Common use of Financing Statements, Etc Clause in Contracts

Financing Statements, Etc. At least five (5) Business Days before each Loan hereunder with respect to the financing or refinancing of Equipment by EGF VI (or any Marine Subsidiary or Owner Trustee of EGF VI), (i) there shall have been filed in all applicable jurisdictions Uniform Commercial Code financing statements naming EGF VI (or if applicable, a Marine Subsidiary or Owner Trustee of EGF VI) as "debtor" and the Agent as "secured party" (or Uniform Commercial Code financing statement amendments, as applicable) (which financing statements or financing statement amendments shall be in form and substance acceptable to the Agent) to perfect the security interest of the Agent in such Equipment and all related Collateral, (ii) there shall have been executed, filed and/or recorded in all applicable jurisdictions such other instruments or documents as the Agent deems necessary or advisable to perfect its security interest in such Equipment and all related Collateral, including without limitation, additional security agreements, ship mortgages and chattel mortgages, and (iii) Agent shall have received such Lien and judgment searches, opinions, releases, termination statements, and other documents and instruments as Agent shall reasonably request to confirm that upon the consummation of such financing or refinancing Agent shall have a first priority perfected security interest in such Equipment and all related Collateral subject to no other Liens other than Permitted Liens.

Appears in 2 contracts

Samples: Warehousing Credit Agreement (Professional Lease Management Income Fund I LLC), Warehousing Credit Agreement (PLM Equipment Growth Fund V)

AutoNDA by SimpleDocs

Financing Statements, Etc. At least five (5) Business Days before each Loan hereunder with respect to the financing or refinancing of Equipment by EGF VI Acquisub (or any Marine Subsidiary or Owner Trustee of EGF VIAcquisub), (i) there shall have been filed in all applicable jurisdictions Uniform Commercial Code financing statements naming EGF VI Acquisub (or if applicable, a Marine Subsidiary or Owner Trustee of EGF VIAcquisub) as "debtor" and the Agent as "secured party" (or Uniform Commercial Code financing statement amendments, as applicable) (which financing statements or financing statement amendments shall be in form and substance acceptable to the Agent) to perfect the security interest of the Agent in such Equipment and all related Collateral, (ii) there shall have been executed, filed and/or recorded in all applicable jurisdictions such other instruments or documents as the Agent deems necessary or advisable to perfect its security interest in such Equipment and all related Collateral, including without limitation, additional security agreements, ship mortgages and chattel mortgages, and (iii) Agent shall have received such Lien and judgment searches, opinions, releases, termination statements, and other documents and instruments as Agent shall reasonably request to confirm that upon the consummation of such financing or refinancing Agent shall have a first priority perfected security interest in such Equipment and all related Collateral subject to no other Liens other than Permitted Liens.

Appears in 2 contracts

Samples: Warehousing Credit Agreement (PLM Equipment Growth Fund V), Warehousing Credit Agreement (Professional Lease Management Income Fund I LLC)

Financing Statements, Etc. At least five (5) Business Days before each Loan hereunder with respect to the financing or refinancing of Equipment by EGF VI Income Fund I (or any Marine Subsidiary or Owner Trustee of EGF VIIncome Fund I), (i) there shall have been filed in all applicable jurisdictions Uniform Commercial Code financing statements naming EGF VI Income Fund I (or if applicable, a Marine Subsidiary or Owner Trustee of EGF VIIncome Fund I) as "debtor" and the Agent as "secured party" (or Uniform Commercial Code financing statement amendments, as applicable) (which financing statements or financing statement amendments shall be in form and substance acceptable to the Agent) to perfect the security interest of the Agent in such Equipment and all related Collateral, (ii) there shall have been executed, filed and/or recorded in all applicable jurisdictions such other instruments or documents as the Agent deems necessary or advisable to perfect its security interest in such Equipment and all related Collateral, including without limitation, additional security agreements, ship mortgages and chattel mortgages, and (iii) Agent shall have received such Lien and judgment searches, opinions, releases, termination statements, and other documents and instruments as Agent shall reasonably request to confirm that upon the consummation of such financing or refinancing Agent shall have a first priority perfected security interest in such Equipment and all related Collateral subject to no other Liens other than Permitted Liens.

Appears in 2 contracts

Samples: Warehousing Credit Agreement (PLM Equipment Growth Fund V), Warehousing Credit Agreement (Professional Lease Management Income Fund I LLC)

AutoNDA by SimpleDocs

Financing Statements, Etc. At least five (5) Business Days before each Loan hereunder with respect to the financing or refinancing of Equipment by EGF VI V (or any Marine Subsidiary or Owner Trustee of EGF VIV), (i) there shall have been filed in all applicable jurisdictions Uniform Commercial Code financing statements naming EGF VI V (or if applicable, a Marine Subsidiary or Owner Trustee of EGF VIV) as "debtor" and the Agent as "secured party" (or Uniform Commercial Code financing statement amendments, as applicable) (which financing statements or financing statement amendments shall be in form and substance acceptable to the Agent) to perfect the security interest of the Agent in such Equipment and all related Collateral, (ii) there shall have been executed, filed and/or recorded in all applicable jurisdictions such other instruments or documents as the Agent deems necessary or advisable to perfect its security interest in such Equipment and all related Collateral, including without limitation, additional security agreements, ship mortgages and chattel mortgages, and (iii) Agent shall have received such Lien and judgment searches, opinions, releases, termination statements, and other documents and instruments as Agent shall reasonably request to confirm that upon the consummation of such financing or refinancing Agent shall have a first priority perfected security interest in such Equipment and all related Collateral subject to no other Liens other than Permitted Liens."

Appears in 1 contract

Samples: Warehousing Credit Agreement (PLM Equipment Growth & Income Fund Vii)

Time is Money Join Law Insider Premium to draft better contracts faster.