Common use of Security Matters Clause in Contracts

Security Matters. (a) Certified copies of all notices of assignment and/or charge required to be delivered pursuant to the Security Documents. (b) Each Obligor shall have duly authorised, executed and delivered: (i) proper financing statements (Form UCC-1 or such other financing statements or similar notices as shall be required by local law) fully executed for filing under the UCC or other appropriate filing offices of each jurisdiction as may be necessary to perfect a Lien purported to be created by the Security Documents; (ii) certified copies of requests for information or copies (Form UCC-11), or equivalent reports, listing all judgement liens, tax liens or effective financing statements that name the Obligors or any of their Subsidiaries, or a division or other operating unit of any such person, as debtor and that are filed in the jurisdictions referred to in paragraph (i) above, together with copies of such other financing statements evidencing any Lien permitted by Clause 22.2 (Limitations on Liens); (iii) evidence of the completion of all other recordings and filings of, or with respect to, the Security Documents as may be necessary to perfect any Lien intended to be created by the Security Documents; (iv) each irrevocable payment instruction (if any); and (v) evidence that all other actions necessary to perfect and protect any Lien purported to be created by the Security Document have been taken.

Appears in 2 contracts

Sources: Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

Security Matters. (a) Certified copies of all notices of assignment and/or charge required to be delivered pursuant to the Security Documents. (b) Each Obligor shall have duly authorised, executed and delivered: (i) proper financing statements (Form UCC-1 UCC‑1 or such other financing statements or similar notices as shall be required by local law) fully executed for filing under the UCC or other appropriate filing offices of each jurisdiction as may be necessary to perfect a Lien purported to be created by the Security Documents; (ii) certified copies of requests for information or copies (Form UCC-11UCC‑11), or equivalent reports, listing all judgement liens, tax liens or effective financing statements that name the Obligors or any of their Subsidiaries, or a division or other operating unit of any such person, as debtor and that are filed in the jurisdictions referred to in paragraph (i) above, together with copies of such other financing statements evidencing any Lien permitted by Clause 22.2 (Limitations on Liens); (iii) evidence of the completion of all other recordings and filings of, or with respect to, the Security Documents as may be necessary to perfect any Lien intended to be created by the Security Documents; (iv) each irrevocable payment instruction (if any); and (v) evidence that all other actions necessary to perfect and protect any Lien purported to be created by the Security Document have been taken.

Appears in 2 contracts

Sources: Bpifae Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

Security Matters. 177 (a) Certified copies of all notices of assignment and/or charge required to be delivered pursuant to the Security DocumentsDocuments to be delivered under this Part 1. (b) Each Obligor shall have duly authorised, executed and delivered: (i) proper financing statements (Form UCC-1 UCC‑1 or such other financing statements or similar notices as shall be required by local law) fully executed for filing under the UCC or other appropriate filing offices of each jurisdiction as may be necessary to perfect a Lien purported to be created by the Security DocumentsDocuments to be delivered under this Part 1; (ii) certified copies of requests for information or copies (Form UCC-11UCC‑11), or equivalent reports, listing all judgement liens, tax liens or effective financing statements that name the Obligors or any of their Subsidiaries, or a division or other operating unit of any such person, as debtor and that are filed in the jurisdictions referred to in paragraph (i) above, together with copies of such other financing statements evidencing any Lien permitted by Clause 22.2 21.2 (Limitations on Liens); (iii) evidence of the completion of all other recordings and filings of, or with respect to, the Security Documents to be delivered under this Part 1 as may be necessary to perfect any Lien intended to be created by the such Security Documents; (iv) each irrevocable payment instruction (if any); and (v) evidence that all other actions necessary to perfect and protect any Lien purported to be created by the Security Document to be delivered under this Part 1 have been taken.

Appears in 1 contract

Sources: Second Lien Facility Agreement (Globalstar, Inc.)