Common use of Filing and Recording Clause in Contracts

Filing and Recording. The Borrowers shall, at their sole cost and expense, cause all instruments and documents given as evidence of security pursuant to this Agreement to be duly recorded and/or filed or otherwise perfected in all places necessary, in the opinion of the Administrative Agent, and take such other actions as the Administrative Agent may reasonably request, in order to perfect and protect the Liens of the Administrative Agent and Lenders in the Collateral. The Borrowers, to the extent permitted by law, hereby authorize the Administrative Agent to file any financing statement in respect of any Lien created pursuant to the Security Documents which may at any time be required or which, in the opinion of the Administrative Agent, may at any time be desirable although the same may have been executed only by the Administrative Agent or, at the option of the Administrative Agent, to sign such financing statement on behalf of the Borrowers and file the same, and the Borrowers hereby irrevocably designate the Administrative Agent, its agents, representatives and designees as its agent and attorney-in-fact for this purpose. In the event that any re-recording or refiling thereof (or the filing of any statements of continuation or assignment of any financing statement) is required to protect and preserve such Lien, the Borrowers shall, at the Borrowers' cost and expense, cause the same to be recorded and/or refiled at the time and in the manner requested by the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Interdent Inc), Credit Agreement (Interdent Inc), Credit Agreement (Wisdom Holdings Inc)

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Filing and Recording. The Borrowers Borrower shall, at their its sole cost and expense, cause all instruments financing statements and documents given as evidence of security other Security Documents pursuant to this Agreement to be duly recorded and/or filed or otherwise perfected in all places necessary, in the opinion of the Administrative Agent, and take such other actions as the Administrative Agent may reasonably request, in order to perfect and protect the Liens of the Administrative Agent and Lenders Agent, for the ratable benefit of the Lenders, in the Collateral. The BorrowersBorrower, to the extent permitted by law, hereby authorize authorizes the Administrative Agent to file any financing statement in respect of any Lien created pursuant to the Security Documents which may at any time be required or which, in the opinion of the Administrative Agent, may at any time be desirable desirable, although the same may have been executed only by the Administrative Agent or, at the option of the Administrative Agent, to sign such financing statement on behalf of the Borrowers Borrower and file the same, and the Borrowers Borrower hereby irrevocably designate designates the Administrative Agent, its agents, representatives and designees as its agent and attorney-in-fact for this purpose. In the event that any re-recording or refiling thereof (or the filing of any 100 statements of continuation or assignment of any financing statement) is reasonably required to protect and preserve such Lien, the Borrowers Borrower shall, at the Borrowers' Borrower's cost and expense, cause the same to be recorded and/or refiled at the time and in the manner reasonably requested by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Ross Technology Inc)

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Filing and Recording. The Borrowers Borrower shall, at their its sole cost and -------------------- expense, cause all instruments financing statements and documents given as evidence of security other Security Documents pursuant to this Agreement to be duly recorded and/or filed or otherwise perfected in all places necessary, in the opinion of the Administrative Agent, and take such other actions as the Administrative Agent may reasonably request, in order to perfect and protect the Liens of the Administrative Agent and Lenders Agent, for the ratable benefit of the Banks, in the Collateral. The BorrowersBorrower, to the extent permitted by law, hereby authorize authorizes the Administrative Agent to file any financing statement in respect of any Lien created pursuant to the Security Documents which may at any time be required or which, in the opinion of the Administrative Agent, may at any time be desirable desirable, although the same may have been executed only by the Administrative Agent or, at the option of the Administrative Agent, to sign such financing statement on behalf of the Borrowers Borrower and the Guarantors and file the same, and the Borrowers Borrower hereby irrevocably designate designates the Administrative Agent, its agents, representatives and designees as its agent and attorney-in-fact for this purpose. In the event that any re-recording or refiling thereof (or the filing of any statements of continuation or assignment of any financing statement) is required to protect and preserve such Lien, the Borrowers Borrower shall, at the Borrowers' Borrower's cost and expense, cause the same to be recorded and/or refiled at the time and in the manner requested by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Cellstar Corp)

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