Common use of Defective Perfection Clause in Contracts

Defective Perfection. If Agent shall receive at any time following the Closing Date an SOS Report indicating that Agent’s security interest in the Collateral is not prior to all other security interests or Liens of record reflected in the report other than as a result of Agent’s failure to file or maintain its Lien or Liens securing Permitted Indebtedness that is allowed to be prior to Agent’s security interest.

Defective Perfection. If Collateral Agent shall receive at any time following the Closing Date an SOS Report indicating that except for Permitted Liens, Collateral Agent’s security interest in the Collateral is not prior to all other security interests or Liens of record reflected in the report other than as a result of Agent’s failure to file or maintain its Lien or Liens securing Permitted Indebtedness that is allowed to be prior to Agent’s security interest.report;

Defective Perfection. If Agent shall receive at any time following the Closing Date an SOS Report indicating that except for Permitted Liens, Agent’s security interest in the Collateral is not prior to all other security interests or Liens of record reflected in the report other than as a result of Agent’s failure to file or maintain its Lien or Liens securing Permitted Indebtedness that is allowed to be prior to Agent’s security interest.report;

Defective Perfection. If Agent shall receive at any time following the Closing Date an SOS Report indicating that Agent’s security interest in the Collateral is not prior to all other security interests or Liens of record reflected in the report other than as a result of Agent’s failure to file or maintain its Lien or Permitted Liens securing Permitted Indebtedness or other obligations that is allowed permitted hereunder to be prior to Agent’s security interest.interest pursuant to Section 4.1. 8.5