Common use of Collateral; Further Assurances Clause in Contracts

Collateral; Further Assurances. The Company shall take all actions necessary to insure that the Collateral Agent, on behalf of the Secured Parties, has and continues to have in all relevant jurisdictions duly and validly created, attached, perfected and enforceable first-priority Liens on the Collateral constituting UCC Collateral, in each case, to the extent required under the Security Documents (including after-acquired Collateral), subject to no Liens other than Permitted Liens. The Company shall cause the Obligations to constitute direct senior secured obligations of the Company and to rank senior in right of payment and to rank senior in right of security (other than Permitted Liens) with respect to Collateral granted in the Security Documents to all other Indebtedness of the Company (other than Permitted Secured Indebtedness, with which it shall be pari passu in accordance with the terms of the Collateral Agency Agreement).

Collateral; Further Assurances. (a) The Company shall take all actions necessary to insure that the Collateral Agent, on behalf of the Secured Parties, has and continues to have in all relevant jurisdictions duly and validly created, attached, perfected and enforceable first-priority Liens on the Collateral constituting UCC Collateral, described in each case, to the extent required under the Security Documents (including after-acquired Collateral), subject to no Liens other than Permitted LiensLiens and rights of holders of Permitted Secured Indebtedness in compliance with the Collateral Agency Agreement. The Company shall cause the Obligations to constitute direct senior secured obligations of the Company and to rank senior in right priority of payment and to rank senior payment, in right of security (and in all other than Permitted Liens) with respect to Collateral granted in the Security Documents respects to all other Indebtedness of the Company (other than Permitted Secured Indebtedness, with which it shall be pari passu in accordance with the terms of the Collateral Agency Agreement).

Collateral; Further Assurances. The Company shall take all actions necessary to insure that the Collateral Agent, on behalf of the Secured Parties, has and continues to have in all relevant jurisdictions duly and validly created, attached, perfected and enforceable first-priority Liens on the Collateral constituting UCC Collateral, described in each case, to the extent required under the Security Documents (including after-acquired Collateral), subject to no Liens other than Permitted LiensLiens and rights of holders of Permitted Secured Indebtedness in compliance with the Collateral Agency Agreement. The Company shall cause the Obligations to constitute direct senior secured obligations of the Company and to rank senior in right priority of payment and to rank senior payment, in right of security (and in all other than Permitted Liens) with respect to Collateral granted in the Security Documents respects to all other Indebtedness of the Company (other than Permitted Secured Indebtedness, with which it shall be pari part passu in accordance with the terms of the Collateral Agency Agreement).