Liens; Priority. The Administrative Agent shall be satisfied that the Administrative Agent has been granted, and holds, for the benefit of the Administrative Agent and the Lenders, a perfected, first priority Lien on and security interest in all of the Collateral, subject only to Permitted Liens, to the extent such Liens and security interests are required pursuant to the Loan Documents to be granted or perfected on or before the Amendment Effective Date.
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Samples: Financing Agreement (TherapeuticsMD, Inc.), Financing Agreement (TherapeuticsMD, Inc.), Financing Agreement (TherapeuticsMD, Inc.)
Liens; Priority. The Administrative Agent shall be satisfied that the Administrative Collateral Agent has been granted, and holds, for the benefit of the Administrative Agent and the LendersSecured Parties, a perfected, first priority Lien on and security interest in all of the Collateral, subject only to Permitted Liens, to the extent such Liens and security interests are required permitted pursuant to Section 6.02 of the Loan Documents to be granted or perfected on or before the Amendment Effective DateCredit Agreement.
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