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 means December 31, 2021; 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 or any other Indebtedness prior to December 31, 2021, 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).”
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.
With the exception of the [Redacted : confidential commercial term] , EDC shall terminate the Day One Security Documents, release all security interests granted thereunder and return any share, quota or security certificate delivered thereunder upon the first date on which the Springing Lien Security has been documented and perfected to EDC’s satisfaction in its sole discretion (the “ Springing Lien Perfection Date ”) .
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.
On the Perfection Date, the Borrowers will deliver to the Collateral Trustees a true and complete copy of each Secured Agreement, including each Collateral Document, as in effect on the Perfection Date.
More Definitions of Perfection Date
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).
Perfection Date has the meaning set forth in Section 5.
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 date on which all conditions set forth in Section 6.2 have been satisfied.
Perfection Date means the date that is 91 days after the date on which all documents provided to the Administrative Agent under the WKI Credit Agreement pursuant to clauses (f) and (g) of Section 6.1 thereof have been duly filed, registered or recorded.
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. With respect to Consumer Lender Receivables, the date upon which the Seller has first priority perfected security interest in favor of the Seller in the related Financed Vehicle, which security interest has been validly assigned by the Seller to the Borrower which shall be no more than 120 days after the Closing Date or the Addition Date for such Receivable.