Continue Perfection Clause Samples
The "Continue Perfection" clause ensures that a secured party's interest in collateral remains perfected, or legally enforceable against third parties, even after certain changes occur, such as the debtor moving to a new jurisdiction or the collateral being transferred. In practice, this clause typically requires the debtor to take all necessary actions—like filing new financing statements or providing notifications—to maintain the secured party's perfected status. Its core function is to prevent lapses in perfection that could jeopardize the secured party's priority or rights, thereby protecting their interests throughout the life of the security agreement.
Continue Perfection. To take any and all actions on behalf of and in the name of Loan Parties, at Loan Parties' expense, which are necessary or advisable to ensure that (A) the liens granted pursuant to the Loan Agreement at all times constitute perfected liens in favor of Agent, for the benefit of the Lender and the Agent, and (B) such liens are at all times prior to all other liens on the Collateral, and will be enforceable as such against (w) all creditors of, and purchasers from, Loan Parties, (x) any owner or purchaser of the real property where any of the Equipment is located, (y) any present or future creditor obtaining a lien on such real property, and (z) any other third party.
Continue Perfection. To take any and all actions on behalf of and in the name of the Borrower, at the Borrower's expense, which are necessary or advisable to ensure that (i) the Liens granted pursuant to this Security Agreement at all times constitute perfected Liens in favor of the Lender, and (ii) such Liens are at all times prior to all other Liens on the Collateral and will be enforceable as such against all creditors of, and purchasers from, the Borrower and against any owner or purchaser of the real property where any of the Equipment is located and any present or future creditor obtaining a Lien on such real property.
Continue Perfection. To take any and all actions on behalf of and in the name of such Grantor, at such Grantor's expense, which are necessary or advisable to ensure that (i) the Liens granted pursuant to this Agreement at all times constitute perfected Liens in favor of the Collateral Agent, for the ratable benefit of the Lenders, and (ii) such Liens are at all times prior to all other Liens on the Guarantee Collateral and will be enforceable as such against all creditors of, and purchasers from, such Grantor and against any owner or purchaser of the real property where any of the Equipment is located and any present or future creditor obtaining a Lien on such real property.
Continue Perfection. To take any and all actions on behalf of and in the name of the Company, at the Company's expense, which are necessary or advisable to ensure that (i) the Liens granted pursuant to this Agreement at all times constitute perfected Liens in favor of the Collateral Agent, for the ratable benefit of the Lenders, and (ii) such Liens are at all times prior to all other Liens on the Pledged Collateral and will be enforceable as such against (x) all creditors of, and purchasers from, the Company, (y) any present or future creditor obtaining a Lien on the Pledged Collateral, and (z) any other third party.
Continue Perfection. To take any and all actions on behalf of and in the name of such Pledgor, at such Pledgor's expense, which are necessary or advisable to ensure that (i) the Liens granted pursuant to this Agreement at all times constitute perfected Liens in favor of the Collateral Agent, for the ratable benefit of the Lenders, and (ii) such Liens are at all times prior to all other Liens on the Pledged Collateral and will be enforceable as such against (x) all creditors of, and purchasers from, such Pledgor, (y) any present or future creditor obtaining a Lien on the Pledged Collateral, and (z) any other third party.
Continue Perfection. To take any and all actions on behalf of and in the name of the Company, at the Company's expense, which are necessary or advisable to ensure that (i) the Liens granted pursuant to this Security Agreement at all times constitute perfected Liens in favor of the Collateral Agent, for the ratable benefit of the Lenders, and (ii) such Liens are at all times prior to all other Liens on the Collateral and will be enforceable as such against all creditors of, and purchasers from, the Company and against any owner or purchaser of the real property where any of the Equipment is located and any present or future creditor obtaining a Lien on such real property.