Perfection Requirements definition
Examples of Perfection Requirements in a sentence
Notwithstanding anything to the contrary in this Security Agreement, no Grantor shall be required to take any action in connection with Collateral pledged hereunder (and no security interest in such Collateral shall be required to be perfected) except to the extent consistent with Section 4.12(b) or 4.15 of the Indenture and the Perfection Requirements or expressly required hereunder and except in accordance with Requirements of Law.
This Security Agreement is effective to create a legal, valid and subject to the Legal Reservations, enforceable Lien on and security interest in the Collateral in favor of the Notes Collateral Agent for the benefit of the Notes Secured Parties, and subject to the satisfaction of the Perfection Requirements, the Notes Collateral Agent will have a fully perfected First Priority Lien on such Collateral securing the Notes Obligations to the extent perfection can be achieved by the Perfection Requirements.