Security Interest; Searches Sample Clauses

Security Interest; Searches. Evidence that all other actions necessary or, in the opinion of Buyer, desirable to perfect, maintain the priority of, and otherwise protect Buyer’s interest in the Purchased Mortgage Loans, other Related Purchased Mortgage Loans and the Servicing Rights have been taken, including, without limitation, the delivery to Buyer of (i) the fully-executed Account Agreement, (ii) UCC, tax lien, bankruptcy, judgment and litigation searches, (iii) duly authorized and filed Uniform Commercial Code financing statements on Form UCC-1, and (iv) written evidence that all necessary UCC-3 releases, as determined by Buyer, have been properly filed or are authorized to be filed. (vii)
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Security Interest; Searches. UCC searches, tax lien searches, pending litigation searches and judgment searches of the county and state public records from each county in which any of the Assets are located, within forty-five (45) days after the execution of this Agreement. Buyer, at its sole expense, shall obtain any and all updates of such security interest searches. To the extent that any Security Interests appear on the aforementioned UCC searches, Seller shall deliver full and complete releases of such Security Interests in form reasonably satisfactory to Buyer at Closing unless assumed by Buyer. Seller also shall deliver evidence of the dismissal of any suits or the satisfaction of any liens or judgments, all in form reasonably satisfactory to Buyer.
Sample 1
Security Interest; Searches. UCC searches, tax lien searches, pending litigation searches and judgment searches of the county and state public records from each county in which any of the Assets are located, within forty-five (45) calendar days after the execution of this Agreement. Buyer, at its sole expense, shall obtain any and all updates of such security interest searches. To the extent that any Security Interests appear on the aforementioned UCC searches, Seller shall deliver full and complete releases of such Security Interests in form reasonably satisfactory to Buyer at Closing unless assumed by Buyer.
Sample 1Sample 2
Security Interest; Searches. UCC searches, tax lien searches, pending litigation searches and judgment searches of the county and state public records from each county in which any of the Assets are located, within forty-five (45) days after the execution of this Agreement. Buyer, at its sole expense, shall obtain any and all updates of such security interest searches. To the extent that any Security Interests appear on the aforementioned UCC searches, Seller shall
Sample 1Sample 2
Security Interest; Searches. Evidence that all other actions necessary or, in the opinion of Xxxxx, desirable to perfect, maintain the priority of, and otherwise protect Buyer’s interest in the Purchased Assets have been taken, including, without limitation, the delivery to Buyer of (i) UCC, tax lien, bankruptcy, judgment and litigation searches, (ii) duly authorized and filed Uniform Commercial Code financing statements on Form UCC- 1, and (iii) written evidence that all necessary UCC-3 releases, as determined by Buyer, have been properly filed or are authorized to be filed. (vii) Buyer shall have received duly-executed copies of the Mortgage Loan Repurchase Agreement, and the “Pricing Letter” (as defined in the Mortgage Loan Repurchase Agreement), and all conditions precedent to the closing of the Mortgage Loan Repurchase Agreement (as set forth in Section 3(a) thereof) shall have been satisfied. (viii)
Sample 1
Security Interest; Searches. Evidence that all other actions necessary or, in the opinion of Xxxxx, desirable to perfect, maintain the priority of, and otherwise protect Buyer’s interest in the Purchased Assets have been taken, including, without limitation, the delivery to Buyer of (i) UCC, tax lien, bankruptcy, judgment and litigation searches, (ii) duly authorized and filed Uniform Commercial Code financing statements on Form UCC-1, and (iii) written evidence that all necessary UCC-3 releases, as determined by Buyer, have been properly filed or are authorized to be filed.
Sample 1
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Related to Security Interest; Searches

  • Security Interest Opinion Xxxxxx Xxxxxx Xxxxxxxx LLP (or such other counsel satisfactory to the Representatives in their reasonable judgment) will have furnished their written opinion, dated the Closing Date, to the Representatives, the Indenture Trustee and Ford Credit, with respect to the security interest of the Trust in the Receivables and such opinion will be in substantially the form previously discussed with the Representatives and their counsel and satisfactory in form and substance to the Representatives and to their counsel in their reasonable judgment.

  • Security Interest/Priority This Security Agreement creates a valid security interest in favor of the Agent, for the benefit of the Lenders, in the Collateral of such Obligor and, when properly perfected by filing, shall constitute a valid perfected security interest in such Collateral, to the extent such security can be perfected by filing under the UCC, free and clear of all Liens except for Permitted Liens.

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

  • Security Interest Matters This Receivables Purchase Agreement creates a valid and continuing “security interest” (as defined in the Relevant UCC) in the Receivables in favor of the Depositor, which security interest is prior to all other Liens and is enforceable as such against creditors of and purchasers from the Seller. The Receivables constitute “tangible chattel paper” (as defined in the Relevant UCC). The Seller has caused or will cause prior to the Closing Date the filing of all appropriate financing statements in the proper filing offices in the appropriate jurisdictions under applicable law necessary to perfect the security interest in the Receivables granted to the Depositor under this Receivables Purchase Agreement. Other than the security interest granted to the Depositor under this Receivables Purchase Agreement, the Seller has not pledged, assigned, sold, granted a security interest in or otherwise conveyed any of the Receivables (except for security interests that will be released contemporaneously with the transfer of the Receivables from the Seller to the Purchaser). The Seller has not authorized the filing of, and is not aware of any financing statements against the Seller that include a description of, collateral covering the Receivables other than any financing statement relating to the security interest granted to the Depositor under this Receivables Purchase Agreement or that has been terminated. The motor vehicle retail installment sale contracts that constitute or evidence the Receivables do not have any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Depositor, the Issuer or the Indenture Trustee. The Seller is not aware of any material judgment or tax lien filings against the Seller.

  • First Priority Security Interest The Administrative Agent, for the benefit of the Lenders, has a first priority perfected security interest in the collateral pledged by the Borrower pursuant to the Security Agreement.

  • Security Interest in the Collateral To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to and Lien on all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall xxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s security interest and shall cause its financial statements to reflect such security interest. Each Borrower shall promptly provide Agent with written notice of all commercial tort claims, such notice to contain the case title together with the applicable court and a brief description of the claim(s). Upon delivery of each such notice, such Borrower shall be deemed to hereby grant to Agent a security interest and lien in and to such commercial tort claims and all proceeds thereof.

  • Security Interests and Code Filings (a) Evidence satisfactory to Agent that Agent (for the benefit of itself and Lenders) has a valid and perfected first priority security interest in the Collateral, including (i) such documents duly executed by each Credit Party (including financing statements under the Code and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens) as Agent may request in order to perfect its security interests in the Collateral and (ii) copies of Code search reports listing all effective financing statements that name any Credit Party as debtor, together with copies of such financing statements, none of which shall cover the Collateral, except for those relating to the Prior Lender Obligations (all of which shall be terminated on the Closing Date).

  • Valid Security Interest This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the Depositor.

  • Security Interest and Collateral In order to secure the payment and performance of the Secured Obligations, the Debtor hereby grants to the Secured Party a security interest (herein called the “Security Interest”) in and to the following property (hereinafter collectively referred to as the “Collateral”): SEE EXHIBIT A ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE.

  • Security Interest in Financed Equipment Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority security interest in the Financed Equipment in favor of CNHICA as secured party or all necessary and appropriate actions have been commenced that would result in the valid perfection of a first priority security interest in the Financed Equipment in favor of CNHICA as secured party.

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