Common use of Authorized Action by Secured Party Clause in Contracts

Authorized Action by Secured Party. Debtor hereby authorizes Secured Party to, at Secured Party's sole option and without any obligation to do so, and regardless of whether the Collateral is in its possession: File or record any document necessary or convenient to perfect, continue, amend or terminate the security interest created under this Agreement, including, without limitation, any financing statements, including amendments, authorized to be filed under the Idaho Commercial Code or any comparable law in any jurisdiction. Debtor hereby ratifies any documents previously filed or recorded by Secured Party regarding the Collateral, including, without limitation, any and all previously filed financing statements; Enter Debtor's property to inspect the Collateral at any reasonable time, provided that Secured Party gives Debtor notice within two business days of any inspection; however, no notice shall be required for any entry by Secured Party in connection with exercise of any available remedy upon breach of this Agreement; and Pay any costs reasonably necessary to obtain, preserve, maintain, defend and enforce the security interest created under this Agreement, and pay any amounts reasonably necessary to discharge encumbrances, maintain adequate insurance coverage and maintain compliance with applicable laws and ordinances affecting the Collateral, including, without limitation, the payment of taxes, assessments, and other charges required by law or contract, reasonable attorney fees and legal expenses and expenses associated with sale, repair or storage of all or any of the Collateral. ▇▇▇▇▇▇ agrees to reimburse Secured Party on demand for any such payments made or costs incurred by Secured Party and that such reimbursement obligation shall be a part of the Obligations.

Authorized Action by Secured Party. Debtor hereby authorizes Secured Party to, at Secured Party's sole option and without any obligation to do so, and regardless of whether the Collateral is in its possession: File or record any document necessary or convenient to perfect, continue, amend or terminate the security interest created under this Agreement, including, without limitation, any financing statements, including amendments, authorized to be filed under the Idaho California Commercial Code or any comparable law in any jurisdiction. Debtor hereby ratifies any documents previously filed or recorded by Secured Party regarding the Collateral, including, without limitation, any and all previously filed financing statements; Enter Debtor's property to inspect the Collateral at any reasonable time, provided that Secured Party gives Debtor notice within two business days of any inspection; however, no notice shall be required for any entry by Secured Party in connection with exercise of any available remedy upon breach of this Agreement; and Pay any costs reasonably necessary to obtain, preserve, maintain, defend and enforce the security interest created under this Agreement, and pay any amounts reasonably necessary to discharge encumbrances, maintain adequate insurance coverage and maintain compliance with applicable laws and ordinances affecting the Collateral, including, without limitation, the payment of taxes, assessments, and other charges required by law or contract, reasonable attorney fees and legal expenses and expenses associated with sale, repair or storage of all or any of the Collateral. ▇▇▇▇▇▇ agrees to reimburse Secured Party on demand for any such payments made or costs incurred by Secured Party and that such reimbursement obligation shall be a part of the Obligations.

Authorized Action by Secured Party. Debtor hereby authorizes Secured Party to, at Secured Party's sole option and without any obligation to do so, and regardless of whether the Collateral is in its possession: File or record any document necessary or convenient to perfect, continue, amend or terminate the security interest created under this Agreement, including, without limitation, any financing statements, including amendments, authorized to be filed under the Idaho Wisconsin Commercial Code or any comparable law in any jurisdiction. Debtor hereby ratifies any documents previously filed or recorded by Secured Party regarding the Collateral, including, without limitation, any and all previously filed financing statements; Enter Debtor's property to inspect the Collateral at any reasonable time, provided that Secured Party gives Debtor notice within two business days of any inspection; however, no notice shall be required for any entry by Secured Party in connection with exercise of any available remedy upon breach of this Agreement; and Pay any costs reasonably necessary to obtain, preserve, maintain, defend and enforce the security interest created under this Agreement, and pay any amounts reasonably necessary to discharge encumbrances, maintain adequate insurance coverage and maintain compliance with applicable laws and ordinances affecting the Collateral, including, without limitation, the payment of taxes, assessments, and other charges required by law or contract, reasonable attorney fees and legal expenses and expenses associated with sale, repair or storage of all or any of the Collateral. ▇▇▇▇▇▇ agrees to reimburse Secured Party on demand for any such payments made or costs incurred by Secured Party and that such reimbursement obligation shall be a part of the Obligations.