Common use of Lien Documents Clause in Contracts

Lien Documents. Secured Party is hereby authorized to, and hereby authorizes Company to, file financing statements and amendments to financing statements without any Grantor's signature in accordance with the Uniform Commercial Code as in effect in the State of Delaware from time to time (the "UCC") limiting the Collateral described therein to "cash due to each Grantor from the distributions of ABFS Warehouse Trust 2003-1, a Delaware statutory trust, under the Amended and Restated Trust Agreement, dated October 14, 2003, governing ABFS Warehouse Trust 2003-1 (the "Trust Agreement") attributable to the IOS (as defined in the Trust Agreement), which each Grantor receives from time to time". Each Grantor agrees to comply with the requirements of all state and federal laws and requests of Secured Party in order for Secured Party to have and maintain a valid and perfected first security interest in the Collateral.