Financing Statements, Direct Payments Sample Clauses

Financing Statements, Direct Payments. Each Credit Party hereby authorizes the Administrative Agent to file UCC-1 financing statements and any amendments thereto or continuations thereof, any Copyright Security Agreement, any Copyright Security Agreement Supplement, any Trademark Security Agreement and any other appropriate security documents or instruments and to give any notices reasonably necessary or desirable as determined by the Administrative Agent to perfect the Lien of the Administrative Agent for the benefit of the Secured Parties in the Collateral, in all cases without the signature of any Credit Party or to execute such items as attorney‑in‑fact for any Credit Party; provided, that the Administrative Agent shall provide copies of any such documents or instruments to the Borrower. Each Credit Party authorizes the Administrative Agent to use the descriptionall assets” or a similar description in any such UCC-1 financing statement. Each Credit Party further authorizes the Administrative Agent, at the time that any Event of Default shall have occurred and be continuing, to notify any account debtor that all sums payable to such Credit Party relating to the Collateral shall be paid directly to the Administrative Agent.
AutoNDA by SimpleDocs
Financing Statements, Direct Payments. Each Credit Party hereby authorizes the Administrative Agent to file UCC financing statements and any amendments thereto or continuations thereof, any Copyright Security Agreement, any Copyright Security Agreement Supplement, and any other appropriate security documents or instruments and to give any notices necessary or desirable to perfect the Lien of the Administrative Agent on behalf of itself, the Issuing Bank and the Lenders on the Collateral, in all cases without the signatures of any Credit Party or to execute such items as attorney-in-fact for any Credit Party; provided, that the Administrative Agent shall provide copies of any such documents or instruments to the Borrower. Each Credit Party further authorizes the Administrative Agent upon the occurrence of an Event of Default, and during the continuance of an Event of Default, to notify any account debtors that all sums payable to any Credit Party relating to the Collateral shall be paid directly to the Administrative Agent.
Financing Statements, Direct Payments. Each Credit Party hereby authorizes the Administrative Agent to file UCC and PPSA financing statements and any amendments thereto or continuations thereof, any Copyright Security Agreement, any Copyright Security Agreement Supplement, any Trademark Security Agreement, any Hypothec and any other appropriate security documents or instruments and to give any notices necessary or desirable to perfect the Lien of the Administrative Agent for the benefit of itself, the Issuing Bank and the Lenders on the Collateral, in all cases without the signature of any Credit Party or to execute such items as attorney-in-fact for any Credit Party; provided, that the Administrative Agent shall provide copies of any such documents or instruments to the Borrowers. Each Credit Party further authorizes the Administrative Agent to notify any account debtors that all sums payable to any Credit Party relating to the Collateral shall be paid directly to the Administrative Agent.
Financing Statements, Direct Payments. Each Credit Party hereby authorizes the Lender to file UCC financing statements and any amendments thereto or continuations thereof, any Copyright Security Agreement, any Copyright Security Agreement Supplement, and any other appropriate security documents or instruments and to give any notices necessary or desirable to perfect the Lien of the Lender on the Collateral, in all cases without the signatures of any Credit Party or to execute such items as attorney-in-fact for any Credit Party. Each Credit Party further authorizes the Lender upon the occurrence of an Event of Default, and during the continuation of such Event of Default, to notify any account debtors that all sums payable to any Credit Party relating to the Collateral shall be paid directly to the Lender.
Financing Statements, Direct Payments. Each Credit Party hereby authorizes the Administrative Agent to file UCC financing statements (or foreign equivalent) and any amendments thereto or continuations thereof, any Copyright Security Agreement, any Copyright Security Agreement Supplement, any Trademark Security Agreement and any other appropriate security documents or instruments and to give any notices necessary or desirable as determined by the Administrative Agent to perfect the Lien of the Administrative Agent (for the benefit of the Secured Parties) in the Collateral, in all cases without the signature of any Credit Party, or to execute such items as attorney-in-fact for any Credit Party. In the event the Administrative Agent exercises such power of attorney, the Administrative Agent shall provide to the Borrower copies of any such documents or instruments executed by the Administrative Agent. Each Credit Party authorizes the Administrative Agent to use the descriptionall assets” or a similar description in any such UCC financing statement. Each Credit Party further authorizes the Administrative Agent, at the time that any Event of Default shall have occurred and be continuing, to notify any account debtor that all sums payable to such Credit Party relating to the Collateral shall be paid directly to the Administrative Agent.
