Common use of First Perfected Security Interest Clause in Contracts

First Perfected Security Interest. Except for Permitted Liens, upon the execution and delivery of this Letter Agreement and the Security Agreement and the due filing of the Uniform Commercial Code financing statements required to be executed and filed from time to time, the Secured Parties will have a legal, valid and enforceable first priority security interest (i) in the rights, titles and interests of the Company in and to the Fuel Lease and (ii) in and to the other Collateral. Such security interest will constitute a perfected security interest in the Collateral consisting of Nuclear Material Contracts and the Collateral consisting of Nuclear Material located in the States of Illinois, Kentucky, Ohio, Pennsylvania and Virginia, except for any such Collateral which consists of cash, instruments (as defined in the New York Uniform Commercial Code) and other items in which a security interest may only be perfected by possession, enforceable against all third parties as security for the Secured Obligations.

First Perfected Security Interest. Except for Permitted Liens, upon the execution and delivery of this Letter Agreement and the Security Agreement and the due filing of the Uniform Commercial Code financing statements required to be executed and filed from time to time, the Secured Parties will have a legal, valid and enforceable first priority security interest (i) in the rights, titles and interests of the Company in and to the Fuel Lease and (iii) in and to the other Collateral. Such security interest will constitute a perfected security interest in the Collateral consisting of Nuclear Material Contracts and the Collateral consisting of Nuclear Material located in the States of Illinois, Kentucky, Ohio, Pennsylvania New Jersey and VirginiaPennsylvania, except for any such Collateral which consists of cash, instruments (as defined in the New York Uniform Commercial Code) and other items in which a security interest may only be perfected by possession, enforceable against all third parties as security for the Secured Obligations.

First Perfected Security Interest. Except for Permitted Liens, upon the execution and delivery of this Letter Agreement and the Security Agreement and the due filing of the Uniform Commercial Code financing statements required to be executed and filed from time to time, the Secured Parties will have a legal, valid and enforceable first priority security interest (i) in the rights, titles and interests of the Company in and to the Fuel Lease and (ii) in and to the other Collateral. Such security interest will constitute a perfected security interest in the Collateral consisting of Nuclear Material Contracts and the Collateral consisting of Nuclear Material located in the States of Illinois, Kentucky, Ohio, Pennsylvania New Jersey and VirginiaNorth Carolina, except for any such Collateral which consists of cash, instruments (as defined in the New York Uniform Commercial Code) and other items in which a security interest may only be perfected by possession, enforceable against all third parties as security for the Secured Obligations.

First Perfected Security Interest. Except for Permitted Liens, upon the execution and delivery of this Letter Agreement and the Security Agreement and the due filing of the Uniform Commercial Code financing statements required to be executed and filed from time to time, the Secured Parties will have a legal, valid and enforceable first priority security interest (i) in the rights, titles and interests of the Company in and to the Fuel Lease and (iii) in and to the other Collateral. Such security interest will constitute a perfected security interest in the Collateral consisting of Nuclear Material Contracts and the Collateral consisting of Nuclear Material located in the States of Illinois, Kentucky, Ohio, Pennsylvania Pennsylvania, and Virginia, Virginia except for any such Collateral which consists of cash, instruments (as defined in the New York Uniform Commercial Code) and other items in which a security interest may only be perfected by possession, enforceable against all third parties as security for the Secured Obligations.

First Perfected Security Interest. Except for Permitted Liens, upon the execution and delivery of this Letter Agreement and the Security Agreement and the due filing of the Uniform Commercial Code financing statements required to be executed and filed from time to time, the Secured Parties will have a legal, valid and enforceable first priority security interest (i) in the rights, titles and interests of the Company in and to the Fuel Lease and (iii) in and to the other Collateral. Such security interest will constitute a perfected security interest in the Collateral consisting of Nuclear Material Contracts and the Collateral consisting of Nuclear Material located in the States of Illinois, Kentucky, Ohio, Pennsylvania and Virginia, except for any such Collateral which consists of cash, instruments (as defined in the New York Uniform Commercial Code) and other items in which a security interest may only be perfected by possession, enforceable against all third parties as security for the Secured Obligations.

First Perfected Security Interest. Except for Permitted Liens, upon the execution and delivery of this Letter Agreement and the Security Agreement and the due filing of the Uniform Commercial Code financing statements required to be executed and filed from time to time, the Secured Parties will have a legal, valid and enforceable first priority security interest (i) in the rights, titles and interests of the Company in and to the Fuel Lease and (iii) in and to the other Collateral. Such security interest will constitute a perfected security interest in the Collateral consisting of Nuclear Material Contracts and the Collateral consisting of Nuclear Material located in the States of [Illinois, Kentucky, Ohio, Pennsylvania New Jersey and VirginiaPennsylvania], except for any such Collateral which consists of cash, instruments (as defined in the New York Uniform Commercial Code) and other items in which a security interest may only be perfected by possession, enforceable against all third parties as security for the Secured Obligations.

First Perfected Security Interest. Except for Permitted Liens, upon the execution and delivery of this Letter Agreement and the Security Agreement and the due filing of the Uniform Commercial Code financing statements required to be executed and filed from time to time, the Secured Parties will have a legal, valid and enforceable first priority security interest (i) in the rights, titles and interests of the Company in and to the Fuel Lease and (iii) in and to the other Collateral. Such security interest will constitute a perfected security interest in the Collateral consisting of Nuclear Material Contracts and the Collateral consisting of Nuclear Material located in the States of Illinois, Kentucky, Ohio, Pennsylvania New Jersey and VirginiaNorth Carolina, except for any such Collateral which consists of cash, instruments (as defined in the New York Uniform Commercial Code) and other items in which a security interest may only be perfected by possession, enforceable against all third parties as security for the Secured Obligations.