Common use of REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL Clause in Contracts

REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. With respect to the Collateral, Grantor represents and promises to Lender that: Perfection of Security Interest. Xxxxxxx agrees to take whatever actions are requested by Xxxxxx to perfect and continue Xxxxxx’s security interest in the Collateral. Upon request of Xxxxxx, Grantor will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Grantor will note Xxxxxx’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. This is a continuing Security Agreement and will continue in effect even though all or any part of the Indebtedness is paid in full and even though for a period of time Grantor may not be indebted to Lender. Notices to Lender. Grantor will promptly notify Lender in writing at Lender’s address shown above (or such other addresses as Lender may designate from time to time) prior to any (1) change in Grantor’s name; (2) change in Grantor’s assumed business name(s); (3) change in the management of the Corporation Grantor; (4) change in the authorized signer(s); (5) change in Grantor’s principal office address; (6) change in Grantor’s state of organization; (7) conversion of Grantor to a new or different type of business entity; or (8) change in any other aspect of Grantor that directly or indirectly relates to any agreements between Grantor and Lender. No change in Grantor’s name or state of organization will take effect until after Xxxxxx has received notice.

Appears in 1 contract

Samples: Commercial Security Agreement (American Consumers Inc)

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REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. With respect to the Collateral, Grantor Covenants, agrees, represents and promises warrants to Lender that: Perfection of Security Interest. Xxxxxxx agrees Grantor hereby authorizes Lender to file such financing statements with respect so the Collateral as Lender shall deem appropriate and Grantor shall take whatever other actions are requested by Xxxxxx Lender to perfect and continue Xxxxxx’s Lenders security interest in the Collateral. Upon request of XxxxxxLender, Grantor will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Grantor will xxxx note Xxxxxx’s Lender's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by XxxxxxLender. This is a continuing Security Agreement and will continue in effect even though all or any arty part of the Indebtedness is paid in full and even though for a period of time Grantor may not be indebted Indebted to Lender. Notices to Lender. Grantor will promptly notify Lender in writing at Lender’s 's address shown above (or for such other addresses as Lender may designate designate( from time to time) prior to any (1) change in Grantor’s 's name; (2) change in Grantor’s 's assumed business name(s); (3) change in the management of the Corporation Grantor; (4) change in the authorized signer(s); ): (5) change in Grantor’s 's principal office address; : (6) change in Grantor’s 's state of organization; (7) conversion of Grantor to a new or different type of business entity; or (8) change in any other aspect of Grantor that directly or indirectly relates to any agreements between Grantor and Lender. No change in Grantor’s 's name or state of organization will take effect until after Xxxxxx Lender has received notice. No Violation, The execution and delivery of this Agreement will not violate any law or agreement governing Grantor or to which Grantor is a party, and its certificate or articles of incorporation and bylaws do not prohibit any term or condition of this Agreement.

Appears in 1 contract

Samples: Commercial Security Agreement (Surge Components Inc)

REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. With respect to the Collateral, Grantor represents and promises to Lender that: Perfection of Security InterestPERFECTION OF SECURITY INTEREST. Xxxxxxx Grantor agrees to execute financing statements and to take whatever other actions are requested by Xxxxxx Lender to perfect and continue Xxxxxx’s Lender's security interest in the Collateral. Upon request of XxxxxxLender, Grantor will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Grantor will note Xxxxxx’s Lender's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. This is a continuing Security Agreement and will continue in effect even though all or any part of the Indebtedness is paid in full and even though for a period of time Grantor may not be indebted to Lender. Notices to LenderTHIS IS A CONTINUING SECURITY AGREEMENT AND WILL CONTINUE IN EFFECT EVEN THOUGH ALL OR ANY PART OF THE INDEBTEDNESS IS PAID IN FULL AND EVEN THOUGH FOR A PERIOD OF TIME GRANTOR MAY NOT BE INDEBTED TO LENDER. NOTICES TO LENDER. Grantor will promptly notify Lender in writing at Lender’s 's address shown above (or such other addresses as Lender may designate from time to time) prior to any (1) change in Grantor’s 's name; (2) change in Grantor’s 's assumed business name(s); (3) change in the management or in the members or managers of the Corporation limited liability company Grantor; (4) change in the authorized signer(s); (5) change in Grantor’s 's principal office address; (6) change in Grantor’s 's state of organization; (7) conversion of Grantor to a new or different type of business entity; or (8) change in any other aspect of Grantor that directly or indirectly relates to any agreements between Grantor and Lender. No change in Grantor’s 's name or state of organization will take effect until after Xxxxxx Lender has received notice.

