perfected security interest means a security interest that has become effective against third parties by control, possession, registration or temporarily, as provided in this Act;
perfected security interest means a security interest created by a security agreement and perfected in accordance with paragraph 2;
perfected security interest means, with respect to any Lien purported to be created in any Collateral pursuant to any Security Document, that (a) such Lien is governed by the law of the jurisdiction in which such Collateral is located or to which such Collateral is subject, (b) such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien (which Permitted Lien is junior in priority to the Collateral Agent’s Lien on such Collateral, is arising by operation of law as described in Section 6.02(d), (e), (k) or (r) or is subject to a Reserve) and (c) all applicable perfection requirements required by the Loan Documents have been completed.
More Definitions of perfected security interest
perfected security interest means the security interest that has been created and becomes effective against third parties by control, possession, registration or temporarily, as the case may be;
perfected security interest means, with respect to any Lien purported to be created in any Collateral pursuant to any Security Document, that (a) such Lien is governed by the law of the jurisdiction in which such Collateral is located or to which such Collateral is subject, (b) such Lien is the only Lien to which such Collateral is subject, other than any Liens permitted by Section 6.02 (which Lien is junior in priority to the Collateral Agent’s Lien on such Collateral, is arising by operation of law as described in Section 6.02(d), (e), (k) or (t) or is subject to a Reserve or, in the case of Liens on Eligible Real Property, such Liens are covered by any applicable title insurance, to the extent available in such jurisdiction), (c) in the case of Eligible Real Property located in the England and Wales, such Eligible Real Property is covered by a legal mortgage, (d) in the case of Eligible Real Property located in Germany, such Eligible Real Property is encumbered by a first ranking land charge in favor of the Collateral Agent and the land charge is registered in all relevant local registers) and (e) all applicable perfection requirements required by the Loan Documents have been completed.
perfected security interest means a security interest that has become effective against third parties by registration of a notice, possession of a tangible asset, the execution of a control agreement or temporarily perfected, as provided in this Act;
perfected security interest and “verification statement” have the meanings given to them under, or in the context of the PPSA.
perfected security interest means a security interest that has become effective against third parties by control, possession, registration or temporarily, as provided in the Movable Property (Security Interest) Act;
perfected security interest means a security interest that is created and is effective against third parties by control, possession, or registration;
perfected security interest in any property means a Lien which (a) exists in favor of the Administrative Agent for the ratable benefit of the Secured Parties, (b) is superior to all Liens or rights of any other Person in the property encumbered thereby, (c) secures the payment in full of the Obligations, and (d) is legal, valid, enforceable and perfected.