Common use of Representations, Warranties and Covenants Concerning Collateral Clause in Contracts

Representations, Warranties and Covenants Concerning Collateral. Debtor represents and warrants that as of the date hereof that no Financing Statement covering the Collateral is on file in any public office except those for Permitted Encumbrances. Debtor warrants that that as of the date hereof (a) its exact legal name is as stated on the first page of this Agreement, (b) Debtor is an organization of the type and organized in the jurisdiction set forth on the first page of this Agreement, and (c) Debtor’s place(s) of business, its chief executive office, its mailing address and the locations where all of its Collateral is regularly kept, are set forth on Schedule 1. Debtor agrees that it will not change its name, any place of business, any location of its collateral, its mailing address or its chief executive office without giving at least 20 days prior written notice to Secured Party. Debtor will not change its type of organization, jurisdiction of organization or other legal structure without the prior written consent of Secured Party. Debtor will pay the cost of filing financing statements pursuant to the PPSA and any amendments thereto or renewals thereof in all appropriate public offices and will use all commercially reasonable efforts to deliver any subordinations or waivers of other liens reasonably deemed necessary by Secured Party. Promptly upon request by Secured Party, Debtor will deliver to Secured Party all items of Collateral (other than cash) in which Secured Party’s security interest can be perfected by taking possession. Secured Party will hold those items of Collateral to perfect its security interest. If those items of Collateral are held by others to perfect another security interest, the others will be considered to be holding those items also as agent for Secured Party. Debtor hereby appoints Secured Party as its attorney-in-fact to do all acts and things which Secured Party may deem necessary in its reasonable judgment to perfect and to continue perfected the security interest created hereby and to protect and to preserve the Collateral.

Appears in 1 contract

Samples: Security Agreement (Air T Inc)

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Representations, Warranties and Covenants Concerning Collateral. Debtor represents and warrants that as of the date hereof that no Financing Statement or other public notice or record of any lien covering the Collateral is on file in any public office except those for Permitted Encumbrancesoffice. Debtor warrants that that as of the date hereof (a) its exact legal name is as stated on the first page of this Security Agreement, (b) Debtor is an organization of the type and organized in the jurisdiction set forth on the first page of this Security Agreement, and (c) Debtor’s place(s) of business, its chief executive office, its mailing address and the locations where all of its books and records related to the Collateral is regularly kept, are set forth on Schedule 1is 000 0xx Xxxxxx Xxxxx, Xxxxx 000, Xxxxxxxxxxx, XX 00000. Debtor agrees that, upon the occurrence of the Trigger Event, it will promptly execute a control agreement with respect to the Deposit Accounts in a form reasonably satisfactory to Secured Party. Debtor agrees that it will not change its name, any place of business, any location of its collateral, its mailing address or its chief executive office without giving at least 20 10 days prior written notice to Secured Party. The Collateral is and will remain personal property. Debtor will not change its type of organization, jurisdiction of organization or other legal structure without the prior written consent of Secured Party. Debtor will pay the cost of filing financing statements pursuant to the PPSA Financing Statements and any amendments thereto or renewals thereof Continuation Statements in all appropriate public offices and will use all commercially reasonable efforts to deliver any subordinations or waivers of other liens reasonably deemed necessary by Secured Party. Promptly upon request by Secured Party, Debtor will deliver to Secured Party all items of Collateral (other than cash) in which Secured Party’s security interest can be perfected by taking possession. Secured Party will hold those items of Collateral to perfect its security interest. If those items of Collateral are held by others to perfect another security interest, the others will be considered to be holding those items also as agent for Secured Partynecessary. Debtor hereby appoints Secured Party as its attorney-in-fact to do all acts and things which Secured Party may deem necessary in its reasonable judgment to perfect and to continue perfected the security interest created hereby and to protect and to preserve the Collateral.

Appears in 1 contract

Samples: Security Agreement (Qumu Corp)

Representations, Warranties and Covenants Concerning Collateral. Debtor represents and warrants that as of the date hereof that no Financing Statement covering the Collateral is on file in any public office except those for Permitted Encumbrances. Debtor warrants that that as of the date hereof (a) its exact legal name is as stated on the first page of this Agreement, (b) Debtor is an organization of the type and organized in the jurisdiction set forth on the first page of this Agreement, and (c) Debtor’s place(s) of business, its chief executive office, its mailing address and the locations where all of its Collateral is regularly kept, are set forth on Schedule 1. Debtor agrees that it will not change its name, any place of business, any location of its collateral, its mailing address or its chief executive office without giving at least 20 days prior written notice to Secured Party. Debtor will not change its type of organization, jurisdiction of organization or other legal structure without the prior written consent of Secured Party. Debtor will pay the cost of filing financing statements pursuant to the PPSA Financing Statements and any amendments thereto or renewals thereof Continuation Statements in all appropriate public offices and will use all commercially reasonable efforts to deliver any subordinations or waivers of other liens reasonably deemed necessary by Secured Party. Promptly upon request by Secured Party, Debtor will deliver to Secured Party all items of Collateral (other than cash) in which Secured Party’s security interest can be perfected by taking possession. Secured Party will hold those items of Collateral to perfect its security interest. If those items of Collateral are held by others to perfect another security interest, the others will be considered to be holding those items also as agent for Secured Party. Debtor hereby appoints Secured Party as its attorney-in-fact to do all acts and things which Secured Party may deem necessary in its reasonable judgment to perfect and to continue perfected the security interest created hereby and to protect and to preserve the Collateral.

Appears in 1 contract

Samples: Security Agreement (Air T Inc)

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Representations, Warranties and Covenants Concerning Collateral. Debtor represents and warrants that as of the date hereof that no Financing Statement covering the Collateral is on file in any public office except those for Permitted Encumbrances. Debtor warrants that that as of the date hereof (a) its exact legal name is as stated on the first page of this Agreement, (b) the Debtor is an organization of the type and organized in the jurisdiction set forth on the first page of this Agreement, and (c) the Debtor’s 's place(s) of business, its chief executive office, its mailing address and the locations where all of its Collateral is regularly kept, are set forth on Schedule 1. Debtor Company agrees that it will not change its name, any place of business, any location of its collateral, its mailing address or its chief executive office without giving at least 20 30 days prior written notice to Secured Party. The Collateral not constituting fixtures is and will remain personal property. Debtor will not change its type of organization, jurisdiction of organization or other legal structure without the prior written consent of Secured Party. Debtor will pay the cost of filing financing statements pursuant to the PPSA Financing Statements and any amendments thereto or renewals thereof Continuation Statements in all appropriate public offices and will use all commercially reasonable efforts to deliver any subordinations or waivers of other liens reasonably deemed necessary by Secured PartyParty to be necessary. Promptly upon request On demand by Secured Party, Debtor will deliver to Secured Party all items of Collateral (other than cash) in which Secured Party’s 's security interest can be perfected only by taking possession, to the extent not constituting cash or cash equivalents. The Secured Party will hold those items of Collateral to perfect its Secured Party security interest. If those items of Collateral are held by others to perfect another security interest, the others will be considered to be holding those items also as agent for Secured Party. Debtor hereby appoints Secured Party as its attorney-in-fact to do all acts and things which Secured Party may deem necessary in its reasonable judgment to perfect and to continue perfected the security interest created hereby and to protect and to preserve the Collateral.

Appears in 1 contract

Samples: 4 Security Agreement (Select Comfort Corp)

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