Perfected means in respect of any relevant Loan and its Related Security sold by the Seller to the Guarantor LP, delivery of notice to the Borrower of such sale, assignment and transfer by the Seller to the Guarantor LP of such Loan and its Related Security and registration of the transfer of legal title to the Mortgages in the appropriate land registry office, land titles office or similar office of public registration for the location where the relevant real property is located and “Perfect” and “Perfection” shall have corresponding meanings;
Perfected means in respect of any relevant Purchased Loan and its Related Security, delivery of notice to the Borrower of the sale, assignment and transfer of such Loan and its Related Security and a direction to make all future repayments of the Loan to the Standby Account Bank for the account of the Guarantor by the Seller, or, as necessary, by the Guarantor (or the Servicer on behalf of the Guarantor) on behalf of the Seller (under applicable powers of attorney granted to the Guarantor) to the Guarantor of such Loan and its Related Security and registration of the transfer of legal title to the Mortgages in the appropriate land registry office, land titles office or similar office of public registration for the location where the relevant real property is located and “Perfect” and “Perfection” shall have corresponding meanings;
Perfected means in respect of any relevant Purchased Loan and its Related Security, delivery of notice to the Borrower of the sale, assignment and transfer of such Loan and its Related Security and a direction to make all future repayments of the Loan to the Standby Account Bank for the account of the Guarantor by the Seller or the applicable Originator, or, as necessary, by the Guarantor (or the Servicer on behalf of the Guarantor) on behalf of the Seller or the applicable Originator (under applicable powers of attorney granted to the Guarantor) to the Guarantor of such Loan and its Related Security and registration of the transfer of legal title to the Mortgages in the appropriate land registry office, land titles office or similar office of public registration for the location where the relevant real property is located and “Perfect” and “Perfection” shall have corresponding meanings;
Examples of Perfected in a sentence
Perfected Request – a request for records which reasonably describes such records and is made in accordance with published rules stating the time, place, fees (if any) and procedures to be followed.
If the Third-Party Sale does not close within the 210-day period after the Claim was initially filed, the Perfected Claim Date for such Claim will be the 210th day, and we may settle the Claim under the Anticipated Loss Option.
Perfected pursuant to a statute described in s.409.311 (1)(b) or (f).
You agree, at our request, to do all acts, matters and things necessary to ensure we hold a valid and Perfected Security Interest.
Any information not in existence on the date that the accelerated Claim is submitted, but which would otherwise be required for a Claim to be a Perfected Claim, shall be submitted together with the supplemental Claim.
More Definitions of Perfected
Perfected liens or security interest shall include a reference to an “opposable” or “set up” lien or security interest as against third parties, (h) any “right of offset”, “right of setoff” or similar expression shall include a “right of compensation”, (i) “goods” shall include “corporeal movable property” other than chattel paper, documents of title, instruments, money and securities, (j) an “agent” shall include a “mandatary”, (k) “construction liens” shall include “legal hypothecs”; (l) “joint and several” shall include “solidary”; (m) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault”; (n) “registered ownership held for a beneficial owner” shall include “ownership on behalf of another as mandatary”; (o) “easement” shall include “servitude”; (p) “priority” shall include “prior claim”; (q) “survey” shall include “certificate of location and plan”; (r) “state” shall include “province”; (s) “fee simple title” shall include “absolute ownership”; (t) “accounts” shall include “claims”. 1.5
Perfected means in respect of any relevant Purchased Loan and its Related Security, delivery of notice to the Borrower of the sale, assignment and transfer of such Loan and its Related Security and a direction to make all future repayments of the Loan to the Standby Account Bank for the account of the Guarantor by the Seller or the applicable Originator, or, as necessary, by
Perfected. , in relation to a charge, means that all necessary steps have been taken to render it effective against third parties and in insolvency proceedings under the law of the jurisdiction in question; and ‘perfection' has a corresponding meaning.
Perfected means, as to the security interests granted to Secured Party in Section 2.1, that (a) a creditor on a simple contract cannot acquire a judicial lien that is superior to such security interests and (b) if a case were pending under the Bankruptcy Code in which any Grantor is the debtor, such security interests would be a Lien that is perfected in such bankruptcy case.
Perfected means, as to the Collateral Agent's Lien in any of the Collateral in respect of any and all outstanding Senior Secured Liabilities, that (a) a creditor on a simple contract could not acquire a judicial lien upon such Collateral that is superior to the Lien of the Collateral Agent thereon, and (b) the Collateral Agent's Lien in such Collateral would be perfected and not avoidable if a Proceeding were commenced under Bankruptcy Law in which the owner of such Collateral is the debtor.
Perfected and “Perfect” shall have a corresponding meaning;
Perfected means, in respect of a security interest, perfected in accordance with the Personal Property Security Act;