Common use of Transfer Filings Clause in Contracts

Transfer Filings. On the Closing Date, immediately upon the sale hereunder, the SAC Property shall be validly transferred, sold, conveyed, and assigned to the Issuer, and the Issuer shall own all the SAC Property free and clear of all Liens (except for any Lien created in favor of the Indenture Trustee, for the benefit of the Secured Parties, granted under the Indenture and perfected pursuant to the Securitization Law or any Lien that may be granted under the Basic Documents) and all filings and actions to be made or taken by the Seller (including, without limitation, filings with the Secretary of State under the Securitization Law) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Indenture Trustee, for the benefit of the Holders, pursuant to the Securitization Law and any Lien that may be granted under the Basic Documents) in the SAC Property have been made or taken. All filings and action have also been made or taken to perfect the security interest in the SAC Property granted by the Seller to the Issuer (subject to any Lien created in favor of the Indenture Trustee, for the benefit of the Secured Parties, pursuant to the Indenture and perfected pursuant to the Securitization Law and any Lien that may be granted under the Basic Documents) and, to the extent necessary, the Indenture Trustee pursuant to Section 2.01.

Transfer Filings. On the Closing Date, immediately upon the sale hereunder, the SAC Cost Recovery Property shall be validly transferred, sold, conveyed, and assigned to the Issuer, and the Issuer shall own all the SAC Property free and clear of all Liens (except for any Lien created in favor of the Indenture Trustee, for the benefit of the Secured PartiesHolders, granted under the Indenture and perfected pursuant to the Securitization Law Act or any Lien that may be granted under the Basic Documents) and all filings and actions action to be made or taken by the Seller (including, without limitation, filings with the Secretary of State of the Commonwealth of Kentucky under the Securitization LawAct) necessary in any jurisdiction to give the Issuer a valid, binding and perfected ownership interest (subject to any Lien created in favor of the Indenture Trustee, for the benefit of the Holders, pursuant to the Securitization Law Act and any Lien that may be granted under the Basic Documents) in the SAC Cost Recovery Property have been made or taken. All filings and action have also been made or taken to perfect the security interest in the SAC Cost Recovery Property granted by the Seller to the Issuer (subject to any Lien created in favor of the Indenture Trustee, for the benefit of the Secured PartiesHolders, pursuant to the Indenture and perfected pursuant to the Securitization Law Act and any Lien that may be granted under the Basic Documents) and, to the extent necessary, the Indenture Trustee pursuant to Section 2.01.

Transfer Filings. On the Closing Date, immediately upon the sale hereunder, the SAC Uplift Property shall be validly transferred, sold, conveyed, transferred and assigned sold to the Issuer, and the Issuer shall own all the SAC Uplift Property free and clear of all Liens (except for any Lien created in favor of the Indenture Trustee, for the benefit of the Secured Parties, granted under the Indenture and perfected pursuant to the Securitization Law Holders or any Lien that may be granted under the Basic Documents) and all filings and actions action to be made or taken by the Seller (including, without limitation, filings with the Secretary of State under of the Securitization LawState of Delaware) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Indenture Trustee, Trustee for the benefit of the Holders, pursuant to the Securitization Law Holders and any Lien that may be granted under the Basic Documents) in the SAC Uplift Property have been made or taken. No further action is required to maintain such ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders and that may be granted under the Basic Documents) and to give the Indenture Trustee a first priority perfected security interest in the Uplift Property. All filings and action have also been made or taken to perfect the security interest in the SAC Uplift Property granted by the Seller to the Issuer (subject to any Lien created in favor of the Indenture Trustee, Trustee for the benefit of the Secured Parties, pursuant to the Indenture and perfected pursuant to the Securitization Law and any Lien Holders that may be granted under the Basic Documents) and, to the extent necessary, the Indenture Trustee pursuant to Section 2.01.