Common use of Liens Under the Security Instruments Clause in Contracts

Liens Under the Security Instruments. Upon the execution and delivery of the Security Instruments in accordance herewith, and where appropriate the filing and recordation thereof with the appropriate filing or recording officers in each of the necessary jurisdictions, the Liens granted and to be granted by any Obligor to Lenders or the Trustee (as defined in any of the Security Instruments) on behalf of Lenders in such Obligor's assets pursuant to the Security Instruments will be validly created, perfected and first priority Liens, subject only to Permitted Liens.

Liens Under the Security Instruments. Upon the execution and delivery of the Security Instruments in accordance herewith, and where appropriate the filing and recordation thereof with the appropriate filing or recording officers in each of the necessary jurisdictions, the Liens granted and to be granted by any Obligor Designated Entity to Lenders or the Trustee (as defined in any of the Security Instruments) on behalf of Lenders in such ObligorDesignated Entity's assets pursuant to the Security Instruments will be validly created, perfected and first priority Liens, subject only to Permitted Liens.