Additional Lien Searches Sample Clauses

The "Additional Lien Searches" clause requires that further investigations be conducted to identify any liens or encumbrances on a property beyond the standard title search. In practice, this may involve searching public records, court filings, or other databases to uncover claims by creditors, tax authorities, or other parties that could affect ownership or transfer of the property. The core function of this clause is to ensure that all potential financial or legal claims against the property are discovered and addressed before a transaction is finalized, thereby protecting the parties from unforeseen liabilities.
Additional Lien Searches. Receipt by the Lenders of Tax and judgment lien searches, each of a recent date, listing all effective lien notices or comparable documents that name any Loan Party as debtor and that are filed in the state, county or other jurisdictions reasonably requested by the Collateral Agent or the Required Lenders in each case in form and substance reasonably satisfactory to the Required Lenders.
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Additional Lien Searches. On or before the date 20 Business Days after the Closing Date, the Administrative Agent shall have received tax and judgment lien search results against each Eligible Property of the Borrower and the Guarantors evidencing the absence of tax and judgment Liens on such Eligible Properties except for Permitted Liens or as otherwise permitted by Section 8.8 hereof.
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Additional Lien Searches. The following lien searches, in each ------------------------ case in form and substance satisfactory to the Lender and the Insurer, shall have been performed with respect to TFC and, as applicable, Borrower (in each case, dated as of a date that is as close to the Closing Date as is practicable): (i) updated versions of the lien searches prepared prior to the date of closing pursuant to Section 5.01(h); and (ii) lien searches with respect --------------- to TFC in each jurisdiction referenced in Section 5.01(h) under each trade name --------------- for TFC listed in Exhibit L to this Loan Agreement. ---------
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Additional Lien Searches. On or before January 31, 2000, the Administrative Agent shall have received lien search results with respect to the Borrowers and the Subsidiaries of the Borrowers from such jurisdictions and filing offices as the Administrative Agent shall reasonably request.
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Additional Lien Searches. TCC shall deliver to Agent, within five Business Days after the Closing Date (or such longer period of time as shall be agreed to in writing by Agent), the results of such U.C.C. lien searches, federal and state tax lien searches and judicial searches as Agent, in its sole discretion, may require; provided that Agent shall notify TCC of such requested searches on or prior to the Closing Date.
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Additional Lien Searches. If, after giving effect to such Revolving Credit Loan or such Letter of Credit, the aggregate outstanding principal amount of all Revolving Credit Loans plus the aggregate outstanding undrawn amount of all Letters of Credit shall exceed $40,000,000 and if the Agent shall so request, the Borrowers shall have delivered to the Agent the results of any Lien searches of the type requested by the Agent, in all applicable jurisdictions, against the Borrowers (in each case dated as of a date reasonably satisfactory to the Agent), which searches shall reflect the absence of Liens on assets of the Borrowers, other than Liens (a) which are Permitted Liens, (b) which are otherwise reasonably satisfactory to the Agent or (c) for which termination statements and releases reasonably satisfactory to the Agent have been tendered. Each borrowing by the Borrowers hereunder and each issuance of a Letter of Credit shall constitute a representation and warranty by each Borrower as of the date of such Revolving Credit Loan or Letter of Credit that the conditions contained in this subsection 7.2 have been satisfied. Each Lender agrees to make Revolving Credit Loans in the circumstances contemplated by subsection 4.3 whether or not the conditions contained in this subsection 7.2 have been satisfied.
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Related to Additional Lien Searches

  • Lien Searches The Administrative Agent shall have received the results of a recent lien search in each of the jurisdictions where assets of the Loan Parties are located, and such search shall reveal no liens on any of the assets of the Loan Parties except for liens permitted by Section 6.02 or discharged on or prior to the Effective Date pursuant to a pay-off letter or other documentation satisfactory to the Administrative Agent.

  • Lien Searches and UCC Termination Statements Delivery to Administrative Agent of (a) the results of a recent search, by a Person satisfactory to Administrative Agent, of all effective UCC financing statements and fixture filings and all judgment and tax lien filings which may have been made with respect to any personal or mixed property of any Loan Party, together with copies of all such filings disclosed by such search, and (b) UCC termination statements duly executed by all applicable Persons for filing in all applicable jurisdictions as may be necessary to terminate any effective UCC financing statements or fixture filings disclosed in such search (other than any such financing statements or fixture filings in respect of Liens permitted to remain outstanding pursuant to the terms of this Agreement).

  • Lien Search The Administrative Agent shall have received the results of a Lien search (including a search as to judgments, pending litigation, bankruptcy, tax and intellectual property matters), in form and substance reasonably satisfactory thereto, made against the Credit Parties under the Uniform Commercial Code (or applicable judicial docket) as in effect in each jurisdiction in which filings or recordations under the Uniform Commercial Code should be made to evidence or perfect security interests in all assets of such Credit Party, indicating among other things that the assets of each such Credit Party are free and clear of any Lien (except for Permitted Liens).

  • Other Financing Statements and Liens Except as otherwise permitted under Section 9.06 of the Credit Agreement, without the prior written consent of the Administrative Agent (granted with the authorization of the Lenders as specified in Section 11.09 of the Credit Agreement), no Securing Party shall file or suffer to be on file, or authorize or permit to be filed or to be on file, in any jurisdiction, any financing statement or like instrument with respect to the Collateral in which the Administrative Agent is not named as the sole secured party for the benefit of the Lenders.

  • UCC Searches With respect to each Borrower, UCC searches with the Secretary of State and local filing office of each state where such Borrower maintains its chief executive office, its jurisdiction of organization and/or a place of business or assets;