Financing Statements, Direct Payments. Confirmation of Receivables and Audit Rights. Each Debtor hereby authorizes the Secured Party to file Uniform Commercial Code financing statements (and any other filings) required in connection with the perfection or preservation of the security interest hereunder in respect of all or any part of the Collateral, and amendments thereto and continuations thereof with regard to such Collateral, without its signature, or, in the alternative, to execute such items on behalf of such Debtor pursuant to the powers of attorney granted in the preceding Section. Each Debtor further authorizes the Secured Party to confirm with any Account Debtor the amounts payable to such Debtor with regard to the Collateral and to participate with such Debtor in the audits of its respective Account Debtors. Each Debtor hereby further authorizes the Secured Party upon the occurrence and during the continuation of an Event of Default to notify any Account Debtor that all sums payable to such Debtor relating to the Collateral shall be paid directly to the Secured Party.
Financing Statements, Direct Payments. The Borrower hereby authorizes Lender to file UCC financing statements and any amendments thereto or continuations thereof and any other appropriate security documents or instruments and to give any notices necessary or desirable to perfect its Lien on the Collateral and (from and after the First Amendment Effective Date) Inventory Collateral and proceeds thereof, in all cases without the signature of Borrower or to execute such items as attorney-in-fact for Borrower; provided, that Lender shall provide copies of any such documents or instruments to Borrower. The Borrower further authorizes Lender upon the occurrence of a default under Article 6(b) or Article 6(c) hereof, and during the continuation of any such default, to notify any tenants that all sums payable to Borrower relating to the Collateral shall be paid directly to Lender.
AutoNDA by SimpleDocs
Financing Statements, Direct Payments. Confirmation of Receivables and Audit Rights. Each Debtor hereby authorizes the Special Collateral Agent to file Uniform Commercial Code financing statements (and any other filings) required in connection with the perfection or preservation of the security interest hereunder in respect of all or any part of the Collateral, and amendments thereto and continuations thereof with regard to such Collateral, without its signature, or, in the alternative, to execute such items on behalf of such Debtor pursuant to the powers of attorney granted in the preceding Section. Each Debtor further authorizes the Special Collateral Agent to confirm with any Account Debtor the amounts payable to such Debtor with regard to the Collateral and to participate with such Debtor in the audits of its respective Account Debtors. Each Debtor hereby further authorizes the Special Collateral Agent upon the occurrence and during the continuation of an Event of Default to notify any Account Debtor that all sums payable to such Debtor relating to the Collateral shall be paid directly to the Special Collateral Agent.
Financing Statements, Direct Payments. Each Credit Party hereby authorizes the Administrative Agent to file UCC financing statements and any amendments thereto or continuations thereof, any Copyright Security Agreement, any Trademark Security Agreement and any other appropriate security documents or instruments and to give any notices necessary or desirable to perfect the Lien of the Administrative Agent for the benefit of the Secured Parties on the Collateral, in all cases without the signature of any Credit Party or to execute such items as attorney-in-fact for any Credit Party; provided, that the Administrative Agent shall provide copies of any such documents or instruments to the Borrowers. Each Credit Party further authorizes the Administrative Agent to notify any account debtors that all sums payable to any Credit Party relating to the Collateral shall be paid directly to the Administrative Agent.
Financing Statements, Direct Payments. Each Credit Party hereby authorizes the Collateral Agent to file UCC financing statements and any amendments thereto or continuations thereof and any other appropriate security documents or instruments and to give any notices necessary or desirable to perfect the Lien of the Collateral Agent (for the benefit of the Secured Parties) on the Collateral, in all cases without the signature of any Credit Party or to execute such items as attorney-in-fact for any Credit Party; provided, that the Collateral Agent shall provide copies of any such documents or instruments to the Borrower. Each Credit Party further authorizes the Collateral Agent upon the occurrence of an Event of Default under Article 7(b) or Article 7(c) hereof, and during the continuation of any such Event of Default, to notify any Account Debtors or tenants that all sums payable to any Credit Party relating to the Collateral shall be paid directly to the Collateral Agent.
Time is Money Join Law Insider Premium to draft better contracts faster.