Common use of Perfection of Security Interests Clause in Contracts

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

Appears in 10 contracts

Samples: Loan and Security Agreement (Labor Ready Inc), Loan Agreement (Reconditioned Systems Inc), Loan Agreement (Credit Concepts Inc)

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

Appears in 3 contracts

Samples: Business Loan Agreement (Sten Corp), Business Loan Agreement (LiveOne, Inc.), Business Loan Agreement (Ocean Bio Chem Inc)

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

Appears in 3 contracts

Samples: Business Loan Agreement (Aspyra Inc), Business Loan Agreement (Titan Energy Worldwide, Inc.), Business Loan Agreement (Addvantage Technologies Group Inc)

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

Appears in 3 contracts

Samples: Loan Agreement (Sterion Inc), Business Loan Agreement (Flotek Industries Inc/Cn/), Portland Brewing Co /Or/

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

Appears in 2 contracts

Samples: Loan Agreement (PDS Financial Corp), Loan Agreement (PDS Financial Corp)

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

Appears in 2 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

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

Appears in 2 contracts

Samples: Loan Agreement (SHC Corp), Loan Agreement (PDS Financial Corp)

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

Appears in 2 contracts

Samples: Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (R B Rubber Products Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Paneltech International Holdings, Inc.)

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

Appears in 1 contract

Samples: Change in Terms Agreement (New Frontier Media Inc)

Perfection of Security Interests. Borrower agrees to execute such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender's Security Interests in the Collateral. Collateral described in Exhibit A. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's interest upon any and all chattel paper if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and will file such financing statements and all such similar statements in the appropriate location or locations. In the event Borrower fails or refuses to comply with Lender's written request therefor, Borrower hereby appoints 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 executed by Borrower for use as a financing statement. Borrower will reimburse Lender for all reasonable expenses for the perfection, termination, and the continuation of the perfection of Lender's security interest in the CollateralSecurity Interest. Borrower promptly will notify Lender of any change in Borrower's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender of any change in Borrower's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower's principal governance office or should Borrower merge or consolidate with any other entity.entity (b)

Appears in 1 contract

Samples: Loan Agreement (Phillips R H Inc)

Perfection of Security Interests. Borrower agrees to execute such financing statements and all documents perfecting Lender's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, 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 Lender as its irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect or to continue any Security Interest. BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No: 11001 (Continued) Page 2 ================================================================================ 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 Lender's security interest in the Collateral. Borrower promptly will notify Lender of before any change in Borrower's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender of before any change in Borrower's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Samples: Loan Agreement (Marketing Worldwide Corp)

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

Appears in 1 contract

Samples: Business Loan Agreement (Elecsys Corp)

Perfection of Security Interests. Borrower agrees to execute such financing statements all documents perfecting Lender's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this the Agreement, 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 Lender as its irrevocable attorney-in-fact 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 Lender's security interest in the Collateral. Borrower promptly will notify Lender of before any change in Borrower's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender of before any change in Borrower's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No. 2000206013 (Continued) Page 0 any change in address or location of Borrower's principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Samples: Business Loan Agreement (Elecsys Corp)

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

Appears in 1 contract

Samples: Loan Agreement (Hemacare Corp /Ca/)

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

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

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

Appears in 1 contract

Samples: Loan Agreement (Eckler Industries Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp)

Perfection of Security Interests. Borrower agrees to execute such financing statements all documents perfecting Lender’s Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender's ’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's ’s interest upon any Loan No: 880066269-3 BUSINESS LOAN AGREEMENT (ASSET BASED) (Continued) Page 2 and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, 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 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 Lender's ’s security interest in the Collateral. Borrower promptly will notify Lender of before any change in Borrower's ’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender of before any change in Borrower's ’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower's ’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Samples: Business Loan Agreement (Nanophase Technologies Corporation)

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

Appears in 1 contract

Samples: Loan Agreement (SCC Communications Corp)

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

Appears in 1 contract

Samples: Business Loan Agreement (Microhelix Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Medical Resources Management Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Aspyra Inc)

