Common use of Perfection of Interest Clause in Contracts

Perfection of Interest. Grantor agrees to take all actions requested by Lender to perfect and continue Lender’s security interest in the Collateral. Upon request of Lender, Grantor will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Grantor will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. In particular, Grantor will perform, or will cause to be performed, upon Lender’s request, each and all of the following: a. Record, register and file this Agreement, together with such notices, financing statements or other documents or instruments as Lender may request from time to time to carry out fully the intent of this Agreement, with the International Registry and any applicable national aviation authority (for example, the FAA if ownership and interests are subject to registration in the U.S.A.), either concurrent with the delivery and acceptance of the Collateral or promptly after the execution and delivery of this Agreement; b. Furnish to Lender evidence of every such recording, registering, and filing; c. Execute and deliver or perform any and all acts and things which may be reasonably requested by Lender with respect to complying with or remaining subject to the Applicable Laws;

Appears in 1 contract

Sources: Trustee Aircraft Security Agreement (Air T Inc)

Perfection of Interest. Grantor ▇▇▇▇▇▇▇ agrees to take all actions requested by Lender ▇▇▇▇▇▇ to perfect and continue Lender’s ▇▇▇▇▇▇'s security interest in the Collateral. Upon request of Lender▇▇▇▇▇▇, Grantor will deliver to Lender any and all of the documents evidencing or constituting the Collateral, Collateral and Grantor will note Lender’s ▇▇▇▇▇▇'s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender▇▇▇▇▇▇. In particular, Grantor will perform, or will cause to be performed, upon Lender’s ▇▇▇▇▇▇'s request, each and all of the following: a. Record, register and file this Agreement, together with such notices, financing statements or other documents or instruments as Lender may request from time to time to carry out fully the intent of this Agreement, with the International Registry and any applicable national aviation authority (for example, the FAA if ownership and interests are subject to registration in the U.S.A.), either concurrent with the delivery and acceptance of the Collateral or promptly after the execution and delivery of this Agreement; b. Furnish to Lender evidence of every such recording, registering, and filing; c. Execute and deliver or perform any and all acts and things which may be reasonably requested by Lender ▇▇▇▇▇▇ with respect to complying with or remaining subject to the Applicable Laws;

Appears in 1 contract

Sources: Trustee Aircraft Security Agreement (Air T Inc)