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

• The Administrative Agent shall have received a Perfection Certificate with respect to the Loan Parties dated the Effective Date and duly executed by a Responsible Officer of the Company.

• Except for the fee ownership and leasehold interests set forth in the Perfection Certificate, no Loan Party has, as of the Effective Date, any fee ownership or leasehold interest in any Real Estate.

• No Loan Party has any Subsidiaries, except as noted on the Perfection Certificate or as disclosed to Agent pursuant to Section 6.11 below.

• As required under Section 4.15 of the Indenture, the Grantors shall cause each Intermediate Parent and each Restricted Subsidiary that is not an Excluded Subsidiary, or any other Restricted Subsidiary that the Issuer, at its option, elects to become a Grantor, to execute and deliver to the Notes Collateral Agent a Grantor Supplement and a Perfection Certificate (or a supplement thereof) regarding such Intermediate Parent or Restricted Subsidiary.

• All information set forth in the Perfection Certificate is true, accurate and complete in all material respects as of the Signing Date and any other subsequent date in which Borrower is required to update such certificate.

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 means you reject yourself. And remember, when you reject yourself you naturally reject others too. A perfectionist is hard upon himself and is hard upon others too. He cannot relax and he cannot allow anybody else to relax. Let-go is impossible for him, and he will condemn anybody who is living a relaxed life.

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