Lien Recordation Sample Clauses

The Lien Recordation clause establishes the process and requirements for officially recording a lien against a property or asset. Typically, this clause outlines the steps a party must take to file a lien, such as providing notice to relevant parties and submitting documentation to the appropriate government office. By formalizing the recordation process, the clause ensures that the lien is legally recognized and enforceable, thereby protecting the interests of the party asserting the lien and providing public notice of the claim.
Lien Recordation. The Indenture (and/or financing statements or similar notices thereof to the extent permitted or required by applicable law) has been filed for record or recorded in all public offices wherein such filing or recordation is necessary to perfect the lien of the Indenture and security interest granted thereby in the collateral therein described against creditors of and purchasers from the Company and the Indenture creates a valid and perfected first Lien and security interest in the collateral described therein effective as against creditors of and purchasers from the Company, subject only to Excepted Encumbrances.
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Lien Recordation. Upon execution of this Agreement by the parties hereto, District shall cause a Notice of Assessment to be recorded in the office of the County Recorder of the County of San Bernardino. The Parties agree that the Agreement, and the obligation of Participant created herein, shall constitute a lien on the Property.
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Lien Recordation. The Indenture, as supplemented by the Third Supplemental Indenture (or financing statements or similar notices thereof to the extent permitted or required by applicable law), has been or will be before Closing filed for record or recorded in all public offices wherein such filing or recordation is necessary to perfect the Liens and security interest granted thereby in the collateral therein described as against creditors of and purchasers from the Company, and the Indenture creates a valid and perfected first Lien and security interest in the collateral described therein effective as against creditors of and purchasers from the Company, subject only to encumbrances expressly permitted by the terms of the Indenture.
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Lien Recordation. Except with respect to the Fourth Supplemental Indenture, which shall be filed for recording on or prior to the date of the Second Closing in all public offices wherein such filing or recordation is necessary to perfect the lien of the Indenture and security interest granted thereby, the Indenture (and/or financing statements or similar notices thereof to the extent permitted or required by applicable law) has been filed for record or recorded in all public offices wherein such filing or recordation is necessary to perfect the lien of the Indenture and security interest granted thereby in the collateral therein described against creditors of and purchasers from the Company and the Indenture creates a valid and perfected first Lien and security interest in the collateral described therein effective as against creditors of and purchasers from the Company, subject only to Excepted Encumbrances.
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Lien Recordation. The Security Document (or financing statements or similar notices thereof to the extent permitted or required by applicable law) have been filed for record or recorded in all public offices wherein such filing or recordation is necessary to perfect the security interest granted by such Security Document in the collateral therein described as against creditors of and purchasers from the Company and its Subsidiaries and the Security Document create a valid and perfected first security interest in such collateral effective as against creditors of and purchasers from the Company and its Subsidiaries subject only to encumbrances expressly permitted by the terms of the Agreement and such Security Document.
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Lien Recordation. A Uniform Commercial Code financing statement has been filed for record with the Secretary of State of the State of California and the Security Agreement creates a valid and perfected first security interest in such collateral effective as against creditors of and purchasers from the Company and its Subsidiaries to the extent that a Lien and security interest may be perfected under the Uniform Commercial Code by such filing, subject only to encumbrances expressly permitted by the terms of the Agreement and the Security Agreement.
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Lien Recordation. Except with respect to the Sixth Supplemental Indenture, which shall be filed for recording on or prior to the date of the Second Closing in all public offices wherein such filing or recordation is necessary to perfect the lien of the Indenture and security interest granted thereby, the Indenture (and/or financing statements or similar notices thereof to the extent permitted or required by applicable law) has been filed for record or recorded in all public offices wherein such filing or recordation is necessary to perfect the lien of the Indenture and security interest granted thereby in the collateral therein described against creditors of and purchasers from the Company and the Indenture creates a valid and perfected first Lien and
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Related to Lien Recordation

  • Lien Releases; Care of Collateral Lenders authorize Agent to release any Lien with respect to any Collateral (a) upon Full Payment of the Obligations; (b) that is the subject of an Asset Disposition which Borrowers certify in writing to Agent is a Permitted Asset Disposition or a Lien which Borrowers certify is a Permitted Lien entitled to priority over Agent’s Liens (and Agent may rely conclusively on any such certificate without further inquiry); (c) that does not constitute a material part of the Collateral; or (d) with the written consent of all Lenders. Agent shall have no obligation whatsoever to any Lenders to assure that any Collateral exists or is owned by a Borrower, or is cared for, protected, insured or encumbered, nor to assure that Agent’s Liens have been properly created, perfected or enforced, or are entitled to any particular priority, nor to exercise any duty of care with respect to any Collateral.

  • Collection; Foreclosure Upon the occurrence and during the continuance of any Event of Default, Lender may, at any time or from time to time, apply, collect, liquidate, sell in one or more sales, lease or otherwise dispose of, any or all of the Collateral, in its then condition or following any commercially reasonable preparation or processing, in such order as Lender may elect. Any such sale may be made either at public or private sale at its place of business or elsewhere. Borrower agrees that any such public or private sale may occur upon ten (10) calendar days’ prior written notice to Borrower. Lender may require Borrower to assemble the Collateral and make it available to Lender at a place designated by Lender that is reasonably convenient to Lender and Borrower. The proceeds of any sale, disposition or other realization upon all or any part of the Collateral shall be applied by Lender in the following order of priorities: First, to Lender in an amount sufficient to pay in full Lender’s costs and professionals’ and advisors’ fees and expenses as described in Section 11.11; Second, to Lender in an amount equal to the then unpaid amount of the Secured Obligations (including principal, interest, and the Default Rate interest), in such order and priority as Lender may choose in its sole discretion; and Finally, after the full, final, and indefeasible payment in Cash of all of the Secured Obligations, to any creditor holding a junior Lien on the Collateral, or to Borrower or its representatives or as a court of competent jurisdiction may direct. Lender shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it complies with the obligations of a secured party under the UCC.