Common use of Continuing Perfection Clause in Contracts

Continuing Perfection. Borrower will perform any and all steps requested by Bank to create and maintain in Bank's favor the lien positions called for hereunder and a security interest in the Collateral or pledges of Collateral, including, without limitation, the execution, delivery, filing and recording of financing statements and continuation statements, supplemental security agreements, notes and any other documents necessary, in the opinion of Bank, to protect its interest in the Collateral. Bank and its designated officer are hereby appointed Borrower's attorney-in-fact to do all acts and things which Bank may deem necessary to perfect and to continue the perfected security interests and liens provided for in this Agreement, including, but not limited to, executing financing statements on behalf of the Borrower.

Continuing Perfection. The Borrower will perform any and all steps requested by Bank to create and maintain in the Bank's favor the a valid lien positions called for hereunder and a on or security interest in the Collateral or pledges of Collateral, including, without limitation, the execution, delivery, filing and recording execution and/or delivery of financing statements and continuation statements, supplemental security agreementsmortgages, notes and any other documents necessary, in the opinion of the Bank, to protect its interest in the Collateral, the Bank having the responsibility to file any such financing statements and continuation statements. The Bank and its designated officer are hereby appointed the Borrower's attorney-in-fact to do all acts and things which the Bank may deem necessary to perfect and to continue preserve the perfected security interests and liens provided for in this Agreement, including, but not limited to, executing preparing and filing financing statements on behalf of the BorrowerBorrower if Borrower fails to do so upon the request of the Bank.