Common use of Maintenance of Perfected Security Interests; Further Documentation; Pledge of Instruments and Chattel Paper Clause in Contracts

Maintenance of Perfected Security Interests; Further Documentation; Pledge of Instruments and Chattel Paper. The Company shall maintain the security interest created by this Security Agreement as a perfected security interest having the first and highest priority over any and all other interests of all other Persons whatsoever (other than Permitted Liens), and shall defend such security interest against the claims and demands of all Persons whomsoever. At any time and from time to time, upon the written request of the Lender, and at the sole expense of the Company, the Company will promptly and duly execute and deliver such further instruments and documents, give such notices, obtain such waivers and consents from landlords and other third parties, and take such further actions as the Lender may reasonably request, for the purpose of obtaining or preserving the full benefits of this Security Agreement and of the rights and powers herein granted, including, without limitation, the filing of any financing or continuation statements under the UCC or similar law in effect in any jurisdiction with respect to the Liens created hereby. A carbon, photographic or other reproduction of this Security Agreement shall be sufficient as a financing statement for filing in any jurisdiction. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Instrument or Chattel Paper shall be immediately delivered to the Lender, duly endorsed in a manner satisfactory to the Lender, and accompanied by duly executed instruments of transfer or assignment, all in form and substance satisfactory to the Lender to be held as Collateral pursuant to this Security Agreement.