Common use of Motor Vehicles Clause in Contracts

Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 individually or in the aggregate for all such items of Equipment of the Debtor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s security interest in the assets represented by such certificate of title or ownership.

Appears in 26 contracts

Sources: Security Agreement (Arch Therapeutics, Inc.), Security Agreement (Veroni Brands Corp.), Security Agreement (Arch Therapeutics, Inc.)

Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 individually or 10,000 in the aggregate for all such items of Equipment of the Debtor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect the Secured Party’s security interest in the assets represented by such certificate of title or ownership.

Appears in 3 contracts

Sources: Security Agreement (Kaching Kaching, Inc.), Security Agreement (Duke Mining Company, Inc.), Security Agreement (Evolution Resources, Inc.)

Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 individually or in the aggregate for all such items of Equipment of the Debtor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s security interest in the assets represented by such certificate of title or ownership.

Appears in 3 contracts

Sources: Security Agreement (Heavy Metal, Inc.), Security Agreement (interCLICK, Inc.), Security Agreement (Mru Holdings Inc)

Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 individually or in the aggregate for all such items of Equipment of the Debtor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s 's security interest in the assets represented by such certificate of title or ownership.

Appears in 2 contracts

Sources: Security Agreement, Security Agreement (Esports Entertainment Group, Inc.)

Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Secured Party Parties to be listed as the a lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 100,000 individually or in the aggregate for all such items of Equipment of the Debtor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s Parties’ security interest in the assets represented by such certificate of title or ownership.

Appears in 2 contracts

Sources: Pledge and Security Agreement (Purebase Corp), Pledge and Security Agreement (Phoenix Motor Inc.)

Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 individually or 100,000 in the aggregate for all such items of Equipment of the Debtor, Debtor or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s security interest in the assets represented by such certificate of title or ownership.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Cumulus Investors LLC), Security Agreement (Averion International Corp.)

Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 100,000 individually or in the aggregate for all such items of Equipment of the Debtor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s security interest in the assets represented by such certificate of title or ownership.

Appears in 1 contract

Sources: Security Agreement (Medite Cancer Diagnostics, Inc.)

Motor Vehicles. Each Debtor Such Obligor shall, promptly upon acquiring same, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 individually or 70,000 in the aggregate for all such items of Equipment of the DebtorObligor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s security interest in the assets represented by such certificate of title or ownership.

Appears in 1 contract

Sources: Security Agreement (Composite Technology Corp)

Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 individually or 100,000 in the aggregate for all such items of Equipment of the Debtor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s security interest in the assets represented by such certificate of title or ownership.

Appears in 1 contract

Sources: Security Agreement (Gulf Western Petroleum Corp)

Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 individually or in the aggregate for all such items of Equipment of the Debtor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s 's security interest in the assets represented by such certificate of title or ownership.

Appears in 1 contract

Sources: Security Agreement (River Capital Group, Inc.)

Motor Vehicles. Each Debtor shall, promptly upon acquiring samethe request of the Secured Party or its Representative, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, Vehicles having a value in excess of $50,000 individually or 100,000 in the aggregate for all such items of Equipment of the DebtorDebtors, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect the Secured Party’s security interest in the assets represented by such certificate of title or ownership.

Appears in 1 contract

Sources: First Lien Security Agreement (American Petro-Hunter Inc)

Motor Vehicles. Each Debtor shall, promptly upon acquiring samethe request of the Secured Party or its Representative, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, Vehicles having a value in excess of $50,000 individually or in the aggregate for all such items of Equipment of the DebtorDebtors, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s security interest in the assets represented by such certificate of title or ownership.

Appears in 1 contract

Sources: Security Agreement (South Texas Oil Co)

Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Secured Party Parties to be listed as the a lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 individually or in the aggregate for all such items of Equipment of the Debtor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s Parties’ security interest in the assets represented by such certificate of title or ownership.

Appears in 1 contract

Sources: Pledge and Security Agreement (Hub Cyber Security Ltd.)

Motor Vehicles. Each Debtor shall, promptly upon acquiring samethe request of the Secured Party or its Representative, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, Vehicles having a value in excess of $50,000 individually or in the aggregate for all such items of Equipment of the DebtorDebtors, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s 's security interest in the assets represented by such certificate of title or ownership.

Appears in 1 contract

Sources: Security Agreement (South Texas Oil Co)