shall file and refile such instruments which shall be necessary to preserve and perfect the lien of the Indenture upon the Trust Estate until the principal of and premium, if any, and interest on the Bonds issued under the Indenture shall have been paid or provision for their payment shall be made as provided in the Indenture.‌ The Authority shall have no responsibility for the preparation, filing or recording of any instrument, document or financing statement or for the maintenance of any security interest intended to be perfected by that filing or recording. The Authority will execute such instruments as may be necessary in connection with such filing or recording.