Creation and Perfection of Liens Sample Clauses

Creation and Perfection of Liens. HB Peru SAC shall (and shall cause each of its Subsidiaries to) create and perfect (and cause to be created and perfected) the Liens purported to be created by the Security Documents as valid and enforceable first priority Liens over the Property of HB Peru SAC (and each of its Subsidiaries), subject only to Permitted Liens and the Peruvian Intercreditor Agreement, (x) in the case of Liens created pursuant to the Security Documents other than the Peruvian Security Documents, on the Effective Date and (y) in the case of Liens created pursuant to each Peruvian Security Document, by means of filing with the public offices below on or before the Effective Date or taking such other actions, where applicable, as set forth below in this Section 8.2(g) not later than the date set forth below for such Peruvian Security Document: (i) In the case of the Accounts Pledge Agreement, by registering the second amendment of such Security Document with the Registro Mobiliario de Contratos of Lima, Peru, not later than the day that is 60 days following the Effective Date, provided that such time period shall be extended by 30 additional days in the event that the registrar of the Registro Mobiliario de Contratos of Lima, Peru makes any observation in connection with said registration; (ii) In the case of the Conditional Credit Assignment Agreement, by (A) delivering within 14 days following the Effective Date notarized and apostilled powers of attorney, officer's certificate and good standing certificate for HB (BVI), authorizing the execution of the second amendment to the Conditional Credit Assignment Agreement, in form and content satisfactory to the Peruvian Collateral Agent, (B) registering the second amendment of such Security Document with the Registro Mobiliario de Contratos of Lima, Peru, not later than the day that is 60 days following the Effective Date, provided that such time period shall be extended by 30 additional days in the event that the registrar of the Registro Mobiliario de Contratos of Lima, Peru makes any observation in connection with said registration and (C) obtaining all required consents from the debtors under said agreement, not later than the date required for each such consent pursuant to the terms of the Conditional Credit Assignment Agreement; (iii) In the case of the Inventory Pledge Agreement, by registering the second amendment of such Security Document with the Registro Mobiliario de Contratos of Lima, Peru, not later than the day that i...

Creation and Perfection of Liens. Prior to the termination of the Revolving Commitments and the repayment in full of the Obligations, a perfected Lien shall exist on all Collateral in favor of the Agent for the benefit of the Banks to secure the Obligations in accordance with the terms of the Security Agreements, except that to the extent any Lien previously granted to the Agent for the benefit of the Banks on Revenue Equipment is unperfected as of the Effective Date, the Borrower shall cause such Liens to be perfected as promptly as practicable.

Creation and Perfection of Liens. Prior to the termination of the Commitments and the repayment in full of the Obligations, a perfected Lien shall exist on all Collateral (as defined in the Security Agreements) in favor of the Agent for the benefit of the Banks to secure the Obligations in accordance with the terms of the Security Agreements, except that (i) to the extent any Lien on Revenue Equipment is unperfected as of the Effective Date, the Borrower shall cause such Liens to be perfected as promptly as practicable, and (ii) to the extent any Lien on Eligible Real Property is unperfected as of the Effective Date, the Borrower shall comply with the post- closing schedule described in Section 5.08 of the Revolver/Term Agreement.

Creation and Perfection of Liens. Prior to the termination of the Revolving Commitments and the repayment in full of the Obligations, a perfected Lien shall exist on all Collateral (as defined in the Security Agreements) in favor of the Agent for the benefit of the Banks to secure the Obligations in accordance with the terms of the Security Agreements, except that (i) to the extent any Lien previously granted to the Agent for the benefit of the Banks on Revenue Equipment is unperfected as of the Effective Date, the Borrower shall cause such Liens to be perfected as promptly as practicable, and (ii) to the extent any Lien on Eligible Real Property is unperfected as of the Effective Date, the Borrower shall comply with the post-closing schedule described in Section 5.

Creation and Perfection of Liens. (a) When executed and delivered, this Agreement will be effective (i) to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a valid and enforceable security interest in the Shared Collateral and (ii) to create in favor of the Collateral Agent, for the benefit of the Credit Secured Parties, a valid and enforceable security interest in the Non-Shared Collateral. (b) In the case of the Pledged Stock, when Certificated Securities representing such Pledged Stock are delivered by a Grantor to the Collateral Agent, together with instruments of transfer duly endorsed in blank, this Agreement will create a perfected security interest in all right, title and interest of such Grantor in such Certificated Securities to the extent perfection is governed by the Universal Commercial Code in effect in such jurisdiction, prior to and superior in right to any other Person, except for Liens permitted by Section 7.3 the Credit Agreement (but subject to the proviso at the end of such Section).