Unperfected Collateral definition
Examples of Unperfected Collateral in a sentence
Schedule 2 hereto (as such schedule may be amended from time to time) sets forth under the headings "Securities Accounts," "Commodities Accounts," and "Deposit Accounts" respectively, all of the Securities Accounts, Commodities Accounts and Deposit Accounts (other than Deposit Accounts constituting Agreed Unperfected Collateral) in which each Grantor (other than Holdings) has an interest.
Schedule 2 hereto (as such schedule may be amended from time to time) sets forth as of the most recent Applicable Date with respect to such Grantor under the headings “Securities Accounts,” “Commodities Accounts,” and “Deposit Accounts” respectively, all of the Securities Accounts, Commodities Accounts and Deposit Accounts (other than Deposit Accounts constituting Agreed Unperfected Collateral) in which each Grantor has an interest.
All action by any Grantor necessary to perfect or maintain the priority of such security interest on each item of Collateral (other than Unperfected Collateral) has been duly taken.
Notwithstanding anything to the contrary in this Agreement, (i) none of the Excluded Assets shall constitute Collateral and (ii) there shall be no requirement on any Grantor to grant or maintain a perfected security interest in, or Lien on, any Agreed Unperfected Collateral.
Upon the occurrence of an Event of Default and request by Secured Party, the applicable Debtor shall execute and deliver all documents which may be necessary or desirable to perfect the security interest granted hereby on the Unperfected Collateral (which security interests shall be first priority, subject to Permitted Liens) or to enable Secured Party to exercise and enforce Secured Party’s and other Creditors’ rights and remedies hereunder with respect to any Unperfected Collateral.
Notwithstanding anything to the contrary in this Intellectual Property Security Agreement, (i) none of the Excluded Assets (as defined in the Guarantee and Collateral Agreement) shall constitute Intellectual Property Collateral and (ii) there shall be no requirement on any Grantor to grant or maintain a perfected security interest in, or Lien on, any Agreed Unperfected Collateral.
Notwithstanding anything to the contrary in this First Supplemental Intellectual Property Security Agreement, (i) none of the Excluded Assets (as defined in the Guarantee and collateral Agreement) shall constitute Intellectual Property, and (ii) there shall be no requirement on any Grantor to grant or maintain a perfected security interest in, or Lien on, any Agreed Unperfected Collateral.