Common use of Perfection of Security Interests Clause in Contracts

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 16 contracts

Sources: Business Loan Agreement (Torotel Inc), Business Loan Agreement (Asset Based) (Ocean Bio Chem Inc), Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 11 contracts

Sources: Business Loan Agreement (Asset Based) (Better Choice Co Inc.), Business Loan Agreement (Asset Based) (Addvantage Technologies Group Inc), Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 10 contracts

Sources: Loan Agreement (Balance Bar Co), Loan Agreement (Credit Concepts Inc), Loan Agreement (Autoweb Com Inc)

Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 4 contracts

Sources: Business Loan Agreement (Pinnacle Data Systems Inc), Business Loan Agreement (Asset Based) (Sterion Inc), Business Loan Agreement (Flotek Industries Inc/Cn/)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, Collateral and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 2 contracts

Sources: Loan Agreement (PDS Financial Corp), Loan Agreement (PDS Financial Corp)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest Interests and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of the Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact fac for the purpose of executing any documents necessary to perfect perfect, or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 2 contracts

Sources: Business Loan Agreement (Asset Based) (TSS, Inc.), Business Loan Agreement (Asset Based) (TSS, Inc.)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interestinterest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 2 contracts

Sources: Loan Agreement (SHC Corp), Loan Agreement (PDS Financial Corp)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Collateral described in Exhibit A. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. In the event Borrower fails or refuses to comply with Lender's written request therefor, Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement executed by Borrower for use as a financing statement. Borrower will reimburse Lender for all reasonable expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral's Security Interest. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s Social Security Number or 's Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.entity (b)

Appears in 1 contract

Sources: Loan Agreement (Phillips R H Inc)

Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Lenders security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Husker Ag Processing LLC)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s Lenders Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file fib such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s Lenders security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Motor Cargo Industries Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if it not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Elecsys Corp)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not riot delivered to Lender for possession by Lender. Lender Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender Lender, as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.. BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No: 0000011001 (Continued) Page 3 ================================================================================

Appears in 1 contract

Sources: Business Loan Agreement (Marketing Worldwide Corp)

Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon Upo7 request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will will, note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Lender Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance 's principal.governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Naco Industries Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting consulting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interestinterest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Cutter & Buck Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest exclude such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest 's Interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Novadigm Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments Collateral if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security InterestInterest in the Collateral. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest 's Security Interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed fictitious business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Eco Soil Systems Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral and agrees to deliver possession to Lender of all property included in the Collateral for which possession by Lender is necessary to perfect and continue Lender's Security Interests. Lender acknowledges and agrees that delivery of certificates of title to motor vehicles in which a security interest has been granted as security for the payment of Borrower's Chattel Paper are not necessary by law to perfect and continue Lender's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest 's Security Interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s Social Security Number or 's Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance 's chief executive office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Search Financial Services Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, facsimile or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names name of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (CyDex Pharmaceuticals, Inc.)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may may, at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also will promptly will notify Lender before of any change in Borrower’s Social Security Number or 's Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Scientific Software Intercomp Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of at the documents evidencing or constituting the Collateral, Collateral and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file tile such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to ta continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest execute, and cause each Subsidiary to execute, such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver shall deliver, and cause each Subsidiary to deliver, to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments Accounts if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute execute, and cause each Subsidiary to execute, one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any name change in Borrower’s name of Borrower or any of the Subsidiaries including any change to the assumed business names of BorrowerBorrower or any of the Subsidiaries. Borrower also promptly will notify Lender before of any change in Borrower’s the Social Security Number or Employer Identification NumberNumber of Borrower or any of the Subsidiaries. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance any office of Borrower or any of the Subsidiaries or should Borrower or any of the Subsidiaries merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Rankin Automotive Group Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest 's Security Interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Transcrypt International Inc)

Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest 's Interest upon any and all chattel paper and instruments if Instruments If not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in In the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable Its Irrevocable attorney-in-fact --In-4act for the purpose of executing any documents necessary to perfect or to continue any Security Interestinterest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest Interest in the Collateral. Borrower promptly will notify Lender before any change in In Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in In Borrower’s 's Social Security Number or Employer Identification identification Number. Borrower further agrees to notify Lender in In writing prior to any change in In address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Obsidian Enterprises Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity. Collateral Records. Borrower does now, and at all times hereafter shall, keep correct and accurate records of the Collateral, all of which records shall be available to Lender or Lender’s representative upon demand for inspection and copying at any reasonable time. With respect to the Accounts, Borrower agrees to keep and maintain such records as Lender may require, including without limitation information concerning Eligible Accounts and Account balances and agings. Records related to Accounts (Receivables) are or will be located at 12070 Cr-1307, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. With respect to the Inventory, Borrower agrees to keep and maintain such records as Lender may require, including without limitation information concerning Eligible Inventory and records itemizing and describing the kind, type, quality, and quantity of Inventory, Borrower’s Inventory costs and selling prices, and the daily withdrawals and additions to Inventory. Records related to Inventory are or will be located at 12070 Cr-1307, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. The above is an accurate and complete list of all locations at which Borrower keeps or maintains business records concerning Borrower’s collateral.

