Common use of Failure to Perfect Clause in Contracts

Failure to Perfect. Bank's failure to record the Mortgage or to file any UCC financing statements (or Bank's improper recording or filing of any thereof or failure to continue same) or to otherwise perfect, protect, secure or insure any security interest or lien given as security for any of the obligations described in any of the Bank Documents;

Failure to Perfect. The Bank's failure to record the Mortgage or to file any UCC financing statements (or the Bank's improper recording or filing of any thereof or failure to continue samethereof) or to otherwise perfect, protect, secure secure, or insure any security interest or lien given as security for any of the obligations described in any of the Bank DocumentsLoan;