Common use of Continued Priority of Security Interest Clause in Contracts

Continued Priority of Security Interest. (a) The Security Interest granted by each Obligor shall at all times be valid, perfected and enforceable against each Obligor and all third parties in accordance with the terms of this Agreement, as security for the Secured Obligations, and the Collateral shall not at any time be subject to any Liens that are prior to, on a parity with or junior to the Security Interest, other than Permitted Liens.

Continued Priority of Security Interest. (a) The Security Interest granted by each Obligor shall at all times be valid, perfected and of first priority and enforceable against each Obligor the Borrower and all third parties other Persons, in accordance with the terms of this Agreement, as security for the Secured Obligations, and the Collateral shall not at any time be subject to any Liens that are prior to, on a parity with or junior to the Security Interest, other than Permitted Liens.

Continued Priority of Security Interest. (a) The Security Interest granted by Borrower and each Obligor Guarantor shall at all times be valid, perfected and enforceable against Borrower and each Obligor Guarantor and all third parties in accordance with the terms of this Agreement, as security for the Secured Obligations, and the Collateral shall not at any time be subject to any Liens that are prior to, on a parity with or junior to the Security Interest, Interest other than Permitted Liens, and shall not at any time be subject to any Liens that are prior or senior to the Security Interest.

Continued Priority of Security Interest. (a) The Security Interest granted by Borrower and each Obligor Guarantor shall at all times be valid, perfected and enforceable against Borrower and each Obligor Guarantor and all third parties in accordance with the terms of this Agreement, as security for the Secured Obligations, and the Collateral shall not at any time be subject to any Liens that are prior to, on a parity with or junior to the Security Interest, other than Permitted Liens.

Continued Priority of Security Interest. (a) The Security Interest granted by each Obligor the Borrowers shall at all times be valid, perfected and enforceable against each Obligor Borrower and all third parties in accordance with the terms of this Agreement, as security for the Secured Obligations, and the Collateral (i) shall not at any time be subject to any Liens that are prior to, on a parity with or junior to the Security InterestInterest and (ii) except as permitted by SECTIONS 11.9(A), (B), (E), (F) and (G), shall not at any time be subject to any other than Permitted Liens.

Continued Priority of Security Interest. (a) The Security Interest granted by each Obligor Borrower shall at all times be valid, perfected and enforceable against each Obligor Borrower and all third parties in accordance with the terms of this Agreement, as security for the Secured Obligations, and the Collateral shall not at any time be subject to any Liens that are prior to, on a parity with or junior to the Security Interest, other than Permitted Liens.

Continued Priority of Security Interest. (a) The Security Interest granted by each Obligor the Borrowers shall at all times be valid, perfected and enforceable against each Obligor Borrower and all third parties in accordance with the 72 80 terms of this Agreement, as security for the Secured Obligations, and the Collateral shall not at any time be subject to any Liens that are prior to, on a parity with or junior to the Security Interest, other than Permitted Liens.

Continued Priority of Security Interest. (a1) The Security Interest granted by each Obligor the Borrowers and the Guarantors shall at all times be valid, perfected and enforceable against each Obligor and every Borrower and Guarantor and all third parties in accordance with the terms of this Agreement, as security for the Secured Obligations, and the Collateral shall not at any time be subject to any Liens that are prior to, on a parity with or junior to the Security Interest, other than Permitted Liens.

Continued Priority of Security Interest. (a) The Security Interest granted by each Obligor in Section 6.1 hereof shall at all times be valid, perfected and enforceable against the Borrower, and each Obligor of the Guarantors, and all third parties in accordance with the terms of this Agreement, as security for the Secured Obligations, and the Collateral shall not at any time be subject to any Liens that are prior to, on a parity with with, or junior to the Security Interest, other than Permitted Liens.