Perfection definition

Perfection shall have corresponding meanings;

Perfection means the perfection of the assignment and assignation of the Mortgage Portfolio pursuant to and in accordance with Clause 6 (Perfection of the Assignment) of the Mortgage Sale Agreement;

Perfection. If an event set forth in any of paragraphs (a) to (f) of Clause 6.1 (Perfection Events) occurs and either the Mortgages Trustee or Funding (with the consent of the Security Trustee) or the Security Trustee so requests in writing, the Seller shall perfect the assignments as contemplated by and in accordance with this Clause 6 (Perfection of the Assignment) in relation to all Mortgage Loans then in the Mortgage Portfolio and shall:

Examples of Perfection in a sentence

• Entrustment of the mortgage loans will be perfected against any third party pursuant to the Law Regarding Special Exceptions to the Civil Code with Respect to Perfection Requirements for Assignment of Movables and Claims.

• Entrustment of the mortgage loans will be perfected as against any third party pursuant to the Law Regarding Special Exceptions to the Civil Code with Respect to Perfection Requirements for Assignment of Movables and Claims.

• Perfection of a security interest in a securities account also perfects a security interest in the security entitlements carried in the securities account.

• Perfection of a security interest in collateral also perfects a security interest in a supporting obligation for the collateral.

• Perfection of a security interest in a right to payment or performance also perfects a security interest in a security interest, mortgage, or other lien on personal or real property securing the right.

More Definitions of Perfection

Perfection means completion of any steps necessary to render a disposition effective against persons who are not parties to that disposition;

Perfection means the perfection of the assignment of the Mortgage Portfolio pursuant to and in accordance with Clause 6 (Perfection of the Assignment) of the Mortgage Sale Agreement;

Perfection means optimization of a secured party’s rights in collateral against 3rd parties such as buyers, other secured parties, lien holders and an insolvency administrator;

Perfection means optimisation of a secured party’s rights in collateral against third parties such as buyers, other secured parties, execution creditors, lien holders, liquidators and insolvency administrators;

Perfection. “personal property”, “register”, “security interest” and “verification statement” each has the meaning given in the PPSA.

Perfection. [Confirmation] means confirmation of a pledgee’s priority ranking and making the pledge right in collateral effective against third parties;

Perfection means perfection of a security interest or agricultural lien pursuant to Division 9 (commencing with Section 9101) of the Commercial Code.