Common use of Collateral Document Clause in Contracts

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof or hereof) cease to create a valid and perfected lien on and security interest in any material portion of the Collateral.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 6.12 Sections 5.01 or 6.13 7.12 shall for any reason (other than pursuant to the terms thereof or hereofthereof) cease to create a valid and perfected first priority lien on and security interest in any material portion the Collateral purported to be covered thereby (subject to Liens expressly permitted under the Loan Documents) and is not, upon the written request of the Collateralan Agent, promptly corrected.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 4.01 or 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof or hereofthereof) cease to create a valid and perfected first priority lien on and security interest in any material portion of the Collateral.Collateral purported to be covered thereby; or

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 4.01 or 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof or hereofthereof) cease to create a valid and perfected lien on and security interest in any material portion of the Collateral.Collateral purported to be covered thereby having the priority contemplated by the Loan Documents and the DIP Financing Orders; or

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 6.12 4.01 or 6.13 shall for any reason (other than pursuant to the terms thereof or hereofthereof, including as a result of a transaction permitted under Section 7.05) cease to create a valid and perfected lien Lien on and security interest in the Collateral purported to be covered thereby, or any material portion of the CollateralLoan Party shall so assert in writing.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 4.01 or 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof or hereof) cease to create a valid and perfected lien on and security interest in any material portion of the Collateral.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 4.01 or 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof or hereofas a result of a failure by the Collateral Agent to maintain possession of stock certificates and promissory notes actually delivered to it or to file Uniform Commercial Code financing statements) cease to create a valid and perfected first priority lien on and security interest in any material portion of the CollateralCollateral purported to be covered thereby.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 4.01 or 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof or hereofas a result of a failure by the Collateral Agent to maintain possession of stock certificates and promissory notes actually delivered to it or to file Uniform Commercial Code financing statements) cease to create a valid and perfected second priority lien on and security interest in any material portion of the CollateralCollateral purported to be covered thereby.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, SECTION 4.01 or 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof or hereofthereof) cease to create a valid and perfected lien on and security interest in any material portion of the Collateral.Collateral purported to be covered thereby (subject to only such exceptions as expressly permitted by the terms thereof); or

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 4.01 or 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof including as a result of a transaction permitted under Section 7.04 or hereof7.05) cease to create a valid and perfected first priority lien on and security interest in any material portion of the Collateral.Collateral covered thereby, subject to Liens permitted under Section 7.01; or

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 6.12 6.12, 6.13 or 6.13 6.17 shall for any reason (other than pursuant to the terms thereof or hereof) cease to create a valid and perfected lien on and security interest in any material portion of the Collateral.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 4.01 or 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof or hereofthereof) cease to create a valid and perfected lien on and security interest in any material portion of the Collateral.Collateral purported to be covered thereby (subject to only such exceptions as expressly permitted by the terms thereof); or

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 4.01 or 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof thereof, including as a result of a transaction permitted under Section 7.04 or hereofSection 7.05) cease to create a valid and perfected first priority lien on and security interest in any material portion of the CollateralCollateral purported to be covered thereby.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01, 4.01 or 6.12 or 6.13 shall for any reason (other than pursuant to the terms thereof or hereofthereof) cease to create a valid and perfected first priority lien on and security interest in any material portion of the CollateralCollateral purported to be covered thereby, except as otherwise permitted pursuant to Section 6.19.