Perfection of Security Interests. Borrower agrees Borrxxxx xxxees to execute such financing statements and to take whatever other actions are requested by Lender to Lendxx xx perfect and continue Lender's Security Lendxx'x Xecurity Interests in the Collateral. Upon request of LenderLendxx, Borrower will Xxrrxxxx xxxl deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's interest Lendxx'x xnterest upon any and all chattel paper if not delivered to Lender for possession by LenderLendxx. Contemporaneous Xxntemporaneous with the execution of this AgreementAgreement , Borrower will Borrxxxx xxxl execute one or more UCC financing statements and any similar statements as may be required by applicable law, and will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender 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 Lender's Lendxx'x security interest in the Collateral. Borrower promptly will notify Lender of any change in Borrower's name Borrxxxx'x xame including any change to the assumed business names of BorrowerBorrxxxx. Borrower Xxrrower also promptly will notify Lender of any change in Borrower's Social social Security Number or Employer Identification Number. Borrower further Borrxxxx xxxther agrees to notify Lender in Lendxx xx writing prior to any change in address or location of Borrower's principal Borrxxxx'x xrincipal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Samples: Loan Agreement (Daw Technologies Inc /Ut)

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

Appears in 1 contract

Samples: Loan Agreement (Whitman Education Group Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Synergetics Usa Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Incomnet Inc)

Perfection of Security Interests. Borrower agrees Borrxxxx xxxees to execute such financing statements and to take whatever other actions are requested by Lender to Lendxx xx perfect and continue Lender's Security Lendxx'x Xecurity Interests in the Collateral. Upon request of LenderLendxx, Borrower will Xxrrxxxx xxxl deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's interest Lendxx'x Xnterest upon any and all chattel paper if not delivered to Lender for possession by LenderLendxx. Contemporaneous Xxntemporaneous with the execution of this Agreement, Borrower will Borrxxxx xxxl execute one or more UCC financing statements and any similar statements as may be required by applicable law, and will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints Lender 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 Lender's security Lendxx'x xecurity interest in the Collateral. Borrower promptly will notify Lender of any change in Borrower's name Borrxxxx'x xame including any change to the assumed business names of BorrowerBorrxxxx. Borrower Xxrrower also promptly will notify Lender of any change in Borrower's Social Security Number or Employer Identification Number. Borrower further Borrxxxx xxxther agrees to notify Lender in Lendxx xx writing prior to any change in address or location of Borrower's principal Borrxxxx'x xrincipal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Samples: Loan Agreement (Multiple Zones International Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Isecuretrac Corp)

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

Appears in 1 contract

Samples: Loan Agreement (Motor Cargo Industries Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (CyDex Pharmaceuticals, Inc.)

Perfection of Security Interests. Borrower agrees to execute such financing statements all documents perfecting Lender’s Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender's ’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's ’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, 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 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 Lender's ’s security interest in the Collateral. Borrower promptly will notify Lender of before any change in Borrower's ’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender of before any change in Borrower's ’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower's ’s principal governance office or should Borrower merge or consolidate with any other entity, 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 . The above is an accurate and complete list of all locations at which Borrower keeps or maintains business records concerning Borrower’s collateral. BUSINESS LOAN AGREEMENT (ASSET BASED) Collateral Schedules. Concurrently with the execution and delivery of this Agreement, Borrower shall execute and deliver to Lender schedules of Accounts and schedules of Eligible Accounts in form and substance satisfactory to the Lender. Thereafter supplemental schedules shall be delivered according to the following schedule: With respect to Eligible Accounts, schedules shall be delivered QUARTERLY.

Appears in 1 contract

Samples: Business Loan Agreement (Vista Proppants & Logistics Inc.)

Perfection of Security Interests. Borrower agrees to execute such financing statements all documents perfecting Lender's Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender's Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's interest upon any and all chattel paper and instruments if not riot delivered to Lender for possession by Lender. Lender Contemporaneous with the execution of this Agreement, 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 Lender 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 Lender's security interest in the Collateral. Borrower promptly will notify Lender of before any change in Borrower's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender of lender before any change in Borrower's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower's principal governance office or should Borrower merge or consolidate with any other entity.. BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No: 0000011001 (Continued) Page 3 ================================================================================

Appears in 1 contract

Samples: Business Loan Agreement (Marketing Worldwide Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Petmed Express Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Niku Corp)

