Certain Perfection Requirements Clause Samples
Certain Perfection Requirements. 4.1 Delivery, Control and Intellectual Property Recording Requirements—Collateral Owned on the Original Issue Date.
(a) With respect to any Certificated Securities included in the Collateral, each Grantor shall deliver to the Collateral Trustee the Security Certificates evidencing such Certificated Securities duly indorsed by an effective indorsement (within the meaning of Section 8-107 of the UCC), or accompanied by share transfer powers or other instruments of transfer duly endorsed by such an effective endorsement, in each case, to the Collateral Trustee or in blank. In addition, each Grantor shall cause any certificates, if any, evidencing any Pledged Equity Interests, including, without limitation, any Pledged Partnership Interests or Pledged LLC Interests, to be similarly delivered to the Collateral Trustee regardless of whether such Pledged Equity Interests constitute Certificated Securities;
(b) With respect to any Instruments included in the Collateral, each Grantor shall use commercially reasonable efforts to deliver to the Collateral Trustee all such Instruments duly indorsed in blank; provided, however, that such delivery requirement shall not apply to any Instruments having a face amount of less than $4.0 million;
(c) With respect to any Tangible Chattel Paper included in the Collateral, each Grantor shall use commercially reasonable efforts to deliver to the Collateral Trustee all such Tangible Chattel Paper duly indorsed in blank; provided, however, that such delivery requirement shall not apply to (i) any Tangible Chattel Paper having a face amount of less than $7.5 million and (ii) any Tangible Chattel Paper relating to accounts receivable payable by a Person that is not a Grantor that are due to a Grantor within 60 days of sale and that arise in the ordinary course of business pursuant to forms of sales documentation containing a grant or reservation of security interest clause in favor of a Grantor;
(d) With respect to any Deposit Accounts, Securities Accounts, Security Entitlements, Commodity Accounts and Commodity Contracts included in the Collateral, each Grantor shall use commercially reasonable efforts to cause the Collateral Trustee to have Control thereof, for any Deposit Accounts, Securities Accounts, Security Entitlements, Commodity Accounts and Commodity Contracts as set forth on Schedule 5.2(I) as of the Original Issue Date; provided, however, that such Control requirement shall not apply to any accounts held outside of the Un...
Certain Perfection Requirements. From the Effective Date, and thereafter until the Termination Date, each Grantor agrees that:
Certain Perfection Requirements. Section 4.01. Delivery Requirements 15 Section 4.02. Control Requirements 16 Section 4.03. Intellectual Property Recording Requirements 16 Section 4.04. Other Actions 17 Section 4.05. Timing and Notice 18
Certain Perfection Requirements. 12 4.1 Delivery Requirements 12 4.2 Control Requirements 12 4.3 Intellectual Property Recording Requirements 13 4.4 Other Actions 13 4.5 Timing and Notice 13 Section 5. REPRESENTATIONS AND WARRANTIES. 13 5.1 Grantor Information & Status 14 5.2 Collateral Identification, Special Collateral 14 5.3 Ownership of Collateral and Absence of Other Liens 15 5.4 Status of Security Interest 15 5.5 Pledged Equity Interests, Investment Related Property 16 5.6 Intellectual Property 16 Section 6. COVENANTS AND AGREEMENTS. 17 6.1 Grantor Information & Status 17 6.2 Collateral Identification; Special Collateral 18
Certain Perfection Requirements