SOS Reports definition

SOS Reports means the official reports from the Secretaries of State of each Collateral State, Chief Executive Office State and the Borrower State and other applicable federal, state or local government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report.

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SOS Reports means the official reports from the Secretaries of State of the Chief Executive Office State and the Borrower State and other applicable federal, state or local government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report.

SOS Reports means the official reports from the Secretaries of State of the state where Borrower’s chief executive office is located, the state of Borrower’s formation and other applicable federal, state or local government offices identifying all current security interests filed in Borrower’s assets and Liens of record as of the date of such report.

Examples of SOS Reports in a sentence

Secured Party shall receive prior to the Closing an official report from the Secretary of State of each Collateral State, Chief Executive Office State, and the Debtor State (each as defined below) (the "SOS Reports") indicating that Secured Party's security interest is prior to all other security interests or other interests reflected in the report.
As a condition precedent to the first advance hereunder, FCFC must also receive SOS Reports from each Collateral State, the Chief Executive Office State and the Borrower State, indicating that FCFC's security interest in the Collateral is prior to all other security interests and other interests reflected in the report.
Within 30 days of the Combination Effective Date (which date may be extended by express written consent (which may be e-mail) of Bank in its sole discretion, the “Post-closing Deadline”), the Loan Parties shall deliver to Bank, in form and substance satisfactory to Bank, current SOS Reports for Holdings, each Loan Party, First Merger Sub and Second Merger Sub in indicating that except for Permitted Liens, there are no other security interests or Liens of record in the Collateral.
If the Loan Parties fail to deliver such SOS Reports by the Post-closing Deadline, such failure to deliver shall be an immediate Event of Default as of such Post-closing Deadline.
Secured Party acknowledges and understands that such SOS Reports may not be available until a period of time following filing of any Financing Statement and the unavailability of such a report shall not be deemed a breach of this Agreement.
Prior to the Closing, the Secured Party shall eceive an official report from the Secretary of State of each Collateral State, Chief Executive Office State and the Debtor State (the "SOS Reports") indicating that the Secured Party's security interest in the Collateral is prior to all other security interests or other interests reflected in such report with the exception of the Permitted Liens.

More Definitions of SOS Reports

SOS Reports means the official reports from the Secretary of State of Delaware, each Chief Executive Office State and the Borrower State and other applicable federal, state or local government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report.

SOS Reports means the official reports from the Secretaries of State of the state where a Loan Party’s chief executive office is located, each state of a Loan Party’s formation, and other applicable federal, state or local government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report. “Subordinated Debt” means any debt incurred by a Loan Party that is subordinated in writing to the debt owing by Borrower or a Loan Party to Agent and the Lenders pursuant to a subordination, intercreditor or other similar agreement in form and substance satisfactory to Agent and the Required Lenders. “Subsidiary” means any corporation, partnership or limited liability company or joint venture in which (a) any general partnership interest or (b) more than 50% of the stock, limited liability company interest or joint venture of which by the terms thereof ordinary voting power to elect the Board of the entity, at the time as of which any determination is being made, is owned by one or more Loan Parties, either directly or through an Affiliate. “Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. “Total Cash” means the sum of (a) Total Operating Cash plus (b) cash Player Deposits. “Total Operating Cash” means all of Loan Parties’ unrestricted cash (excluding, for the avoidance of doubt, any Player Deposits) and any MSC Subsidiary’s cash or cash-equivalent investment property, but excluding cash maintained in a segregated account to comply with legal or regulatory requirements applicable to a Loan Party due to Loan Parties’ Gaming businesses. “Trademarks” means any trademark and servicemark rights, whether registered or not, applications to register and registrations of the same and like protections, and the entire goodwill of the business of the Loan Parties connected with and symbolized by such trademarks. “U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the IRC. “Withholding Agent” means each Loan Party and Agent.