Common use of PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN Clause in Contracts

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. The Borrowers agree that they shall execute and deliver to the Lender, concurrently with the execution of this Agreement, and at any time or times hereafter at the request of the Lender, all financing statements (and the Borrowers shall pay the cost of filing or recording the same in all public offices deemed necessary by the Lender) or other instruments and documents as the Lender may reasonably request, in a form satisfactory to the Lender, to perfect and keep perfected the Liens in the Collateral or to otherwise protect and preserve the Collateral and the Lender’s Liens therein. If the Borrowers fail to do so, the Lender is authorized to sign any such financing statements (or, if no signature is required in the filing jurisdiction, file such financing statements without any Borrower’s signature) as the Borrowers’ agent. The Borrowers further agree that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 4 contracts

Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc), Term Loan and Security Agreement (Summit Healthcare REIT, Inc), Term Loan and Security Agreement (Summit Healthcare REIT, Inc)

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PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. The Borrowers agree Borrower agrees that they it shall execute and deliver to the LenderAgent, concurrently with the execution of this Agreement, and at any time or times hereafter at the request of the LenderAgent, all financing statements (and the Borrowers Borrower shall jointly and severally pay the cost of filing or recording the same in all public offices deemed necessary by the LenderAgent) or other instruments and documents as the Lender Agent may reasonably request, in a form satisfactory to the LenderAgent, to perfect and keep perfected the Liens in the Collateral or to otherwise protect and preserve the Collateral and the LenderAgent’s Liens therein. If the Borrowers fail Borrower fails to do so, the Lender Agent is authorized to sign any such financing statements (or, if no signature is required in the filing jurisdiction, file such financing statements without any the Borrower’s signature) as the Borrowers’ Borrower’s agent. The Borrowers Borrower further agree agrees that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 3 contracts

Samples: Term Loan and Security Agreement (Strawberry Fields REIT, Inc.), Term Loan and Security Agreement (Strawberry Fields REIT, Inc.), Term Loan and Security Agreement (Strawberry Fields REIT, Inc.)

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. The Borrowers agree Borrower agrees that they it shall execute and deliver to the Lender, concurrently with the execution of this Agreement, and at any time or times hereafter at the request of the Lender, all financing statements (and the Borrowers Borrower shall pay the cost of filing or recording the same in all public offices deemed necessary by the Lender) or other instruments and documents as the Lender may reasonably request, in a form satisfactory to the Lender, to perfect and keep perfected the Liens in the Collateral or to otherwise protect and preserve the Collateral and the Lender’s Liens therein. If the Borrowers fail Borrower fails to do so, the Lender is authorized to sign any such financing statements (or, if no signature is required in the filing jurisdiction, file such financing statements without any the Borrower’s signature) as the Borrowers’ Borrower’s agent. The Borrowers Borrower further agree agrees that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Tandem Health Care, Inc.), Term Loan and Security Agreement (Tandem Health Care, Inc.), Term Loan and Security Agreement (Tandem Health Care, Inc.)

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. The Borrowers agree that they shall execute and deliver to the LenderAgent, concurrently with the execution of this Agreement, and at any time or times hereafter at the request of the LenderAgent, all financing statements (and the Borrowers shall pay the cost of filing or recording the same in all public offices deemed necessary by the LenderAgent) or other instruments and documents as the Lender Agent may reasonably request, in a form satisfactory to the LenderAgent, to perfect and keep perfected the Liens in the Collateral (in favor of Agent for the benefit of Lenders and itself) or to otherwise protect and preserve the Collateral and the LenderAgent’s Liens therein. If the Borrowers fail to do so, the Lender Agent is authorized to sign any such financing statements (or, if no signature is required in the filing jurisdiction, file such financing statements without any Borrower’s signature) as the Borrowers’ agent. The Borrowers further agree that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc), Subordinated Term Loan and Security Agreement (Summit Healthcare REIT, Inc)

