Common use of Right to File Financing Statements Clause in Contracts

Right to File Financing Statements. Notwithstanding anything to the contrary contained herein, the Agent may at any time and from time to time file financing statements, continuation statements and amendments thereto that describe the Collateral in particular, and which contain any other information required by the Code for the sufficiency or filing office acceptance of any financing statement, continuation statement or amendment, including whether the Borrower is an organization, the type of organization and any organization identification number issued to the Borrower. The Borrower agrees to furnish any such information to the Agent promptly upon request. Any such financing statements, continuation statements or amendments may be signed by the Agent on behalf of the Borrower and may be filed at any time with or without signature and in any jurisdiction as reasonably determined by the Agent. The Agent agrees to use its reasonable efforts to notify the Borrower of the Agent taking any such action provided in this Section; provided, however, the Borrower agrees that the failure of the Agent to so notify the Borrower for any reason shall not in any way invalidate the actions taken by the Agent pursuant to this Section.

Appears in 3 contracts

Samples: Term Loan and Security Agreement (Strawberry Fields REIT, Inc.), Term Loan and Security Agreement (Strawberry Fields REIT, Inc.), Term Loan and Security Agreement (Strawberry Fields REIT, Inc.)

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Right to File Financing Statements. Notwithstanding anything to the contrary contained herein, the Agent Lender may at any time and from time to time file financing statements, continuation statements and amendments thereto that describe the Collateral as “all assets” or in particular, particular and which contain any other information required by the Code for the sufficiency or filing office acceptance of any financing statement, continuation statement or amendment, including whether the Borrower is an organization, the type of organization and any organization identification number issued to the Borrower. The Borrower agrees to furnish any such information to the Agent Lender promptly upon request. Any such financing statements, continuation statements or amendments may be signed (if at any time required) by the Agent Lender on behalf of the Borrower and may be filed at any time with or without signature and in any jurisdiction as reasonably determined by the AgentLender. The Agent Lender agrees to use its reasonable efforts to notify the Borrower of the Agent Lender taking any such action provided in this Section; provided, however, the Borrower agrees that the failure of the Agent Lender to so notify the Borrower for any reason shall not in any way invalidate the actions taken by the Agent Lender pursuant to this Section.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.)

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Right to File Financing Statements. Notwithstanding anything to the contrary contained herein, the Agent Lender may at any time and from time to time file financing statements, continuation statements and amendments thereto that describe the Collateral in particular, particular and which contain any other information required by the Code for the sufficiency or filing office acceptance of any financing statement, continuation statement or amendment, including whether the Borrower is an organization, the type of organization and any organization identification number issued to the Borrower. The Borrower agrees to furnish any such information to the Agent Lender promptly upon request. Any such financing statements, continuation statements or amendments may be signed by the Agent Lender on behalf of the Borrower and may be filed at any time with or without signature and in any jurisdiction as reasonably determined by the AgentLender. The Agent Lender agrees to use its reasonable efforts to notify the Borrower of the Agent Lender taking any such action provided in this Section; provided, however, the Borrower agrees that the failure of the Agent Lender to so notify the Borrower for any reason shall not in any way invalidate the actions taken by the Agent Lender pursuant to this Section.

Appears in 1 contract

Samples: Loan and Security Agreement (Advocat Inc)

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