Perfection and Priority of Lien Sample Clauses
Perfection and Priority of Lien. Supplier shall take all steps necessary or desirable to grant and maintain the SellersFunding’s lien on the Collateral as a valid first priority lien.
Perfection and Priority of Lien. The provisions of the First Lien Security Documents are effective to create, in favor of the First Lien Collateral Agent for the benefit of the First Lien Secured Parties, as security for the First Lien Obligations, a legal, valid and enforceable first priority Lien on and security interest in all of the Collateral purported to be covered by the First Lien Security Documents, and all necessary recordings and filings have been made or will be made on the date of the Closing in all necessary public offices, and all other necessary and appropriate action has been taken, so that each such First Lien Security Document creates, or upon the filing of such financing statements will create, a perfected first priority Lien on and perfected security interest in all right, title and interest of such Obligor in the Collateral covered thereby, prior and superior to the rights of all third Persons and subject to no Liens other than Permitted Liens.
Perfection and Priority of Lien. The UCC financing statement, when filed or recorded, as applicable, create a valid, perfected security interest, in the Collateral (to the extent a security interest in such collateral can be perfected by the filing of a UCC financing statement).
Perfection and Priority of Lien. The provisions of the Security Documents are effective to create, in favor of the Collateral Agent for the benefit of the Secured Parties, as security for the obligations purported to be secured thereby, a legal, valid and enforceable Lien on and security interest in all of the Collateral purported to be covered by the Security Documents. Upon the making of all necessary recordings and filings on or prior to the Closing Date or the applicable Initial Facility Funding Date in all necessary public offices, and the completion of all other necessary and appropriate action as required under the Security Documents on or prior to the Closing Date or the applicable Initial Facility Funding Date, each such Security Document will create, a perfected Lien on and perfected security interest in all right, title and interest of each Obligor and Holdco in the Collateral owned by it and covered thereby, prior and superior to the rights of all third Persons and subject to no Liens other than Permitted Liens.
Perfection and Priority of Lien. The pledge and grant of a security interest in, and delivery of the Pledged Collateral pursuant to this Agreement, will create a valid and perfected lien on and security interest in the Pledged Collateral, securing the payment of the Secured Obligations, subject to no prior liens or security interests.