Common use of Assurance of Title Clause in Contracts

Assurance of Title. Contractor shall cooperate with and assist Company in connection with establishing and maintaining Company’s (a) title to Company Property, and (b) priority of ownership interest in and to Company Property as against claims of secured and unsecured creditors of Contractor. Contractor shall be obligated to execute all UCC financing statements and assist in the filing thereof. Contractor further shall assist Company in fulfilling any and all notice requirements for the purpose of Company maintaining its priority ownership interest in and to Company Property.