Updated Perfection Certificates Sample Clauses

The Updated Perfection Certificates clause requires a party, typically a borrower, to provide revised documentation that confirms the accuracy and completeness of information related to secured assets, such as collateral descriptions or lien filings. This clause ensures that any changes to the collateral or its status are promptly reported and reflected in updated certificates, which may be required periodically or upon certain events. Its core function is to maintain the lender’s security interest by ensuring that all information used to perfect and protect their claim on collateral remains current and accurate, thereby reducing the risk of unenforceable security interests.
Updated Perfection Certificates. The Administrative Agent shall have received an updated perfection certificate with respect to each of the Borrowers and the other Loan Parties.
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Updated Perfection Certificates. Technologies has delivered an updated Perfection Certificate in connection with this Amendment dated as of even date herewith (the “Updated Technologies Perfection Certificate”), which Updated Technologies Perfection Certificate shall supersede in all respects that certain Perfection Certificate of Technologies dated as of December 27, 2013. Government has delivered an updated Perfection Certificate in connection with this Amendment dated as of even date herewith (the “Updated Government Perfection Certificate”), which Updated Government Perfection Certificate shall supersede in all respects that certain Perfection Certificate of Government dated as of December 3, 2015. Technologies and Government agree that all references in the Loan Agreement to “Perfection Certificate” shall hereinafter be deemed to be references to the Updated Technologies Perfection Certificate and/or the Updated Government Perfection Certificate, as applicable.
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Updated Perfection Certificates. SV has delivered an updated Perfection Certificate in connection with this Amendment dated as of the date hereof (the “Updated SV Perfection Certificate”) which Updated SV Perfection Certificate shall supersede in all respects that certain Perfection Certificate dated as of April 13, 2021. SV agrees that all references in the Loan Agreement to “Perfection Certificate” of SV shall hereinafter be deemed to be a reference to the Updated SV Perfection Certificate. Alpha has delivered an updated Perfection Certificate in connection with this Amendment dated as of the date hereof (the “Updated Alpha Perfection Certificate”) which Updated Alpha Perfection Certificate shall supersede in all respects that certain Perfection Certificate dated as of April 13, 2021. Alpha agrees that all references in the Loan Agreement to “Perfection Certificate” of Alpha shall hereinafter be deemed to be a reference to the Updated Alpha Perfection Certificate.
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Updated Perfection Certificates. In connection with this Amendment, Borrower and Guarantor have each delivered to Bank an updated Perfection Certificate, dated on or about the date hereof (each an “Updated Perfection Certificate” and collectively the “Updated Perfection Certificates”). Such Updated Perfection Certificates amend, restate and replace in their entirety the Perfection Certificates previously delivered by Borrower and Guarantor to Bank. From and after the date hereof, each reference in any Loan Document to the “Perfection Certificate” shall be deemed to be a reference to the Updated Perfection Certificates, or either Updated Perfection Certificate, as the context requires. Each of Borrower and Guarantor acknowledge, confirm and agree the disclosures and information Borrower and Guarantor provided to Bank in said Updated Perfection Certificates is true and complete as of the date hereof.
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Updated Perfection Certificates. Each Borrower has delivered an updated Perfection Certificate dated as of the date hereof (collectively, the “Updated Perfection Certificate”), which Updated Perfection Certificate shall supersede in all respects that certain Perfection Certificate dated as of November 13, 2022 delivered by Borrower to Bank. Borrower and Bank acknowledge and agree that all references in the Loan Agreement to the “Perfection Certificate” shall hereinafter be deemed to be a reference to the Updated Perfection Certificate.
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Related to Updated Perfection Certificates

  • Perfection Certificate The Administrative Agent (or its counsel) shall have received a completed Perfection Certificate dated the Closing Date and signed by a Responsible Officer of each Loan Party, together with all attachments contemplated thereby.

  • RATIFICATION OF PERFECTION CERTIFICATE Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and disclosures contained in a certain Perfection Certificate dated as of June 13, 2002 between Borrower and Bank, and acknowledges, confirms and agrees the disclosures and information Borrower provided to Bank in said Perfection Certificate has not changed, as of the date hereof.

  • Perfection, Etc Subject to the Legal Reservations and Section 5.03, each Collateral Document delivered pursuant to this Agreement will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in, the Collateral described therein to the extent intended to be created thereby, except as to enforcement, as may be limited by applicable domestic bankruptcy, insolvency, fraudulent conveyance, reorganization (by way of voluntary arrangement, schemes of arrangements or otherwise), moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and (a) when financing statements are filed in the offices of the Secretary of State of each Loan Party’s jurisdiction of organization or formation and applicable documents are filed and recorded as applicable in the United States Copyright Office or the United States Patent and Trademark Office and (b) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by the applicable Collateral Document) the Liens created by the Collateral Documents shall constitute fully perfected Liens so far as possible under relevant law on, and security interests in (to the extent intended to be created thereby and required to be perfected under the Loan Documents), all right, title and interest of the grantors in such Collateral in each case free and clear of any Liens other than Liens permitted hereunder.

  • Title, Perfection and Priority Such Grantor has good and valid rights in or the power to transfer the Collateral and title to the Collateral with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens except for Liens permitted under Section 4.1(e), and has full power and authority to grant to the Collateral Agent the security interest in such Collateral pursuant hereto. When financing statements have been filed in the appropriate offices against such Grantor in the locations listed on Exhibit H, the Collateral Agent will have a fully perfected first priority security interest in that Collateral of the Grantor in which a security interest may be perfected by filing, subject only to Liens permitted under Section 4.1(e).

  • Collateral Reports Borrower shall deliver or cause to be delivered the following: