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

Perfection Certificate; Filings, Registrations and Recordings. The Administrative Agent shall have received from each Borrower a completed Perfection Certificate, dated the Closing Date and signed by a Responsible Officer each Borrower, together with all attachments contemplated thereby. Each document (including any UCC financing statement) required by the Collateral Documents 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 Liens permitted by Section 6.02), 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 (subject to Liens permitted by Section 6.02).

Appears in 1 contract

Sources: Abl Credit Agreement (Navistar International Corp)

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

Appears in 1 contract

Sources: Abl Credit Agreement (Navistar International Corp)