Common use of Titling Clause in Contracts

Titling. If any Item of Equipment is a vehicle or other equipment subject to a certificate of title statute, Borrower will promptly (a) take all steps requested by Lender to cause the security interest of Lender to be noted on the certificate of title, (b) provide Lender an original (or copy, if acceptable to Lender) of the certificate of title relating to such Item of Equipment, and (c) sign any other instruments or documents requested by Lender, including a power of attorney, to permit Lender to properly perfect and enforce its security interest in such Item of Equipment. Without limiting the foregoing, Borrower hereby authorizes and irrevocably appoints Lender as Borrower’s attorney-in-fact, with full power of substitution, coupled with an interest to execute motor vehicle title documentation necessary to obtain repossession title certificates and/or lien notation.