Common use of Registration and Recording Clause in Contracts

Registration and Recording. On or prior to the first Shipment Date hereunder, Seller shall have received evidence satisfactory to Seller that (I) Uniform Commercial Code financing statements have been duly executed and delivered by Purchaser, as debtor, and Seller, as secured party, and have been duly filed in all places within the States of California, Delaware [other states where Equipment will be located, if any]; and (ii) all registrations, recordations, filings or any other action have been duly completed in all other places in which such filings are necessary or advisable, in the opinion of counsel for Seller, to establish, maintain, preserve, perfect and protect Seller's rights, titles and interests under the Conditional Sale Documents in and to the Collateral.