Security Interest and Code Filings Sample Clauses
The 'Security Interest and Code Filings' clause establishes the right of a party, typically a lender or secured party, to create and perfect a security interest in certain assets of the other party. In practice, this clause allows the secured party to file financing statements or similar documents (such as UCC-1 forms) with relevant government authorities to publicly record their interest in the collateral. This process ensures that the security interest is legally recognized and prioritized over subsequent claims by other creditors, thereby protecting the secured party’s rights in the event of default or insolvency.
Security Interest and Code Filings. (i) Ischemia shall have granted a valid first priority perfected security interest (subject to Permitted Encumbrances) in all of its assets to secure the Obligations of the Credit Parties and shall have executed or authorized (as applicable) all documents (including financing statements under the Code (or foreign equivalent) and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens in form and substance reasonably acceptable to Agent) as Agent may request in order to perfect its security interest in such assets.
(ii) Ischemia shall provide copies of Code (or the foreign equivalent thereof) search reports listing all effective financing statements (or equivalent information) that name Ischemia Newco or Ischemia as debtor, together with copies of such financing statements (or equivalent information), none of which shall cover the assets of Ischemia Newco or Ischemia.
(iii) Within sixty (60) days of the effective date of the Ischemia Merger or such longer period as Agent shall consent to in its sole discretion, Ischemia shall provide Control Letters from (A) all issuers of uncertificated securities and financial assets held by Ischemia Newco, (B) all securities intermediaries with respect to all securities accounts and securities entitlements of Ischemia Newco, and (C) all futures commission agents and clearing houses with respect to all commodities contracts and commodities accounts held by Ischemia.
Security Interest and Code Filings. (i) Within sixty (60) days of the Fourth Amendment Effective Date or such longer period as Agent shall consent to in its sole discretion, Clondiag shall grant a first priority perfected security interest (subject to Permitted Encumbrances) in substantially all of its assets to secure the Obligations of the European Credit Parties and execute all documents and take all actions requested by Agent in connection therewith;
(ii) Within sixty (60) days of the Fourth Amendment Effective Date or such longer period as Agent shall consent to in its sole discretion, Clondiag shall provide Control Letters from (A) all issuers of uncertificated securities and financial assets held by Clondiag, (B) all securities intermediaries with respect to all securities accounts and securities entitlements of Clondiag, and (C) all futures commission agents and clearing houses with respect to all commodities contracts and commodities accounts held by Clondiag.
Security Interest and Code Filings. (i) Inverness France shall have granted such security interests as Agent may request in Agent's sole discretion to secure the Obligations of the European Credit Parties and shall have executed all documents (including financing statements under the Code (or foreign equivalent) and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens in form and substance reasonably acceptable to Agent) as Agent may request in order to perfect its security interest in such assets.
(ii) Inverness France shall provide copies of Code (or the foreign equivalent thereof) search reports listing all effective financing statements (or equivalent information) that name Inverness France as debtor, together with copies of such financing statements (or equivalent information), none of which shall cover the assets of Inverness France.
Security Interest and Code Filings. (i) Unless otherwise agreed to by Agent in its sole discretion, Rich Horizons shall have granted a valid first priority perfected security interest (subject to Permitted Encumbrances) in all of its assets (other than the Stock of Abon) to secure the Obligations of the European Credit Parties and shall have executed all documents (including financing statements under the Code (or foreign equivalent) and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens in form and substance reasonably acceptable to Agent) as Agent may request in order to perfect its security interest in such assets.
(ii) Unless otherwise agreed to by Agent in its sole discretion, Rich Horizons and Abon shall provide copies of Code (or the foreign equivalent thereof) search reports listing all effective financing statements (or equivalent information) that name Rich Horizons and Abon, as applicable, as debtor, together with copies of such financing statements (or equivalent information), none of which shall cover the assets of Rich Horizons or Abon, as applicable, except with respect to any Permitted Encumbrance.
Security Interest and Code Filings. (A) Trade Newco shall have granted a valid first priority perfected security interest (subject to Permitted Encumbrances) in all of its assets to secure the Obligations of the European Credit Parties and execute all documents (including financing statements under the Code (or foreign equivalent) and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens in form and substance reasonably acceptable to Agent) as Agent may request in order to perfect its security interest in such assets.
