Common use of Security Agreement and Financing Statements Clause in Contracts

Security Agreement and Financing Statements. The Bank shall have received (i) a duly executed original of an amendment to the Security Agreement in form and substance acceptable to the Bank, (ii) executed UCC-1 financing statements from the U.S. Borrower and each Domestic Subsidiary with respect to each location in which each such Credit Party has or maintains personal property, and (iii) searches of Uniform Commercial Code filings in the jurisdiction of the U.S. Borrower's and each Domestic Subsidiary's chief executive office and each jurisdiction where any Collateral (as defined in the Security Agreement) is located or where a filing would need to be made in order to perfect the Bank's security interest in the Collateral, together with copies of the financing statements on file in each such jurisdiction and evidence that no liens exist thereon other than as expressly approved by the Bank or permitted by the Loan Documents.

Security Agreement and Financing Statements. The Bank Lender shall have received from the Borrower, and each subsidiary guarantor designated by the Lender, (i) a the duly executed original of an amendment to the form of Security Agreement in form and substance acceptable to the Bankattached hereto as Exhibit "A", (ii) executed UCC-1 financing statements from the U.S. Borrower and each Domestic Subsidiary with respect to each location in which each such Credit Party the Borrower has or maintains personal property, and (iii) searches of Uniform Commercial Code filings in the jurisdiction of the U.S. Borrower's and each Domestic Subsidiary's chief executive office and each jurisdiction where any Collateral (as defined in the such Security Agreement) is located or where a filing would need to be made in order to perfect the BankLender's security interest in the Collateral, together with copies of the financing statements on file in each such jurisdiction and evidence that no liens Liens exist thereon other than as expressly approved by the Bank Lender or permitted by the Loan Existing Credit Documents.