Common use of Security Registrations Clause in Contracts

Security Registrations. The Agent (or its counsel) shall have received copies of proper financing statements, filed or duly prepared for filing under the PPSA, in all jurisdictions that the Agent or Lender’s Counsel, each acting reasonably, may deem reasonably necessary in order to perfect and protect the Liens created under the Security Documents, covering the Collateral described in the Security Documents.

Security Registrations. The Agent (or its counsel) shall have received copies of proper financing statements, filed or duly prepared for filing under the PPSA, in all jurisdictions that the Agent or Lender’s 's Counsel, each acting reasonably, may deem reasonably necessary in order to perfect and protect the Liens created under the Security Documents, covering the Collateral described in the Security Documents.