Common use of Defense of Title and Further Assurances Clause in Contracts

Defense of Title and Further Assurances. At its expense, the Borrower shall defend the title to the Collateral (or any part thereof), and promptly upon request by the Bank execute, acknowledge and deliver any financing statement, renewal, affidavit, deed, assignment, continua­tion statement, security agreement, security interest filing statement, certifi­cate or other document the Bank may require in order to per­fect, preserve, maintain, contin­ue, protect and/or extend any lien or security interest granted to the Bank under this Agreement or under any of the other Loan Documents and the priority of any such lien or security interest. The Borrower shall from time to time do whatever the Bank may request by way of obtaining, executing, delivering and/or filing finan­cing statements, security interest filing statements, landlords' or mortgagees' waivers, written acknowledgments from any third party holding all or any portion of the Collateral that it does so for the Bank's benefit and any control agreements with respect to any Investment Property, Letter-of-Credit Rights, Deposit Accounts or electronic Chattel Paper, and other notices, amendments and renewals thereof, and the Borrower shall take any and all steps and observe such formalities as the Bank may request, in order to create and maintain a valid first-priority lien on, and security interest in, the Collateral. The Borrower shall pay to the Bank on demand all taxes, costs and expenses incurred by the Bank in connection with the prepara­tion, execu­tion, recording and filing of any such document or instru­ment. The Borrower agrees that a copy of a fully executed financing statement shall be sufficient to satisfy for all purposes the requirements of a financing statement as set forth in Article 9 of the applicable Uniform Commercial Code.

Defense of Title and Further Assurances. At its expense, the Borrower shall defend the title to the Collateral (or any part thereof), and promptly upon request by the Bank Lender execute, acknowledge and deliver any financing statement, renewal, affidavit, deed, assignment, continua­tion continuation statement, security agreement, security interest filing statement, certifi­cate certificate or other document the Bank Lender may require in order to per­fectperfect, preserve, maintain, contin­uecontinue, protect and/or extend any lien or security interest granted to the Bank Lender under this Agreement or under any of the other Loan Documents and the priority of any such lien or security interest. The Borrower shall from time to time do whatever the Bank Lender may reasonably request by way of obtaining, executing, delivering and/or filing finan­cing financing statements, security interest filing statements, landlords' or mortgagees' waivers, written acknowledgments from any third party holding all or any portion of the Collateral that it does so for the BankLender's benefit and any control agreements with respect to any Investment Property, Letter-of-Credit Letter‑of‑Credit Rights, Deposit Accounts or electronic Chattel Paper, and other notices, amendments and renewals thereof, and the Borrower shall take any and all steps and observe such formalities as the Bank Lender may request, in order to create and maintain a valid first-priority first‑priority lien on, and security interest in, the Collateral. The Borrower shall pay to the Bank on demand all taxes, costs and expenses incurred by the Bank in connection with the prepara­tion, execu­tion, recording and filing of any such document or instru­ment. The Borrower agrees that a copy of a fully executed financing statement loan and security agreement shall be sufficient to satisfy for all purposes the requirements of a financing statement as set forth in Article 9 of the applicable Uniform Commercial Code.