Common use of Perfection Certificates and UCC Search Results Clause in Contracts

Perfection Certificates and UCC Search Results. The Lender shall have received from each of the Borrower and its Subsidiaries a completed and fully executed Perfection Certificate and the results of UCC searches and all other applicable Lien searches, indicating no Liens other than Permitted Liens and otherwise in form and substance satisfactory to the Lender.

Appears in 2 contracts

Sources: Loan Agreement (Applied Opsec Corp), Loan Agreement (Optical Security Group Inc)