Perfection of Security Interests in Collateral. The Lender shall hold a valid, perfected first priority security interest in all Collateral (subject to Permitted Liens).
Perfection of Security Interests in Collateral. Borrowers and each of them shall execute and deliver to Lender, concurrently with the execution of this Agreement and at any time or times hereafter, at the request of Lender or any of them, and whether before or after the occurrence of an Event of Default as hereinafter defined, such financing statements or other documents as Lender may request, in form and substance satisfactory to Lender, and Borrowers and each of them shall do such other acts and things as Lender shall deem necessary or desirable, in order to create, perfect, continue and preserve Lender's security interests in the Collateral and to preserve the priority thereof. Borrowers hereby authorize Lender, at any time and from time to time, to file and/or record any such financing statements or other documents with such authorities and in such jurisdictions as may be necessary to create, perfect, continue and preserve Lender's security interests in the Collateral. Borrowers further agrees that a photographic, photostatic or other reproduction of this Agreement, a financing statement or other such document is sufficient as a financing statement.
Perfection of Security Interests in Collateral. (i) Payment of the Obligations and the prompt observance and performance by the Borrower of all of the terms and provisions of this Credit Agreement in favor of EagleFunding, the Collateral Agent and the Deal Agent are secured by the Collateral as more fully set forth in Article VII hereof. Upon the making of ----------- each EagleFunding Loan, the Collateral Agent has a legal, valid, perfected and enforceable Lien upon and first priority security interest in the Collateral, as security for the repayment of the Obligations, which Lien upon and security interest in the Collateral is free and clear of all Liens (other than any Permitted Encumbrances); and
(ii) Upon the making of each EagleFunding Loan, the Borrower has a legal, valid and perfected ownership interest in, and good title to, the Collateral (including, without limitation, all Contracts contemplated to be Granted hereunder on the Contract Grant Date corresponding to the making of the relevant EagleFunding Loan), which interest in and title to the Collateral is free and clear of all Liens (other than the Primary Lien and any Permitted Encumbrances).
Perfection of Security Interests in Collateral. Borrower shall at the Lender's request, at any time and from time to time, execute and deliver to the Lender such financing statements, documents and other agreements and instruments (and pay the cost of filing or recording the same in all public offices deemed necessary or desirable by Lender) and do such other acts and things as Lender may deem necessary or desirable in its sole discretion in order to establish and maintain a valid, attached and perfected security interest in the Collateral in favor of Lender (free and clear of all other liens, claims, encumbrances and rights of third parties whatsoever, whether voluntarily or involuntarily created, other than subrogation rights of the Insurer under the Default Insurance Policy) to secure payment of the Obligations, and in order to facilitate the collection of the Collateral. With respect to the Collateral that may be perfected by control, Borrower shall take such steps as the Lender may reasonably require in order that Lender may have such control. Borrower irrevocably hereby makes, constitutes and appoints Lender (and all Persons designated by Lender for that purpose) as Borrower's true and lawful attorney and agent-in-fact to file such financing statements, other notices, documents and other agreements and instruments and do such other acts and things as may be necessary to preserve and perfect Lender's security interest in the Collateral. Borrower further agrees that a carbon, photographic, photostatic or other reproduction of this Agreement or of a financing statement shall be sufficient as a financing statement. Further, to the extent permitted by applicable law, Lender may file one or more financing statements or other notices disclosing Lender's liens and other security interests under this Agreement.
