SECURITY INTEREST; FINANCING STATEMENTS Sample Clauses

SECURITY INTEREST; FINANCING STATEMENTS. 11.1. To secure the Obligations, and effective upon our purchase of Receivables pursuant to the terms hereof, you sell and assign to us, and grant to us a security interest in, all of your right, title and interest in such Purchased Receivables and the Inventory represented by such Purchased Receivables, as well as Inventory returned by or repossessed from Customers, all of your rights as an unpaid vendor or lienor, all of your rights of stoppage in transit, replevin and reclamation relating thereto, and all of your rights against third parties with respect thereto. You will cooperate with us in exercising any rights with respect to any of the foregoing. 11.2. You authorize us to file financing statements and any and all other documents that may now or hereafter be provided for by the UCC to reflect and/or perfect our interest as purchaser of Purchased Receivables and any security interest now or hereafter granted by you to us in any of your presently owned or hereafter acquired property. In the event that any jurisdiction requires a debtor’s signature on such financing statements and/or such other documents, you authorize us to file such financing statements and/or other documents on your behalf as your attorney in fact, which such power being coupled with an interest, shall be irrevocable until this Agreement has been terminated and you have fully and indefeasibly paid and discharged all of the Obligations.
AutoNDA by SimpleDocs
SECURITY INTEREST; FINANCING STATEMENTS. The Agent shall have received all Uniform Commercial Code financing statements and documents of similar import in other jurisdictions reasonably requested by Noteholders recording the security interest(s) in favor of the Agent, on behalf of the Agent, created pursuant to the terms of the Transaction Documents. In addition, the Agent shall have received evidence of the release and termination of the security interests of any Person in any Containers to be acquired with the proceeds of such Advance.
SECURITY INTEREST; FINANCING STATEMENTS. 2.1 To secure the payment of the Note, promptly when due, and the Company’s obligations under this Agreement and the other Loan Documents (as defined in Section 3 hereof), the Company hereby pledges and assigns to the Purchaser, and hereby grants to the Purchaser, a first ranking security interest in and lien on the Collateral. “Collateral” shall mean all right, title and interest of the Purchaser in, to and under all of the assets, properties and rights of the Company (including, without limitation, all personal and fixture property of the Company of every kind and nature, wherever located, whether now owned or hereafter acquired or arising, including, without limitation, all goods (including, without limitation, consumer goods, inventory, equipment and any accessions thereto), instruments (including, without limitation, promissory notes), documents, accounts (including, without limitation, receivables), chattel paper (whether tangible or electronic), deposit accounts, letter-of-credit rights (whether or not the letter of credit is evidenced by a writing), commercial tort claims, securities and all other investment property, supporting obligations, any other contract rights or rights to the payment of money, insurance claims, general intangibles (including, without limitation, payment intangibles), all cash and non-cash proceeds of all of the foregoing, and proceeds of proceeds), other than the assets, properties and rights of the Company set forth on Schedule 2.1 hereto.
SECURITY INTEREST; FINANCING STATEMENTS. Borrower grants to us, to secure Bxxxxxxx’s performance under this Loan Agreement, a continuing security interest in any and all assets of Borrower, wherever found, that Borrower now owns or shall acquire, including, but not limited to: (a) all tangible and intangible personal property of Borrower, including, but not limited to, all cash or cash equivalents, accounts, deposit accounts, chattel paper, documents, equipment, general intangibles, instruments, inventory, investment property (including certificated and uncertificated securities, securities accounts, securities entitlements, commodity contracts and commodity accounts), letter of credit rights, commercial tort claims and as-extracted collateral (as those terms are defined in Article 9 of the Uniform Commercial Code (“UCC”) in effect from time to time in the State of Utah); (b) all patents, patent applications, trademarks, trade names, service marks, logos, copyrights, and other sources of business identifiers, and all registrations, recordings and applications with the U.S. Patent and Trademark Office (“USPTO”) and U.S. Copyright Office and all renewals, reissues and extensions thereof (collectively “IP”), together with any written agreement granting any right to use any IP; and (c) all accessions, attachments, accessories, parts, supplies and replacements, products, proceeds and collections with respect to the items described in (a) and (b) above, as those terms are defined in Article 9 of the UCC and all records and data relating thereto. Bxxxxxxx understands and agrees that we may at any time file one or more (i) UCC-1 financing statements, lien entry form or other document to perfect, amend, or continue any interest granted herein and (ii) assignments with USPTO and/or U.S. Copyright Office to perfect any security interest in IP described above. Bxxxxxxx agrees to cooperate with us as may be necessary to accomplish said filing and authorizes us to sign Bxxxxxxx’s name to affect the filing or continuation of any such filings. Bxxxxxxx hereby acknowledges and agrees that we may use “doing business as” or “d/b/a” names or agents in connection with various matters relating to the transaction between us and Borrower, including the filing of UCC-1 financing statements and other notices or filings.
