Lessor Financing Statements definition
Examples of Lessor Financing Statements in a sentence
The Lessor Mortgage with respect to each Property creates, or upon its execution will create, a valid security interest in and mortgage lien on such Property purported to be covered thereby, and upon recordation of such Lessor Mortgage and the filing of the Lessor Financing Statements relating to such Property, such security interest and mortgage lien will constitute perfected security interests and mortgage liens, prior to all Liens other than Permitted Property Liens.
On or prior to such Acquisition Date, the applicable Lessee shall have delivered to the Agent Lessor all Lessor Financing Statements relating to such Property as the Agent Lessor or any other Lessor may reasonably request in order to protect the interests of the Agent Lessor and each of the Lessors under the Master Lease and the Lease Supplement relating to the applicable Property to the extent the Master Lease and such Lease Supplement constitute security agreements.
Lessee shall, and shall cause Lessor to, make all filing, recordings, registrations and take such actions, including, without limitation, the filing of duly executed Lessee Financing Statements and Lessor Financing Statements, necessary to insure that the Security Documents create a perfected first priority Lien (subject to Permitted Exceptions) to secure the Securities and the Certificates and that Lessor complies with Sections 3.5, 3.6 and 3.9 of the Indenture.
The Lessee shall have delivered to the Administrative Agent all Lessor Financing Statements relating to the Property being acquired on such Closing Date as the Administrative Agent or any Participant may reasonably request in order to perfect the interests of the Administrative Agent and the Participants under the Security Documents and in any fixtures or personal property constituting part of the Property.
Each of the Participants shall have received evidence or a commitment reasonably satisfactory to it that each of (i) the applicable Lease Supplement, (ii) the applicable Assignment of Lease and Rent and (iii) the applicable Lessor Financing Statements described in clause (d) above, and had been, or are being, recorded in a manner sufficient to properly perfect each of their interests therein.