Appears in 1 contract

Sources: Business Loan Agreement (TX Holdings, Inc.)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s Borrowers name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Surge Components Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (FGI Industries Ltd.)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No. 418887 (Continued) Page 2 appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Aetrium Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity, Collateral Records. Borrower does now, and at all times hereafter shall, keep correct and accurate records of the Collateral, all of which records shall be available to Lender or Lender’s representative upon demand for inspection and copying at any reasonable time. With respect to the Accounts, Borrower agrees to keep and maintain such records as Lender may require, including without limitation information concerning Eligible Accounts and Account balances and agings. Records related to Accounts (Receivables) are or will be located at . The above is an accurate and complete list of all locations at which Borrower keeps or maintains business records concerning Borrower’s collateral. Collateral Schedules. Concurrently with the execution and delivery of this Agreement, Borrower shall execute and deliver to Lender schedules of Accounts and schedules of Eligible Accounts in form and substance satisfactory to the Lender. Thereafter supplemental schedules shall be delivered according to the following schedule: With respect to Eligible Accounts, schedules shall be delivered QUARTERLY.

Appears in 1 contract

Sources: Business Loan Agreement (Vista Proppants & Logistics Inc.)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. statement Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (RVM Industries Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of BorrowerBUSINESS LOAN AGREEMENT (ASSET BASED) Loan No. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.2000206013 (▇▇▇▇▇▇▇▇d) Page 3 --------------------------------------------------------------------------------

Appears in 1 contract

Sources: Business Loan Agreement (Elecsys Corp)

Perfection of Security Interests. Borrower agrees to execute financing statements and all documents requested by Lender perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable lawlaw which are requested by Lender, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security InterestInterest in the Collateral. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number's employer identification number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Niku Corp)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest 's Interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (SCC Communications Corp)

Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including Including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Microhelix Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this the Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interestinterest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No. 2000206013 (Continued) Page ▇ any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Elecsys Corp)

Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity. BUSINESS LOAN AGREEMENT (ASSET BASED) (CONTINUED) PAGE 2 ================================================================================ COLLATERAL RECORDS. Borrower does now, and at all times hereafter shall, keep correct and accurate records of the Collateral, all of which records shall be available to Lender or Lender's representative upon demand for inspection and copying at any reasonable time. With respect to the Accounts, Borrower agrees to keep and maintain such records as Lender may require, including without limitation information concerning Eligible Accounts and Account balances and agings. Records related to Accounts (Receivables) are or will be located at 13950 Senlac Drive, Suite 100, Dallas, Texas 75234. With res▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ maintain such records as Lender may require, including without limitation information concerning Eligible Inventory and records itemizing and describing the kind, type, quality, and quantity of Inventory, Borrower's Inventory costs and selling prices, and the daily withdrawals and additions to Inventory. Records related to Inventory are or will be located at 13950 Senlac Drive, Suite 100, Dallas, Texas 75234. The abov▇ ▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇s at which Borrower keeps or maintains business records concerning Borrower's collateral.

Appears in 1 contract

Sources: Business Loan Agreement (Collegiate Pacific Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate consolidated with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Whitman Education Group Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Lenders S▇▇▇▇▇▇▇ Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral▇▇▇ ▇▇llateral. Upon request of Lender▇▇▇▇▇r, Borrower will deliver to Lender any and all of the documents evidencing docu▇▇▇▇▇ e▇▇▇▇▇▇▇▇g or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments instrume▇▇▇ if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower B▇▇▇▇▇▇r will execute one or more UCC financing statements and any similar ▇▇▇ ▇▇▇ilar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Interest Lender may at any time, and without further authorization from Borrower, file a carbon, carbon photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly pro▇▇▇▇▇ will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of n▇▇▇▇ ▇▇ Borrower. Borrower also promptly will notify Lender before any change in ch▇▇▇▇ ▇▇ Borrower’s 's Social Security Number or Employer Identification identification Number. Borrower further agrees to notify Lender in writing prior to any change in ch▇▇▇▇ ▇▇ address or location of Borrower’s ▇▇▇▇ower's principal governance office or should Borrower merge or consolidate me▇▇▇ ▇▇ ▇onsolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Ironclad Performance Wear Corp)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lenderlender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, . and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before Before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Asset Based) (TGC Industries Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateralcollateral. Upon request of Lender, Borrower will shall deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will shall execute one on or more UCC UCC- financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will shall reimburse Lender for all expenses for the perfection, termination, termination and the continuation of the perfection of Lender’s security interest 's Security Interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s name 's name, including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or of Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Eckler Industries Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Collateral Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Rainmaker Systems Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of or this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity. COLLATERAL RECORDS. Borrower does now, and at all times hereafter shall, keep correct and accurate records of the Collateral, all of which records shall be available to Lender or Lender's representative upon demand for inspection and copying at any reasonable time. With respect to the Accounts, Borrower agrees to keep and maintain such records as Lender may require, including without limitation information concerning Eligible Accounts and Account balances and agings.

