Perfection of Security Clause Samples

Perfection of Security the Security Trustee shall not be liable for any failure, omission or defect in perfecting any security created or purported to be created by or pursuant to any of the Security Documents including (without prejudice to the generality of the foregoing): (a) failure to obtain any licence, consent or other authority for the execution, delivery, validity, legality, adequacy, performance, enforceability or admissibility in evidence of any of the Security Documents or any other document; (b) failure to effect or procure registration of or otherwise protect any security created or purported to be created by or pursuant to any of the Security Documents or any other document by registering under any applicable registration laws in any territory, any notice, caution or other entry prescribed by or pursuant to the provisions of the said laws; (c) failure to take or require any of the Obligors to take any steps to render the security created or purported to be created by or pursuant to any of the Security Documents effective as regards any property outside England and Wales or to secure the creation of any ancillary charge under the laws of any territory concerned; or (d) failure to call for delivery of documents of title to or require transfers, legal mortgages, charges or other further assurances in relation to any of the Trust Property;

Perfection of Security. The Borrower must (at its own cost) take any action and enter into and deliver any document which is required by the Lender so that a Security Document provides for effective and perfected security in favor of any successor of the Lender, including (but not limited to), promptly after the date hereof: (a) registration of particulars of each Security Document with the Registrar of Corporate Affairs in the British Virgin Islands and payment of associated fees; and (b) filing of a UCC financing statement with the Washington DC Recorder of Deeds (and any amendments or continuation financing statements in relation thereto) in respect of the Share Pledge and payment of associated fees.

Perfection of Security. Each Obligor must (at its own cost) take any action and enter into and deliver any document which is required by the Security Trustee so that a Security Document provides for effective and perfected security in favour of any successor Security Trustee.

Perfection of Security. 3.1 The Pledgor shall on the date hereof deliver to the Trustee the share certificate evidencing the Shares endorsed in blank. Should any shares in the Company be issued in the future, the Pledgor shall promptly deliver to the Trustee any share certificates evidencing such shares endorsed in blank together with any coupons and other documents pertaining thereto. The Trustee shall hold the share certificates in Sweden on behalf of itself and the Noteholders. 3.2 For as long as no Event of Default has occurred, all dividends declared on or in respect of the Shares and any other payments with respect to the Shares shall be paid to the Pledgor. Following the occurrence of an Event of Default, and for as long as it is continuing, all dividends and any other payments with respect to the Shares shall be paid to the Trustee on behalf of the Secured Parties. Any dividends or other payments with respect to the Shares paid to the Trustee shall become part of the security created herein and be applied towards satisfaction of the Secured Obligations in accordance with Clause 7 of this Agreement. 3.3 The Pledgor shall on the date hereof inform the Company of the pledge and Security Interest over the Shares created hereby in the form attached hereto as SCHEDULE 1 and the Company shall have acknowledged receipt of such notice. 3.4 The Pledgor shall on the date hereof issue to the Trustee on behalf of the Noteholders a separate power of attorney in the form of SCHEDULE 2 giving the Trustee on behalf of the Noteholders the right to participate and vote for the Shares at shareholders' meetings in the Company, provided an Event of Default has occurred and is continuing. The Pledgor shall renew the power of attorney annually or from time to time, at the request of the Trustee, so that it remains continually in effect. 3.5 During the term of this Agreement, and except as provided below, the Pledgor shall have the right to vote for the Shares in a manner not inconsistent with the terms of this Agreement and the Indenture. Upon the occurrence and during the continuance of an Event of Default, the Trustee on behalf of the Noteholders may, at its own option and to the exclusion of the Pledgor, exercise all voting powers under the power of attorney given pursuant to Clause 3.4 hereof, as the Noteholders may direct in accordance with the terms of the Indenture. 3.6 The Trustee shall, when all Secured Obligations have been duly and irrevocably fulfilled and discharged, promptly releas...

Perfection of Security. The Corporation authorizes the Collateral Agent to file such financing statements and other documents and do such acts, matters and things as the Collateral Agent may consider appropriate to perfect and continue the Security Interest, to protect and preserve the interest of the Collateral Agent in Collateral and to realize upon the Security Interest.

Perfection of Security. The Pledgor authorizes the Collateral Agent to file such financing statements and other documents and do such acts, matters and things as the Collateral Agent may consider appropriate to perfect and continue the Collateral Agent's security interest in the Collateral, to protect and preserve the Collateral Agent's security interest in the Collateral and to realize upon the Collateral Agent's security interest in the Collateral.

Perfection of Security. Each of the Obligors shall (and shall ensure other Obligor Parties will), at their own costs, take any action and enter into and deliver any document which is reasonably required by the Security Agent so that a Transaction Security Document provides for effective and perfected security in favour of the Security Agent or any successor Security Agent.

Perfection of Security. Administrative Agent shall have received satisfactory evidence of the completion of all actions, recordings and filings of or with respect to the Security Documents that Administrative Agent may deem necessary or reasonably desirable in order to perfect the first-priority Liens (subject only to Permitted Liens) created thereunder, including the delivery of the original certificates representing all Equity Interests in the Pledged Entities (in each case, together with a duly executed transfer power and irrevocable proxy in substantially the form attached to the Pledge and Security Agreement) to Collateral Agent and the filing of UCC-l financing statements.

Perfection of Security. The Debtor authorizes the Secured Party to file such financing statements and other documents and do such acts, matters and things as the Secured Party may consider appropriate to perfect and continue the Security Interest, to protect and preserve the interest of the Secured Party in the Collateral and to realize upon the Security Interest.