Common use of Perfection of Security Clause in Contracts

Perfection of Security. Each Obligor shall have duly authorized, executed, acknowledged, delivered, filed, registered and recorded such security agreements, notices, financing statements, memoranda of intellectual property security interests and other instruments as the Agent may have reasonably requested in order to perfect the Liens purported or required pursuant to the Credit Documents to be created in the Credit Security and shall have paid all filing or recording fees or taxes required to be paid in connection therewith, including any recording, mortgage, documentary, transfer or intangible taxes.

Appears in 5 contracts

Samples: Credit Agreement (Nextera Enterprises Inc), Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Nextera Enterprises Inc)

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Perfection of Security. Each Obligor The Obligors shall have duly authorized, executed, acknowledged, delivered, filed, registered acknowledged and recorded delivered to the Lender for filing such security agreements, notices, financing statements, memoranda of intellectual property security interests statements and other instruments as the Agent Lender may have reasonably requested in order to perfect the Liens liens purported or required pursuant to the Credit Documents to be created in the Credit Security (as defined in the Guarantee and Security Agreement) and shall have paid all filing or recording fees or taxes required to be paid in connection therewith, including any recording, mortgage, documentary, transfer or intangible taxes.

Appears in 1 contract

Samples: Demand Credit Agreement (Nextera Enterprises Inc)

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