Common use of UCC Filings and Title Certificates Clause in Contracts

UCC Filings and Title Certificates. The Secured -------------------------------------- Creditors and the Other Parties expressly recognize and agree that the Collateral Agent may be listed as (x) the secured party of record on the various Uniform Commercial Code filings required to be made under this Credit Agreement in order to perfect the collateral assignments from the Borrower to the Secured Creditors of security interests in the Collateral, and (y) the secured party of record on the various other assignments with respect to the Collateral as described more fully in Exhibit C or Exhibit D, that such listings shall be for --------- --------- administrative convenience only in creating a record or nominee secured party to take certain actions under the Facility Documents on behalf of one or more of the Secured Creditors and that such listing will not affect in any way the respective status of the Secured Creditors as the beneficial owners of their respective security interests in the Collateral. In addition, such listings shall impose no duties on the Collateral Agent other than those expressly and specifically undertaken in accordance with the provisions of this Article XIII. ------------ ARTICLE XIV

Appears in 1 contract

Samples: Credit Agreement (Fairfield Communities Inc)

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UCC Filings and Title Certificates. The Secured -------------------------------------- Creditors and the Other Parties expressly recognize and agree that the Collateral Agent may be listed as (x) the secured party of record on the various Uniform Commercial Code filings required to be made under this Credit Agreement in order to perfect the collateral assignments from the Borrower to the L/C Bank and to the other Secured Creditors of security interests in the Collateral, and (y) the secured party of record on the various other assignments with respect to the Collateral as described more fully in Exhibit C or Exhibit D, that such listings shall be for --------- --------- administrative convenience only in creating a record or nominee secured party to take certain actions under the Facility Documents on behalf of one or more of the Secured Creditors and that such listing will not affect in any way the respective status of the Secured Creditors as the beneficial owners of their respective security interests in the Collateral. In addition, such listings shall impose no duties on the Collateral Agent other than those expressly and specifically undertaken in accordance with the provisions of this Article XIII. ------------ ARTICLE XIV.

Appears in 1 contract

Samples: Credit Agreement (Fairfield Communities Inc)

UCC Filings and Title Certificates. The Secured -------------------------------------- Creditors and the Other Parties expressly recognize and agree (x) that the Collateral Agent may be listed as (x) the secured party of record on the various Uniform Commercial Code filings and any other assignments or recordations required to be made under this Credit Agreement in order to perfect the collateral assignments from the Borrower to the Secured Creditors of security interests in the Collateral, and (y) the secured party of record on the various other assignments with respect to the Collateral as described more fully in Exhibit C or Exhibit D, that such listings shall be for --------- --------- administrative convenience only in creating a record or nominee secured party to take certain actions under the Facility Documents on behalf of one or more of the Secured Creditors and that such listing will not affect in any way the respective status of the Secured Creditors as the beneficial owners of their respective security interests in the Collateral. In addition, such listings shall impose no duties on the Collateral Agent other than those expressly and specifically undertaken in accordance with the provisions of this Article XIII. ------------ ARTICLE XIVXII.

Appears in 1 contract

Samples: Loan Agreement (Ag Services of America Inc)

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UCC Filings and Title Certificates. The Secured -------------------------------------- Creditors ----------------------------------- and the Other Parties expressly recognize and agree that the Collateral Agent may be listed as (xa) the secured party of record on the various Uniform Commercial Code filings required to be made under this Credit Agreement in order to perfect the collateral assignments from the Borrower to the Secured Creditors of security interests in the Collateral, and (yb) the secured party of record on the various other assignments with respect to the Collateral as described more fully in Exhibit C or Exhibit D, that such listings shall be for administrative --------- --------- administrative convenience only in creating a record or nominee secured party to take certain actions under the Facility Documents on behalf of one or more of the Secured Creditors and that such listing will not affect in any way the respective status of the Secured Creditors as the beneficial owners of their respective security interests in the Collateral. In addition, such listings shall impose no duties on the Collateral Agent other than those expressly and specifically undertaken in accordance with the provisions of this Article XIII. ------------ ARTICLE XIV------------

Appears in 1 contract

Samples: Credit Agreement (Fairfield Communities Inc)

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