Perfection Action definition

Perfection Action means (i) in the case of any Lease, the actions required to perfect the Security Trustee’s interest in such Lease (which, in respect of an Allegiant Lease, shall be as set forth in Section 7.03(i)), and (ii) in the case of any Aircraft, the actions required to perfect the Security Trustee’s interest in such Aircraft (which, in respect of an Aircraft registered with the FAA, shall be as set forth in Section 7.03(i)).
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Perfection Action means the delivery of possession of items of (or evidencing) Collateral, causing other Persons to execute and deliver Perfection Documents as appropriate, the filing or recordation of Perfection Documents, the establishment of control over items of Collateral, and the taking of such other actions as may be necessary or advisable in the determination of the Collateral Agent to create, enforce, protect, perfect, or establish or maintain the priority of, the security interest of the Collateral Agent for the benefit of the Secured Creditors in the Collateral.
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Perfection Action means (i) in the case of any Lease, the actions required to perfect the Security Trustee's interest in such Lease as set forth in Section 7.2(j), and (ii) in the case of any Aircraft, the actions required to perfect the Security Trustee's interest in such Aircraft (which, in respect of an Aircraft registered with the FAA, shall be as set forth in Section 7.2(j)).
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Examples of Perfection Action in a sentence

  • Notwithstanding anything in this clause (vii), no Credit Party shall be required to take any Excluded Perfection Action.

  • Notwithstanding anything in this Section 7.13, no Credit Party shall be required to take any Excluded Perfection Action.

  • Nothing contained herein shall be deemed to require the Revolving Administrative Agent to request any Perfection Action with respect to any Deposit Account or certificate of deposit.

  • Without limiting the generality of the foregoing, in the case of a certificate of deposit described in clause (x) above, such Perfection Action may (in the reasonable discretion of, and upon request by, the Revolving Administrative Agent) include a requirement that such certificate of deposit be issued as or converted to a negotiable instrument and that such certificate be delivered to the Revolving Administrative Agent together with a duly executed undated assignment in blank affixed thereto.

  • Without limiting the generality of the foregoing, in the case of a certificate of deposit described in clause (x) above, such Perfection Action may (in the reasonable discretion of, and upon request by, the Administrative Agent) include a requirement that such certificate of deposit be issued as or converted to a negotiable instrument and that such certificate be delivered to the Administrative Agent together with a duly executed undated assignment in blank affixed thereto.

  • At the Agent’s request, each Loan Party shall also promptly execute or cause to be executed and shall deliver to the Agent any and all documents, instruments and agreements deemed necessary by the Agent to give effect to or carry out the terms or intent of the Loan Documents, provided that no Loan Party shall be required to take any Excluded Perfection Action.

  • Nothing contained herein shall be deemed to require the Administrative Agent to request any Perfection Action with respect to any Deposit Account or certificate of deposit.

  • Notwithstanding anything to the contrary in this Agreement or the other Financing Documents (other than the UK Debentures and the UK Share Charges), (a) no Borrower or other Credit Party makes any representation or warranties regarding the existence, creation or enforceability of any security interest or Lien granted under this Agreement arising under any laws other than the federal and state laws of the United States and (b) no Credit Party shall be required to take any Excluded Perfection Action.

  • Subject to Section 7.15 and the definition of Excluded Perfection Action with respect to Non-Opinion Parties, original certificates evidencing any certificated Equity Interests constituting Collateral, together with undated stock transfer powers executed in blank.

  • Unless constituting an Excluded Perfection Action, each Pledgor hereby agrees that all certificates or instruments representing or evidencing Securities Collateral acquired by such Pledgor after the date hereof and required to be pledged hereunder shall promptly (but in any event within the time period required by Section 5.11 of the Credit Agreement be delivered to and held by or on behalf of the Collateral Agent pursuant hereto.

Related to Perfection Action

  • Collection Action means any of the following:

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Perfection Certificate is defined in Section 5.1.

  • Excluded Perfection Assets means, collectively:

  • Enforcement Action means any action of any kind to:

  • Perfection Certificates is defined in Section 5.1.

  • Perfection Requirements means the making or procuring of filings, stampings, registrations, notarisations, endorsements, translations and/or notifications of any Finance Document (and/or any Security created under it) necessary for the validity, enforceability (as against the relevant Obligor or any relevant third party) and/or perfection of that Finance Document.

  • Perfection Representations means the representations, warranties and covenants set forth in Schedule 1 attached hereto.

  • Agent’s Liens means the Liens in the Collateral granted to the Agent, for the benefit of the Lenders, Bank, and Agent pursuant to this Agreement and the other Loan Documents.

  • Collateral and Guarantee Requirement means, at any time, the requirement that:

  • Second Priority Collateral Documents means the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Second Priority Claims or under which rights or remedies with respect to such Liens are at any time governed.

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • Senior Collateral Documents means the Security Agreement and the other “Security Documents” as defined in the Credit Agreement, the Pari Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Transaction Liens means the Liens on Collateral granted by the Credit Parties under the Security Documents.

  • ABL Collateral Documents means all “Security Documents” as defined in the Original ABL Credit Agreement, and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with any ABL Credit Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted securing any ABL Obligations or under which rights or remedies with respect to such Liens are governed, in each case as the same may be amended, supplemented, waived or modified from time to time.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Delaware UCC means the Uniform Commercial Code as in effect in the State of Delaware from time to time.

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.

  • First Lien Collateral Documents means the “Security Documents” or “Collateral Documents” or similar term (as defined in the applicable First Lien Loan Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any First Lien Obligations or pursuant to which any such Lien is perfected.

  • Collateral has the meaning set forth in Section 2.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Perfection Certificate Supplement means a certificate supplement in the form of Exhibit G-2 hereto or any other form approved by the Collateral Agent.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Financing Statements The meaning specified in Section 9-102(a)(39) of the UCC.