Common use of General perfection Clause in Contracts

General perfection. The Security Provider must take, at its own expense, promptly, and in any event within any applicable time limit: (a) whatever action is necessary or desirable; and (b) any action which the Collateral Agent or any other Finance Party may require, to ensure that this Security is as of the first Drawdown Date, and will continue to be until the end of the Security Period, a validly created, attached, enforceable and perfected first priority (except to the extent priority is affected as a result of a Permitted Encumbrance) continuing security interest in the Collateral, in all relevant jurisdictions, securing payment and performance of the Secured Liabilities. This includes the giving of any notice, order or direction, the making of any filing or registration, the passing of any resolution and the execution and delivery of any documents or agreements which the Collateral Agent may think expedient.

General perfection. The Security Provider Pledgor must take, at its own expense, promptly, and in any event within any applicable time limit: (a) whatever action is necessary or desirablenecessary; and (b) any other action which the Collateral Agent or any other Finance Party may reasonably require, to ensure that this Security is as of the first Drawdown Datedate hereof, and will continue to be until the end of the Security Period, a validly created, attached, enforceable and perfected first priority (except to the extent priority is affected as a result of a Permitted Encumbrance) continuing security interest in the Pledged Collateral, in all relevant jurisdictions, securing payment and performance of the Secured Liabilities. This includes the giving of any notice, order or direction, the making of any filing or registration, the passing of any resolution and the execution and delivery of any documents or agreements which the Collateral Agent may think expedientreasonably require.