Common use of Perfection of Accounts Clause in Contracts

Perfection of Accounts. (a) To Borrower’s knowledge, this Agreement, together with the other Loan Documents, create a valid and continuing security interest (as defined in the Uniform Commercial Code of the State of New York) in the Deposit Account and the other Accounts (as defined in the Cash Management Agreement) in favor of Agent (for the ratable benefit of Lenders), which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from Borrower. Other than in connection with the Loan Documents, Borrower has not sold or otherwise conveyed the Accounts.

Perfection of Accounts. (a) ). To Borrower’s knowledge, this Agreement, together with the other Loan Documents, create a valid and continuing security interest (as defined in the Uniform Commercial Code of the State of New York) in the Deposit Account and the other Accounts (as defined in the Cash Management Agreementif any) in favor of Agent (for the ratable benefit of Lenders), which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from Borrower. Other than in connection with the Loan Documents, Borrower has not sold or otherwise conveyed the Accounts.

Perfection of Accounts. (a) To Borrower’s knowledge, this This Agreement, together with the other Loan DocumentsDocuments (once recorded and/or filed, as appropriate), create a valid and continuing security interest (as defined in the Uniform Commercial Code of the State of New YorkCode) in the Deposit Account and the other Accounts (as defined in the Cash Management Agreement) in favor of Agent (for the ratable benefit of Lenders)Lender, which security interest is prior to all other Liens, other than Permitted Encumbrances, and is enforceable as such against creditors of and purchasers from Borrower. Other than in connection with the Loan DocumentsDocuments and except for Permitted Encumbrances, Borrower has not sold or otherwise conveyed the Accounts.;