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 pursuant to the terms thereof or as expressly permitted thereby) cease to create a valid and perfected first priority lien (subject to Specified Statutory Liens and, in the case of Mortgaged Properties only, Liens permitted under Section 7.01(g)) on and security interest in the Collateral purported to be covered thereby or any Loan Party shall so assert such invalidity or lack of perfection or priority.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 or 6.12 shall for any reason (other than pursuant to the terms thereof or as expressly permitted therebythereof) cease to create a valid and perfected first priority lien (subject to Specified Statutory Liens andPermitted Liens) lien on and security interest Terremark Worldwide, Inc. — Credit Agreement in the case Collateral purported to be covered thereby; or any Loan Party contests in any manner the validity, perfection or priority of Mortgaged Properties only, Liens permitted under Section 7.01(g)) on and any lien or security interest in the Collateral purported to be covered thereby or any Loan Party shall so assert such invalidity or lack of perfection or priority.thereby; or

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 or 6.12 shall for any reason (other than pursuant to the terms thereof or as expressly permitted thereby) cease to create a valid and perfected first priority lien (subject to Specified Statutory Liens and, in the case of Mortgaged 101 Properties only, Liens permitted under Section 7.01(g)) on and security interest in the Collateral purported to be covered thereby or any Loan Party shall so assert such invalidity or lack of perfection or priority.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 or 6.12 shall for any reason (other than pursuant to the terms thereof or as expressly permitted therebythereof) cease to create a valid and perfected first priority lien (subject to Specified Statutory Liens and, in the case of Mortgaged Properties only, Liens permitted under Section 7.01(g)Permitted Liens) lien on and security interest in the Collateral purported to be covered thereby thereby; or any Loan Party shall so assert such invalidity or lack of contests in any manner the validity, perfection or prioritypriority of any lien or security interest in the Collateral purported to be covered thereby.

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section 4.01 or 6.12 shall for any reason (other than pursuant to the terms thereof or as expressly permitted therebythereof) cease to create a valid and perfected first priority lien (subject to Specified Statutory Liens and, in the case of Mortgaged Properties only, Liens permitted under Section 7.01(g)Permitted Liens) lien on and security interest in the Collateral purported to be covered thereby thereby; or any Loan Party shall so assert such invalidity or lack of contests in any manner the validity, perfection or priority.priority of any lien or security interest in the Collateral purported to be covered thereby; or

Collateral Document. Any Collateral Document after delivery thereof pursuant to Section SECTION 4.01 or OR 6.12 shall for any reason (other than pursuant to the terms thereof or as expressly permitted therebythereof) cease to create a valid and perfected first priority lien (subject to Specified Statutory Liens and, in the case of Mortgaged Properties only, Liens permitted under Section 7.01(g)) on and security interest in the Collateral purported to be covered thereby thereby; or any Loan Party shall so assert such invalidity or lack of contests in any manner the validity, perfection or priority.priority of any lien or security interest in the Collateral purported to be covered thereby; or