Appears in 1 contract

Sources: Loan Agreement (Incomnet Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting perfacting Lender’s Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (American Electric Technologies Inc)

Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lenderlender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or of location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Line of Credit Agreement (Petmed Express Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested requests by Lender to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest Interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Synergetics Usa Inc)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the She perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to So the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Change in Terms Agreement (Paneltech International Holdings, Inc.)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s 's Security Interest Interests and to take whatever actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateralcollateral. Upon request of Lender, Borrower will deliver to Lender lender any and all of the documents evidencing or constituting the Collateral, Collateral and Borrower will note Lender’s interest 's interests upon any and all chattel paper and instruments if not delivered to Lender lender for possession by Lenderlender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender lender will file such financing statements and all such similar statements as may be required in the appropriate location or locations. locations Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interestinterest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Petmed Express Inc)

Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No: 11001 (Continued) Page 2 ================================================================================ Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Loan Agreement (Marketing Worldwide Corp)

Perfection of Security Interests. Borrower agrees to execute all documents perfecting Lender’s Security Interest such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Borrower’s 's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.or

Appears in 1 contract

Sources: Loan Agreement (Hemacare Corp /Ca/)

Perfection of Security Interests. Borrower agrees to execute financing statements and all documents perfecting Lender’s 's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. Lender may at any time, and without further authorization from Borrower, file a carbon, photograph, facsimile, or other reproduction of any financing statement for use as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, and the continuation of the perfection of Lender’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Borrower’s 's name including any change to the assumed business names of Borrower. , Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Sources: Business Loan Agreement (Visionics Corp)

Perfection of Security Interests. Borrower agrees shall execute and/or deliver to execute all documents perfecting Lender, at Borrower’s Security Interest expense, at any time and from time to take whatever actions are requested by Lender to perfect and continue Lender’s Security Interests in time hereafter at the Collateral. Upon request of Lender, all agreements, instruments, financing statements, authorizations, documents and other written documents (sometimes hereinafter individually and collectively referred to as “Supplemental Documentation”) that Lender reasonably may request, in form and substance acceptable to Lender, to perfect and maintain as perfected Lender’s security interest in the Collateral and to consummate the transactions contemplated in or by this Agreement and the other Loan Documents. Borrower will deliver to irrevocably hereby makes, constitutes and appoints Lender any (and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Persons designated by Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements that purpose) as Borrower’s true and any similar statements as may be required by applicable law, lawful attorney and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender as its irrevocable attorneyagent-in-fact for to sign the purpose names of executing any documents necessary Borrower on the Supplemental Documentation and to perfect or deliver the Supplemental Documentation to continue any Security Interest. such Persons as Lender may at any timereasonably elect in the event that Borrower shall fail promptly to provide the same upon request of Lender, and without further authorization from to file in any jurisdiction any initial financing statements and amendments thereto that (i) indicate the Collateral as all assets of Borrower (or words of similar effect), regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the Uniform Commercial Code of the jurisdiction wherein such financing statement or amendment is filed, or as being of an equal or lesser scope or within greater detail, and (ii) contain any other information required by Section 5 of Article 9 of the Uniform Commercial Code of the jurisdiction wherein such financing statement or amendment is filed regarding the sufficiency or filing office acceptance of any financing statement or amendment, including whether Borrower is an organization, the type of organization, and any organization identification number issued to Borrower, file and in the case of a financing statement filed as a fixture filing or indicating Collateral as as-extracted collateral or timber to be cut, a sufficient description of real property to which the Collateral relates. Borrower agrees that a carbon, photograph, facsimile, photographic or photostatic copy or other reproduction of this Agreement or of any financing statement for use shall be sufficient as a financing statement. Borrower will reimburse Lender for all expenses for the perfection, termination, hereby authorizes and the continuation of the perfection of acknowledges Lender’s security interest in the Collateral. Borrower promptly will notify Lender before filing of any change in Borrower’s name including any change Financing Statements prior to the assumed business names of Borrower. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower’s principal governance office or should Borrower merge or consolidate with any other entitydate hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Adcare Health Systems, Inc)