PERFECTION OF ENCUMBRANCES. (a) The Collateral Agent shall have received results of searches or other evidence reasonably satisfactory to the Collateral Agent (in each case dated as of a date reasonably satisfactory to the Collateral Agent) indicating the absence of Encumbrances, except for Permitted Encumbrances, on the assets of the Loan Parties, except for which termination statements and releases reasonably satisfactory to the Collateral Agent are being tendered concurrently with such extension of credit.
Appears in 6 contracts
Samples: Loan and Security Agreement (Retail Ventures Inc), Loan and Security Agreement (Retail Ventures Inc), Loan and Security Agreement (DSW Inc.)
