{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "six-months", "type": "definition", "offset": [105, 115]}, {"key": "one-month", "type": "definition", "offset": [135, 144]}, {"key": "prior-to-the", "type": "clause", "offset": [145, 157]}, {"key": "fifth-anniversary", "type": "definition", "offset": [158, 175]}, {"key": "date-of-filing", "type": "clause", "offset": [183, 197]}, {"key": "financing-statements", "type": "definition", "offset": [205, 225]}, {"key": "in-connection-with", "type": "clause", "offset": [232, 250]}, {"key": "lease-closing-date", "type": "definition", "offset": [255, 273]}, {"key": "other-financing", "type": "definition", "offset": [281, 296]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [313, 339]}, {"key": "each-case", "type": "definition", "offset": [344, 353]}, {"key": "final-settlement-date", "type": "clause", "offset": [391, 412]}], "size": 5, "snippet": "Authorize and deliver and file or cause to be filed 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three months prior to the fifth anniversary of the date of filing of the financing statement referred to in Schedule I hereto or any other financing statement filed pursuant to this Agreement or in connection with any Advance hereunder, unless the Collection Date shall have occurred:\n(i) authorize and deliver and file or cause to be filed an appropriate continuation statement with respect to such financing statement; and\n(ii) deliver or cause to be delivered to the Collateral Agent, the Administrative Agent and the Lenders an opinion of the counsel for the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, confirming and updating the opinion delivered pursuant to Schedule I with respect to perfection and otherwise to the effect that the security interest hereunder continues to be an enforceable and perfected security interest, subject to no other Liens of record except as provided herein or otherwise permitted hereunder, which opinion may contain 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Debtor agrees to furnish any such information to Secured Party promptly upon request. 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months and not later than three months prior to the fifth anniversary of the date of filing of the financing statement referred to in Schedule I hereto or any other financing statement filed pursuant to this Agreement or in connection with any Advance hereunder, unless the Collection Date shall have occurred:\n(i) authorize and deliver and file or cause to be filed an appropriate continuation statement with respect to such financing statement; and\n(ii) deliver or cause to be delivered to the Collateral Agent, the Administrative Agent and the Lender Agents an opinion of the counsel for the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, confirming and updating the opinion delivered pursuant to Schedule I with respect to perfection and otherwise to the effect that the security interest hereunder continues to be a valid and perfected security interest, and stating that counsel has reviewed applicable searches of the UCC filing office in the Borrower\u2019s jurisdiction of organization and that such searches do not indicate any other Liens of record except as specified therein, provided herein or otherwise permitted hereunder, which opinion may contain usual and customary assumptions, limitations and exceptions.", "samples": [{"hash": "eiiBXqwsuEJ", "uri": "/contracts/eiiBXqwsuEJ#continuation-statements", "label": "Loan and Servicing Agreement (Solar Capital Ltd.)", "score": 30.5906906128, "published": true}, {"hash": "fYeXVNRwIEP", "uri": "/contracts/fYeXVNRwIEP#continuation-statements", "label": "Consent and Omnibus Amendment (Solar Senior Capital Ltd.)", "score": 30.1389465332, "published": true}, {"hash": "5R2zj01okPv", "uri": "/contracts/5R2zj01okPv#continuation-statements", "label": "Consent and Omnibus Amendment (Solar Capital Ltd.)", "score": 30.1389465332, "published": true}], "hash": "bd329c5cd332a537551830a268abc5c2", "id": 9}, {"snippet_links": [{"key": "the-servicer", "type": "definition", "offset": [22, 34]}, {"key": "file-documents", "type": "clause", "offset": [53, 67]}, {"key": "the-owner", "type": "definition", "offset": [96, 105]}, {"key": "leased-vehicle", "type": "definition", "offset": [113, 127]}, {"key": "certificates-of-title", "type": "definition", "offset": [159, 180]}, {"key": "name-of-buyer", "type": "clause", "offset": [188, 201]}, {"key": "other-documents", "type": "clause", "offset": [213, 228]}, {"key": "by-buyer", "type": "clause", "offset": [239, 247]}, {"key": "required-by-law", "type": "clause", "offset": [263, 278]}, {"key": "the-interest", "type": "definition", "offset": [309, 321]}, {"key": "the-contracts", "type": "clause", "offset": [341, 354]}], "size": 3, "snippet": "If Buyer so requests, the Servicer shall execute and file documents that shall reflect Buyer as the owner of the Leased Vehicle, including registration of the Certificates of Title in the name of Buyer and/or any other documents requested by Buyer or that may be required by law to preserve fully and protect the interest of Buyer in and to the Contracts.", "samples": [{"hash": "fSwfQdOHEwY", "uri": "/contracts/fSwfQdOHEwY#continuation-statements", "label": "Servicing Agreement (Transition Auto Finance Iv Inc)", "score": 16.0, "published": true}, {"hash": "baP1TgGcADI", "uri": "/contracts/baP1TgGcADI#continuation-statements", "label": "Servicing Agreement (Transition Auto Finance Ii Inc)", "score": 16.0, "published": true}, {"hash": "8ScX5mmSWjt", "uri": "/contracts/8ScX5mmSWjt#continuation-statements", "label": "Servicing Agreement (Transition Auto Finance Iii Inc)", "score": 16.0, "published": true}], "hash": "aa6b69cd2213b2e125e4cca93512ac17", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiBjb250aW51YXRpb24tc3RhdGVtZW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 157, "children": [["taxes", "Taxes"], ["use-of-proceeds", "Use of Proceeds"], ["servicing-programs", "Servicing Programs"], ["preservation-of-existence", "Preservation of Existence"], ["", ""]], "title": "Continuation Statements", "parents": [["affirmative-covenants-of-the-borrower", "Affirmative Covenants of the Borrower"], ["general-covenants", "General Covenants"], ["miscellaneous", "Miscellaneous"], ["beneficial-ownership-certification", "Beneficial Ownership Certification"], ["compliance-with-applicable-law", "Compliance with Applicable Law"]], "id": "continuation-statements", "related": [["termination-statements", "Termination Statements", "Termination Statements"], ["confirmation-statements", "CONFIRMATION STATEMENTS", "CONFIRMATION STATEMENTS"], ["registration-statement-amendments", "Registration Statement Amendments", "Registration Statement Amendments"], ["reconciliation-statements", "Reconciliation Statements", "Reconciliation Statements"], ["information-statement", "Information Statement", "Information Statement"]], "related_snippets": [], "updated": "2026-10-08T05:48:26+00:00", "also_ask": ["What are the essential elements that must be included in a continuation statement to ensure legal effectiveness?", "How can continuation statements be strategically used or negotiated to extend or modify security interests?", "What are the most common pitfalls or fatal flaws in drafting continuation statements that could jeopardize enforceability?", "How do continuation statement requirements differ across key jurisdictions, and what are the implications for multi-state transactions?", "What standards do courts apply when determining the sufficiency and timeliness of a continuation statement in litigation?"], "drafting_tip": "Specify filing obligations, set clear deadlines, and assign responsibility to ensure compliance and prevent lapse of security interests.", "explanation": "A Continuation Statements clause outlines the requirements for providing periodic or ongoing statements or certifications that confirm the continued validity of certain facts, representations, or conditions throughout the duration of an agreement. Typically, this clause obligates one or both parties to regularly reaffirm that key obligations, warranties, or covenants remain true, such as compliance with laws or the absence of defaults. Its core practical function is to ensure ongoing transparency and accountability, helping to promptly identify and address any changes in circumstances that could affect the agreement."}, "json": true, "cursor": ""}}