SOS Reports definition
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.
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.
A prolific writer, he has authored Microfinance India SOS Reports for four years.
The date an Incentive Stock Option is granted shall mean the date selected by the Committee as of which the Committee allots a specific number of shares to a participant pursuant to the Plan.
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.
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.
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.
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.
Recently, the University Park Undergraduate Association (UPUA) adopted a similar resolution and has agreed to work with the Borough to encourage the State legislators support on this issue.