SECURITY INTEREST; FINANCING STATEMENTS. Issuer shall have delivered all Uniform Commercial Code financing statements and documents of similar import in other jurisdictions reasonably requested by Noteholders recording the security interest of this Master Loan Agreement in the Collateral. Without limiting the foregoing, the Agent is hereby authorized to file one or more financing statements, continuation statements, or other documents as it determines reasonably necessary for the purpose of perfecting, confirming, continuing, enforcing or protecting the security interest granted by the Issuer, without the signature of the Issuer, and naming the Issuer as debtor and the Agent as Agent.
SECURITY INTEREST; FINANCING STATEMENTS. You hereby grant to us a security interest in all Purchased Equipment and the related Software to secure payment of the purchase price thereof in accordance with the Uniform Commercial Code.
SECURITY INTEREST; FINANCING STATEMENTS. You hereby grant to us a security interest in (a) all Purchased Equipment and the related BAMS Software to secure payment of the purchase price, and (b) all Rental Equipment and the related BAMS Software to secure payment of the monthly payments therefor and authorize us to file financing statements with respect to the Equipment and the BAMS Software in accordance with the Uniform Commercial Code, signed only by us or signed by us as your attorney-in-fact.
AutoNDA by SimpleDocs
SECURITY INTEREST; FINANCING STATEMENTS. CUSTOMER hereby grants to BAMS a security interest in all Clover Equipment and the related software to secure payment of the purchase price, and authorizes BAMS to file financing statements with respect to the Clover Equipment and the related software in accordance with the Uniform Commercial Code, signed only by BAMS or signed by BAMS as CUSTOMER’s attorney-in-fact.
SECURITY INTEREST; FINANCING STATEMENTS. In addition to the rights granted by Allscripts under Paragraph VIII(M), Parent and Allscripts hereby authorize ABC to file a financing statement under the Prime Vendor Agreement to include Parent or to amend any previously filed financing statement to add Allscripts as an additional debtor.
SECURITY INTEREST; FINANCING STATEMENTS. (a) As security for the payment of all Loans now or in the future made by Lender to the Borrowers hereunder, and for the payment or other satisfaction of all other Obligations, each Loan Party, for valuable consideration, receipt whereof is hereby acknowledged, hereby grants to Lender a Lien and continuing security interest in and to, and assigns to Lender, all of its assets, wherever located and whether now owned or hereafter acquired, including, without limitation, the following: all accounts, books, chattel paper, documents, general intangibles, instruments, deposit accounts, letter of credit rights, supporting obligations, commercial tort claims, investment property, inventory, equipment and other goods, goodwill, patents and patent applications, tradenames, servicemarks, trademarks and trademark applications, copyrights, blueprints, drawings and all proceeds and products (whether tangible or intangible) of all of the foregoing in any form, including, without limitation, all proceeds of credit, fire or other insurance, and also including, without limitation, rents and profits resulting from the temporary use of any of the foregoing (collectively, the "Collateral"). (b) Each Loan Party hereby irrevocably authorizes 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 (a) indicate the Collateral (i) as all assets of such Loan Party or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the Uniform Commercial Code of such jurisdiction, or (ii) as being of an equal or lesser scope or with greater detail, and (b) contain any other information required by the Uniform Commercial Code for the sufficiency or filing office acceptance of any financing statement or amendment, including (i) whether such Loan Party is an organization, the type of organization and any organization identification number issued to such Loan Party, and (ii) in the case of a financing statement filed as a fixture filing or indicating Collateral as as-extracted Collateral or timber to be cut, a sufficient description of real property to which the Collateral relates. Each Loan Party (A) agrees to furnish any such information to Lender promptly upon request, (B) ratifies its authorization for Lender to have filed in any Uniform Commercial Code jurisdiction any like initial financing statements or amendments th...
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!