Common use of Perfection Covenants Clause in Contracts

Perfection Covenants. In order to evidence the interests of the Purchaser under this Agreement, the Seller shall, from time to time, at the Purchaser’s expense, take such action, or execute and deliver such instruments (other than filing financing statements) as may be reasonably necessary and reasonably requested in writing by the Collateral Agent to maintain the Purchaser’s ownership interest and to maintain and perfect, as a first-priority interest, the Purchaser’s security interest in the PSL Tranches of PSL Revenues sold hereunder. The Seller shall, upon the reasonable request of the Collateral Agent, from time to time and within the time limits established by Applicable Law and at the Purchaser’s expense, prepare and present to the Collateral Agent for the Collateral Agent’s authorization and approval all financing statements, amendments, continuations or other filings necessary to continue, maintain and perfect as a first- priority interest the Purchaser’s interest in the PSL Tranches of PSL Revenues sold hereunder. The Collateral Agent’s approval of such filings shall authorize the Seller to file such financing statements under the UCC. Notwithstanding anything else in the Transaction Documents to the contrary, the Seller shall not have any authority to file a termination, partial termination, release, partial release, or any amendment that deletes the name of a debtor or excludes collateral of any such financing statements, without the prior written consent of the Collateral Agent.

Perfection Covenants. In order to evidence the interests of the Purchaser under this Agreement, the Seller shall, from time to time, at the Purchaser’s expense, take such action, or execute and deliver such instruments (other than filing financing statements) as may be reasonably necessary and reasonably requested in writing by the Collateral Agent to maintain the Purchaser’s ownership interest and to maintain and perfect, as a first-first- priority interest, the Purchaser’s security interest in the PSL Tranches of PSL Revenues sold hereunder. The Seller shall, upon the reasonable request of the Collateral Agent, from time to time and within the time limits established by Applicable Law and at the Purchaser’s expense, prepare and present to the Collateral Agent for the Collateral Agent’s authorization and approval all financing statements, amendments, continuations or other filings necessary to continue, maintain and perfect as a first- first-priority interest the Purchaser’s interest in the PSL Tranches of PSL Revenues sold hereunder. The Collateral Agent’s approval of such filings shall authorize the Seller to file such financing statements under the UCC. Notwithstanding anything else in the Transaction Documents to the contrary, the Seller shall not have any authority to file a termination, partial termination, release, partial release, or any amendment that deletes the name of a debtor or excludes collateral of any such financing statements, without the prior written consent of the Collateral Agent.

Perfection Covenants. In order to evidence the interests of the Purchaser under this Agreement, the Seller shall, from time to time, at the Purchaser[’]’s expense, take such action, or execute and deliver such instruments (other than filing financing statements) as may be reasonably necessary and reasonably requested in writing by the Collateral Agent to maintain the Purchaser[’]’s ownership interest and to maintain and perfect, as a first-priority interest, the Purchaser[’]’s security interest in the PSL Tranches of PSL Revenues sold hereunder. The Seller shall, upon the reasonable request of the Collateral Agent, from time to time and within the time limits established by Applicable Law and at the Purchaser[’]’s expense, prepare and present to the Collateral Agent for the Collateral Agent[’]’s authorization and approval all financing statements, amendments, continuations or other filings necessary to continue, maintain and perfect as a first- first-priority interest the Purchaser[’]’s interest in the PSL Tranches of PSL Revenues sold hereunder. The Collateral Agent[’]’s approval of such filings shall authorize the Seller to file such financing statements under the UCC. Notwithstanding anything else in the Transaction Documents to the contrary, the Seller shall not have any authority to file a termination, partial termination, release, partial release, or any amendment that deletes the name of a debtor or excludes collateral of any such financing statements, without the prior written consent of the Collateral Agent.

Perfection Covenants. In order to evidence the interests of the Purchaser under this Agreement, the Seller shall, from time to time, at the Purchaser’’s expense, take such action, or execute and deliver such instruments (other than filing financing statements) as may be reasonably necessary and reasonably requested in writing by the Collateral Agent to maintain the Purchaser’’s ownership interest and to maintain and perfect, as a first-priority interest, the Purchaser’’s security interest in the PSL Tranches of PSL Revenues sold hereunder. The Seller shall, upon the reasonable request of the Collateral Agent, from time to time and within the time limits established by Applicable Law and at the Purchaser’’s expense, prepare and present to the Collateral Agent for the Collateral Agent’’s authorization and approval all financing statements, amendments, continuations or other filings necessary to continue, maintain and perfect as a first- first-priority interest the Purchaser’’s interest in the PSL Tranches of PSL Revenues sold hereunder. The Collateral Agent’’s approval of such filings shall authorize the Seller to file such financing statements under the UCC. Notwithstanding anything else in the Transaction Documents to the contrary, the Seller shall not have any authority to file a termination, partial termination, release, partial release, or any amendment that deletes the name of a debtor or excludes collateral of any such financing statements, without the prior written consent of the Collateral Agent.