Common use of Article 9 Collateral Clause in Contracts

Article 9 Collateral. Each of the Security Agreement and the Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the holders from time to time of the Finance Obligations, a legal, valid and enforceable First Priority Lien in the Collateral described therein and, when financing statements in appropriate form are filed in the offices specified on Schedule 4.01 to the Security Agreement and the Pledged Collateral is delivered to the Collateral Agent, each of the Security Agreement and the Pledge Agreement shall constitute a fully perfected First Priority Lien on, and security interest in, all right, title and interest of the grantors thereunder in such of the Collateral in which a security interest can be perfected under Article 9 of the Uniform Commercial Code.

Appears in 3 contracts

Samples: Credit Agreement (Verifone Systems, Inc.), Credit Agreement (Verifone Systems, Inc.), Credit Agreement (VeriFone Holdings, Inc.)

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Article 9 Collateral. Each of the Security Agreement and the Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the holders from time to time of the Finance ObligationsParties, a legal, valid and enforceable First Priority Lien security interest in the Collateral described therein and, when taking into account the financing statements in appropriate form are that were filed on or about the Closing Date in the offices specified on Schedule 4.01 to the Security Agreement and assuming that the Pledged Collateral is that was delivered to the Collateral Agent on the Closing Date remains under the control of the Collateral Agent, each of the Security Agreement and the Pledge Agreement shall constitute constitutes a fully perfected First Priority Lien on, and security interest in, all right, title and interest of the grantors thereunder in such of the Collateral in which a security interest can be perfected under Article 9 of the Uniform Commercial Code, in each case securing the Finance Documents prior in right to any other Person, other than with respect to Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Hillman Companies Inc), Credit Agreement (Hillman Companies Inc)

Article 9 Collateral. Each of the Security Agreement and the Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the holders from time to time of the Finance ObligationsParties, a legal, valid and enforceable First Priority Lien security interest in the Collateral described therein and, when financing statements in appropriate form are filed in the offices specified on Schedule 4.01 to the Security Agreement and the Pledged Collateral is delivered to the Collateral Agent, each of the Security Agreement and the Pledge Agreement shall constitute a fully perfected First Priority Lien on, and security interest in, all right, title and interest of the grantors thereunder in such of the Collateral in which a security interest can be perfected under Article 8 or 9 of the Uniform Commercial Code, in each case prior and superior in right to any other Person, other than with respect to Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Central Credit, LLC), Credit Agreement (Global Cash Access, Inc.)

Article 9 Collateral. Each of the Security Agreement and the Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the holders from time to time of the Finance ObligationsParties, a legal, valid and enforceable First Priority Lien security interest in the Collateral described therein and, when financing statements in appropriate form are filed in the offices specified on Schedule 4.01 to the Security Agreement and the Pledged Collateral is delivered to the Collateral AgentAgent in accordance with the Pledge Agreement, each of the Security Agreement and the Pledge Agreement shall constitute a fully perfected First Priority Lien on, and security interest in, all right, title and interest of the grantors thereunder in such of the Collateral in which a security interest can be perfected under Article 9 of the Uniform Commercial Code, in each case prior and superior in right to any other Person other than with respect to Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Duane Reade Inc)

Article 9 Collateral. Each of the Security Agreement, the Pledge Agreement and the Pledge Secured Cash Management Agreement is effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the holders from time to time of the Finance ObligationsSecured Parties, a legal, valid and enforceable First Priority Lien security interest in the Collateral described therein and, when financing statements in appropriate form are filed in the offices specified on Schedule 4.01 to the Security Agreement and the Pledged Collateral is delivered to the Collateral Administrative Agent, each of the Security Agreement and the Pledge Agreement shall constitute a fully perfected First Priority Lien on, and security interest in, all right, title and interest of the grantors thereunder in such of the Collateral in which a security interest can be perfected under Article 9 of the Uniform Commercial Code, in each case prior and superior in right to any other Person, other than with respect to Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Inphonic Inc)

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Article 9 Collateral. Each of the Security Agreement and the Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the holders from time to time of the Finance Obligations, a legal, valid and enforceable First Priority Lien in the Collateral described therein in which a Lien can be created by such agreements and, when financing statements in appropriate form are filed in the offices specified on Schedule 4.01 to the Security Agreement and the Pledged Collateral is delivered to the Collateral Agent, each of the Security Agreement and the Pledge Agreement shall constitute a fully perfected First Priority Lien on, and security interest in, all right, title and interest of the grantors thereunder in such of the Collateral in which a Lien and security interest can be perfected by making such filings in such offices under Article 9 of the Uniform Commercial Code.

Appears in 1 contract

Samples: Credit Agreement (Verifone Systems, Inc.)

Article 9 Collateral. Each of the The Pledge and Security Agreement and the Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the holders from time to time of the Finance ObligationsParties, a legal, valid and enforceable First Priority Lien first priority security interest in the Collateral described therein and, when financing statements in appropriate form are filed in the offices specified on Schedule 4.01 to the Pledge and Security Agreement and the Pledged Collateral is delivered to the Collateral Agent, each of the Pledge and Security Agreement and the Pledge Agreement shall constitute a fully perfected First Priority Lien on, and security interest in, all right, title and interest of the grantors thereunder in such of the Collateral in which a security interest can be perfected under Article 9 of the Uniform Commercial Code, in each case prior and superior in right to any other Person, other than with respect to Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Fairchild Corp)

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