Depositor Authorized to File Financing Statements Clause Samples
The "Depositor Authorized to File Financing Statements" clause grants the depositor the explicit right to prepare and file financing statements related to the collateral or assets covered by the agreement. In practice, this means the depositor can submit the necessary documentation to public records, such as a UCC-1 financing statement, to perfect a security interest and establish priority over other creditors. This clause ensures that the depositor can protect its interests in the collateral without needing further consent from other parties, thereby reducing administrative delays and clarifying the depositor's authority in securing its rights.
Depositor Authorized to File Financing Statements. The Sponsor authorizes the Depositor to file financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices as the Depositor may determine are necessary or advisable to perfect the Depositor’s interest in the Purchased Property. The financing and continuation statements may describe the Purchased Property as the Depositor may reasonably determine to perfect the Depositor’s interest in the Purchased Property. The Depositor will promptly deliver to the Sponsor file-stamped copies of, or filing receipts for, any financing statement, continuation statement and amendment to a previously filed financing statement.
Depositor Authorized to File Financing Statements. Each Originator authorizes the Depositor to file financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices as the Depositor may determine are necessary or advisable to perfect the Depositor’s interest in the Originator Transferred Property. The financing and continuation statements may describe the Originator Transferred Property as the Depositor may reasonably determine to perfect the Depositor’s interest in the Originator Transferred Property.
Depositor Authorized to File Financing Statements. The Master Trust authorizes the Depositor to file financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices as the Depositor may determine are necessary or advisable to perfect the Depositor’s interest in the Master Trust Transferred Property. The financing and continuation statements may describe the Master Trust Transferred Property as the Depositor may reasonably determine to perfect the Depositor’s interest in the Master Trust Transferred Property.
Depositor Authorized to File Financing Statements. The Additional Transferor authorizes the Depositor to file financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices as the Depositor may determine are necessary or advisable to perfect the Depositor’s interest in the Additional Transferor Transferred Property. The financing and continuation statements may describe the Additional Transferor Transferred Property as the Depositor may reasonably determine to perfect the Depositor’s interest in the Additional Transferor Transferred Property.
Depositor Authorized to File Financing Statements. VZMT authorizes the Depositor to file financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices as the Depositor may determine are necessary or advisable to perfect the Depositor’s interest in the VZMT Transferred Property. The financing and continuation statements may describe the VZMT Transferred Property as the Depositor may reasonably determine to perfect the Depositor’s interest in the VZMT Transferred Property.