Common use of Perfection of Security Clause in Contracts

Perfection of Security. Subject to Section 5.13 (Post-Closing), Administrative Agent shall have received satisfactory evidence of the completion of all actions, recordings and filings of or with respect to the Security Documents that Administrative Agent may deem necessary or reasonably desirable in order to perfect the first-priority Liens (subject only to Permitted Liens) created thereunder, including the delivery of the original certificates representing all Equity Interests in the Pledged Entities (in each case, together with a duly executed transfer power) to Collateral Agent and the filing of UCC-l financing statements.

Perfection of Security. Subject to Section 5.13 (Post-Closing), The Administrative Agent shall have received satisfactory evidence of the completion of all other actions, recordings and filings of or with respect to the Security Documents that the Administrative Agent may deem necessary or reasonably desirable in order to perfect the first-first priority Liens (subject only to Permitted Liens) created thereunder, including the delivery of the original certificates representing all Equity Interests in the Pledged Entities Subsidiary Guarantors (in each case, case together with a duly executed transfer powerpower and irrevocable proxy in substantially the form attached to the Pledge and Security Agreement) to the Collateral Agent and the filing of UCC-l financing statements.

Perfection of Security. Subject to Section 5.13 (Post-Closing), Administrative Agent shall have received satisfactory evidence of the completion of all actions, recordings and filings of or with respect to the Security Documents that Administrative Agent may deem necessary or reasonably desirable in order to perfect the first-priority Liens (subject only to Permitted Liens) created thereunder, including the delivery of the original certificates representing all Equity Interests in the Pledged Entities (in each case, together with a duly executed transfer powerpower and irrevocable proxy in substantially the form attached to the Pledge and Security Agreement) to Collateral Agent and the filing of UCC-l financing statements.