Common use of Perfection of Security Interests Clause in Contracts

Perfection of Security Interests. Xxxxxxxx agrees to execute all documents perfecting Xxxxxx’s Security Interest and to take whatever actions are requested by Xxxxxx to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Xxxxxx, Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx will execute one or more UCC financing statements and any 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 Xxxxxx 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 Xxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s name including any change to the assumed business names of Xxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or location of Xxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx agrees to execute all documents perfecting Xxxxxx’s Security Interest Interests and to take whatever actions are requested by Xxxxxx to perfect and continue LenderXxxxxx’s Security Interests in the Collateral. Upon request of Xxxxxxthe Lender, Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note XxxxxxLender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx 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 Xxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s name including any change to the assumed business names of Xxxxxxxx. Borrower Xxxxxxx also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or location of Xxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx agrees to execute financing statements and all documents perfecting Xxxxxx’s 's Security Interest and to take whatever other (actions are requested by Xxxxxx to perfect and continue Lender’s lender's Security Interests in the Collateral. Upon request of XxxxxxLender, Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s 's interest upon any and all chattel paper and instruments if instruments. If not delivered to Lender for possession by Xxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx 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 Xxxxxx’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s 's name including any change to the assumed business names of Xxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or location of Xxxxxxxx’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx agrees to execute all documents perfecting Xxxxxx’s Security Interest such financing statements and to take whatever other actions are requested by Xxxxxx to perfect and continue Lender’s Xxxxxx's Security Interests in the Collateral. Upon request of Xxxxxx, Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s interest 's Interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx 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 Xxxxxx’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Xxxxxxxx’s 's name including any change to the assumed business names of Xxxxxxxx. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or location of Xxxxxxxx’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx agrees to execute all documents perfecting Xxxxxx’s Security Interest and to take whatever actions are requested by Xxxxxx to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Xxxxxx, Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx 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, termination and the continuation of the perfection of Xxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s name name, including any change to the assumed business names of Xxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or location of Xxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx Bxxxxxxx agrees to execute all documents perfecting Xxxxxx’s Lxxxxx's Security Interest and to take whatever actions are requested by Xxxxxx Lxxxxx to perfect and continue Lender’s Lxxxxx's Security Interests in the Collateral. Upon request of XxxxxxLxxxxx, Xxxxxxxx Bxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s Lxxxxx's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by XxxxxxLxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx Bxxxxxxx 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 Xxxxxx Lxxxxx 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 Xxxxxx’s Lxxxxx's security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s Bxxxxxxx's name including any change to the assumed business names of XxxxxxxxBxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Xxxxxxxx Bxxxxxxx further agrees to notify Xxxxxx Lxxxxx in writing prior to any change in address or location of Xxxxxxxx’s Bxxxxxxx's principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx Borrower agrees to execute financing statements and all documents perfecting Xxxxxx’s Lender's Security Interest and to take whatever other actions are requested by Xxxxxx Lender to perfect and continue Lender’s 's Security Interests interests in the Collateral. Upon request of XxxxxxLender, Xxxxxxxx Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s interest Lender's Interest upon any and all chattel paper and instruments if Instruments If not delivered to Lender for possession by XxxxxxLender. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx 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 Xxxxxx’s Lender's security interest Interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s In Borrower's name including any change to the assumed business names of XxxxxxxxBorrower. Borrower also promptly will notify Lender before any change in In Borrower’s 's Social Security Number or Employer Identification identification Number. Xxxxxxxx Borrower further agrees to notify Xxxxxx in Lender In writing prior to any change in In address or location of Xxxxxxxx’s Borrower's principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx agrees Borrxxxx xxxees to execute all documents perfecting Xxxxxx’s Security Interest such financing statements and to take whatever other actions are requested by Xxxxxx to Lendxx xx perfect and continue Lender’s Security Lendxx'x Xecurity Interests in the Collateral. Upon request of XxxxxxLendxx, Xxxxxxxx will Xxrrxxxx xxxl deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s interest Lendxx'x xnterest upon any and all chattel paper and instruments if not delivered to Lender for possession by XxxxxxLendxx. Contemporaneous Xxntemporaneous with the execution of this AgreementAgreement , Xxxxxxxx will Borrxxxx xxxl 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 Xxxxxx as Lendxx xx 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 Xxxxxx’s Lendxx'x security interest in the Collateral. Borrower promptly will notify Lender before of any change in Xxxxxxxx’s name Borrxxxx'x xame including any change to the assumed business names of XxxxxxxxBorrxxxx. Borrower Xxrrower also promptly will notify Lender before of any change in Borrower’s Social 's social Security Number or Employer Identification Number. Xxxxxxxx further Borrxxxx xxxther agrees to notify Xxxxxx in Lendxx xx writing prior to any change in address or location of Xxxxxxxx’s principal Borrxxxx'x xrincipal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx agrees to execute financing statements and all documents perfecting Xxxxxx’s Security Interest and to take whatever other actions are requested by Xxxxxx to perfect and continue LenderXxxxxx’s Security Interests interests in the Collateral. Upon request of Xxxxxx, Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx as its irrevocable attorney-in-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 Xxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s name including any change to the assumed business names of Xxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or of Employer Identification Number. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or of location of Xxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx Borrower agrees to execute financing statements and all documents perfecting Xxxxxx’s Lender's Security Interest and to take whatever other actions are requested by Xxxxxx Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of XxxxxxLender, Xxxxxxxx Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s Lender's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by XxxxxxLender. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx 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 Xxxxxx’s Lender's security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s Borrower's name including any change to the assumed business names of XxxxxxxxBorrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Xxxxxxxx Borrower further agrees to notify Xxxxxx Lender in writing prior to any change in address or location of Xxxxxxxx’s Borrower'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 resxxxx xx xxx Xxxxxxxxx, Xxxxxxxx xxxxxx xx xxxx xxx 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 abovx xx xx xxxxxxxx xxx xxxxxxxx xxxx xx xxx xxxxxxxxs at which Borrower keeps or maintains business records concerning Borrower's collateral.

