Common use of UCC Reports Clause in Contracts

UCC Reports. Delivery to Administrative Agent of a UCC report dated as of a date no more than five days prior to the Credit Event Date for each of the jurisdictions in which UCC-1 financing statements are intended to be filed in respect of the Project Company Collateral related to the Subject Project, Subject Project Company or Subject Intermediate Holding Companies, confirming that upon due filing (assuming such filing occurred on the date of such respective reports) the security interests created under the Project Company Collateral Documents will be prior to all other financing statements or other security documents wherein the security interest is perfected by filing in respect of such Project Company Collateral, other than (a) financing statements or other security documents evidencing security interests that will be released and/or discharged on or prior to the Credit Event Date and (b) financing statements or other security documents evidencing Project Company Permitted Liens.