Common use of Perfection of Interest Clause in Contracts

Perfection of Interest. All filings and recordings necessary or advisable, in the reasonable opinion of the Buyer or its counsel, to perfect the Buyer's right, title and interest in and to the Contract Payments and the Collateral, shall have been duly made, and all taxes, recordation fees and other amounts due in connection therewith shall have been paid in full by the Seller.

Appears in 2 contracts

Sources: Assignment and Security Agreement (Northeast Utilities System), Assignment and Security Agreement (Northeast Utilities System)