Perfection of Security Interests. Xxxxxxxx agrees to execute all documents perfecting Xxxxxx’s Security Interest such financing statements and to take whatever other actions are requested by Xxxxxx to perfect and continue Lender’s Xxxxxx's Security Interests in the Collateral. Upon request of Xxxxxx, Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx 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 Xxxxxx’s 's security interest in the Collateral. Borrower promptly will notify Lender before of any change in Xxxxxxxx’s 's name including any change to the assumed business names of Xxxxxxxx. Borrower also promptly will notify Lender before of any change in Borrower’s 's Social Security Number or Employer Identification Number. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or location of Xxxxxxxx’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx Borrower agrees to execute all documents perfecting Xxxxxx’s Security Lenders Sxxxxxxx Interest and to take whatever actions are requested by Xxxxxx Lender to perfect and continue Lender’s 's Security Interests in the Collateralxxx Xxllateral. Upon request of XxxxxxXxxxxr, Xxxxxxxx Borrower will deliver to Lender any and all of the documents evidencing docuxxxxx exxxxxxxxg or constituting the Collateral, and Borrower will note Xxxxxx’s Lender's interest upon any and all chattel paper and instruments instrumexxx if not delivered to Lender for possession by XxxxxxLender. Contemporaneous with the execution of this Agreement, Xxxxxxxx Bxxxxxxr will execute one or more UCC financing statements and any xxx xxxilar 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 Xxxxxx 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 Xxxxxx’s Lender's security interest in the Collateral. Borrower promptly proxxxxx will notify Lender before any change in Xxxxxxxx’s Borrower's name including any change to the assumed business names of Xxxxxxxxnxxxx xx Borrower. Borrower also promptly will notify Lender before any change in chxxxx xx Borrower’s 's Social Security Number or Employer Identification identification Number. Xxxxxxxx Borrower further agrees to notify Xxxxxx Lender in writing prior to any change in chxxxx xx address or location of Xxxxxxxx’s Xxxxower's principal governance office or should Borrower merge or consolidate mexxx xx xonsolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx agrees to execute all documents perfecting Xxxxxx’s Security Interest and to take whatever actions are requested by Xxxxxx to perfect and continue Lender’s Security Interests in the Collateral. Upon request of Xxxxxx, Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx will execute one or more UCC financing statements and any similar statements as may be required by applicable law, law and Lender will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Xxxxxx 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 Xxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s name including any change to the assumed business names of Xxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or location of Xxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx agrees to execute all documents perfecting Xxxxxx’s 's Security Interest and to take whatever actions are requested by Xxxxxx to perfect and continue Lender’s Xxxxxx's Security Interests in the Collateral. Upon request of Xxxxxx, Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s 's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any BUSINESS LOAN AGREEMENT (ASSET BASED) 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 Xxxxxx’s 's security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s 's name including any change to the assumed business names of Xxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or location of Xxxxxxxx’s 's principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx Borrower agrees to execute all documents perfecting Xxxxxx’s Lender's Security Interest and to take whatever actions are requested by Xxxxxx Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon request of XxxxxxLender, Xxxxxxxx Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Xxxxxx’s Lender's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by XxxxxxLender. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx 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 Xxxxxx’s Lender's security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s Borrower's name including any change to the assumed business names of XxxxxxxxBUSINESS 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. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or location of Xxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.2000206013 (Xxxxxxxxd) Page 3 --------------------------------------------------------------------------------

Perfection of Security Interests. Xxxxxxxx agrees to execute all documents perfecting Xxxxxx’s Security Interest Interests and to take whatever actions are requested by Xxxxxx to perfect and continue LenderXxxxxx’s Security Interests in the Collateral. Upon request of Xxxxxxthe Lender, Xxxxxxxx will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note XxxxxxLender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx 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 Xxxxxx’s security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s name including any change to the assumed business names of Xxxxxxxx. Borrower also promptly will notify Lender before any change in Borrower’s Social Security Number or Employer Identification Number. Xxxxxxxx further agrees to notify Xxxxxx in writing prior to any change in address or location of Xxxxxxxx’s principal governance office or should Borrower merge or consolidate with any other entity.

Perfection of Security Interests. Xxxxxxxx Borrower agrees to execute financing statements and all documents perfecting Xxxxxx’s Lender's Security Interest and to take whatever other actions are requested by Xxxxxx Lender to perfect and continue Lender’s 's Security Interests in the Collateral. Upon Upo7 request of XxxxxxLender, Xxxxxxxx Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will will, note Xxxxxx’s Lender's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Xxxxxx. Lender Contemporaneous with the execution of this Agreement, Xxxxxxxx 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 Xxxxxx 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 Xxxxxx’s Lender's security interest in the Collateral. Borrower promptly will notify Lender before any change in Xxxxxxxx’s Borrower's name including any change to the assumed business names of XxxxxxxxBorrower. Borrower also promptly will notify Lender before any change in Borrower’s 's Social Security Number or Employer Identification Number. Xxxxxxxx Borrower further agrees to notify Xxxxxx Lender in writing prior to any change in address or location of Xxxxxxxx’s principal governance Borrower's principal.governance office or should Borrower merge or consolidate with any other entity.