Perfection of Transfer. AND PROTECTION OF SECURITY INTERESTS
Perfection of Transfer. If, at any time after the Closing Date, any further action is necessary or desirable to vest, perfect or confirm in the Buyer title to or ownership or possession of the EOIR Shares acquired pursuant to this Agreement, the Sellers, as well as the officers and directors of EOIR and the Buyer, are fully authorized in their name and in the name of their respective corporations or otherwise to take, and will take, all such lawful and necessary action to so vest, perfect or confirm in the Buyer title to or ownership of the EOIR Shares, so long as such action is consistent with this Agreement.The parties hereto will execute and deliver such further agreement and do such further act and things as may be required to carry out the intent of this Agreement. SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT ------------------------------------------
Perfection of Transfer. (a) The Depositor and the Company shall file such Uniform Commercial Code financing statements and assignments as are described in Sections 3.01and 3.02 in accordance with such Sections and take such other actions as are required (i) to perfect the sale by the Company to the Depositor of the Loans and the related Loan Assets, (ii) to assign to the Trustee all Uniform Commercial Code financing statements perfecting the security interest of the Depositor (as assignee of the Company) in the related Loan Collateral, (iii) to perfect the first priority security interest of the Trustee in the Loans and the related Loan Assets and (iv) to cause any related Loan Collateral (including any Mortgages) to name the Trustee as lienholder. From time to time thereafter, the Servicer shall take or cause to be taken such actions and execute such documents as are necessary to perfect and protect the Trustee's interest in the Loans and the Loan Collateral against all other Persons, including the filing of financing statements, amendments thereto and continuation statements, the execution of transfer instruments and the making of notations on or taking possession of all records.
Perfection of Transfer. In connection with the transfer, assignment and set-over set forth in Section 2.1(a), the Transferor agrees as follows:
Perfection of Transfer. The Depositor has caused or will have caused, within ten days of the Closing Date, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the security interest in the Conveyed Assets Transferred to the Trustee under the Trust Agreement. Documents Procedures to be Performed
Perfection of Transfer. (a) The Issuer and the Company shall file UCC-1 financing statements described in Section 4.01 hereof in accordance with such Section 4.01. From time to time, the Servicer shall take or cause to be taken such actions and execute such documents as are necessary to perfect and protect the Trustee's first perfected priority interest in the Collateral against all other Persons, including, without limitation, the filing of financing statements, amendments thereto and continuation statements, the execution of transfer instruments and the making of notations on or taking possession of all records or documents of title.
Perfection of Transfer. AND PROTECTION OF SECURITY INTERESTS;.....................................................32 Section 4.01. Custody of Contracts.........................................................................32 Section 4.02. Filing.......................................................................................34 Section 4.03. Name Change or Relocation....................................................................34 Section 4.04. Chief Executive Office.......................................................................35 Section 4.05.
Perfection of Transfer. 28 Section 4.01. Filing; Custody of Lease Files . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Section 4.02. Name Change or Relocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 4.03. Chief Executive Office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Section 4.04. Costs and Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 ARTICLE V. ADMINISTRATION AND SERVICING OF LEASES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Section 5.01. Acceptance of Appointment; Duties of Servicer . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Section 5.02. Collection of Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Section 5.03. Servicer Advances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Section 5.04. Realization Upon Defaulted Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Section 5.05. Maintenance of Insurance Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Section 5.06. Servicing Compensation; Payment of Certain Expenses by Servicer . . . . . . . . . . . . . . . . . 36
Perfection of Transfer. (a) The Transferor and the Company shall file UCC- 1 financing statements described in Section 4.01(f) hereof in accordance with such Section. Within thirty days of the Closing Date, the Transferor and the Company shall file an application for certificate of title for each item of titled Equipment, naming the Trustee as first lienholder and with respect to Lease Contracts which are not Loan Contracts, also naming the Transferor as owner of such titled Equipment. On or prior to the Funding Termination Date, the Transferor and the Company shall deliver such original certificate of title to the Trustee. From time to time, the Servicer shall take or cause to be taken such actions and execute such documents as are necessary to perfect and protect the Trustee's and MBIA's respective interests in the Lease Contracts against all other Persons, including, without limitation, the filing of financing statements, amendments thereto and continuation statements, the execution of transfer instruments and the making of notations on or taking possession of all records or documents of title.
Perfection of Transfer. ........................................................................9
