Common use of General perfection Clause in Contracts

General perfection. (a) Each Grantor must take, at its own expense, promptly, and in any event within any applicable time limit whatever action is necessary or reasonably requested by the Inventory Collateral Agent or any other First Lien Secured Party to ensure that this Security is as of the date hereof, and will continue to be until the Discharge of First Lien Obligations, a validly created, attached, enforceable and perfected first-priority (subject to Permitted Security) continuing security interest in the Collateral in favor of the First Lien Secured Parties, in all relevant jurisdictions, securing payment and performance of the First Lien Obligations and in each case, to protect this Security, to enable the Inventory Collateral Agent to exercise and enforce its rights, powers and remedies under this Agreement with respect to any of the Collateral and to facilitate the assignment or transfer of any rights and/or obligations of the Inventory Collateral Agent or the applicable First Lien Secured Parties under this Agreement. The Grantors will pay, jointly and severally any applicable filing fees, recordation taxes and related expenses relating to the Collateral.

General perfection. (a) Each Grantor must take, at its own expense, promptly, and in any event within any applicable time limit whatever action is necessary or reasonably requested by the Inventory ABL Loan Collateral Agent or any other First Lien Secured Party to ensure that this Security is as of the date hereof, and will continue to be until the Discharge of First Lien Obligations, a validly created, attached, enforceable and perfected first-priority (subject to Permitted Security) continuing security interest in the Collateral in favor of the First Lien Secured Parties, in all relevant jurisdictions, securing payment and performance of the First Lien Obligations and in each case, to protect this Security, to enable the Inventory ABL Loan Collateral Agent to exercise and enforce its rights, powers and remedies under this Agreement with respect to any of the Collateral and to facilitate the assignment or transfer of any rights and/or obligations of the Inventory ABL Loan Collateral Agent or the applicable First Lien Secured Parties under this Agreement. The Grantors will pay, jointly and severally any applicable filing fees, recordation taxes and related expenses relating to the Collateral.

General perfection. (a) Each Grantor must take, at its own expense, promptly, and in any event within any applicable time limit whatever action is necessary or reasonably requested by the Inventory ABL Loan Collateral Agent or any other First Second Lien Secured Party to ensure that this Security is as of the date hereof, and will continue to be until the Discharge of First Second Lien Obligations, a validly created, attached, enforceable and perfected firstsecond-priority (subject to Permitted Security) continuing security interest in the Collateral in favor of the First Second Lien Secured Parties, in all relevant jurisdictions, securing payment and performance of the First Second Lien Obligations and in each case, to protect this Security, to enable the Inventory ABL Loan Collateral Agent to exercise and enforce its rights, powers and remedies under this Agreement with respect to any of the Collateral and to facilitate the assignment or transfer of any rights and/or obligations of the Inventory ABL Loan Collateral Agent or the applicable First Second Lien Secured Parties under this Agreement. The Grantors will pay, jointly and severally any applicable filing fees, recordation taxes and related expenses relating to the Collateral.

General perfection. (a) Each Grantor must take, at its own expense, promptly, and in any event within any applicable time limit whatever action is necessary or reasonably requested by the Inventory Collateral Agent or any other First Second Lien Secured Party to ensure that this Security is as of the date hereof, and will continue to be until the Discharge of First Second Lien Obligations, a validly created, attached, enforceable and perfected firstsecond-priority (subject to Permitted Security) continuing security interest in the Collateral in favor of the First Second Lien Secured Parties, in all relevant jurisdictions, securing payment and performance of the First Second Lien Obligations and in each case, to protect this Security, to enable the Inventory Collateral Agent to exercise and enforce its rights, powers and remedies under this Agreement with respect to any of the Collateral and to facilitate the assignment or transfer of any rights and/or obligations of the Inventory Collateral Agent or the applicable First Second Lien Secured Parties under this Agreement. The Grantors will pay, jointly and severally any applicable filing fees, recordation taxes and related expenses relating to the Collateral.