Common use of Perfection and Priority of Collateral Clause in Contracts

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.23.

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security other Financing Documents and, if required, the recording of the same, will have, and will continue to have as security for the Obligations, a valid and perfected Lien on on, and security interest in in, all of the Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.23.

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.23SCHEDULE 4.1.19 attached hereto and made a part hereof.