Common use of Perfection Certificates and UCC Search Results Clause in Contracts

Perfection Certificates and UCC Search Results. The Agent shall have received from each of the Borrower and the Guarantors a completed and fully executed Perfection Certificate and the results of UCC searches and other lien searches with respect to the Collateral, indicating no liens other than Permitted Liens or liens being discharged in connection with this transaction so long as the Agent has received evidence satisfactory to it that the holder of each such lien is prepared and obligated to discharge such lien on the Closing Date and otherwise in form and substance satisfactory to the Agent.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Flextronics International LTD), Revolving Credit Agreement (Flextronics International LTD), Credit and Term Loan Agreement (Flextronics International LTD)

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Perfection Certificates and UCC Search Results. The Agent shall have ---------------------------------------------- received from each of the Borrower and the Guarantors its Subsidiaries a completed and fully executed Perfection Certificate and the results of UCC searches and other lien searches with respect to the Collateral, indicating no liens other than Permitted Liens or (and liens being to be discharged in connection with this transaction so long as the Agent has received evidence satisfactory to it that the holder of each such lien is prepared and obligated to discharge such lien on the Closing Date pursuant to (S)12.16) and otherwise in form and substance satisfactory to the Agent.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Petro Stopping Centers L P)

Perfection Certificates and UCC Search Results. The Agent shall have received from each of the Borrower Holding Company and the Guarantors its Subsidiaries a completed and fully executed Perfection Certificate and the results of UCC searches and other lien searches (including without limitation UCC, judgment and tax lien search results) with respect to the Collateral, indicating no liens other than Permitted Liens or liens being discharged in connection with this transaction so long as the Agent has received evidence satisfactory to it that the holder of each such lien is prepared and obligated to discharge such lien on the Closing Date and otherwise in form and substance satisfactory to the Agent.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (CRC Evans International Inc)

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Perfection Certificates and UCC Search Results. The Agent shall have received from each of the Borrower Borrowers and the Guarantors a completed and fully executed Perfection Certificate and the results of UCC searches and other lien searches with respect to the Collateral, indicating no liens other than Permitted Liens or liens being discharged in connection with this transaction so long as the Agent has received evidence satisfactory to it that the holder of each such lien is prepared and obligated to discharge such lien on the Closing Date and otherwise in form and substance satisfactory to the Agent.

Appears in 1 contract

Samples: Revolving Credit Agreement (Flextronics International LTD)

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