Common use of Perfected Security Interests Clause in Contracts

Perfected Security Interests. Except as the result of or in connection with a disposition permitted by Section 8.4(c), at all times after execution and delivery of the Collateral Documents by the Credit Parties and satisfaction of the conditions specified therein, the security interests created in favor of the Agent, for the benefit of the Lenders, will constitute valid, perfected security interests in the Collateral.