SECURITY AGREEMENT; FINANCING STATEMENTS Clause Samples

SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a security agreement are a part of this Deed of Trust:

SECURITY AGREEMENT; FINANCING STATEMENTS. A Security Agreement executed by Borrower, substantially in the form of EXHIBIT "C", together with filing copies (or other evidenced of filing satisfactory to Lender and its counsel) of such Uniform Commercial Code financing statements, collateral assignments and termination statements, with respect to the Collateral as Lender shall request.

SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions shall apply to this Deed of Trust as a Security Agreement, see also Exhibit “C” attached hereto: A. This documents shall constitute a security agreement to the extent any of the Trust Estate includes fixtures and/or personal property, as more fully described in the “Together With Clauses” on pages 1, 2 and 3 above. Beneficiary shall have all of the rights of a secured party under the Utah Uniform Commercial Code. B. Upon the request of Beneficiary, Trustor shall execute financing statements and take any other action requested by Beneficiary to perfect Beneficiary’s security interest in any fixture and/or personal property constituting part of the Trust Estate. Beneficiary may file executed counterparts or copies of this Deed of Trust as a financing statement. Upon default, Trustor shall not remove any of the fixtures or personal property from the Property and shall assemble any Personal Property at a location and in a manner requested by the Beneficiary.

SECURITY AGREEMENT; FINANCING STATEMENTS. To further secure the repayment and performance of the Secured Obligations and other obligations secured by this Deed of Trust, Grantor hereby grants to Beneficiary a Uniform Commercial Code security interest in all building materials, building supplies, fixtures, inventory and equipment (other than household goods) now owned or hereafter acquired by Grantor, together with all attachments, accessories and accessions thereto and replacements thereof, located at or upon or intended for use, used, or useable in the construction, occupancy, operation or maintenance of improvements constructed or to be constructed on the real property described or identified in section 4 of this Deed of Trust. With respect to such personal property, Beneficiary shall have all the rights of a secured creditor under the Uniform Commercial Code as adopted and amended from time to time in the State of North Carolina. In addition to recording this Deed of Trust Beneficiary may, at any time and without further authorization from Grantor, file such financing statements as Beneficiary deems appropriate to perfect its security interest in the personal property described in this section.

SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Mortgage as a security agreement are a part of this Mortgage: SECURITY AGREEMENT. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amended from time to time.

SECURITY AGREEMENT; FINANCING STATEMENTS. On the dates of each of the Closing and the Second Closing, as the case may be, the Company shall have executed and delivered the Security Agreement (as defined in the Debentures) and an appropriate number of financing statements on Form UCC-1 to be filed in each jurisdiction necessary for the Investors to perfect their security interest in the Collateral.

SECURITY AGREEMENT; FINANCING STATEMENTS. In addition to the assignment by the Issuer of its rights in the Revenues to the Trustee, the Issuer hereby acknowledges that, in order to more fully protect, perfect and preserve the rights of the Trustee and the Debenture holders in the Revenues, the Issuer grants to the Trustee a security interest in the Revenues and the proceeds thereof. The Issuer agrees to cooperate with the Trustee in filing financing statements, and continuations thereof, in such manner and in such places as may be required by law in order to perfect such security interest. At the time of the issuance of the Debentures and at the required intervals under applicable State law, the Trustee, at the expense of the Borrower, may obtain an opinion of Counsel setting forth what, if any, actions by the Issuer or Trustee should be taken in order to protect, perfect and preserve such security interest. The Trustee shall cooperate with the Issuer as necessary, including the execution of any necessary financing statements and continuations thereof. The following information is supplied to facilitate filings under the Uniform Commercial Code of the State: A. Its address from which information concerning the security interest may be obtained and its mailing address is 120 South San Pedro Street, Suite 400, Los Angeles, CA 90012. The deb▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇. Its mailing address is: 9590 Foothill Boulevard, Rancho Cucamonga, California 91730.

SECURITY AGREEMENT; FINANCING STATEMENTS. Borrower hereby irrevocably authorizes the Lender at any time and from time to time to file in any Uniform Commercial Code jurisdiction any initial financing statements and amendments thereto that (i) describe the Collateral and (ii) contain any other information required by part 5 of Article 9 of the UCC or the Uniform Commercial Code of any other applicable jurisdiction for the sufficiency or filing office acceptance of any financing statement or amendment, including (x) whether Borrower is an organization, the type of organization, and any organizational identification number issued to Borrower and, (y) in the case of a financing statement filed as a fixture filing, a sufficient description of real property to which the Collateral relates. Borrower agrees to furnish any such information to Lender promptly upon request. Borrower also ratifies, if applicable, its authorization for the Lender to have filed in any initial financing statements or amendments thereto if filed before the date of this Mortgage. Promptly upon request by Lender, Borrower shall execute, acknowledge and deliver to Lender or authorize Lender to file any other affidavit or certificate or other document that Lender reasonably may request in order to perfect, preserve, maintain or continue the security interest in the Mortgaged Property under this Mortgage and the priority of such security interest, and upon any failure by Borrower to do so Lender automatically shall be vested with power of attorney for Borrower, coupled with an interest, for such purposes. Borrower further agrees to pay to Lender on demand all costs and expenses incurred by Lender in connection with the preparation, execution, recording, filing and refiling of any such documents. In addition to being a mortgage this Mortgage is intended to be a security agreement and a fixture filing pursuant to the UCC for the items specified above as part of the Mortgaged Property (including goods constituting part of the Collateral that are or are to become fixtures) which, under applicable law, may be subject to a security interest pursuant to the UCC, and Borrower hereby grants to Lender a security interest in said items as security for the Obligations. Without limitation of the foregoing, Borrower agrees that Lender may file this Mortgage in any personal property or real estate records or other appropriate index as a financing statement for all or any of the items specified above as part of the Mortgaged Property. A carbon, photo...

SECURITY AGREEMENT; FINANCING STATEMENTS. The Company agrees to execute and deliver to the Collateral Agent the Security Agreement in the form attached hereto as ANNEX III on or before the Closing Date. The Company shall prepare, and on or before the Closing Date, file with the appropriate officials, Uniform Commercial Code financing statements on Form UCC-1 relating to the Collateral in which the Company is granting a security interest to the Collateral Agent for the benefit of the Buyer pursuant to the Security Agreement if such financing statements are, in the reasonable judgment of the Buyer, advisable to perfect such security interest. The Company shall provide evidence of such filings and customary search reports of the records of the relevant Uniform Commercial Code filing offices on or prior to the Closing Date.