Common use of Further Documentation; Pledge of Instruments Clause in Contracts

Further Documentation; Pledge of Instruments. From time to time, upon the written request of IPG, and at the sole expense of Debtor, Debtor will promptly and duly execute and deliver any and all such further instruments and documents and take such further actions as IPG may reasonably deem appropriate or desirable to obtain or further assure the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, (i) using its commercially reasonable efforts to secure all consents and approvals necessary or appropriate for the assignment to IPG of any Contract held by Debtor or in which Debtor has any rights not heretofore assigned, (ii) the filing of any financing or continuation statements under the UCC with respect to the security interests granted hereby, (iii) taking such other action as IPG reasonably requests to perfect its security interest in such Collateral, and (iv) discharging or obtaining waivers of Liens (other than Permitted Liens) on the Collateral. Debtor also hereby authorizes IPG to file on its behalf any such financing or continuation statement without the signature of Debtor to the extent permitted by applicable law. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument, such Instrument shall be immediately pledged to IPG hereunder.

Appears in 3 contracts

Samples: General Security Agreement (All American Communications Inc), General Security Agreement (All American Communications Inc), General Security Agreement (All American Communications Inc)

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Further Documentation; Pledge of Instruments. From At any time and from time to time, upon the written request of IPGAgent, and at the sole expense of DebtorPledgors, Debtor each Pledgor will promptly and duly execute and deliver any and all such further instruments and documents and take such further actions as IPG Agent may reasonably deem appropriate or desirable to obtain or further assure the full benefits of this Pledge Agreement and of the rights and powers herein granted, including, without limitation, (i) using its commercially reasonable efforts to secure all consents the authorization and approvals necessary or appropriate for the assignment to IPG of any Contract held by Debtor or in which Debtor has any rights not heretofore assigned, (ii) the filing of any financing or continuation statements under the UCC in effect in any jurisdiction with respect to the security interests interest granted herebyhereby and, if otherwise required hereunder, transferring the Pledged Collateral to the possession of Agent (iii) taking such other action as IPG reasonably requests to perfect its if a security interest in such CollateralPledged Collateral can be perfected by possession) or, and following the occurrence of an Event of Default, causing the Issuer to agree (ivin writing) discharging or obtaining waivers of Liens (other than Permitted Liens) on the Collateralthat it will only comply with instructions originated by Agent without further consent by any Pledgor. Debtor Such Pledgor also hereby authorizes IPG Agent to file on its behalf any such financing or continuation statement without the signature of Debtor such Pledgor to the extent otherwise permitted by applicable law. If any amount payable under or in connection with any of the Pledged Collateral shall be or become evidenced by any Instrumentpromissory note or other instrument (other than an instrument which constitutes chattel paper under the UCC), such Instrument note or instrument shall be immediately pledged hereunder and a security interest therein hereby granted to IPG hereunderAgent and shall be duly endorsed without recourse or warranty in a manner satisfactory to Agent and delivered to Agent.

Appears in 2 contracts

Samples: Pledge Agreement (Sotherly Hotels Lp), Pledge Agreement (Sotherly Hotels Lp)

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Further Documentation; Pledge of Instruments. From At any time and from time to time, upon the written request of IPGthe Agent, and at the sole expense of Debtorsuch Pledgor, Debtor such Pledgor will promptly and duly execute and deliver any and all such further instruments and documents and take such further actions action as IPG the Agent may reasonably deem appropriate or desirable to obtain or further assure the full benefits of this Security Agreement and of the rights and powers herein granted, including, without limitation, (i) using its commercially reasonable best efforts to secure all consents and approvals necessary or appropriate for the assignment to IPG the Agent of any Contract held by Debtor such Pledgor or in which Debtor such Pledgor has any rights not heretofore assigned, (ii) the filing of any financing or continuation statements under the UCC with respect to the Liens and security interests granted hereby, and transferring Collateral to the Agent's possession (iii) taking such other action as IPG reasonably requests to perfect its if a security interest in such Collateral, and (iv) discharging or obtaining waivers of Liens (other than Permitted Liens) on the CollateralCollateral can be perfected by possession). Debtor also Each Pledgor hereby authorizes IPG the Agent to file on its behalf any such financing or continuation statement without the signature of Debtor such Pledgor to the extent permitted by applicable law. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument, such Instrument shall be immediately pledged to IPG the Agent hereunder, and shall be duly endorsed in a manner satisfactory to the Agent and delivered to the Agent.

Appears in 2 contracts

Samples: Note Purchase Agreement (Impleo LLC), Security Agreement (Bcam International Inc)

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