Security Agreement and Financing Statements. Trustor (as debtor) hereby grants to Beneficiary (as creditor and secured party) a present and future security interest in all Tangible Collateral, Intangible Collateral, FF&E, Improvements, all other personal property now or hereafter owned or leased by Trustor or in which Trustor has or will have any interest, to the extent that such property constitutes a part of the Trust Estate (whether or not such items are stored on the premises or elsewhere), Proceeds of the foregoing comprising a portion of the Trust Estate and all products, substitutions, and accessions therefor and thereto, subject to Beneficiary's rights to treat such property as real property as herein provided (collectively, the "Personal Property"). Trustor shall execute and/or deliver any and all documents and writings, including without limitation financing statements pursuant to the UCC, as may be necessary or prudent to preserve and maintain the priority of the security interest granted hereby on property which may be deemed subject to the foregoing security agreement or as Beneficiary may reasonably request, and shall pay to Beneficiary on demand any reasonable expenses incurred by Beneficiary in connection with the preparation, execution and filing of any such documents. Trustor hereby authorizes and empowers Beneficiary to file, on Trustor's behalf, all financing statements and refiling and continuations thereof as advisable to create, preserve and protect said security interest. Trustor acknowledges and agrees that it is not authorized to, and will not, authenticate or file, or authorize the filing of, any financing statements or other record with respect to the Personal Property (including any amendments thereto, or continuation or termination statements thereof), except as permitted by the Guaranty. Trustor approves and ratifies any filing or recording of records made by or on behalf of Beneficiary in connection with the perfection of the security interest in favor of Beneficiary hereunder. This Deed of Trust constitutes both a real property deed of trust and a "security agreement," within the meaning of the UCC, and the Trust Estate includes both real and personal property and all other rights and interests, whether tangible or intangible in nature, of Trustor in the Trust Estate. Trustor by executing and delivering this Deed of Trust has granted to Beneficiary, as security of the Obligations, a security interest in the Trust Estate.
Security Agreement and Financing Statements. Trustor shall execute, acknowledge and deliver to Beneficiary, and, if applicable, cause to be recorded or filed at Trustor's cost and expense, any and all such mortgages, assignments, transfers, assurances, financing statements and other instruments and documents and do such acts necessary for the better perfecting, assuring, conveying, assigning, transferring and confirming unto Beneficiary the property and rights herein conveyed or assigned or intended now or hereafter so to be. Unless prohibited by law, Trustor hereby authorizes Beneficiary to execute and file any such financing statements or continuation statements as provided to it on Trustor's behalf and/or without Trustor's signature. Trustor shall not change its name, identity or corporate structure without notifying Beneficiary at least 60 days in advance.
Security Agreement and Financing Statements. Grantor shall execute, acknowledge and deliver any and all such further conveyances, documents, mortgages and assurances as the Lender may reasonably require for accomplishing the purposes hereof, including financing statements required by the Lender to protect its interest under the provisions of the Michigan Uniform Commercial Code, as amended, forthwith upon the written request of the Lender. Upon any failure of Grantor to do so, the Lender may execute, record, file, re-record and refile any and all such documents for and in the name of Grantor, and Grantor hereby irrevocably appoints the Lender as agent and attorney-in-fact of Grantor for the foregoing purposes. This instrument is intended by the parties to be, and shall be construed as, a security agreement, as that term is defined and used in Article Nine of the Michigan Uniform Commercial Code, as amended, and shall grant to the Lender a security interest in that portion of the Property with respect to which a security interest can be granted under Article Nine of the Michigan Uniform Commercial Code, as amended, which security interest shall include a security interest in all personalty owned by Grantor, whether now owned or subsequently acquired, which is or in the future may be physically located on or affixed to the Property described in Exhibit "A" hereto, regardless of whether such personalty consists of fixtures under Michigan law, a security interest in the proceeds and products of the proceeds of all insurance policies now or hereafter covering all or any part of such collateral. For purposes of Article Nine of the Michigan Uniform Commercial Code, (a) Grantor herein is the "debtor", (b) the Lender herein is the "secured party", (c) information concerning the security interest created hereby may be obtained from the Lender at its address set forth on page 1 hereof, and (d) Grantor's mailing address is that set forth on page 1 hereof.
Security Agreement and Financing Statements. On or before the date hereof, the Company shall execute and deliver to the Lender: (1) a security agreement in the form of that attached hereto as Exhibit B (the "Security Agreement"), pursuant to which the Company shall pledge, assign and grant to the Lender a perfected, first priority security interest in and lien upon the Collateral, and (2) such UCC financing statements as the Lender may request.
Security Agreement and Financing Statements by Borrower granting a first lien and security interest in all furniture, equipment, inventory, fixtures, accounts, documents and general intangibles, including without limitation, franchise agreements, operating agreements, contract rights, licenses, permits and parish and city ordinances and approvals relating to or usable in connection with the use, occupancy, operation, ownership or maintenance of the Xxxxxx Shipyard;
Security Agreement and Financing Statements. On or before the date hereof, the Company shall execute and deliver to the Administrative Agent and Collateral Agent:
(1) a security and collateral agency agreement in the form of that attached hereto as Exhibit B (the "Security Agreement"), pursuant to which the Company shall pledge, assign and grant to the Collateral Agent for the benefit of the Lenders a perfected, first priority security interest in and lien upon the Collateral as security for the Obligations, and (2) such UCC financing statements as the Collateral Agent may request.
Security Agreement and Financing Statements. The Company shall have executed and delivered to the Bank a security agreement in form and substance satisfactory to the Bank (the “Security Agreement”), granting the Bank a first priority security interest in all of the Company’s inventory, whether now existing or hereafter acquired. The Company shall have delivered to the Bank financing statements in the appropriate form, receipted to show that they have been filed in the appropriate jurisdictions to perfect the security interests granted to the Bank in the Security Agreement.
Security Agreement and Financing Statements. The Lender shall have received from the Borrower, and each subsidiary guarantor designated by the Lender, (i) the duly executed original of the form of Security Agreement attached hereto as Exhibit "A", (ii) executed UCC-1 financing statements from the Borrower with respect to each location in which the Borrower has or maintains personal property, and (iii) searches of Uniform Commercial Code filings in the jurisdiction of the Borrower's chief executive office and each jurisdiction where any Collateral (as defined in such Security Agreement) is located or where a filing would need to be made in order to perfect the Lender's security interest in the Collateral, together with copies of the financing statements on file in each such jurisdiction and evidence that no Liens exist thereon other than as expressly approved by the Lender or permitted by the Existing Credit Documents.
Security Agreement and Financing Statements. Borrower shall have executed and delivered to Lender the Security Agreement, together with as many executed copies as may be reasonably required by Lender of all financing statements required to be filed and all registrations required to be noted to perfect the Liens created pursuant thereto;
Security Agreement and Financing Statements. As security for pay- ment of the purchase price under the Contract, Buyer hereby irrevocably grants Seller a security interest in the Products purchased by Buyer, together with all accessories, attachments and replacement parts and all substitutions, replacements and proceeds thereof to secure payment of the purchase price and of all monies which may be due under the Contract. Buyer hereby authorizes Seller to file all financing statements, any amendments and continuations thereof, or any other documents necessary or reason- ably required, for the perfection and protection of a security interest under applicable law, and to deliver notice to prior holders of security interests, of Seller’s security inter- est in the Products to protect its interest.
