Common use of Method of Collateral Transfer Clause in Contracts

Method of Collateral Transfer. 6.4 The transfer of Collateral to the Security Agent Custodian to be held for the benefit of the Security Agent shall be done in the following manner (with any and all other actions necessary to create in favor of the Security Agent a valid, first-priority security interest in each item of Collateral under applicable law and regulations (including Articles 8 and 9 of the UCC) in effect at the time of such transfer):

Appears in 3 contracts

Samples: Security Agreement (FS Investment Corp II), Security Agreement (FS Energy & Power Fund), Security Agreement (FS Investment CORP)

AutoNDA by SimpleDocs

Method of Collateral Transfer. 6.4 The transfer of Collateral to the Security Agent Custodian to be held for the benefit of the Security Agent shall be done in the following manner (with any and all other actions necessary to create in favor of the Security Agent a valid, first-priority security interest in each item of Collateral under applicable law and regulations (including Articles 8 and 9 of the UCC) in effect at the time of such transfer):

Appears in 1 contract

Samples: Security Agreement (CM Finance Inc)

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