Common use of Uniform Commercial Code Financing Statements Clause in Contracts

Uniform Commercial Code Financing Statements. So long as any of the Obligations remain outstanding, the Debtor hereby irrevocably authorizes the Lender to file such financing statements, continuation statements, amendments and such other documents as the Lender may deem necessary or desirable to protect or perfect the interest of the Lender in the Collateral, and appoints the Lender as the Debtor’s attorney-in-fact, with a power of attorney to execute on the Debtor’s behalf such Uniform Commercial Code financing statement forms, continuation statements, amendments and other similar instruments as the Lender may from time to time deem necessary or desirable to protect or perfect such interests in the Collateral. Such power of attorney is coupled with an interest and shall be irrevocable. In addition, the Debtor agrees to make, execute, furnish, deliver or cause to be done, furnished, executed and delivered all such further acts, information, documents and things as the Lender may require for the purpose of

Appears in 1 contract

Sources: Security Agreement

Uniform Commercial Code Financing Statements. So long as any of the Obligations remain outstanding, the Debtor The Borrower hereby irrevocably authorizes the Lender Agent to file such financing statements, continuation statements, amendments and such other documents as the Lender Agent, in its sole judgment, may deem necessary or desirable to protect or perfect the interest of the Lender Agent in the Collateral, and . Borrower also hereby irrevocably appoints the Lender Agent as the Debtor’s Borrower's attorney-in-fact, with a power of attorney to execute on the Debtor’s Borrower's behalf such Uniform Commercial Code financing statement forms, continuation statements, amendments and other similar instruments as the Lender Agent, in its sole judgment, may from time to time deem necessary or desirable to protect or perfect such interests in the Collateral. Such power of attorney is coupled with an interest and shall be irrevocable. In addition, the Debtor Borrower agrees to make, execute, furnish, deliver or cause to be done, furnished, executed and delivered all such further acts, information, documents and things as the Lender Agent may reasonably require for the purpose ofof perfecting or protecting the rights of the Agent hereunder or otherwise giving effect to this Agreement, all promptly upon request therefor.

Appears in 1 contract

Sources: Security Agreement (American Church Mortgage Co)