Attachment and Perfection. This Agreement is effective to create a valid and continuing security interest in all of the Collateral in favor of the Collateral Agent for the benefit of the Secured Parties. With respect to each Grantor, upon the filing of all UCC financing statements describing the Collateral and naming such Grantor as debtor and the Collateral Agent as secured party in the filing offices set forth opposite such Grantor’s name on Schedule 3.5, the security interests granted to the Collateral Agent hereunder will constitute perfected Liens with respect to that portion of the Collateral on which a Lien can be perfected by such methods, subject in the case of priority only to Permitted Liens.
Attachment and Perfection. For the avoidance of doubt, the Bank Agent, the Banks, the Noteholder Agent and the Noteholders agree that their respective rights set forth herein shall exist and be enforceable independent of the time or order of attachment or perfection of the respective security interests, chattel mortgage liens or other liens, or the time or order of filing of financing statements, chattel mortgages or other recordations and registrations, or the time or sequence in which any Bank Document or Note Document is executed or delivered, the time or sequence in which any Bank Debt or Noteholder Debt becomes due (whether at its stated maturity, by acceleration or otherwise) or is incurred, or the time or sequence of commencement or completion of any proceedings to enforce or collect any Bank Debt or Noteholder Debt, to enforce or realize on any Bank Collateral or Noteholder Collateral or the time or sequence in which any order or judgment in respect thereof is made or entered or any execution is obtained or registered or any other proceeding is commenced or completed or any other factor of legal relevance, whether similar or dissimilar to any of the foregoing, other than this Agreement, establishing the priority or ranking or relative rights of enforcement among the Bank Agent, the Noteholder Agent, the Banks and the Noteholders.
Attachment and Perfection. The execution and delivery of the Collateral Documents by Credit Parties, together with the actions taken on or prior to the date hereof pursuant to Section 3.1(e), are effective to create in favor of Administrative Agent, on behalf of Lenders, as security for the respective Obligations, a valid and perfected Lien on all of the Collateral (and First Priority Lien on the Pledged Securities), including, without limitation, a valid and perfected Lien on all Telecommunications Assets constructed, acquired or improved with Loan proceeds, and all filings and other actions necessary or desirable to perfect and maintain the perfection, and First Priority status of such Liens, as applicable, have been duly made or taken and remain in full force and effect, other than (i) the filing of any UCC financing statements and other documents delivered to Administrative Agent for filing or recording (but not yet filed or recorded), (ii) the actions required under federal law to register and record interests in intellectual property and (iii) the periodic filing of UCC continuation statements in respect of UCC financing statements filed by or on behalf of Administrative Agent.
Attachment and Perfection. This Agreement creates in favor of the Collateral Agent, for the benefit of the Secured Parties, a valid and enforceable security interest in the Collateral and when Uniform Commercial Code financing statements (or equivalent) in appropriate form are filed in the applicable filing offices, the security interest created under this Agreement will constitute a fully perfected security interest in all right, title and interest of the Grantor in the Collateral to the extent perfection can be obtained by filing Uniform Commercial Code financing statements (or equivalent), prior and superior to the rights of any other Person, except for rights secured by Xxxxxxxxx Xxxxx described in clause (a) of the definition thereof. Other than with respect to the Liens granted under this Agreement, no Liens exist on the Collateral, except for Permitted Liens.
Attachment and Perfection. The execution and delivery of the Collateral Documents by Credit Parties, together with the actions taken on or prior to the date hereof, are effective to create in favor of Administrative Agent, on behalf of Lenders, as security for the respective Obligations, a valid and perfected First Priority Lien on all of the Collateral, and all filings and other actions necessary or desirable to perfect and maintain the perfection and First Priority status of such Liens have been duly made or taken and remain in full force and effect, other than (i) the filing of any UCC financing statements and other documents for which the Credit Parties have authorized the Administrative Agent to file or record (but not yet filed or recorded), (ii) the actions required under federal law to register and record interests in intellectual property or under state laws to perfect in motor vehicles and (iii) the periodic filing of UCC continuation statements in respect of UCC financing statements filed by or on behalf of Administrative Agent.