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

Appears in 1 contract

Samples: Business Loan Agreement (Surge Components Inc)

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

Appears in 1 contract

Samples: Assignment and Security Agreement (Obsidian Enterprises Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Eco Soil Systems Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (American Electric Technologies Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Husker Ag Processing LLC)

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

Appears in 1 contract

Samples: Business Loan Agreement (Rainmaker Systems Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Cutter & Buck Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Novadigm Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Petmed Express Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Pinnacle Data Systems Inc)

Perfection of Security Interests. Borrower agrees to execute such financing statements all documents perfecting Lender’s Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender's ’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Portions of this Exhibit have been redacted pursuant to a request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act. Omitted information, marked “[***]” in this Exhibit, has been filed with the Securities and Exchange Commission together with such request for confidential treatment. Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's ’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, 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 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 Lender's ’s security interest in the Collateral. Borrower promptly will notify Lender of before any change in Borrower's ’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender of before any change in Borrower's ’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower's ’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Samples: Business Loan Agreement (New Frontier Media Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Naco Industries Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Visionics Corp)

Perfection of Security Interests. Borrower agrees to execute such financing statements all documents perfecting Lender’s Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender's ’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's ’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, 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 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 Lender's ’s security interest in the Collateral. Borrower promptly will notify Lender of before any change in Borrower's ’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender of before any change in Borrower's ’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower's ’s principal governance office or should Borrower merge or consolidate with any other entity. BUSINESS LOAN AGREEMENT (ASSET BASED) 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 12070 Cr-1307, Xxxxxxx, XX 00000. With respect to the Inventory, Borrower agrees to keep and 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 12070 Cr-1307, Xxxxxxx, XX 00000. The above is an accurate and complete list of all locations at which Borrower keeps or maintains business records concerning Borrower’s collateral.

Appears in 1 contract

Samples: Business Loan Agreement (TX Holdings, Inc.)

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

Appears in 1 contract

Samples: Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Perfection of Security Interests. Borrower agrees to execute such financing statements all documents perfecting Lender’s Security Interest and to take whatever other actions are requested by Lender to perfect and continue Lender's ’s Security Interests in the Collateral. Upon request of Lender, Borrower will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Borrower will note Lender's ’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, 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 BUSINESS LOAN AGREEMENT (ASSET BASED) Loan No. 418887 (Continued) Page 2 appoints 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 Lender's ’s security interest in the Collateral. Borrower promptly will notify Lender of before any change in Borrower's ’s name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender of before any change in Borrower's ’s Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower's ’s principal governance office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Samples: Business Loan Agreement (Aetrium Inc)

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

Appears in 1 contract

Samples: Loan Agreement (RVM Industries Inc)

Perfection of Security Interests. Borrower agrees to execute such financing statements and to take whatever other actions are requested by Lender to perfect and continue Lender's Security Interests in the Collateral. Upon request of Lender, Borrower will Collateral and agrees to deliver possession to Lender any of all property included in the Collateral for which possession by Lender is necessary to perfect and all continue Lender's Security Interests. Lender acknowledges and agrees that delivery of certificates of title to motor vehicles in which a security interest has been granted as security for the documents evidencing or constituting payment of Borrower's Chattel Paper are not necessary by law to perfect and continue Lender's Security Interests in the Collateral, and Borrower will note Lender's interest upon any and all chattel paper if not delivered to Lender for possession by Lender. Contemporaneous with the execution of this Agreement, Borrower will execute one or more UCC financing statements and any similar statements as may be required by applicable law, and will file such financing statements and all such similar statements in the appropriate location or locations. Borrower hereby appoints 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 Lender's security interest Security Interest in the Collateral. Borrower promptly will notify Lender of any change in Borrower's name including any change to the assumed business names of Borrower. Borrower also promptly will notify Lender of any change in Borrower's Social Security Number or Employer Identification Number. Borrower further agrees to notify Lender in writing prior to any change in address or location of Borrower's principal governance chief executive office or should Borrower merge or consolidate with any other entity.

Appears in 1 contract

Samples: Loan Agreement (Search Financial Services Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (TGC Industries Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Transcrypt International Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Scientific Software Intercomp Inc)

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