Common use of Security Interests and Code Filings Clause in Contracts

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, (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 (and those relating to the Prior Lender Obligations which shall be terminated on the Closing Date) and Permitted Encumbrances and (iii) a perfection certificate, duly executed on behalf of each Person who is a Credit Party.

Appears in 2 contracts

Samples: Credit Agreement (Reading International Inc), Credit Agreement (Reading International Inc)

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Security Interests and Code Filings. (a) Evidence satisfactory to Agent that Agent (for the benefit of itself and Lenders) has continues to have a valid and perfected first priority security interest in the Collateral, including (i) such documents duly executed by each Original 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, (ii) copies of Code search reports listing all effective financing statements that name any Original Credit Party as debtor, together with copies of such financing statements (and 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 Second Restatement Closing Date, as applicable) and Permitted Encumbrances others approved by Agent, and (iii) a perfection certificate, certificate duly executed on behalf of each Person who is a Credit Party.

Appears in 1 contract

Samples: Credit Agreement (Otelco Inc.)

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Security Interests and Code Filings. (a) Evidence satisfactory to Agent that Agent (for the benefit of itself and Lenders) has continues to have 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, (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 (and 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 Original Closing Date or Restatement Closing Date, as applicable) and Permitted Encumbrances others approved by Agent, and (iii) a perfection certificate, certificate duly executed on behalf of each Person who is a Credit Party.

Appears in 1 contract

Samples: Credit Agreement (Otelco Inc.)

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