Appears in 1 contract

Samples: Commercial Security Agreement (Husker Ag Processing LLC)

REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. With respect to the Collateral, Grantor represents and promises to Lender that: Perfection of Security InterestPERFECTION OF SECURITY INTEREST. Xxxxxxx Grantor agrees to execute financing statements and to take whatever other actions are requested by Xxxxxx Lender to perfect and continue Xxxxxx’s Lender's security interest in the Collateral. Upon request of XxxxxxLender, Grantor will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Grantor will note Xxxxxx’s Lender's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. This is a continuing Security Agreement and will continue in effect even though all or any part of the Indebtedness is paid in full and even though for a period of time Grantor may not be indebted to Lender. Notices to LenderTHIS IS A CONTINUING SECURITY AGREEMENT AND WILL CONTINUE IN EFFECT EVEN THOUGH ALL OR ANY PART OF THE INDEBTEDNESS IS PAID IN FULL AND EVEN THOUGH FOR A PERIOD OF TIME GRANTOR MAY NOT BE INDEBTED TO LENDER. NOTICES TO LENDER. Grantor will promptly notify Lender in writing at Lender’s 's address shown above (or such other addresses as Lender may designate from time to time) prior to any (1) change in Grantor’s 's name; (2) change in Grantor’s 's assumed business name(s); (3) change in the management of the Corporation Grantor; (4) change in the authorized signer(s); (5) change in Grantor’s 's principal office address; (6) change in Grantor’s 's state of organization; (7) conversion of Grantor to a new or different type of business entity; or (8) change in any other aspect of Grantor that directly or indirectly relates to any agreements between Grantor and Lender. No change in Grantor’s 's name or state of organization will take effect until after Xxxxxx Lender has received notice.

Appears in 1 contract

Samples: Business Loan Agreement (Collegiate Pacific Inc)

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REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. With respect to the Collateral, Grantor covenants, agrees, represents and promises warrants to Lender that: that Perfection of Security Interest. Xxxxxxx Grantor agrees to execute financing statements and to take whatever other actions are requested by Xxxxxx Lender to perfect and continue Xxxxxx’s Lender's security interest in the Collateral. Collateral Upon request of XxxxxxLender, Grantor will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Grantor will note Xxxxxx’s Lender's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Lender This is Is a continuing Security Agreement and will continue in effect even though all or any part of the Indebtedness is Is paid in full and even though for a period of time Grantor may not be indebted to Lender. Notices to Lender. , Grantor will promptly notify Lender in writing at Lender’s 's address shown above (or such other addresses as Lender may designate from time to time) prior to any (1) change in Grantor’s 's name; (2) , 121 change in Grantor’s 's assumed business name(s); , (3) change in the management of the Corporation Grantor; , (4) change in the authorized signer(s); (5) change in Grantor’s 's principal office address; (6, 16) change in Grantor’s state 's stale of organization; , (7) conversion of Grantor to a new or different type of business entity; , or (8) change in any other aspect of Grantor that directly or indirectly relates to any agreements between Grantor and Lender. Lender No change in Grantor’s 's name or state of organization will take effect until after Xxxxxx Lender has received notice.notice No Violation, The execution and delivery of this Agreement will not violate any low or agreement governing Grantor or to which Grantor is a party, and its certificate or articles of incorporation and bylaws or code of regulations do not prohibit any term or condition of this Agreement,

Appears in 1 contract

Samples: Promissory Note (Keystone Consolidated Industries Inc)

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