Common use of Collateral Document Clause in Contracts

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 or 6.12 shall for any reason (other than (i) pursuant to the terms thereof or (ii) the satisfaction in full in all of the Obligations) cease to create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby to the extent the terms of such Collateral Document intended that a perfected first priority security interest would be obtained.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 or 6.12 shall for any reason (other than (i) pursuant to the terms thereof or (ii) the satisfaction in full in all of the Obligationsthereof) cease to create a valid and perfected first priority lien on and security interest in a portion the Collateral purported to be covered thereby with a value in excess of $1,000,000, other than as a result of any action or failure to act on the extent part of the terms of such Collateral Document intended that a perfected first priority security interest would be obtainedAgent.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 5.01 or 6.12 7.12 shall for any reason (other than (i) pursuant to the terms thereof or (ii) the satisfaction in full in all of the Obligationsthereof) cease to create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby to and is not, upon the extent written request of the terms of such Collateral Document intended that a perfected first priority security interest would be obtained.Administrative Agent, promptly corrected; or

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 or 6.12 shall for any reason (other than (i) pursuant to the terms thereof or (ii) the satisfaction in full in all of the Obligationsthereof) cease to create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby to the extent the terms and is not, upon request of such Collateral Document intended that a perfected first priority security interest would be obtained.any Agent, promptly corrected; or 8

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 4.02(a)(ii) through (iv) or 6.12 7.01(q) shall for any reason (other than (i) pursuant to the terms thereof or (ii) the satisfaction in full in all of the Obligationsthereof) cease to create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby to the extent the terms of such Collateral Document intended that a perfected first priority security interest would be obtained.thereby, other than Permitted Liens;

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 or 6.12 shall for any reason (other than (i) pursuant to the terms thereof including as a result of a transaction permitted under Section 7.04 or (ii) the satisfaction in full in all of the Obligations7.05) cease to create a valid and perfected first priority lien on and security interest in the Collateral purported covered thereby, subject to be covered thereby to the extent the terms of such Collateral Document intended that a perfected first priority security interest would be obtained.Liens permitted under Section 7.01; or

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 or 6.12 shall for any reason (other than (i) pursuant to the terms thereof or (ii) the satisfaction in full in all of the Obligationsthereof) cease to create a valid and perfected first priority lien on and security interest in a portion of the Collateral purported to be covered thereby with a value in excess of $1,000,000, other than as a result of any action or failure to act on the extent part of the terms of such Collateral Document intended that a perfected first priority security interest would be obtained.Agent; or

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 or 6.12 shall for any reason (other than (i) pursuant to the terms thereof hereof or (ii) the satisfaction in full in all of the Obligationsthereof) cease to create a valid and perfected first priority (subject only to Liens permitted under the Loan Documents) lien on and security interest in the Collateral purported to be covered thereby to the extent the terms of such Collateral Document intended that a perfected first priority security interest would be obtainedthereby.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 4.01(a)(xiv) - (xviii) or 6.12 7.01(o) shall for any reason (other than (i) pursuant to the terms thereof or (ii) the satisfaction in full in all of the Obligationsthereof) cease to create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby to the extent the terms of such Collateral Document intended that a perfected first priority security interest would be obtained.thereby, other than Permitted Liens;