Perfection Date definition
Perfection Date means the date of any Perfection;
Perfection Date means January 15, 2022; provided, that the security interest of CRIL in the Collateral has not terminated pursuant to Section 2 hereof; and provided, further, that if Borrower perfects the security interest on any of the Collateral under any of the Note Purchase Agreements prior to January 15, 2022, Borrower shall simultaneously perfect CRIL’s security interest under this Agreement in the same manner, and in such case the Perfection Date shall mean the date such perfection occurs. Nothing in this definition modifies the obligation of the Company to prepay the Loan pursuant to Section 1.1(c)(2).”
Perfection Date the date that is 10 Business Days after the Closing Date (or such later date as the Administrative Agent shall agree in its sole discretion).
Examples of Perfection Date in a sentence
Notwithstanding the foregoing or anything to the contrary stated herein, no Borrower shall sell, transfer or otherwise dispose of any Aircraft until the Required Perfection Date.
The Required Lenders agree that the Administrative Agent shall have the discretion to extend the Perfection Date for a period not to exceed fifteen (15) additional days.
Notwithstanding any other provision of this agreement, the Lenders shall not be obligated to extend credit to the Borrower hereunder in an amount exceeding $15,000,000 until the Latin Security Perfection Date shall have occurred.
Monitoring Fee : A monitoring fee of USD $ [Redacted: confidential commercial term] payable quarterly on each Interest Payment Date until the Springing Lien Perfection Date, commencing on the first Interest Payment Date.
For certainty, prior to the Springing Lien Perfection Date, no Transaction Party shall sell or otherwise dispose of any of the HPDI Capital Assets without the prior written consent of EDC .
More Definitions of Perfection Date
Perfection Date means the date on which all conditions set forth in Section 6.2 have been satisfied.
Perfection Date the date that is 10 Business Days after the Closing Date (or such later date as the Administrative Agent shall agree in its sole discretion). “Periodic Term SOFR Determination Day”: as defined in the definition of “Term SOFR”. “Permitted Acquisition”: as defined in Section 7.8(n). “Person”: any natural Person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. “Plan”: (a) an employee benefit plan (as defined in Section 3(3) of ERISA) other than a Multiemployer Plan which is or was at any time maintained or sponsored by any Group Member or to which any Group Member has ever made, or was obligated to make, contributions, (b) a Pension Plan, or (c) a Qualified Plan. “Platform”: is any of Debt Domain, Intralinks, Syndtrak, Debtx or a substantially similar electronic transmission system. “Preferred Stock”: the preferred Capital Stock of the Borrower, if any. “Prime Rate”: the rate of interest per annum published in the money rates section of the Wall Street Journal or any successor publication thereto as the “prime rate” then in effect; provided that if such rate of interest, as set forth from time to time in the money rates section of the Wall Street Journal, becomes unavailable for any reason as determined by the Administrative Agent, the “Prime Rate” shall mean the rate of interest per annum announced by the Administrative Agent as its prime rate in effect at its principal office in the State of California (such announced Prime Rate not being intended to be the lowest rate of interest charged by the Administrative Agent in connection with extensions of credit to debtors). “Pro Forma Basis”: with respect to any calculation or determination for any period, in making such calculation or determination on the specified date of determination (the “Determination Date”): (a) pro forma effect will be given to any Indebtedness incurred by a Group Member (including by assumption of then outstanding Indebtedness or by a Person becoming a Subsidiary) (“Incurred”) after the beginning of the applicable period and on or before the Determination Date to the extent the Indebtedness is outstanding or is to be Incurred on the Determination Date, as if such Indebtedness had been Incurred on the first day of such period; (b) pro forma calculations of interest on Indebtedness bearing a floating interest rate will be made as if the rate in effect on the Determination Date (taking into account any ...
Perfection Date has the meaning set forth in Section 5.
Perfection Date means the date CRIL’s first priority lien on the Collateral is perfected, which shall occur no later than: (a) if the Company consummates a Going Public transaction or other equity financing for capital raising purposes with a minimum aggregate gross proceeds of at least
Perfection Date the date, if any, upon which Required Lenders shall instruct the Agent, pursuant to and in accordance with Section 9.2(a)(i), to file the Notice Documents.
Perfection Date means the date that is 91 days after the date on which all documents provided to the Administrative Agent pursuant to clauses (f) and (g) of Section 6.1 have been duly filed, registered or recorded.
Perfection Date means the first date on which each of the following has occurred: (a) the Company shall have granted, as collateral for the Obligations and, at the election of the Company, any then outstanding Indebtedness permitted under Section 8.5(j), to the Administrative Agent (on behalf of the Banks) a first priority perfected security interest in and lien upon (i) all of the capital stock of each of the material domestic subsidiaries (direct or indirect) of the Company and 65% of the capital stock of each material foreign subsidiary (direct or indirect) of the Company, and (ii) all other present and future material assets and properties of the Company and its domestic subsidiaries (including accounts receivable, inventory, real property, machinery, equipment, contracts, trademarks, copyrights, patents, license rights and general intangibles), in each pursuant to documents and subject to such exceptions as may be acceptable to the Agent and the Required Banks, (b) the Company shall have taken all action deemed necessary or advisable by the Agent and the Required Banks to establish, protect and perfect the security described in clause (a), (c) the Company shall have executed an amendment to the Credit Agreement inserting additional provisions, including representations and warranties and Events of Default, commonly found in secured transactions of similar nature in form acceptable to the Agent and the Required Banks, and (d) the Company shall have paid all amounts owing under Section 11.4 in connection with the foregoing.