Common use of Collateral Security Clause in Contracts

Collateral Security. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Collateral Security. The Obligations shall be secured by (a) a perfected first priority security interest (except for assets subject only to Basket Liens or other Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned (other than Real Property or hereafter acquired, titled or registered Rental Equipment unless required pursuant to the terms of the Security Documents to which the Borrower is a partyss.7.

Collateral Security. The Subject to the Security Documents, the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) Liens), perfected security interest in all of the assets of Collateral specified in the BorrowerSecurity Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Collateral Security. The Obligations shall be secured by a perfected first priority security interest (subject only to the joint lien of the Trustee for the benefit of the Noteholders, other Permitted Liens entitled to priority under applicable lawlaw and the Intercreditor Agreement) in substantially all of the assets of the BorrowerBorrowers, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which any of the Borrower Borrowers is a party.

Collateral Security. The Obligations shall continue to be secured by a perfected first first-priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all certain of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.

Collateral Security. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawLiens) in all of the certain assets of the BorrowerBorrowers, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.

Collateral Security. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the BorrowerBorrowers (other than motor vehicles and real estate), whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is Borrowers are a party.

Collateral Security. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the BorrowerBorrower other than the Delco Inventory and the Autos, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Collateral Security. The Obligations shall be secured by (a) a perfected first priority security interest (except for assets subject only to Basket Liens, other Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned law or hereafter acquired, other exclusions permitted pursuant to the terms of the Security Documents to which the Borrower is a partyss.

Collateral Security. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the BorrowerBorrowers (other than motor vehicle titles and real estate), whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which and the Borrower is a partyIntercreditor Agreement.

Collateral Security. The Obligations shall be secured by a perfected first priority security interest or the analogous type of security interest pursuant to the laws of the applicable foreign jurisdiction (subject only to Permitted Liens entitled to priority under applicable law) in all sixty six percent (66%) of the assets capital stock of each direct Subsidiary of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Collateral Security. The All of the Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the BorrowerCollateral, whether now owned or hereafter acquired, pursuant to the terms of and as more particularly described in the Security Documents to which the Borrower is a partyBorrowers and the Subsidiary Guarantors are parties.

Collateral Security. The Obligations shall be secured by a perfected first priority security interest to be held by the Bank (subject only to Permitted Liens entitled to priority under applicable lawLiens) in all of the assets Property of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.