Updated Lien Searches Sample Clauses

Updated Lien Searches. Lenders shall be reasonably satisfied with updated Lien searches provided by the Borrower or its counsel to the Lenders within two Business Days prior to the date of the first Borrowing.
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Updated Lien Searches. Lenders shall be satisfied with updated Lien searches prior to the date hereof showing that no Liens exist on the Collateral other than Permitted Liens.
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Updated Lien Searches. Lenders shall be reasonably satisfied with updated Lien searches provided by the Borrower or its counsel to the Lenders in respect of each Obligor.
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Updated Lien Searches. On the third annual anniversary of the Closing Date, the Administrative Agent will select 20% of the Properties (by number) and conduct a lien search (“Lien Bringdown Diligence”). If in the aggregate value of the Liens encumbering the Properties is greater than 0.25% of the aggregate Allocated Loan Amounts of such Properties, a lien search for 100% of the Properties shall be ordered and such Liens (if any) shall be cured within ninety (90) days of the Administrative Agent’s notification to Borrower (“Required Lien Cure”). For the avoidance of doubt, any Liens discovered in connection with the Lien Bringdown Diligence shall be cured within ninety (90) days of such diligence date.
Sample 1
Updated Lien Searches. Sellers shall have provided Purchaser with lien searches on the assets of the Sellers in the appropriate jurisdictions no earlier than 15 days prior to the Closing Date, and such searches shall reveal no material claims against the assets of the Sellers, other than these claims identified in the Schedules hereto.
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Updated Lien Searches. Lien searches on the assets of Plaza shall have been conducted in the appropriate jurisdictions no later than ten (10) days prior to the Closing Date, and such searches shall reveal no liens or other Claims not disclosed in the Financial Statements or the Schedules to this Agreement.
Sample 1
Updated Lien Searches. Lien searches on the assets of CNS shall have been conducted in the appropriate jurisdictions no later than ten (10) days prior to the Closing Date, and such searches shall reveal no liens or other Claims other than Permitted Encumbrances. Permitted Encumbrances shall mean obligations under capital leases listed on Schedule 6(e) of this Agreement, the security interest held by United Bank and the rights of CNS’s landlord as disclosed on Schedule 3(e)(ii).
Sample 1
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Related to Updated Lien Searches

  • Lien Searches The Administrative Agent shall have received the results of a recent lien search in each of the jurisdictions where assets of the Loan Parties are located, and such search shall reveal no liens on any of the assets of the Loan Parties except for liens permitted by Section 6.02 or discharged on or prior to the Effective Date pursuant to a pay-off letter or other documentation satisfactory to the Administrative Agent.

  • Lien Search Reports Lender shall have received satisfactory reports of UCC (collectively, the “UCC Searches”), federal tax lien, bankruptcy, state tax lien, judgment and pending litigation searches conducted by a search firm reasonably acceptable to Lender. Such searches shall have been received in relation to each Borrower and each equity owner in each Borrower, the Operating Lessee and each Manager.

  • Lien Search The Administrative Agent shall have received the results of a Lien search (including a search as to judgments, pending litigation, bankruptcy, tax and intellectual property matters), in form and substance reasonably satisfactory thereto, made against the Credit Parties under the Uniform Commercial Code (or applicable judicial docket) as in effect in each jurisdiction in which filings or recordations under the Uniform Commercial Code should be made to evidence or perfect security interests in all assets of such Credit Party, indicating among other things that the assets of each such Credit Party are free and clear of any Lien (except for Permitted Liens).

  • Searches Before the Closing Date, and thereafter (as and when determined by Agent in its discretion), Agent shall have the right to perform, all at Borrowers’ expense, the searches described in clauses (a), (b), and (c) below against Borrowers and any other Credit Party, the results of which are to be consistent with Borrowers’ representations and warranties under this Agreement and the satisfactory results of which shall be a condition precedent to all advances of Loan proceeds: (a) UCC searches with the Secretary of State of the jurisdiction in which the applicable Person is organized; (b) judgment, pending litigation, federal tax lien, personal property tax lien, and corporate and partnership tax lien searches, in each jurisdiction searched under clause (a) above; and (c) searches of applicable corporate, limited liability company, partnership and related records to confirm the continued existence, organization and good standing of the applicable Person and the exact legal name under which such Person is organized.

  • UCC Searches With respect to each Borrower, UCC searches with the Secretary of State and local filing office of each state where such Borrower maintains its chief executive office, its jurisdiction of organization and/or a place of business or assets;

  • Collateral Reports Borrower shall deliver or cause to be delivered the following:

  • Lien Searches and UCC Termination Statements Delivery to Administrative Agent of (a) the results of a recent search, by a Person satisfactory to Administrative Agent, of all effective UCC financing statements and fixture filings and all judgment and tax lien filings which may have been made with respect to any personal or mixed property of any Loan Party, together with copies of all such filings disclosed by such search, and (b) UCC termination statements duly executed by all applicable Persons for filing in all applicable jurisdictions as may be necessary to terminate any effective UCC financing statements or fixture filings disclosed in such search (other than any such financing statements or fixture filings in respect of Liens permitted to remain outstanding pursuant to the terms of this Agreement).

  • Perfection Certificates and UCC Search Results The Agent shall have received from each of the Borrower and its Subsidiaries a completed and fully executed Perfection Certificate and the results of UCC searches with respect to the Collateral, indicating no liens other than Permitted Liens and otherwise in form and substance satisfactory to the Agent.

  • Agreements Regarding Collateral and Field Examination Reports (ll) Lien Releases;

  • Financing Statements, Etc The Grantor hereby authorizes the Secured Party to file (with a copy thereof to be provided to the Grantor contemporaneously therewith), at any time and from time to time thereafter, all financing statements, financing statement assignments, continuation financing statements, and UCC filings, in form reasonably satisfactory to the Secured Party. The Grantor shall execute and deliver and shall take all other action, as the Secured Party may reasonably request, to perfect and continue perfected, maintain the priority of or provide notice of the security interest of the Secured Party in the Collateral (subject to the terms hereof) and to accomplish the purposes of this Agreement. Without limiting the generality of the foregoing, the Grantor ratifies and authorizes the filing by the Secured Party of any financing statements filed prior to the date hereof that accomplish the purposes of this Agreement.

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