Perfection Procedures Sample Clauses
The Perfection Procedures clause outlines the steps required to ensure that a security interest or lien is legally enforceable against third parties. Typically, this involves actions such as filing financing statements, delivering possession of collateral, or taking other legally mandated steps to "perfect" the interest under applicable law. By specifying these procedures, the clause ensures that the secured party's rights are protected and prioritized in the event of debtor default or bankruptcy, thereby reducing the risk of disputes over collateral ownership.
Perfection Procedures. The Guarantor shall execute and --------------------- deliver to the Agent concurrently with the execution of this Agreement Financing Statements on Form UCC-1 to be filed in the office of the Secretary of State of the State of Idaho and the office of the county recorder of Ada County, Idaho (the "Idaho Financing Statements"), and subject to Section 5(o), at any time and from time to time after execution of this Agreement all other or additional financing statements, continuation financing statements, termination statements, security agreements, chattel mortgages, assignments, patent, copyright and trademark collateral assignments, fixture filings, warehouse receipts, documents of title, affidavits, reports, notices, schedules of account, letters of authority and all other documents and instruments, in form satisfactory to the Agent (the "Financing Statements"), and take all other action, as the Agent may request, to perfect and continue perfected, maintain the priority of or provide notice of the Agent's security interest in the Collateral and to accomplish the purposes of this Agreement.
Perfection Procedures. Each Grantor shall execute --------------------- and deliver to the Agent concurrently with the execution of this Agreement, and at any time and from time to time thereafter, all financing statements, continuation statements, termination statements, security agreements, chattel mortgages, assignments, patent, copyright and trademark collateral assignments, fixture filings, warehouse receipts, documents of title, affidavits, reports, notices, schedules of account, letters of authority and all other documents and instruments, in form satisfactory to the Agent, and take all other action, as the Agent or the Directing Lenders may request, to perfect and continue perfected, maintain the priority of or provide notice of the Agent's security interest in the Collateral and to accomplish the purposes of this Agreement. Without limiting the generality of the foregoing, each Grantor shall from time to time take the following actions:
Perfection Procedures. Each Grantor shall execute and deliver to the Administrative Agent concurrently with the execution of this Agreement, and at any time and from time to time thereafter, all financing statements, continuation statements, termination statements, security agreements, chattel mortgages, assignments, patent, copyright and trademark collateral assignments, fixture filings, warehouse receipts, documents of title, affidavits, reports, notices, schedules of account, letters of authority and all other documents and instruments, in form satisfactory to the Administrative Agent, and take all other action, as the Administrative Agent or the Majority Lenders may request, to perfect and continue perfected, maintain the priority of or provide notice of the Administrative Agent’s security interest in the Collateral and to accomplish the purposes of this Agreement. Without limiting the generality of the foregoing, each Grantor shall from time to time take the following actions:
Perfection Procedures. The Guarantor shall execute and --------------------- deliver to the Agent at any time and from time to time after execution of this Agreement all other or additional financing statements, continuation financing statements, termination statements, security agreements, chattel mortgages, assignments, patent, copyright and trademark collateral assignments, fixture filings, warehouse receipts, documents of title, affidavits, reports, notices, schedules of account, letters of authority and all other documents and instruments, in form satisfactory to the Agent (the "Financing Statements"), and -------------------- take all other action, as the Agent may request, to perfect and continue perfected, maintain the priority of or provide notice of the Agent's security interest in the Collateral and to accomplish the purposes of this Agreement. Without limiting the generality of the foregoing, (i) on or prior to the Closing Date the Guarantor shall execute and deliver Financing Statements for filing in the Filing Offices, and (ii) after the Closing Date the Guarantor shall execute and deliver Financing Statements for filing in the appropriate filing office or offices in any state identified by the Guarantor in a notice delivered to the Agent pursuant to Section 5(e).
Perfection Procedures. The Company shall execute and --------------------- deliver at any time and from time to time after execution of this Agreement all other or additional financing statements, continuation financing statements, termination statements, security agreements, chattel mortgages, assignments, patent, copyright and trademark collateral assignments, fixture filings, warehouse receipts, documents of title, affidavits, reports, notices, schedules of account, letters of authority and all other documents and instruments, in form satisfactory to the Agent (the "Financing Statements"), and take all other -------------------- action, as the Agent may request, to perfect and continue perfected, maintain the priority of or provide notice of the Agent's security interest in the Collateral and to accomplish the purposes of this Agreement. Without limiting the generality of the foregoing, (i) on or prior to the Closing Date the Company shall execute and deliver Financing Statements for filing in the Filing Offices, and (ii) after the Closing Date the Company shall execute and deliver Financing Statements for filing in the appropriate filing office or offices in any state identified by the Company in a notice delivered to the Agent pursuant to Section 5(e).
Perfection Procedures