Common use of Certificates of Title Clause in Contracts

Certificates of Title. To the extent that there is at any time any Collateral in which a security interest may be perfected by a notation on the certificate of title or similar evidence of ownership of such Collateral, Debtor will: (i) concurrently with the execution hereof, with respect to any items of such Collateral with a book value in excess of $25,000 in which Debtor presently has any interest, (ii) promptly after the acquisition thereof, with respect to any items of such Collateral with a book value in excess of $25,000 in which Debtor hereafter acquires any interest, and (iii) promptly upon request by Secured Party, with respect to any other items of such Collateral, deliver to Secured Party all such certificates of title and similar evidences of ownership, all applications therefor, and all other documents needed or helpful in registering Secured Party's security interest in such Collateral on such certificates of title, other evidences of ownership, and applications and in otherwise perfecting Secured Party's security interest in such Collateral.

Certificates of Title. To the extent that there is at any time any Collateral in which a security interest may be perfected by a notation on the certificate of title or similar evidence of ownership of such Collateral, each Debtor will: (i) concurrently with the execution hereof, with respect to any items of such Collateral with a book value in excess of $25,000 50,000 in which such Debtor presently has any interest, (ii) promptly after the acquisition thereof, with respect to any items of such Collateral with a book value in excess of $25,000 50,000 in which such Debtor hereafter acquires any interest, and (iii) promptly upon request by Secured Party, with respect to any other items of such Collateral, deliver to Secured Party all such certificates of title and similar evidences of ownership, all applications therefor, and all other documents needed or helpful in registering Secured Party's security interest in such Collateral on such certificates of title, other evidences of ownership, and applications and in otherwise perfecting Secured Party's security interest in such Collateral.

Certificates of Title. To the extent that there is at any time any Collateral in which a security interest may be perfected by a notation on the certificate of title or similar evidence of ownership of such Collateral, Debtor will: (i) concurrently with the execution hereof, with respect to any items of such Collateral with a book value in excess of $25,000 50,000 in which Debtor presently has any interest, (ii) promptly after the acquisition thereof, with respect to any items of such Collateral with a book value in excess of $25,000 50,000 in which Debtor hereafter acquires any interest, and (iii) promptly upon request by Secured Party, with respect to any other items of such Collateral, deliver to Secured Party all such certificates of title and similar evidences of ownership, all applications therefor, and all other documents needed or helpful in registering Secured Party's security interest in such Collateral on such certificates of title, other evidences of ownership, and applications and in otherwise perfecting Secured Party's security interest in such Collateral.