Common use of Security Interests and Code Filings Clause in Contracts

Security Interests and Code Filings. (a) Evidence satisfactory to Agent that Agent (for the benefit of itself and Lenders) has a valid and perfected first priority security interest in the Collateral (other than the SWIDA Collateral and the ECP Collateral and subject to the Permitted Encumbrances), including (i) such documents duly executed by each Credit Party (including financing statements under the Code and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens) as Agent may request in order to perfect its security interests in the Collateral and (ii) copies of Code search reports listing all effective financing statements that name any Credit Party as debtor, together with copies of such financing statements, none of which shall cover the Collateral, except for those relating to the Prior Lender Obligations (all of which shall be terminated on the Closing Date).

Appears in 1 contract

Samples: Credit Agreement (Laclede Steel Co /De/)

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Security Interests and Code Filings. (ai) Evidence satisfactory to Agent that Agent (for the benefit of itself and the Lenders) has a valid and perfected first priority security interest in the Collateral (other than the SWIDA Collateral and the ECP Collateral and subject to the Permitted Encumbrances)Collateral, including (i) such documents duly executed by each Credit Party (including financing statements under the Code and PPSA and other registration and/or financing statements and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens) as Agent may request in order to perfect its security interests in the Collateral and (ii) copies of Code Code, PPSA, judgment and tax lien search reports listing all effective financing statements that name any Credit Party as debtor, together with copies of such financing statementsstatements or other similar registration statements , none of which shall cover the Collateral, except for those relating to the Prior Lender Obligations Existing Indebtedness (all of which shall be terminated on the Closing Date)) and Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Handleman Co /Mi/)

Security Interests and Code Filings. (a) Evidence satisfactory to Agent that Agent (for the benefit of itself and Lenders) has a valid and perfected first priority security interest in in, and validly registered first ranking hypothec on, the Collateral (other than the SWIDA Collateral and the ECP Collateral and subject to the Permitted Encumbrances)Collateral, including (i) such documents duly executed by each Credit Party (including financing statements under the Code and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens) as Agent may request in order to perfect its security interests in in, and hypothecs on, the Collateral and (ii) copies of Code search reports and other similar reports listing all effective financing statements (or other applicable equivalent) that name any Credit Party as debtor, together with copies of such financing statementsstatements (or other applicable equivalent), none of which shall cover the Collateral, except for those relating to the Prior Lender Obligations (all of which shall be terminated on the Closing Date).

Appears in 1 contract

Samples: Credit Agreement (Rawlings Sporting Goods Co Inc)

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Security Interests and Code Filings. (a) Evidence satisfactory to Agent that Agent (for the benefit of itself and Lenders) has has, or upon the filing of such documents will have, a valid and perfected first priority security interest in the Collateral (other than the SWIDA Collateral and the ECP Collateral and subject to the Permitted Encumbrances), including (i) such documents duly executed or authorized by each Credit Party (including financing statements under the Code and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens) as Agent may request in order to perfect its security interests in the Collateral and (ii) copies of Code search reports listing all effective financing statements that name any Credit Party as debtor, together with copies of such financing statements, none of which shall cover the Collateral, except for those relating to the Prior Lender Obligations (all of which shall be terminated on the Closing Date)) and Permitted Encumbrances.

Appears in 1 contract

Samples: Credit Agreement (Palace Entertainment Holdings, Inc.)

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