Enforceability; No Immunity Clause Samples
Enforceability; No Immunity. (i) The descriptions of the Collateral contained in the Security Documents are true, correct and complete and are sufficient to describe the Collateral and to create, attach and perfect the Liens intended to be created by the Security Documents. All necessary and appropriate deliveries, notices, recordings, filings and registrations have been effected to perfect First-Priority Liens on the Collateral in favor of the Term Agent as agent for the Lenders in all relevant jurisdictions, and the Term Agent as agent for the Lenders has and will continue to have until the Lenders have been paid in full and released their Liens duly and validly created, attached, perfected and enforceable First-Priority Liens on the Collateral in all relevant jurisdictions.
(ii) None of Borrower or the Affiliates, nor any of their respective properties, has any immunity from the jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution or otherwise).
Enforceability; No Immunity. The descriptions of the Collateral contained in the Security Documents are true, correct and complete and are sufficient to describe the Collateral and to create, attach and perfect the Liens intended to be created by the Security Documents. All necessary and appropriate deliveries, notices, recordings, filings and registrations have been effected to perfect First-Priority Liens on the Collateral in favor of the Administrative Agent (or in favor of the Collateral Agent in the case of the Shared Collateral) in all relevant jurisdictions, and the Administrative Agent or the Collateral Agent for the benefit of the Lenders have and will continue to have until all Obligations to the Senior Secured Parties have been paid in full and the Administrative Agent’s Liens have been released, duly and validly created, attached, perfected and enforceable First-Priority Liens on the Collateral in all relevant jurisdictions.
Enforceability; No Immunity. The descriptions of the Collateral contained in the Security Documents are true, correct and complete and are sufficient to describe the Collateral and to create, attach and perfect the Liens intended to be created by the Security Documents. All necessary and appropriate deliveries, notices, recordings, filings and registrations have been effected to perfect First-Priority Liens or second-priority Liens, as the case may be, on the Collateral in favor of the Subordinated Lender (or in favor of the Collateral Agent in the case of Shared Collateral) in all relevant jurisdictions, and the Subordinated Lender or the Collateral Agent, for the benefit of the Subordinated Lender, have and will continue to have until all Subordinated Debt Obligations to the Subordinated Lender have been paid in full and the Subordinated Lender’s Liens have been released, duly and validly created, attached, perfected and enforceable First-Priority Liens and second-priority Liens, as the case may be, on the Collateral in all relevant jurisdictions.
Enforceability; No Immunity. The descriptions of the Collateral contained in the Security Documents are true, correct and complete and are sufficient to describe the Collateral and for the purpose of creating, attaching and perfecting the Liens intended to be created by the Security Documents. All necessary and appropriate deliveries, notices, recordings, filings and registrations have been effected to perfect First-Priority Liens on the Collateral in favor of the Collateral Agent in all relevant jurisdictions, and the Collateral Agent, for the benefit of the Lenders, has and will continue to have until all Obligations to the Secured Parties have been paid in full and the Collateral Agent’s Liens have been released, duly and validly created, attached, perfected and enforceable First-Priority Liens on the Collateral in all relevant jurisdictions.