Common use of Additional Documentation; Further Assurances Clause in Contracts

Additional Documentation; Further Assurances. (A) Each Obligor shall, or the Bank may, in lieu of the Obligor, make, execute, record and deliver such agreements, financing statements, notices, assignments, listings, powers, and other documents with respect to the Collateral and the Bank’s first-priority security interest therein and in such form as the Bank may reasonably require. Each Obligor shall, upon request of the Bank, immediately take such actions as the Bank shall deem necessary or appropriate to perfect the Bank’s first-priority security interest in the Collateral or otherwise to obtain, preserve, protect, enforce or collect the Collateral or the proceeds thereof.

Appears in 6 contracts

Samples: Advances and Security Agreement (EverBank Financial Corp), Advances and Security Agreement (Bankunited Financial Corp), Advances and Security Agreement (Cooperative Bankshares Inc)

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Additional Documentation; Further Assurances. (A) Each Obligor shall, or the Bank may, in lieu of the Obligor, make, execute, record and deliver such agreements, financing statements, notices, assignments, listings, powers, and other documents with respect to the Collateral and the Bank’s 's first-priority security interest therein and in such form as the Bank may reasonably require. Each Obligor shall, upon request of the Bank, immediately take such actions as the Bank shall deem necessary or appropriate to perfect the Bank’s 's first-priority security interest in the Collateral or otherwise to obtain, preserve, protect, enforce or collect the Collateral or the proceeds thereof.

Appears in 1 contract

Samples: Advances and Security Agreement (First Bancorp /Nc/)

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