Common use of Collateral Information; Perfection of Liens Clause in Contracts

Collateral Information; Perfection of Liens. The Administrative Agent shall have received complete and accurate information from each Borrower with respect to the name and the location of the principal place of business and chief executive office for each Borrower and each Borrower Subsidiary; all Uniform Commercial Code and other filing and recording fees and taxes shall have been paid or duly provided for; and the Administrative Agent shall have received evidence to its satisfaction that all Liens granted to the Administrative Agent with respect to all Collateral are valid, effective, perfected and of first priority, except as otherwise permitted under this Agreement, including, without limitation, all affirmations of collateral documents and guarantees and amendments to federal intellectual property filings requested by the Administrative Agent. All certificates representing Capital Stock included in the Collateral shall have been delivered to the Administrative Agent (with duly executed stock powers, as appropriate) and all instruments included in the Collateral shall have been delivered to the Administrative Agent (duly endorsed to the Administrative Agent).

Appears in 3 contracts

Samples: Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc), Credit Agreement (NMHG Holding Co)

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Collateral Information; Perfection of Liens. The Administrative Agent shall have received complete and accurate information from each Borrower the Borrowers with respect to the name legal name, the jurisdiction of organization and the location of the principal place of business and chief executive office for each Borrower and each Borrower SubsidiaryBorrower; all Uniform Commercial Code and other filing and recording fees and taxes shall have been paid or duly provided for; and the Administrative Agent shall have received evidence to its the satisfaction of the Lenders that all Liens granted to the Administrative Agent with respect to all Collateral are valid, effective, perfected and of first priority, except as otherwise permitted under this Agreement, including, without limitation, all affirmations and except for the filing of collateral documents UCC-1 financing statements and guarantees filings with the United States Patent and amendments to federal intellectual property filings requested by the Administrative AgentTrademark Office. All certificates representing Capital Stock included in the Collateral shall have been delivered to the Administrative Agent (with duly executed stock powers, as appropriate) and all promissory notes and instruments included in the Collateral shall have been delivered to the Administrative Agent (duly endorsed to the Administrative Agent, as appropriate).

Appears in 1 contract

Samples: Credit Agreement (Barneys New York Inc)

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Collateral Information; Perfection of Liens. The Administrative Agent shall have received complete and accurate information from each Borrower with respect to the name and the location of the principal place of business and chief executive office for each Borrower Credit Party and each Borrower SubsidiaryPledged Entity; all Uniform Commercial Code and other filing and recording fees and taxes shall have been paid or duly provided for; and the Administrative Agent shall have received evidence to its satisfaction that all Liens granted to the Administrative Agent with respect to all Collateral are valid, effective, perfected and of first priority, except as set forth in the Intercreditor Agreement and as otherwise permitted under this Agreement, including, without limitation, all affirmations of collateral documents and guarantees and amendments to federal intellectual property filings requested by the Administrative Agent. All Subject to the Intercreditor Agreement, all certificates representing Capital Stock included in the Collateral shall have been delivered to the Administrative Agent (with duly executed stock powers, as appropriate) and all instruments included in the Collateral shall have been delivered to the Administrative Agent (duly endorsed to the Administrative Agent).

Appears in 1 contract

Samples: Credit Agreement (NMHG Holding Co)

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