Common use of Collateral; Security Interest Clause in Contracts

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties a legal, valid and enforceable security interest in the Collateral subject thereto and each such security interest is perfected to the extent required by (and has the priority required by) the applicable Security Document. The Security Documents collectively are effective to create in favor of the Secured Parties a legal, valid and enforceable security interest in the Collateral, which security interests are first-priority (subject only to Permitted Priority Liens).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in the Collateral subject thereto and each such security interest is will be perfected to the extent required by (and has the priority required by) the applicable Security DocumentDocument subject to the taking of the actions described in such Security Documents. The Security Documents collectively are effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in all of the CollateralBorrower’s and the Guarantors’ assets, which security interests are first-priority (subject only to except for Permitted Priority Senior Liens).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in the Collateral subject thereto and each such security interest is will be perfected to the extent required by (and has the priority required by) the applicable Security DocumentDocument subject to the taking of the actions described in such Security Documents. The Security Documents collectively are effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in all of the CollateralBorrower’s and the Subsidiary Guarantors’ assets, which security interests are first-priority (subject only to except for Permitted Priority Senior Liens).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties a legal, valid and enforceable security interest in the Collateral subject thereto and each such security interest is perfected to the extent required by (and has the priority required by) the applicable Security Document. The Security Documents collectively are effective to create in favor of the Secured Parties a legal, valid and enforceable security interest in the CollateralCollateral subject thereto, which security interests are first-priority (subject only to Permitted Priority LiensLiens or except as expressly contemplated by the Security Documents).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in the Collateral subject thereto and each such security interest is perfected to the extent required by (and has the priority required by) the applicable Security Document. The Security Documents collectively collectively, when financing statements and other filings specified on Schedule 7.18 in appropriate form are filed in the offices specified on Schedule 7.18, are effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in the Collateral, which security interests are first-priority (subject only to Permitted Priority Liens).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties a legal, valid and enforceable security interest in the Collateral subject thereto and each such security interest is perfected to the extent required by (and has the priority required by) the applicable Security Document. The Security Documents collectively are effective to create in favor of the Secured Parties a legal, valid and enforceable security interest in the Collateral, which security interests are first-priority (subject only to Permitted Priority Liens)) to the extent required by the applicable Security Document.

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties Lenders, upon the first Borrowing, a legal, valid and enforceable security interest in the Collateral subject thereto and each such security interest is perfected to the extent required by (and has the priority required by) the applicable Security Document. The Security Documents collectively are effective effective, upon the first Borrowing, to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in the Collateral, which security interests are first-priority (subject only to Permitted Priority Liens).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in the Collateral subject thereto and each such security interest is perfected to the extent required by (and has the priority required by) the applicable Security Document. The Security Documents collectively are effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in the Collateral, which upon the filing of financing statements and other similar statements filed in the appropriate offices, such security interests are first-priority security interests (subject only to Permitted Priority Liens).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in the Collateral subject thereto and each such security interest is perfected to the extent required by (and has the priority required by) the applicable Security Document. The Security Documents collectively are effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable security interest in the Collateral, which upon the filing of financing statements and other similar statements filed in the appropriate offices, such security interests are first-priority security interests (subject only to Permitted Priority Liens).