Perfection as to Certificated Securities. When such Lien Grantor delivers the certificate representing any Pledged Certificated Security owned by it to the Administrative Agent and complies with Section 5(e) in connection with such delivery, (i) the Transaction Lien on such Pledged Certificated Security will be perfected, subject to no prior Liens or rights of others, (ii) the Administrative Agent will have Control of such Pledged Certificated Security and (iii) the Administrative Agent will be a protected purchaser (within the meaning of UCC Section 8-303) thereof.
Perfection as to Certificated Securities. Subject to Section 28 hereof, when such Grantor delivers the certificate representing any Pledged Certificated Security owned by it to the Agent and complies with Section 7(h) in connection with such delivery, (i) the Transaction Lien on such Pledged Certificated Security will be perfected, subject to no prior Liens or rights of others (other than Permitted Collateral Liens), (ii) the Agent will have Control of such Pledged Certificated Security and (iii) assuming the Agent does not have notice of any adverse claim to such Perfected Certificated Security (it being understood and agreed that as of the Closing Date, the Agent does not have notice of any adverse claim to such Perfected Certificated Security other than Term Agent’s claim under the Security Documents (as defined in the Term Loan Agreement)), the Agent will be a protected purchaser (within the meaning of UCC Section 8-303) thereof.
Perfection as to Certificated Securities. When such Lien Grantor delivers the certificate representing any Pledged Certificated Security owned by it to the Administrative Agent and complies with Section 9(e) in connection with such delivery, (i) the Transaction Lien on such Pledged Certificated Security will be perfected, subject to no prior Liens or rights of others, (ii) the Administrative Agent will have Control of such Pledged Certificated Security and (iii) provided that neither the Administrative Agent nor any Secured Party has any notice of any adverse claim, the Administrative Agent will be a protected purchaser (within the meaning of UCC Section 8-303) thereof.
Perfection as to Certificated Securities. When such Lien Grantor delivers the certificate representing any Pledged Certificated Security owned by it to the Applicable Agent and complies with Section 7(h) in connection with such delivery, (i) the Transaction Lien on such Pledged Certificated Security will be perfected, subject to no prior Liens or rights of others (except non-consensual Liens permitted under Section 6.01 of the Credit Agreement having priority as a matter of law), (ii) the Applicable Agent will have Control of such Pledged Certificated Security and (iii) the Applicable Agent will be a protected purchaser (within the meaning of UCC Section 8-303) thereof.
Perfection as to Certificated Securities. When such Lien Grantor delivers the certificate representing any Pledged Certificated Security owned by it to the Collateral Agent and complies with Section 9(j) in connection with such delivery, (i) the Transaction Lien on such Pledged Certificated Security will be perfected, subject to no prior Liens or rights of others (other than Liens permitted by Section 6.01(b) or Section 6.01(g) of the Credit Agreement), (ii) the Collateral Agent will have Control of such Pledged Certificated Security and (iii) the Collateral Agent will be a protected purchaser (within the meaning of UCC Section 8-303) thereof.
Perfection as to Certificated Securities. Such Lien Grantor represents and warrants on the first day of a Collateral Period and on each Drawdown Date, that to the extent perfection is governed by the laws of Ontario, (a) the Pledge of the Pledged Certificated Securities owned by such Lien Grantor will be perfected by possession, provided that the Collateral Agent takes possession of the Pledged Certificated Securities and that possession thereof as collateral is retained by the Collateral Agent or a person on its behalf other than such Lien Grantor or its agent and (b) provided that the Collateral Agent is acting in good faith and has no notice of any adverse claim affecting the Pledged Certificated Securities, the Transaction Lien on the Pledged Certificated Securities has priority over any other security interest in the Pledged Certificated Securities perfected by registration or temporarily perfected under the PPSA.
Perfection as to Certificated Securities. Such Lien Grantor represents and warrants at the time that such Lien Grantor delivers the certificate representing any Pledged Certificated Security owned by such Lien Grantor to the Collateral Agent and complies with Section 5(c) in connection with such delivery, and assuming the Collateral Agent has no notice of any adverse claim, that to the extent that perfection is governed by the laws of a jurisdiction in the United States, (i) the Pledge of such Pledged Certificated Security will be perfected, subject to no prior Liens or rights of others other than tax liens, judgment liens, put/call arrangements and Liens existing on the date of this Agreement that are Permitted Liens, and (ii) the Collateral Agent will have Control of such Pledged Certificated Security.
Perfection as to Certificated Securities. Such Lien grantor represents and warrants on the first day of the Collateral Period and on each Drawdown Date, that to the extent perfection is governed by the laws of the Republic of Argentina, the Pledge of the Pledged Certificated Securities is perfected by (a) execution of this Agreement: (b) possession of the Certificated Securities by the Collateral Agent; (c) notification by the Lien Grantors to the issuer of the Pledged Certificated Securities regarding execution of this Pledge Agreement and the authority conveyed to the Collateral Agent to notify the issuer of the Pledged Certificated Securities of the need to register the Pledge on the Pledged Certificated Securities and on the corporate stock ledger on the first day of the Collateral Period; (d) effective notification by the Collateral Agent to the issuer of the Pledged Certificated Securities of the need to register the Pledge on the Pledged Certificated Securities and on the corporate stock ledger on the first day of the Collateral Period and (e) registration by the issuer of the Pledged Certificated Securities of the Pledge on the Pledged Certificated Securities on such issuer's stock ledger.
Perfection as to Certificated Securities. When such Lien Grantor delivers the certificate representing any Pledged Certificated Security owned by it to the Collateral Agent, together with an effective endorsement (as defined in UCC Sections 8-102(a)(ii) and 8-107), including an appropriate stock power, (i) the Transaction Lien on such Pledged Certificated Security will be perfected, subject to no Liens, other than Permitted Liens, and (ii) the Collateral Agent will have Control of such Pledged Certificated Security.
Perfection as to Certificated Securities. When at any time the Limited Recourse Pledgor delivers any certificate representing any Pledged Certificated Security owned by it to the Agent pursuant to Section 7(a), (i) the Transaction Lien on such Pledged Certificated Security will be perfected, subject to no prior Liens other than Permitted Liens arising by operation of law and (ii) the Agent will have Control of such Pledged Certificated Security.
