Common use of Perfection and Protection of Security Interest Clause in Contracts

Perfection and Protection of Security Interest. Borrower shall, at its expense, take all actions at any time to perfect, maintain, protect and enforce CB&T's security interest and other rights in the Collateral and the priority thereof from time to time, including, without limitation, (i) executing and filing financing or continuation statements and amendments thereof and executing and delivering such documents and titles in connection with motor vehicles as CB&T shall require, all in form and substance satisfactory to CB&T, (ii) if requested by CB&T, delivering to CB&T warehouse receipts covering any portion of the Collateral located in warehouses and for which warehouse receipts are issued, (iii) if requested by CB&T, placing notations on Borrower's books of account to disclose CB&T's security interest therein, and (iv) if requested by CB&T, delivering to CB&T all letters of credit on which Borrower is named beneficiary and (v) if requested by CB&T, with respect to any Customer who is in default of its obligations under the Customer Loan Documents, assigning to CB&T all UCC financing statements, fixture filings, mortgages, trust deeds and all other evidences of security interests or assignments filed in any public record against any Customer Loan Collateral of such Customer or any other asset of such Customer, Customer Obligors or other account debtors and delivering to the possession of CB&T all original loan agreements, promissory notes, stock certificates and all other chattel paper and instruments. CB&T may file, without Borrower's signature, one or more financing statements disclosing CB&T's security interest under this Agreement. Borrower agrees that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall notify such Person of CB&T's security interest in such Collateral and, upon CB&T's request, instruct them to hold all such Collateral for CB&T's account subject to CB&T's

Perfection and Protection of Security Interest. Borrower shall, at its expense, take all actions requested by TEXTRON at any time to perfect, maintain, protect and enforce CB&TTEXTTRON's security interest and other rights in the Collateral and the priority thereof from time to time, including, without limitation, (i) executing and filing financing or continuation statements and amendments thereof and executing and delivering such documents and titles in connection with motor vehicles as CB&T TEXTRON shall require, all in form and substance satisfactory to CB&TTEXTRON, (ii) if requested by CB&Tmaintaining a perpetual inventory and complete and accurate inventory stock records, (iii) delivering to CB&T TEXTRON warehouse receipts covering any portion of the Collateral located in warehouses and for which warehouse receipts are issued, and transferring Inventory to warehouses designated by TEXTRON, (iiiiv) if requested by CB&T, placing notations on Borrower's books of account to disclose CB&TTEXTRON's security interest therein, and (ivv) if requested by CB&T, delivering to CB&T TEXTRON all letters of credit on which Borrower is named beneficiary and (v) if requested by CB&T, with respect to any Customer who is in default of its obligations under the Customer Loan Documents, assigning to CB&T all UCC financing statements, fixture filings, mortgages, trust deeds and all other evidences of security interests or assignments filed in any public record against any Customer Loan Collateral of such Customer or any other asset of such Customer, Customer Obligors or other account debtors and delivering to the possession of CB&T all original loan agreements, promissory notes, stock certificates and all other chattel paper and instrumentsbeneficiary. CB&T TEXTRON may file, without Borrower's signature, one or more financing statements disclosing CB&TTEXTRON's security interest under this Agreement. Borrower agrees that a carbon, photographic, photostatic photostat or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall notify such Person of CB&TTEXTRON's security interest in such Collateral and, upon CB&TTEXTRON's request, instruct them to hold all such Collateral for CB&TTEXTRON's account subject to CB&T'sTEXTRON's instructions. From time to time, Borrower shall, upon TEXTRON's request, execute and deliver confirmatory written instruments pledging the Collateral to TEXTRON, but Borrower's failure to do so shall not affect or limit TEXTRON's security interest or other rights in and to the Collateral. Until the Obligations have been fully satisfied and TEXTRON's obligation to make further advances hereunder has terminated, TEXTRON's security interest in the Collateral shall continue in full force and effect.

Perfection and Protection of Security Interest. Borrower shall, at its ------------------------------------------------- expense, take all actions requested by FINOVA at any time to perfect, maintain, protect and enforce CB&TFINOVA's security interest and other rights in the Collateral and the priority thereof from time to time, including, without limitation, (i) executing and filing financing or continuation statements and amendments thereof and executing and delivering such documents and titles in connection with motor vehicles as CB&T FINOVA shall require, all in form and substance satisfactory to CB&TFINOVA, (ii) if requested by CB&Tmaintaining a perpetual inventory reporting system and complete and accurate stock records, (iii) delivering to CB&T FINOVA warehouse receipts covering any portion of the Collateral located in warehouses and for which warehouse receipts are issued, and, after an Event of Default, transferring Inventory to warehouses designated by FINOVA, (iiiiv) if requested by CB&T, placing notations on Borrower's books of account to disclose CB&TFINOVA's security interest therein, and (ivv) if requested by CB&T, delivering to CB&T FINOVA all letters of credit on which Borrower is named beneficiary and (v) if requested by CB&T, with respect to any Customer who is in default of its obligations under the Customer Loan Documents, assigning to CB&T all UCC financing statements, fixture filings, mortgages, trust deeds and all other evidences of security interests or assignments filed in any public record against any Customer Loan Collateral of such Customer or any other asset of such Customer, Customer Obligors or other account debtors and delivering to the possession of CB&T all original loan agreements, promissory notes, stock certificates and all other chattel paper and instrumentsbeneficiary. CB&T FINOVA may file, without Borrower's signature, one or more financing statements disclosing CB&TFINOVA's security interest under this Agreement. Borrower agrees that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall notify such Person of CB&TFINOVA's security interest in such Collateral and, upon CB&TFINOVA's request, instruct them to hold all such Collateral for CB&TFINOVA's account subject to CB&T'sFINOVA's instructions. From time to time, Borrower shall, upon FINOVA's request, execute and deliver confirmatory written instruments pledging the Collateral to FINOVA, but Borrower's failure to do so shall not affect or limit FINOVA's security interest or other rights in and to the Collateral. Until the Obligations have been fully satisfied and FINOVA's obligation to make further advances hereunder has terminated, FINOVA's security interest in the Collateral shall continue in full force and effect.

