Common use of Filings and Recording Clause in Contracts

Filings and Recording. Ambac shall have received evidence reasonably satisfactory to it of the filing and/or recording in all necessary jurisdictions (or such filing and/or recording having been provided for in a manner reasonably satisfactory to Ambac) of all documents and such appropriate instruments, in form and substance reasonably satisfactory to Ambac, as may be necessary in the reasonable opinion of Ambac to perfect the security interests created by the Pledge and Intercreditor Agreement, and all taxes, fees and other charges payable in connection with such execution, delivery, recording and filing shall have been paid. The Issuer shall be, as of the Closing Date, in compliance with the terms of the Transaction Documents to which it is a party.

Filings and Recording. Ambac shall have received evidence reasonably satisfactory to it of the filing and/or recording in all necessary jurisdictions (or such filing and/or recording having been provided for in a manner reasonably satisfactory to Ambac) of all documents and such appropriate instruments, in form and substance reasonably satisfactory to Ambac, as may be necessary in the reasonable opinion of Ambac to perfect the security interests created by the Pledge and Intercreditor Agreement, and all taxes, fees and other charges payable in connection with such execution, delivery, recording and filing shall have been paid. The Issuer Borrower shall be, as of the Closing Date, in compliance with the terms of the Transaction Documents to which it is a party.