Common use of No filings required Clause in Contracts

No filings required. The liens and security interests referred to in Section 5.1(a) hereof and in the other Facility Documents shall be deemed valid and perfected by entry of the Interim Order or the Final Order, as the case may be, whichever occurs first. The Lender shall not be required to file any financing statements, notices of Lien, mortgages or similar instruments in any jurisdiction or filing office, or to take possession of any Collateral or to take any other action in order to validate or perfect the liens and security interests granted by or pursuant to this Agreement, the Interim Order or the Final Order, as the case may be, or any other Facility Document. If the Lender shall, in its sole discretion, from time to time choose to file such financing statements, notices of Lien, mortgages or similar instruments, take possession of any Collateral, or take any other action to validate or perfect any such security interests or liens, all such documents shall be deemed to have been filed or recorded at the time and on the date of entry of the Interim Order or, if no Interim Order is obtained, the Final Order, and the Borrowers consent to the modification of the automatic stay under section 362 of the Bankruptcy Code to permit the Lender to file such financing statements, notices of Lien or similar instruments, take possession of any collateral, or take any other action to validate or perfect any such security interests or Liens.

No filings required. The liens and security interests referred to in Section 5.1(a) hereof hereof, and in the other Facility Documents shall be deemed valid and perfected by entry of the Interim Order or the Final Order, as the case may be, whichever occurs first. The Lender shall not be required to file any financing statements, notices of Lienlien, mortgages or similar instruments in any jurisdiction or filing office, or to take possession of any Collateral or to take any other action in order to validate or perfect the liens Liens and security interests granted by or pursuant to this Agreement, the Interim Order or the Final Order, as the case may be, or any other Facility Document. If the Lender shall, in its sole discretion, from time to time choose to file such financing statements, notices of Lienlien, mortgages or similar instruments, take possession of any Collateral, or take any other action to validate or perfect any such security interests or liens, all such documents shall be deemed to have been filed or recorded at the time and on the date of entry of the Interim Order or, if no Interim Order is obtained, the Final Order, and the Borrowers consent Borrower consents to the modification of the automatic stay under section s 362 of the Bankruptcy Code to permit the Lender to file such financing statements, notices of Lien lien or similar instruments, take possession of any collateral, or take any other action to validate or perfect any such security interests or Liensliens.

No filings required. The liens and security interests referred to in Section 5.1(a) hereof hereof, and in the other Facility Documents shall be deemed valid and perfected by entry of the Interim Order or the Final Order, as the case may be, whichever occurs first. The Lender shall not be required to file any financing statements, notices of Lienlien, mortgages or similar instruments in any jurisdiction or filing office, or to take possession of any Collateral or to take any other action in order to validate or perfect the liens Liens and security interests granted by or pursuant to this Agreement, the Interim Order or the Final Order, as the case may be, or any other Facility Document. If the Lender shall, in its sole discretion, from time to time choose to file such financing statements, notices of Lienlien, mortgages or similar instruments, take possession of any Collateral, or take any other action to validate or perfect any such security interests or liens, all such documents shall be deemed to have been filed or recorded at the time and on the date of entry of the Interim Order or, if no Interim Order is obtained, the Final Order, and the Borrowers consent Borrower consents to the modification of the automatic stay under section § 362 of the Bankruptcy Code to permit the Lender to file such financing statements, notices of Lien lien or similar instruments, take possession of any collateral, or take any other action to validate or perfect any such security interests or Liensliens.