Common use of Documents and Actions Relating to Collateral Clause in Contracts

Documents and Actions Relating to Collateral. The Lenders shall have received, in form and substance satisfactory to them, results of such Lien searches as they shall reasonably request, and evidence that all filings, registrations and recordings have been made in the appropriate governmental offices, and all other action requested by the Majority Lenders has been taken, which shall be necessary to create, in favor of any Collateral Agent or the Lenders, a perfected first priority Lien on the Collateral.

Documents and Actions Relating to Collateral. The Lenders Lender shall have received, in form and substance satisfactory to themit, results of such Lien searches as they it shall reasonably request, and evidence that all filings, registrations and recordings have been made in the appropriate governmental offices, and all other action requested by the Majority Lenders Lender has been taken, which shall be necessary to create, in favor of any Collateral Agent or the LendersLender, a perfected first priority Lien on the Collateral.