Common use of UCC Search Clause in Contracts

UCC Search. Agent shall have obtained, at Borrower’s cost, such searches of the applicable public records as it deems necessary under all applicable law to verify that it has a first and prior perfected Lien and security interest covering all of the Collateral. Agent shall not be obligated to fund any Advance if Agent determines that Lenders do not have a first and prior perfected lien and security interest covering any portion of the Collateral, except as expressly provided herein.

UCC Search. Agent shall have obtained, at Borrower’s cost, such searches of the applicable public records as it deems necessary under all Texas, and other applicable law to verify that it has will have a first and prior perfected Lien and security interest covering all of the Collateral. Agent shall not be obligated to fund any Advance if Agent determines that Lenders do not have a first and prior perfected lien and security interest covering any portion of the Collateral, except as expressly provided herein.

UCC Search. Agent shall have obtained, at Borrower’s cost, such searches of the applicable public records as it deems necessary under all applicable law to verify that it has a first or second, as applicable, and prior perfected Lien and security interest covering all of the Collateral. Agent shall not be obligated to fund any Advance if Agent determines that Lenders do not have a first or second, as applicable, and prior perfected lien and security interest covering any portion of the Collateral, except as expressly provided herein.

UCC Search. Agent shall have obtained, at Borrower’s 's cost, such searches of the applicable public records as it deems necessary under all Texas, and other applicable law to verify that it has a first and prior perfected Lien and security interest covering all of the Collateral. Agent shall not be obligated to fund any Advance if Agent determines that the Lenders do not have a first and prior perfected lien and security interest covering any portion of the Collateral, except as expressly provided herein.

UCC Search. Agent Borrower shall have obtained, at Borrower’s 's cost, such searches of the applicable public records as it deems necessary under all applicable law to verify that it Agent has a first or second, as applicable, and prior perfected Lien and security interest covering all of the CollateralCollateral with respect to the Additional Eligible Resort in question. Agent shall not be obligated to fund any Advance if Agent determines that Lenders do not have a first or second, as applicable, and prior perfected lien and security interest covering any portion of the Collateral, except as expressly provided herein.

UCC Search. Agent shall have obtained, at Borrower’s 's cost, such searches of the applicable public records as it deems necessary under all applicable law Texas, and other Applicable Law to verify that it has will have a first and prior perfected Lien and security interest covering all of the Collateral. Agent shall not be obligated to fund any Advance if Agent determines that Lenders do not have a first and prior perfected lien and security interest covering any portion of the Collateral, except as expressly provided herein.

UCC Search. Agent shall have obtained, at Borrower’s cost, such searches of the applicable public records as it deems necessary under all Texas, and other applicable law to verify that it has a first or second, as applicable, and prior perfected Lien and security interest covering all of the Collateral. Agent shall not be obligated to fund any Advance if Agent determines that Lenders do not have a first or second, as applicable, and prior perfected lien and security interest covering any portion of the Collateral, except as expressly provided herein.

UCC Search. Agent shall have obtained, at Borrower’s 's cost, such searches of the applicable public records as it deems necessary under all applicable law to verify that it has a first and prior perfected Lien and security interest covering all of the Collateral. Agent shall not be obligated to fund any Advance if Agent determines that Lenders do not have a first and prior perfected lien and security interest covering any portion of the Collateral, except as expressly provided herein.

UCC Search. Agent shall have obtained, at Borrower’s cost, such searches of the applicable public records as it deems necessary under all applicable law to verify that it has a first and prior perfected Lien and security interest covering all of the Collateral. Agent shall not be obligated to fund any Advance if Agent determines that Lenders do not have a first and prior perfected lien and security interest covering any portion of the Collateral, except as expressly provided herein.