Perfected Collateral definition

Perfected Collateral means all Collateral, including without limitation Eligible Collateral in which the Bank has attempted in good faith to perfect its security interest by giving constructive notice to third parties through taking possession of the Collateral, filing a financing statement describing the Collateral, of otherwise, and all deposit accounts maintained by the Institution with the Bank.

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Perfected Collateral means the aggregate amount, at the time of determination, of:

Perfected Collateral means all Collateral of the Borrowers located in or subject to the laws of the United States, Canada, Germany, France and the United Kingdom or any Governmental Authority related to any of the foregoing.

Examples of Perfected Collateral in a sentence

Notwithstanding anything to the contrary herein, while an Event of Default hereunder shall have occurred and be continuing, or at any time that the Bank's records indicate that such redelivery would reduce the Lending Value of the Institution's Perfected Collateral below the Required Collateral Amount, or at any time that the Bank reasonably and in good fait▇ ▇▇▇▇▇ ▇▇▇elf insecure, the Bank may release a request for release.
Upon receipt by the Bank of a written request from the Institution asking for the release of any Perfected Collateral, the Bank shall promptly release to the Institution, at the Institution's expense, the Perfected Collateral, specified in said written request.
Lender has a fully-perfected first priority lien on, and security interest in, all right, title and interest of each Borrower in the Perfected Collateral enforceable against such Borrower and third parties.
Upon receipt by the Bank of a written request from the Institution asking for the release of any Perfected Collateral, the Bank shall promptly release to the Institution, at the Institution's expense, the Perfected Collateral specified in said written request.
All filings and other actions necessary or desirable to perfect and protect the Security Interest in the Perfected Collateral have been duly taken or will have been taken upon the filing of financing statements listing each applicable Grantor, as a debtor, and Agent, as secured party, in the jurisdictions listed next to such Grantor’s name on Schedule 8 attached hereto.
Upon the making of such filings, Agent shall have a first priority perfected security interest in the Perfected Collateral of each Grantor and shall have a first priority perfected security interest in the other Collateral to the extent such security interest can be perfected by the filing of a financing statement.
Lender has a fully- perfected first priority lien on, and security interest in, all right, title and interest of each Borrower in the Perfected Collateral enforceable against such Borrower and third parties.
Notwithstanding anything to the contrary contained herein, the Borrower and its Subsidiaries shall not be required to perfect security interests granted to the Administrative Agent in the Perfected Collateral that, in the aggregate, has a book value of less than $3,000,000.
The Bank may require, before any Advance is made to the Institution, that the Institution make any or all documents pertaining to the Perfected Collateral available to the Bank for its inspection and approval.
Notwithstanding anything to the contrary herein, while an Event of Default hereunder shall have occurred and be continuing, or at any time that the Bank's records indicate that such redelivery would reduce the Lending Value of the Institution's Perfected Collateral below the Required Collateral Amount, or at any time that the Bank reasonably and in good fait▇ ▇▇▇▇▇ ▇▇▇elf insecure, the Bank may refuse a request for release.

More Definitions of Perfected Collateral

Perfected Collateral as defined in Section 4.4(a).

Perfected Collateral means Collateral for which all filings and other actions necessary or desirable to perfect and protect Agent’s security interest therein, including Grantors taking all reasonable steps in order for Agent to obtain control or possession in accordance with Articles 8 and 9 of the Code, including Sections 8-106, 9-104, 9-105, 9-106, 9-107 and 9-312 of the Code, with respect to all of their respective Securities Accounts, Deposit Accounts, electronic chattel paper, investment property, goods subject to documents of title in possession of a bailee or warehouseman or other such Person, certificated securities, negotiable documents and goods and documents related thereto, and letter-of-credit rights, have been duly taken or will have been taken upon the filing of financing statements listing each applicable Grantor, as a debtor, and Agent, as secured party, in the jurisdictions listed next to such Grantor’s name on Schedule 8 attached hereto, including such Collateral for which Agent’s security interest becomes perfected and protected for the benefit of Agent pursuant to Section 8(b).