Common use of Collateral; Security Interest Clause in Contracts

Collateral; Security Interest. Each Security Document is effective to create in favor of the Lenders a legal, valid and enforceable security interest in the Collateral subject thereto, which security interests are first-priority, subject to Permitted Liens.

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

Collateral; Security Interest. Each Security Document is effective to create in favor of the Lenders a legal, valid and enforceable security interest in the Collateral subject theretothereto 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 Lenders a legal, valid and enforceable security interest in the Collateral, which security interests are first-priority, priority (subject only to Permitted Priority Liens).

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

Collateral; Security Interest. Each Security Document is effective to create in favor of the Lenders a legal, valid and enforceable security interest in the Collateral subject theretothereto 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 Lenders a legal, valid and enforceable security interest in all of the Borrower’s and the Subsidiary Guarantors’ assets, which security interests are first-priority, subject to Permitted Liens.

Collateral; Security Interest. Each Security Document is effective to create in favor of the Lenders a legal, valid and enforceable security interest in the Collateral subject theretothereto 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 Lenders a legal, valid and enforceable security interest in the Collateral, which security interests are first-priority, priority (subject to Permitted Priority Liens).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Lenders a legal, valid and enforceable security interest in the Collateral subject thereto, which security interests are first-priority, thereto and subject to Permitted Liens.the perfection requirements specifically set out in the Security Documents and registration requirements with respect to Intellectual Property, each such security interest is perfected to the extent required by (and has the priority required by) the applicable Security

Collateral; Security Interest. Each Security Document is effective to create in favor of the Lenders Secured Parties a legal, valid and enforceable security interest in the Collateral subject theretothereto to the extent 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 perfected and first-priority, priority (subject only to Permitted Priority Liens).