Perfection Requirement definition

Perfection Requirement or “Perfection Requirements” shall have the meaning set forth in Section 5(j) of this Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Perfection Requirement has the meaning specified in the Pledge and Security Agreement.

Perfection Requirement means, at any time and with respect to any property, the requirement that:

Examples of Perfection Requirement in a sentence

• Each Credit Party shall have satisfied, and caused its Subsidiaries to satisfy, the Perfection Requirement with respect to the Collateral.

• For the avoidance of any doubt, based on Appendix C of the Collateral Management Service Agreements and CBL’s internal processes, the provision of the Pledge Information to CBL by the Pledgor and the Pledgee through matching Appendixes A will automatically entail compliance by CBL with the Perfection Requirement; no further notice or instruction by the Pledgor to CBL shall be required.

• For the avoidance of any doubt, the provision of the Pledge Information to CBL by the Pledgor through Appendix A will automatically entail compliance by CBL with the Perfection Requirement; no further notice or instruction by the Pledgor to CBL shall be required.

• On or prior to the Restatement Effective Date, in connection with the execution of the Pledge and Security Agreement, the Perfection Requirement (as defined in the Pledge and Security Agreement) shall have been satisfied and all of the perfection steps thereunder shall have been completed, and copies or evidence, if available, of any relevant filings, recordings and other perfection documentation shall have been provided to the Initial Lender, the Administrative Agent and the Collateral Agent.

• Notwithstanding anything to the contrary set forth herein, subject to the Foreign Perfection Requirement, no actions in any non-U.S. jurisdiction shall be required in order to create or perfect any security interest in any assets.

More Definitions of Perfection Requirement

Perfection Requirement or “Perfection Requirements” has the meaning set forth in Section 4(i) of this Agreement.

Perfection Requirement shall have the meaning set forth in Section 3.03(a).

Perfection Requirement means any registration, filing, endorsement, notarisation, stamping, notification or other action or step to be made or procured in any jurisdiction in order to perfect Transaction Security created by a Transaction Security Document and/or in order to achieve the relevant priority for the Transaction Security created thereunder.

Perfection Requirement has the meaning set forth in the Security Agreement.

Perfection Requirement has the meaning given in Section 7.1(e) of this Agreement.

Perfection Requirement means the making or procuring of the appropriate registrations, filings, endorsements, acknowledgements, notarisations, stampings and/or notifications of this Deed and any other Purchase Document which creates or purports to create a Lien and/or any Lien created (or expressed to be created) thereunder.

Perfection Requirement shall have the meaning set forth in Section 4(i).