Perfection Date definition

Perfection Date means the date of any Perfection;

Perfection Date means January 15, 2022; provided, that the security interest of CRIL in the Collateral has not terminated pursuant to Section 2 hereof; and provided, further, that if Borrower perfects the security interest on any of the Collateral under any of the Note Purchase Agreements prior to January 15, 2022, Borrower shall simultaneously perfect CRIL’s security interest under this Agreement in the same manner, and in such case the Perfection Date shall mean the date such perfection occurs. Nothing in this definition modifies the obligation of the Company to prepay the Loan pursuant to Section 1.1(c)(2).”

Perfection Date means December 31, 2021; provided, that the security interest of CRIL in the Collateral has not terminated pursuant to Section 2 hereof; and provided, further, that if Borrower perfects the security interest on any of the Collateral under any of the Note Purchase Agreements or any other Indebtedness prior to December 31, 2021, Borrower shall simultaneously perfect CRIL’s security interest under this Agreement in the same manner, and in such case the Perfection Date shall mean the date such perfection occurs. Nothing in this definition modifies the obligation of the Company to prepay the Loan pursuant to Section 1.1(c)(2).”

Examples of Perfection Date in a sentence

• Notwithstanding the foregoing or anything to the contrary stated herein, no Borrower shall sell, transfer or otherwise dispose of any Aircraft until the Required Perfection Date.

• Xxxxx Fargo hereby accepts such appointment as the Sub-Agent; provided however, that with respect to each Loan Document, Xxxxx Fargo shall only act as Sub-Agent until such time as the Successor Agent is substituted thereunder (whether by operation of law, or by subsequent amendment, assignment, filing or other instrument) or, in the case of any possessory Collateral held by Xxxxx Fargo after the Effective Date, until the Perfection Date.

• Without limiting the generality of the foregoing and notwithstanding anything to the contrary herein, Payee may, at any time after the Perfection Date, file with any necessary filing offices the Collateral Documents for the purpose of perfecting Payee’s rights in and to the Collateral and as notice to third parties that the Maker has conveyed any interest that it may have in or to the Collateral.

• Commencing on the Springing Lien Perfection Date, interest on the outstanding principal will be calculated and payable in arrears by the Borrower on each Interest Payment Date at the rate of [Redacted: Confidential Commercial Term] % per annum (the “ Interest Rate ”).

• For certainty, prior to the Springing Lien Perfection Date, no Transaction Party shall sell or otherwise dispose of any of the HPDI Capital Assets without the prior written consent of EDC .

More Definitions of Perfection Date

Perfection Date the date that is 10 Business Days after the Closing Date (or such later date as the Administrative Agent shall agree in its sole discretion).

Perfection Date means the date CRIL’s first priority lien on the Collateral is perfected, which shall occur no later than: (a) if the Company consummates a Going Public transaction or other equity financing for capital raising purposes with a minimum aggregate gross proceeds of at least

Perfection Date has the meaning set forth in Section 5.

Perfection Date means the date that is 91 days after the date on which all documents provided to the Administrative Agent under the WKI Credit Agreement pursuant to clauses (f) and (g) of Section 6.1 thereof have been duly filed, registered or recorded.

Perfection Date means the date CRIL’s first priority lien on the Collateral is perfected, which shall occur no later than: (a) if the Company consummates a Going Public transaction or other equity financing for capital raising purposes with a minimum aggregate gross proceeds of at least $100,000,000 within six-months from the date hereof, the six-month anniversary of the date of the consummation thereof; or (b) if the Company does not consummate a Going Public Transaction or other equity financing for capital raising purposes with a minimum aggregate gross proceeds of at least $100,000,000 within six months from the date hereof, the three-month anniversary of the date on which the Company no longer pursues in good faith a Going Public Transaction or other equity financing for capital raising purposes (but in no event later than nine (9) months following the date hereof); provided, in each case, that the security interest of CRIL in the Collateral has not terminated pursuant to Section 2 hereof. Nothing in this definition modifies the obligation of the Company to prepay the Loan pursuant to Section 1.1(c)(2).

Perfection Date the date, if any, upon which Required Lenders shall instruct the Agent, pursuant to and in accordance with Section 9.2(a)(i), to file the Notice Documents.

Perfection Date means the date on which all conditions set forth in Section 6.2 have been satisfied.