Security And Pledge Agreement Form

(b) authorization to file funding returns; ratification. This Grantor authorizes the officer to submit all funding and other documents and, if he wishes, notify the officer and take any other action that may be requested from time to time by the officer to maintain an advanced first security interest and, if necessary, the control of the security held by such a grantor. Any financing statement filed by the agent may be filed in a UCC jurisdiction in any reporting entity and may (i) indicate these grantors` security (1) as all grantoroder assets or words having a similar effect, that a particular asset contained in the guarantees falls within the scope of Article 9 of the UCC or such jurisdiction , or (2) by another description that is appropriately similar to the description in this security agreement and (ii) contain all other information necessary to accept a statement or change of funds in Article 9, Part 5 of the UCC, including (A) whether that grantor is an organization, the type of organization and an organization identification number issued to that grantoror , and (B) in the event of a declaration of funding that is filed in the form of an installation declaration or, a sufficient description of the property on which the guarantee relates. This Grantor also undertakes to make immediately available to the agent, upon request, the information described in the sentence above. “Choose Michigan Collateral” refers to all collateral because the term is defined in this credit agreement that came into effect on August 26, 2009 by and under the Michigan Strategic Fund, the agency`s agency and public policy agency and policy within the Michigan Department of Finance, and the borrower may be modified, adapted, completed or modified from time to time. 3.1. Title, authorization, perfection and priority, nature and jurisdiction of the organization, organisational and identification numbers. (a) This grantor has valid rights over or over: to transfer the security and ownership of the security for which it claims to have granted an interest in security, free and free of all Links, with the exception of Links authorized by Section 4.1(e), and is full civil society, limited partnership, limited partnership, corporation, company, company, social power , if so, and the power to grant the officer the safety interest in the security referred to in point 4.1 (e). The performance and provision of this security agreement by this security agreement by this security contract has been duly approved by a company, limited liability company, limited limited partnership or company, if applicable, procedure, and this security agreement constitutes a legal, valid and binding obligation of this grantor and creates a security interest applicable to this grantor for all guarantees it now holds or acquires below.

, unless enforceable force is limited by (i) bankruptcy, insolvency, fraudulent transmission, reorganization or similar laws that affect or affect the application of creditors` rights in general, (ii) general principles (whether taken into account in a fairness or legal process) and (iii) requirements of adequacy, good faith and fair trade. Where funding returns, in the attached form, have been filed as Appendix L in the relevant offices against this grantor at the points listed in Appendix H, the officer has a fully advanced senior security interest for this security interest for that guarantee, to which a security interest may be supplemented by the submission of a funding statement under the UCC , subject to links authorized in accordance with Section 4.1 e). (d) equipment. This grantor must immediately inform the agent of any supplements to 3.8 or 3.8. Accounts and papers. The names of the debtors, the amounts due, the due dates and other information relating to his accounts and paper are and are correctly used in all recordings of this Grantors