perfected security interest definition

perfected security interest means, with respect to any Lien purported to be created in any Collateral pursuant to any Security Document, that (a) such Lien is governed by the law of the jurisdiction in which such Collateral is located or to which such Collateral is subject, (b) such Lien is the only Lien to which such Collateral is subject, other than any Liens permitted by Section 6.02 (which Lien is junior in priority to the Collateral Agent’s Lien on such Collateral, is arising by operation of law as described in Section 6.02(d), (e), (k) or (t) or is subject to a Reserve or, in the case of Liens on Eligible Real Property, such Liens are covered by any applicable title insurance, to the extent available in such jurisdiction), (c) in the case of Eligible Real Property located in the England and Wales, such Eligible Real Property is covered by a legal mortgage, (d) in the case of Eligible Real Property located in Germany, such Eligible Real Property is encumbered by a first ranking land charge in favor of the Collateral Agent and the land charge is registered in all relevant local registers) and (e) all applicable perfection requirements required by the Loan Documents have been completed.
perfected security interest means a security interest that has become effective against third parties by control, possession, registration or temporarily, as provided in this Act;
perfected security interest means a security interest that has been created and becomes effective against third parties by control, possession, or registration, as the case may be;

More Definitions of perfected security interest

perfected security interest means, with respect to any Lien purported to be created in any Collateral pursuant to any Security Document, that
perfected security interest is as defined in Section 3.05.
perfected security interest means a Security Interest that is properly perfected under Article 9 of the Washington UCC by filing or possession, and the term “Lien” means a Security Interest or other lien or encumbrance;
perfected security interest means the security interest is perfected by possession or by registration or is temporarily perfected, as the case may be;
perfected security interest means a security interest that has become effective against third parties by control, possession, registration or temporarily, as provided in the Movable Property (Security Interest) Act;