AGREEMENTS OF DEBTOR. Debtor agrees that: (a) Debtor shall promptly sign and deliver to Secured Party all stock powers, bond powers, assignments, endorsements, powers of attorney, agreements, instructions to issuers, securities intermediaries and other parties and other documents that Secured Party from time to time requests to perfect Secured Party's security interest in the Collateral or to facilitate transfer of the Collateral. (b) Debtor shall not sell, lease, transfer, or assign any Collateral or any interest in any Collateral or permit any Collateral to be transferred by operation of law. (c) Debtor shall pay promptly when due all taxes and assessments upon the Collateral or for its use or ownership. (d) Debtor shall furnish to Secured Party all information regarding the Collateral that Secured Party requests and shall allow Secured Party at any reasonable time to inspect Debtor's records regarding the Collateral. (e) Debtor shall promptly deliver to Secured Party all certificates and other instruments or documents that evidence title or rights to the Collateral, including certificates and other instruments and documents that Debtor receives in the future. (f) Debtor shall immediately notify Secured Party in writing of any change in Debtor's name, identity or corporate structure and of any change in the location of Debtor's chief executive office.
Appears in 1 contract
AGREEMENTS OF DEBTOR. Debtor agrees that:
(a) a. Debtor shall promptly sign and deliver to Secured Party all stock powers, bond powers, assignments, endorsements, powers power of attorney, agreements, instructions to issuers, securities security intermediaries and other parties and other documents documents, including financing statements, that Secured Party from time to time requests to perfect Secured Party's ’s security interest in the Collateral or Collateral. Debtor consents to facilitate transfer the filing by Secured Party of a financing statement reflecting Secured Party’s security interest in the Collateral.
(b) b. Debtor shall not sell, lease, transfer, or assign any Collateral or any interest in any Collateral or permit any Collateral to be transferred by operation of law.
(c) c. Debtor shall pay promptly when due all taxes and assessments upon the Collateral or for its use or ownershipCollateral.
(d) d. Debtor shall furnish to Secured Party all information regarding the Collateral that Secured Party requests and shall allow Secured Party at any reasonable time to inspect Debtor's ’s records regarding the Collateral.
(e) e. Debtor shall promptly deliver to Secured Party all certificates and other instruments or documents that evidence title or rights to the Collateral, including certificates and other instruments and documents that Debtor receives in the future.
(f) f. Debtor shall immediately notify Secured Party in writing of any change in Debtor's ’s name, identity or corporate structure and of any change in the location of Debtor's ’s chief executive office.
Appears in 1 contract
Sources: Convertible Secured Note Purchase Agreement (Community Shores Bank Corp)