Financing Statements Filed Against Lessees Sample Clauses

The "Financing Statements Filed Against Lessees" clause defines the rules and restrictions regarding the filing of financing statements by third parties against the lessee's interest in leased property. Typically, this clause prohibits lessees from allowing any financing statements or liens to be filed that could affect the lessor's ownership or interest in the leased assets. For example, if a lessee takes out a loan and the lender attempts to file a security interest in the leased equipment, this clause would require the lessee to prevent or promptly remove such filings. The core function of this clause is to protect the lessor's rights and ensure that the leased property remains free from encumbrances that could complicate ownership or repossession.
Financing Statements Filed Against Lessees. Except in the case of Leases of Equipment having an aggregate Invoice Price less than Thirty-five Thousand Dollars ($35,000.00), evidence of electronic filing receipts, a search report (from Dun and Bradstreet or comparable reporting entity) confirming the existence or copies (any of such documentation with filing numbers and filing dates) of duly executed and filed Uniform Commercial Code financing statements on form UCC-1 naming TSFC as secured party and the Lessees under the Leases to be financed on the Closing Date as debtors, identifying as collateral the Equipment subject to such Leases.
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Financing Statements Filed Against Lessees. Except in the case of Leases of Equipment having an aggregate Invoice Price less than $15,000, copies of duly executed and filed Uniform Commercial Code financing statements on form UCC-▇ (or, in Louisiana, a document with similar effect) naming SPE as secured party and the Lessees under the Leases to be financed on the Closing Date as debtors, identifying as collateral the Equipment subject to such Leases together with all accessions, replacements, parts, additions and substitutions thereto and therefor, whether then owned or after acquired, and all upgrades, add-ons and additions thereto and therefor. SBCC shall have the right at any time (which right is coupled with an interest and a power of appointment) to act as SPE's and/'s attorney in fact to execute UCC-▇, ▇▇▇-▇, or UCC-3 financial statements on behalf of SPE for the purpose of filing and/or assigning said financing statements to SBCC and perfecting SBCC's security interest in the Equipment, provided SBCC bear all costs and expenses incurred with the filing of such UCC Statements;
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Financing Statements Filed Against Lessees. Evidence of electronic filing receipts, a search report (from Dun and Bradstreet or comparable reporting entity) confirming the existence or copies (any of such documentation with filing numbers and filing dates) of duly executed and filed Uniform Commercial Code financing statements on Form UCC-1 naming TSFC as secured party and the Lessees under the Leases to be financed on the Closing Date as debtors, identifying as collateral the Equipment subject to such Leases, and Lender as assignee thereon;
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Financing Statements Filed Against Lessees. Either evidence of electronic filing receipts, a search report from Dun & Bradstreet listing, among other things, filing numbers and filing dates or copy of duly executed and filed Uniform Commercial Code financing statements on form UCC-1 naming TSFC as secured party and the Lessees under the Leases to be financed on the Closing Date as debtors, identifying as collateral the Equipment subject to such Leases.
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Related to Financing Statements Filed Against Lessees

  • Authorization to File Financing Statements Borrower hereby authorizes Bank to file financing statements, without notice to Borrower, with all appropriate jurisdictions to perfect or protect Bank’s interest or rights hereunder, including a notice that any disposition of the Collateral, by either Borrower or any other Person, shall be deemed to violate the rights of Bank under the Code. Such financing statements may indicate the Collateral as “all assets of the Debtor” or words of similar effect, or as being of an equal or lesser scope, or with greater detail, all in Bank’s discretion.

  • Authorization to File Financing Statements; Ratification Such Grantor hereby authorizes the Collateral Agent to file, and if requested will deliver to the Collateral Agent, all financing statements and other documents and take such other actions as may from time to time be requested by the Collateral Agent in order to maintain a first priority perfected security interest in and, if applicable, Control of, the Collateral owned by such Grantor. Any financing statement filed by the Collateral Agent may be filed in any filing office in any UCC jurisdiction and may (i) indicate such Grantor’s Collateral (1) as all assets of the Grantor or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC or such jurisdiction, or (2) by any other description which reasonably approximates the description contained in this Security Agreement, and (ii) contain any other information required by part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any financing statement or amendment, including (A) whether such Grantor is an organization, the type of organization and any organization identification number issued to such Grantor, and (B) in the case of a financing statement filed as a fixture filing or indicating such Grantor’s Collateral as as-extracted collateral or timber to be cut, a sufficient description of real Property to which the Collateral relates. Such Grantor also agrees to furnish any such information to the Collateral Agent promptly upon request. Such Grantor also ratifies its authorization for the Collateral Agent to have filed in any UCC jurisdiction any initial financing statements or amendments thereto if filed prior to the date hereof.

  • UCC Filings If the related Mortgaged Property is operated as a hospitality property, Seller has filed and/or recorded or caused to be filed and/or recorded (or, if not filed and/or recorded, has submitted or caused to be submitted in proper form for filing and/or recording), UCC financing statements in the appropriate public filing and/or recording offices necessary at the time of the origination of the Mortgage Loan to perfect a valid security interest in all items of physical personal property reasonably necessary to operate such Mortgaged Property owned by such Mortgagor and located on the related Mortgaged Property (other than any non-material personal property, any personal property subject to a purchase money security interest, a sale and leaseback financing arrangement as permitted under the terms of the related Mortgage Loan documents or any other personal property leases applicable to such personal property), to the extent perfection may be effected pursuant to applicable law by recording or filing, as the case may be. Subject to the Standard Qualifications, each related Mortgage (or equivalent document) creates a valid and enforceable lien and security interest on the items of personalty described above. No representation is made as to the perfection of any security interest in rents or other personal property to the extent that possession or control of such items or actions other than the filing of UCC financing statements are required in order to effect such perfection.

  • Authorization of Financing Statements Each Grantor authorizes the Administrative Agent and its Affiliates, counsel and other representatives, at any time and from time to time, to file or record financing statements, amendments to financing statements, and other filing or recording documents or instruments with respect to the Collateral in such form and in such offices as the Administrative Agent reasonably determines appropriate to perfect the security interests of the Administrative Agent under this Agreement, and such financing statements and amendments may described the Collateral covered thereby as “all assets of the debtor”, “all personal property of the debtor” or words of similar effect. Each Grantor hereby also authorizes the Administrative Agent and its Affiliates, counsel and other representatives, at any time and from time to time, to file continuation statements with respect to previously filed financing statements. A photographic or other reproduction of this Agreement shall be sufficient as a financing statement or other filing or recording document or instrument for filing or recording in any jurisdiction.

  • No Financing Statements No financing statement describing all or any portion of the Collateral which has not lapsed or been terminated naming the Debtor as debtor has been filed in any jurisdiction except (i) financing statements naming the Agent on behalf of the Lenders as the secured party and (ii) on financing statements reflecting liens permitted by the Credit Agreement.