Common use of Australian Security Agreements Clause in Contracts

Australian Security Agreements. Subject to the Legal Reservations and the Agreed Security Principles, the Australian Security Agreements, if any, upon execution and delivery thereof by the parties thereto, will create in favor of the Collateral Agent (or the Australian Security Trustee), for the ratable benefit of the Secured Parties, a legal, valid, enforceable and perfected First Priority Lien in the “Collateral” (as defined in the relevant Australian Security Agreements) of the Loan Parties party to such documents to the extent set forth therein.

Australian Security Agreements. Subject to the Legal Reservations and the Agreed Security Principles, the The Australian Security Agreements, if any, upon execution and delivery thereof by the parties thereto, will Agreements create in favor of the Collateral Agent (or the Australian Security Trustee), for the ratable benefit of the Secured Parties, a legal, valid, enforceable and perfected First Priority Lien in the “Collateral” (as defined in the relevant Australian Security Agreements) of the Loan Parties party to such documents to the extent set forth therein.

Australian Security Agreements. Subject to the Legal Reservations and the Agreed Security Principles, the The Australian Security Agreements, if any, upon execution and delivery thereof by the parties thereto, will create in favor of the Collateral Agent (or the Australian Security Trustee), for the ratable benefit of the Secured Parties, a legal, valid, enforceable and perfected First Priority Lien in the “Collateral” (as defined in the relevant Australian Security Agreements) of the Loan Parties party to such documents to the extent set forth therein.