Perfection and Protection of Security Interest. Borrower shall, at its expense, take all reasonable actions requested by FINOVA at any time to perfect, maintain, protect and enforce CB&TFINOVA's first priority security interest and other rights in the Collateral and the priority thereof from time to time, including, without limitation, (i) executing and filing financing or continuation statements and amendments thereof and executing and delivering such documents and titles in connection with motor vehicles as CB&T FINOVA shall require, all in form and substance satisfactory to CB&TFINOVA, (ii) if requested by CB&Tmaintaining a perpetual inventory and complete and accurate stock records, (iii) delivering to CB&T FINOVA warehouse receipts covering any portion of the Collateral located in warehouses and for which warehouse receipts are issued, and transferring Inventory to warehouses designated by FINOVA, (iiiiv) if requested by CB&T, placing notations on Borrower's books of account to disclose CB&TFINOVA's security interest therein, therein and (ivv) if requested by CB&T, delivering to CB&T FINOVA all letters of credit on which Borrower is named beneficiary and (v) if requested by CB&T, with respect to any Customer who is in default of its obligations under the Customer Loan Documents, assigning to CB&T all UCC financing statements, fixture filings, mortgages, trust deeds and all other evidences of security interests or assignments filed in any public record against any Customer Loan Collateral of such Customer or any other asset of such Customer, Customer Obligors or other account debtors and delivering to the possession of CB&T all original loan agreements, promissory notes, stock certificates and all other chattel paper and instrumentsbeneficiary. CB&T FINOVA may file, without Borrower's signature, one or more financing statements disclosing CB&TFINOVA's security interest under this Agreement. Borrower agrees that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall notify such Person of CB&TFINOVA's security interest in such Collateral and, upon CB&TFINOVA's request, instruct them to hold all such Collateral for CB&TFINOVA's account subject to CB&T'sFINOVA's instructions. From time to time, Borrower shall, upon FINOVA's request, execute and deliver confirmatory written instruments pledging the Collateral to FINOVA, but Borrower's failure to do so shall not affect or limit FINOVA's security interest or other rights in and to the Collateral. Until the Obligations have been fully satisfied and FINOVA's obligation to make further advances hereunder has terminated, FINOVA's security interest in the Collateral shall continue in full force and effect.

Perfection and Protection of Security Interest. Borrower shall, at its expense, take all actions requested by TEXTRON at any time to perfect, maintain, protect and enforce CB&TTEXTRON's security interest and other rights in the Collateral and the priority thereof from time to time, including, without limitation, (i) executing and filing financing or continuation statements and amendments thereof and executing and delivering such documents and titles in connection with motor vehicles as CB&T TEXTRON shall require, all in form and substance satisfactory to CB&TTEXTRON, (ii) if requested by CB&Tmaintaining a perpetual inventory and complete and accurate inventory stock records, (iii) delivering to CB&T TEXTRON warehouse receipts covering any portion of the Collateral located in warehouses and for which warehouse receipts are issued, and transferring Inventory to warehouses designated by TEXTRON, (iiiiv) if requested by CB&T, placing notations on Borrower's books of account to disclose CB&TTEXTRON's security interest therein, and (ivv) if requested by CB&T, delivering to CB&T TEXTRON all letters of credit on which Borrower is named beneficiary and (v) if requested by CB&T, with respect to any Customer who is in default of its obligations under the Customer Loan Documents, assigning to CB&T all UCC financing statements, fixture filings, mortgages, trust deeds and all other evidences of security interests or assignments filed in any public record against any Customer Loan Collateral of such Customer or any other asset of such Customer, Customer Obligors or other account debtors and delivering to the possession of CB&T all original loan agreements, promissory notes, stock certificates and all other chattel paper and instrumentsbeneficiary. CB&T TEXTRON may file, without Borrower's signature, one or more financing statements disclosing CB&TTEXTRON's security interest under this Agreement. Borrower agrees that a carbon, photographic, photostatic photostat or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement. If any Collateral is at any time in the possession or control of any warehouseman, bailee or any of Borrower's agents or processors, Borrower shall notify such Person of CB&TTEXTRON's security interest in such Collateral and, upon CB&TTEXTRON's request, instruct them to hold all such Collateral for CB&TTEXTRON's account subject to CB&T'sTEXTRON's instructions. From time to time, Borrower shall, upon TEXTRON's request, execute and deliver confirmatory written instruments pledging the Collateral to TEXTRON, but Borrower's failure to do so shall not affect or limit TEXTRON's security interest or other rights in and to the Collateral. Until the Obligations have been fully satisfied and TEXTRON's obligation to make further advances hereunder has terminated, TEXTRON's security interest in the Collateral shall continue in full force and effect.