Common use of Lien Search Clause in Contracts

Lien Search. The Administrative Agent shall have received (A) the results of a Lien search (including a search as to judgments, pending litigation and tax matters) made against the Borrower under the Uniform Commercial Code (or applicable judicial docket) as in effect in any state in which any of its assets are located, indicating among other things that its assets are free and clear of any Lien except for Liens permitted hereunder and (B) if required by the Administrative Agent, the results of a search of the appropriate judgment and tax lien records, showing no outstanding judgment or tax lien against the Borrower or any Guarantor.