Perfected Lien definition

Perfected Lien means a legal, valid and enforceable perfected, first priority lien and security interest under the internal laws of the relevant state in the United States (without reference to conflicts of law) for the benefit of the Holder, pursuant to the Security Documents.
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Perfected Lien means a first priority perfected Lien, subject only to Permitted Liens.
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Perfected Lien any perfected, first priority Lien or security interest granted by the Borrower in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, pursuant to a Security Document or otherwise.
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Examples of Perfected Lien in a sentence

  • The Borrower agrees that upon the reasonable request of the Agent, it shall execute and/or deliver any additional agreements, documents and instruments, and take such further actions as the Agent may reasonably deem necessary (i) to assure the Agent and/or the Lender has a Perfected Lien on the Collateral and (ii) to carry out the provisions and purposes of the Transaction Documents.

  • Open or maintain any deposit account or commodities account with any bank, other financial institution, broker or otherwise, except (a) the Bank Blocked Accounts as set forth on Schedule 1.0A, (b) commodities accounts in existence on the date hereof as set forth on Schedule 8.18 hereto and (ii) any other deposit accounts and commodities accounts of the Borrower opened on or after the date hereof which are subject to a Perfected Lien.

  • The Borrower agrees that upon the request of the Lender, it shall execute and/or deliver any additional agreements, documents and instruments, and take such further actions as the Lender may reasonably deem necessary (i) to assure the Agent and/or the Lender has a Perfected Lien on the Collateral and (ii) to carry out the provisions and purposes of the Loan Documents.

  • The Borrower agrees that upon the request of the Agent, it shall execute and/or deliver any additional agreements, documents and instruments, and take such further actions as the Agent may reasonably deem necessary (i) to assure the Agent and/or the Lender has a Perfected Lien on the Collateral and (ii) to carry out the provisions and purposes of the Transaction Documents.


More Definitions of Perfected Lien

Perfected Lien means a legal, valid and enforceable perfected, first priority lien and security interest under the internal laws of the relevant state in the United States (without reference to conflicts of law) for the benefit of the Lender, pursuant to the Security Documents.
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