Common use of Unperfected Clause in Contracts

Unperfected. Inventory that is not subject to a first priority Lien in favor of Agent on behalf of itself and the Secured Parties, except for Liens described in Section 5.1(d) (subject to Reserves);

Appears in 7 contracts

Samples: Revolving Credit Agreement (Real Industry, Inc.), Credit Agreement (Constellium N.V.), Credit Agreement (Constellium N.V.)

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Unperfected. Inventory that is not subject to a first priority Lien in favor of Agent on behalf of itself and the Secured Parties, except for Liens described in Section subsection 5.1(d) (subject to Reserves);

Appears in 6 contracts

Samples: Possession Credit Agreement (Radioshack Corp), Credit Agreement (Radioshack Corp), Credit Agreement (Radioshack Corp)

Unperfected. Inventory that is not subject to a first priority Lien in favor of Agent on behalf of itself and the Secured Parties, except for Liens described in Section 5.1(dsubsections 5.1(c) and (d) (in each case, subject to Reserves);

Appears in 2 contracts

Samples: Credit Agreement (Evraz North America PLC), Credit Agreement (Evraz North America LTD)

Unperfected. Inventory that is not subject to a first priority Lien in favor favour of Agent on behalf of itself and the Secured Parties, except for Liens described in Section 5.1(dsubsection 5.1(e) (subject to Reserves)) and Prior Claims that are unregistered and that secure amounts that are not yet due and payable;

Appears in 1 contract

Samples: Credit Agreement (Tembec Industries Inc)

Unperfected. Inventory that is not subject to a first priority Lien in favor favour of Agent on behalf of itself and the Secured Parties, except for Liens described in Section subsection 5.1(d) (subject to Reserves)) and Prior Claims that are unregistered and that secure amounts that are not yet due and payable;

Appears in 1 contract

Samples: Credit Agreement (Solo Cup CO)

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Unperfected. Inventory that is not subject to a first priority Lien in favor of Agent on behalf of itself and the Secured Parties, except for Liens described in Section subsection 5.1(d) (subject to Reserves)if such Inventory otherwise complies with subsection 1.13(e) above;

Appears in 1 contract

Samples: Credit Agreement (Constar International Inc)

Unperfected. Inventory that is not subject to a first priority Lien in favor of Agent on behalf of itself and the Secured Parties, except for Liens described in Section 5.1(d) (subject to Reserves)) and Permitted Liens of the type described in clauses (c) and (f) of Section 5.1;

Appears in 1 contract

Samples: Credit Agreement (NxStage Medical, Inc.)

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