Attachment and Perfection. This Agreement creates a legal and valid security interest on and in all of the Collateral in which Debtor now has rights, and all filings and other actions necessary or desirable to perfect and protect such security interest have been duly taken. Accordingly, Secured Party has a fully perfected first priority security interest in all of the Collateral in which Debtor now has rights, subject only to the Permitted Encumbrances. This Agreement will create a legal and valid and fully perfected first priority security interest in the Collateral in which Debtor later acquires rights, when Debtor acquires those rights, subject only to the Permitted Encumbrances. No effective security agreement, financing statement, equivalent security or lien instrument or continuation statement covering all or any part of the Collateral exists, except such as may have been filed by Debtor in favor of Secured Party pursuant to this Agreement or such as relate to other Permitted Encumbrances.
Attachment and Perfection. The security interest hereby created shall attach immediately upon execution of this Agreement. For the purposes of this Agreement and related financing statements, the Borrower shall be the “debtor”, and ICM shall be the “secured party,” as defined by the Uniform Commercial Code. Borrower hereby authorizes ICM (and ICM’s representatives and agents) to file (a) one or more financing statements (together with amendments thereto and continuation statements thereof) relating to the Collateral to perfect the security interest granted to ICM in the Collateral, and (b) any termination statements relating to the filings that relate to the Collateral. Borrower hereby irrevocably constitutes and appoints ICM and any officer or agent of ICM, with full power of substitution, as its true and lawful attomeys-in-fact with full irrevocable power and authority in the place and stead of Borrower or in Borrower’s own name to execute in Borrower’s name any documents and otherwise to carry out the purposes of this Article 6. This power of attorney is coupled with an interest and shall be irrevocable until the Obligations are paid in full. For purposes of such filings, Borrower agrees to furnish any information requested by ICM promptly upon request by ICM. The form and substance of any financing statement filed with respect to this Agreement shall be acceptable to ICM, in its sole discretion.
Attachment and Perfection. The execution and delivery of the Collateral Documents by Credit Parties, together with the actions taken on or prior to the date hereof, are effective to create in favor of Collateral Agent, on behalf of Secured Parties, as security for their respective Obligations, a valid and perfected First Priority Lien on all of the Collateral, and all filings and other actions necessary or desirable to perfect and maintain the perfection and First Priority status of such Liens have been duly made or taken and remain in full force and effect, other than (i) the actions required under federal law to register and record interests in intellectual property and (ii) the periodic filing of UCC continuation statements in respect of UCC financing statements filed by or on behalf of Collateral Agent.
Attachment and Perfection. The execution and delivery of the ------------------------- Collateral Documents by Credit Parties, together with the actions taken on or prior to the date hereof pursuant to Sections 3.1(f) and 3.1(g), are effective to create in favor of Collateral Agent, on behalf of Secured Parties, as security for their respective Obligations, a valid and perfected First Priority Lien on all of the Collateral, and all filings and other actions necessary or desirable to perfect and maintain the perfection and First Priority status of such Liens have been duly made or taken and remain in full force and effect, other than (i) the filing of any UCC financing statements delivered to Collateral Agent for filing (but not yet filed), (ii) the actions required under federal law to register and record interests in intellectual property and (iii) the periodic filing of UCC continuation statements in respect of UCC financing statements filed by or on behalf of Collateral Agent.
Attachment and Perfection. The execution and delivery of ------------------------- the Collateral Documents by Credit Parties, together with the actions taken on or prior to the date hereof , are effective to create in favor of Collateral Agent, on behalf of Secured Parties, as security for their respective Obligations, a valid and perfected First Priority Lien on all of the Collateral, and all filings and other actions necessary or desirable to perfect and maintain the perfection and First Priority status of such Liens have been duly made or taken and remain in full force and effect, other than (i) the actions required under federal law to register and record interests in intellectual property and (ii) the periodic filing of UCC continuation statements in respect of UCC financing statements filed by or on behalf of Collateral Agent.
