Common use of Security Perfection Clause in Contracts

Security Perfection. The Company shall take all action required to perfect the Security Interests created by the Debenture over the Security Assets (as defined in the Debenture) as soon as reasonably practicable after the date of the Debenture, including (without limitation) sending to the Agent in form and substance satisfactory to it (acting reasonably): (a) unless already delivered to the Agent, all share certificates and all other documents of title in relation to shares, stocks or other securities charged under the Debenture together with share transfer forms executed in blank or other documents required to enable the Agent or its nominees to become registered as the owner of the same; and (b) duly executed notices of charge and acknowledgements in the form of the relevant schedules to the Debenture respectively in relation to the relevant agreements or accounts charged under the Debenture, but the Company will only be obliged to use reasonable endeavours to obtain the acknowledgements referred to above.