Common use of Perfection Certificate; Filings, Registrations and Recordings Clause in Contracts

Perfection Certificate; Filings, Registrations and Recordings. The Administrative Agent shall have received a completed Perfection Certificate dated the Closing Date and signed by a Responsible Officer of the Borrower, together with all attachments contemplated thereby. Each document (including any UCC financing statement) required by the Collateral Documents (except for the Mortgages, including any amendment to an existing mortgage with respect to each applicable Mortgaged Property) or under law or reasonably requested by the Agents to be filed, registered or recorded in order to create in favor of the Collateral Agent, for the benefit of the Lenders, a perfected Lien on the Collateral described therein, prior and superior in right to any other Person (other than with respect to Permitted Liens), shall be in proper form for filing, registration or recordation. The Collateral Agent, on behalf of the Lenders, shall have a security interest in the Collateral of the type and priority described in the Collateral Documents (except for the Mortgages, including any amendment to an existing mortgage with respect to each applicable Mortgaged Property) (subject to Liens permitted by Section 6.02 and, subject to the terms of the Intercreditor Agreement, the Liens granted under the ABL Security Documents).

Appears in 1 contract

Sources: Term Loan Credit Agreement (Amscan Holdings Inc)

Perfection Certificate; Filings, Registrations and Recordings. The Administrative Agent shall have received a completed Perfection Certificate dated the Closing Second Amended Effective Date and signed by a Responsible Officer of the BorrowerCompany, together with all attachments contemplated thereby. Each document (including any UCC financing statement) required by the Collateral Documents (except for the Mortgages, including any amendment to an existing mortgage with respect to each applicable Mortgaged Property) or under law or reasonably requested by the Agents Agent to be filed, registered or recorded in order to create in favor of the Collateral Agent, for the benefit of the LendersAgent, the Co-Collateral Agents, the Lenders and other holders of Secured Obligations, a perfected Lien on the Collateral described therein, prior and superior in right to any other Person (other than with respect to Permitted LiensLiens expressly permitted by Section 6.02), shall be in proper form for filing, registration or recordation. The Collateral Agent, on behalf of the LendersAgent, the Co-Collateral Agents, the Lenders and other holders of Secured Obligations, shall have a security interest in the Collateral of the type and priority described in the Collateral Documents (except for the Mortgages, including any amendment to an existing mortgage with respect to each applicable Mortgaged Property) (subject to Liens expressly permitted by Section 6.02 and, subject to the terms of the Intercreditor Agreement, Agreement and the Liens granted under the ABL Term Loan Security Documents).

Appears in 1 contract

Sources: Credit Agreement (Neiman Marcus, Inc.)