Perfection Requirement definition

Perfection Requirement or “Perfection Requirements” shall have the meaning set forth in Section 4(j) of this Agreement.

Perfection Requirement has the meaning specified in the Pledge and Security Agreement.

Perfection Requirement means, at any time and with respect to any property, the requirement that:

Examples of Perfection Requirement in a sentence

• Each Credit Party shall have satisfied, and caused its Subsidiaries to satisfy, the Perfection Requirement with respect to the Collateral.

• For the avoidance of any doubt, the provision of the Pledge Information to CBL by the Pledgor through Appendix A will automatically entail compliance by CBL with the Perfection Requirement; no further notice or instruction by the Pledgor to CBL shall be required.

• On or prior to the Restatement Effective Date, in connection with the execution of the Pledge and Security Agreement, the Perfection Requirement (as defined in the Pledge and Security Agreement) shall have been satisfied and all of the perfection steps thereunder shall have been completed, and copies or evidence, if available, of any relevant filings, recordings and other perfection documentation shall have been provided to the Initial Lender, the Administrative Agent and the Collateral Agent.

• Notwithstanding anything to the contrary set forth herein, subject to the Foreign Perfection Requirement, no actions in any non-U.S. jurisdiction shall be required in order to create or perfect any security interest in any assets.

• For the avoidance of any doubt, the provision of the Pledge Information to CBL by the Collateral Giver through Appendix A will automatically entail compliance by CBL with the Perfection Requirement; no further notice or instruction by the Collateral Giver, or any other Party, to CBL shall be required, without prejudice however to the notice that shall be served by the Third Party Pledge Holder to CBL when the Pledgor is the Collateral Giver, in accordance Clause 3.3 below.

More Definitions of Perfection Requirement

Perfection Requirement shall have the meaning set forth in Section 3.03(a).

Perfection Requirement means any registration, filing, endorsement, notarisation, stamping, notification or other action or step to be made or procured in any jurisdiction in order to perfect Transaction Security created by a Transaction Security Document and/or in order to achieve the relevant priority for the Transaction Security created thereunder.

Perfection Requirement has the meaning set forth in the Security Agreement.

Perfection Requirement has the meaning given in Section 7.1(e) of this Agreement.

Perfection Requirement has the meaning given in Section 7.1(e) of “Private Owner” means RL RES 2009-1 Investments, LLC and any successor and/or assign of such entity pursuant to the LLC Operating Agreement.

Perfection Requirement or “Perfection Requirements” means (i) the filing under the Code as in effect in the applicable jurisdiction of a financing statement described in Schedule II hereto, and (ii) with respect to the Pledged Account, the execution of an Account Control Agreement with the depository with which the Pledged Account is maintained.

Perfection Requirement means, (x) with respect to any Second Tier Collateral, following the occurrence and during the continuance of an Event of Default, the requirement to perfect the Liens and Security Interests granted hereunder with respect to such Second Tier Collateral pursuant to Section 4.19.3, (y) with respect to any Real Property not subject to Section 4.20, following the occurrence and during the continuance of an Event of Default, the requirement to grant a mortgage on such Real Property pursuant to Section 4.19.3, and (z) with respect to any Excess Collateral, the requirement to perfect the Liens and Security Interests granted hereunder with respect to such Excess Collateral pursuant to Section 4.19.4, in each of cases (x), (y) and (z), within the time frames set forth in Section 4.19.3 and 4.19.4 (as applicable).