Continued Perfection Clause Samples
The Continued Perfection clause ensures that a secured party’s interest in collateral remains legally protected and enforceable throughout the duration of a security agreement. This clause typically requires the debtor to take all necessary actions, such as filing financing statements or providing additional documentation, to maintain the perfection of the security interest even if circumstances change, such as the relocation of collateral or changes in the debtor’s name. Its core function is to prevent lapses in the secured party’s rights, thereby minimizing the risk of losing priority or enforceability against third parties.
Continued Perfection. The Borrower shall take such actions as reasonably requested by the Bondholder Representative (including the filing of UCC financing statements) as may be necessary to maintain the liens of the Trustee pursuant to the Mortgage as continuously perfected first priority liens on the property therein described.
Continued Perfection. The Borrowers consent to the filing by the Administrative Agent of appropriate UCC-3 Financing Statement Amendments adding the applicable L/C Collateral against the U.S. Borrower.
Continued Perfection. The Pledgor agrees that it will not take any actions or fail to perform any of its duties or obligations under this Agreement so that after giving effect to such action or inaction the Secured Party will cease to have, or with the passage of time cease to have, a perfected security interest in any of the Collateral. The Pledgor hereby further authorizes the Secured Party to file one or more financing statements or financing change statements, and amendments thereto, relative to all or any part of the Collateral (without the signature of the Pledgor where required by applicable Requirements of Law).