(B) Trade Newco shall provide copies of Code (or the foreign equivalent thereof) search reports listing all effective financing statements (or equivalent information) that name Trade Newco as debtor, together with copies of such financing statements (or equivalent information), none of which shall cover the assets of Trade Newco.
Security Interest and Code Filings. Unless otherwise agreed to by Agent in its sole discretion, prior to the later of (i) thirty (30) days after the Effective Date and (ii) the IDT Acquisition Effective Date, Inverness Iberica and IDT Acquisition shall provide copies of Code (or the foreign equivalent thereof) search reports listing all effective financing statements (or equivalent information) that name Inverness Iberica or IDT Acquisition, as applicable, as debtor, together with copies of such financing statements (or equivalent information), none of which shall cover the assets of Inverness Iberica or IDT Acquisition except to the extent permitted hereunder.
Security Interest and Code Filings. (A) Each of IVC and Hall shall have granted a valid first priority perfected security interest (subject to Permitted Encumbrances) in all of its assets (other than, in the case of IVC, the IVC Mortgaged Property) to secure, in the case of IVC, the Obligations of the Credit Parties, and, in the case of Hall, the Obligations of the European Credit Parties and execute all documents (including financing statements under the Code (or foreign equivalent) and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens in form and substance reasonably acceptable to Agent) as Agent may request in order to perfect its security interest in such assets.
(B) Each of IVC and Hall shall provide copies of Code (or, in the case of Hall, the foreign equivalent thereof) search reports (or, where not available, such other equivalent information available and reasonably satisfactory to Agent) listing all effective financing statements (or equivalent information) that name IVC or Hall as debtor, together with copies of such financing statements (or equivalent information), none of which shall cover the assets of IVC or Hall (other than the IVC Mortgaged Property).
Security Interest and Code Filings. (i) BioStar shall have granted a valid first priority perfected (upon Agent filing the documents referenced below that are required to be filed to perfect Agent’s Lien) security interest (subject to Permitted Encumbrances) in all of its assets to secure the Obligations of the Credit Parties and shall have executed or authorized (as applicable) all documents (including financing statements under the Code (or foreign equivalent) and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens in form and substance reasonably acceptable to Agent) as Agent may request in order to perfect its security interest in such assets.
(ii) BioStar shall provide copies of Code (or the foreign equivalent thereof) search reports listing all effective financing statements (or equivalent information) that name BioStar as debtor, together with copies of such financing statements (or equivalent information), none of which shall cover the assets of BioStar.
(iii) Within sixty (60) days of the BioStar Acquisition Effective Date or such longer period as Agent shall consent to in its sole discretion, BioStar shall provide Control Letters from (A) all issuers of uncertificated securities and financial assets held by BioStar, (B) all securities intermediaries with respect to all securities accounts and securities entitlements of BioStar, and (C) all futures commission agents and clearing houses with respect to all commodities contracts and commodities accounts held by BioStar.
Security Interest and Code Filings. (i) Scottish Newco shall have granted a valid first priority perfected security interest (subject to Permitted Encumbrances) in all of its assets to secure the Obligations of the European Credit Parties and shall have executed all documents (including financing statements under the Code (or foreign equivalent) and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens in form and substance reasonably acceptable to Agent) as Agent may request in order to perfect its security interest in such assets.
(ii) Scottish Newco shall provide copies of Code (or the foreign equivalent thereof) search reports listing all effective financing statements (or equivalent information) that name Scottish Newco as debtor, together with copies of such financing statements (or equivalent information), none of which shall cover the assets of Scottish Newco.
(iii) Within ninety (90) days of the date hereof or such longer period as Agent shall consent to in its sole discretion, Scottish Newco shall provide Control Letters from (A) all issuers of uncertificated securities and financial assets held by Scottish Newco, (B) all securities intermediaries with respect to all securities accounts and securities entitlements of Scottish Newco, and (C) all futures commission agents and clearing houses with respect to all commodities contracts and commodities accounts held by Scottish Newco.