Common use of Security for Notes Clause in Contracts

Security for Notes. (a) The Issuer, LFC VI and LFG shall file UCC-1 financing statements described in Sections 4.01(e) and 4.02 (b) in accordance with such Sections. From time to time, the Servicer shall take or cause to be taken such actions and execute such documents as are necessary to perfect and protect the Indenture Trustee's interest in the Trust Estate against all other Persons, including the filing of financing statements, amendments thereto and continuation statements, the execution of transfer instruments and the making of notations on or taking possession of all records or documents of title, provided that neither LFG, LFC VI nor the Issuer shall be required to file UCC-1 financing statements against Obligors with respect to the Equipment having a value of less than $5,000 and neither LFG, LFC VI nor the Issuer shall be required to file UCC assignments of any equipment filings against Obligors.