AGREEMENTS OF DEBTOR. From and after the date of this Security Agreement, and until all of the Obligations are paid in full, Debtor shall: (a) Not sell, lease, transfer or otherwise dispose of Collateral or any interest therein, except as provided for in the Note Purchase Agreement and for sales of Inventory in the ordinary course of business. (b) At the expense of the Debtor, take such actions and execute such financing statements and other documents as the Collateral Agent may from time to time request to maintain the perfected status of the Security Interest. (c) Take any other action reasonably requested by the Collateral Agent to ensure the attachment, perfection of, and the ability of Collateral Agent to enforce the security interest in any and all of the Collateral including, without limitation executing, delivering and, where appropriate, filing financing statements and amendments relating thereto under the UCC, to the extent, if any, that the Debtor’s signature thereon is required therefor. (d) Keep the Collateral consisting of tangible personal property insured against loss or damage to the Collateral under a policy or policies covering such risks as are ordinarily insured against by similar businesses. (e) Provide at least 10 days prior written notice to Collateral Agent prior to changing its name or its place of business.
Appears in 3 contracts
Sources: Security Agreement (TherapeuticsMD, Inc.), Security Agreement (TherapeuticsMD, Inc.), Security Agreement (TherapeuticsMD, Inc.)