Common use of Perfecting Security Interest Clause in Contracts

Perfecting Security Interest. The Debtor agrees to perform any and all steps requested by the Secured Party to perfect the security interest granted herein by way of filing notices of lien, financing statements, control agreements continuation statements or amendments thereto, and grants to the Secured Party the right to file any of the above in which a debtor’s signature is required under the Code. Where Collateral or any of the proceeds thereof are in the hands of third parties, agents or custodians of the Debtor, it shall, after default and on the Secured Party’s request, notify such third parties, agents or custodians of the Secured Party’s security interest therein, and instruct them to hold the same for Secured Party’s account and subject to Secured Party’s instructions.

Perfecting Security Interest. The Debtor agrees to perform any and all steps requested by the Secured Party to perfect the security interest granted herein by way of filing notices of lien, financing statements, control agreements continuation statements or amendments thereto, and grants to the Secured Party the right to file any of the above in which a debtor’s 's signature is required under the Code. Where Collateral or any of the proceeds thereof are in the hands of third parties, agents or custodians of the Debtor, it shall, after default and on the Secured Party’s 's request, notify such third parties, agents or custodians of the Secured Party’s 's security interest therein, and instruct them to hold the same for Secured Party’s 's account and subject to Secured Party’s 's instructions.