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. The Borrowers agree Borrower agrees that they it shall execute and deliver to the Lender, concurrently with the execution of this Agreement, and at any time or times hereafter at the request of the Lender, all financing statements (and the Borrowers Borrower shall pay the cost of filing or recording the same in all public offices deemed necessary by the Lender) or other instruments and documents as the Lender may reasonably request, in a form satisfactory to the Lender, to perfect and keep perfected the Liens in the Collateral or to otherwise protect and preserve the Collateral and the Lender’s Liens therein. If the Borrowers fail Borrower fails to do so, the Lender is authorized to sign any such financing statements (or, if no signature is required in the filing jurisdiction, file such financing statements without any the Borrower’s signature) as the Borrowers’ Borrower’s agent. The Borrowers Borrower further agree agrees that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc), Term Loan and Security Agreement (Cornerstone Core Properties REIT, Inc.)

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PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. The Borrowers agree Borrower agrees that they shall execute and deliver to the LenderAgent, concurrently with the execution of this Agreement, and at any time or times hereafter at the request of the LenderAgent, all financing statements (and the Borrowers Borrower shall pay the cost of filing or recording the same in all public offices deemed necessary by the LenderAgent) or other instruments and documents as the Lender Agent may reasonably request, in a form satisfactory to the LenderAgent, to perfect and keep perfected the Liens in the Collateral (in favor of Agent for the benefit of Lenders and itself) or to otherwise protect and preserve the Collateral and the LenderAgent’s Liens therein. If the Borrowers Borrower fail to do so, the Lender Agent is authorized to sign any such financing statements (or, if no signature is required in the filing jurisdiction, file such financing statements without any Borrower’s signature) as the Borrowers’ Borrower’s agent. The Borrowers Borrower further agree that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 1 contract

Samples: Mezzanine Term Loan and Security Agreement (Summit Healthcare REIT, Inc)

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. The Borrowers agree that they Borrower shall execute and deliver to the Lender, concurrently with the execution of this Agreement, and at any time or times hereafter at the reasonable request of the Lender, all financing statements statements, instruments or other documents (and the Borrowers shall pay the cost of filing or recording the same in all public offices deemed necessary by the Lender) or other instruments and documents ), as the Lender may reasonably request, in a form reasonably satisfactory to the Lender, to perfect and keep perfected the security interest and Liens in the Collateral granted by Borrower to Lender, or to otherwise protect and preserve the Collateral and Lender's security interest and Liens therein or to enforce Lender's security interests and Liens in the Lender’s Liens thereinCollateral. If the Borrowers Should Borrower fail to do so, the Lender is authorized to sign any such financing statements (or, if no signature is required in the filing jurisdiction, file such financing statements without any as Borrower’s signature) as the Borrowers’ 's agent. The Borrowers Borrower further agree agrees that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Digital Technologies Corp)

PRESERVATION OF COLLATERAL AND PERFECTION OF SECURITY INTERESTS THEREIN. The Borrowers agree Borrower agrees that they it shall execute and deliver to the LenderAgent, concurrently with the execution of this Agreement, and at any time or times hereafter at the request of the Lender, all financing statements (and the Borrowers shall pay the cost of filing or recording the same in all public offices deemed necessary by the Lender) or other Agent instruments and documents as the Lender Agent may reasonably request, in a form satisfactory to the LenderAgent, to perfect and keep perfected the Liens in the Collateral or to otherwise protect and preserve the Collateral and the LenderAgent’s Liens thereintherein (including, without limitation, if and as applicable, financing statements, and the Borrower shall pay the cost of filing or recording the same in all public offices deemed necessary by the Agent). If the Borrowers fail Borrower fails to do so, the Lender Agent is authorized to sign any such financing statements (or, if no signature is required in the filing jurisdiction, file such financing statements without any the Borrower’s signature) as the Borrowers’ Borrower’s agent. The Borrowers Borrower further agree agrees that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement is sufficient as a financing statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Phoenix Footwear Group Inc)

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