Perfection of Security Interests in Collateral. Each Collateral Document, including the First Preferred Ship Mortgages and Assignment of Insurances, creates in favor of the Administrative Agent or the Mortgage Trust on behalf of the Secured Parties a Lien that has attached in the Collateral secured thereby. Upon the (a) filing of the UCC-1 financing statements in each appropriate jurisdiction, (b) recording of the notices of grants of security interests referred to in the Security Agreements in the United States Patent and Trademark Office and the United States Copyright Office, as applicable, (c) recording of any Mortgages, (d) filing of any Aircraft Security Agreements, (e) filing with the U.S. Coast Guard National Vessel Documentation Center of a First Preferred Ship Mortgage with respect to each U.S. flagged Eligible Vessel, and (f) taking possession of any Collateral with respect to which the Administrative Agent’s interest may only be perfected by possession, such Liens on the Collateral granted thereby shall be perfected, first priority security interests (subject to Permitted Liens), and no further recordings or filings are or will be required in connection with the creation, perfection or enforcement of such security interests and Liens, other than the filing of continuation statements in accordance with Applicable Law. Within fifteen (15) Business Days following the Closing Date, the Administrative Agent shall cause the Mortgage Trustee to release of record each Excluded Vessel and each Ineligible Vessel which is subject to any First Preferred Ship Mortgage as of the Closing Date.
Perfection of Security Interests in Collateral. Each Collateral Document, including the First Preferred Ship Mortgages and Assignment of Insurances, creates in favor of Lender a Lien that has attached in the Collateral secured thereby. Upon the (a) filing of the UCC-1 financing statements in each appropriate jurisdiction, (b) recording of the notices of grants of security interests referred to in the Security Agreements in the United States Patent and Trademark Office and the United States Copyright Office, as applicable, (c) recording of any Mortgages, (d) filing of any Aircraft Security Agreements, (e) filing with the National Vessel Documentation Center of the U.S. Coast Guard of a First Preferred Ship Mortgage with respect to each U.S. flagged Eligible Vessel, and (f) taking possession of any Collateral with respect to which Lender’s interest may only be perfected by possession, such Liens on the Collateral granted thereby shall be perfected, first priority security interests (subject to Permitted Liens), and no further recordings or filings are or will be required in connection with the creation, perfection or enforcement of such security interests and Liens, other than the filing of continuation statements in accordance with applicable law.
Perfection of Security Interests in Collateral. The Collateral Documents create valid security interests in the Pledged Shares and the other Collateral in favor of the Administrative Agent for the benefit of the Administrative Agent, the Lenders and Secured Banking Services Providers securing the Obligations and constitute perfected security interests in such Pledged Shares and other Collateral, subject to no Liens other than those permitted under Section 7.01. As of the Closing Date, the Pledged Shares constitute not less than (i) 91.3% of the common units representing limited partner interests of EQGP, and (ii) 12.7% of the common units representing limited partner interests of EQM.
Perfection of Security Interests in Collateral. (i) Payment of principal and interest on the Notes and the prompt observance and performance by the Issuer of all of the terms and provisions of this Agreement are secured by the Collateral. Upon the issuance of the Notes and at all times thereafter so long as any Notes are outstanding, this Agreement creates a security interest (as defined in the applicable UCC) in the Collateral in favor of the Collateral Agent for the benefit of the Trustee, the Noteholders and the Swap Counterparty to secure amounts payable under the Notes which security interest is perfected and prior to all other Liens (other than any Permitted Encumbrances) and is enforceable as such against all creditors of and purchasers from the Issuer; and
(ii) the Collateral constitutes either “accounts,” “chattel paper,” “instruments” or “general intangibles” within the meaning of the applicable UCC.
Perfection of Security Interests in Collateral. Section 6.19 of the Loan Agreement is hereby amended to add the following sentences at the end of such Section: The Loan Parties shall have the right to have certain Collateral released or otherwise modified, as described below:
(a) Upon written request by Borrowers, the Administrative Agent will release its Liens on the Reedville Evaporator Unit and upon such release OPI may grant a security interest in the Reedville Evaporator Unit to secure the NMFFP Financing as NMFFP Collateral; in connection with such release, Borrower shall provide the Administrative Agent with a more detailed description of the Reedville Evaporator Unit. Contemporaneously with the release of the Reedville Evaporator Unit, OPI shall grant to the Administrative Agent, for the benefit of the Secured Parties, a first priority Lien upon the Vessel Rappahannock, Official No. 650997, and the Borrowers shall execute such supplements to fleet mortgage, supplements to assignment of insurances, and other documents as required by Administrative Agent, in form and substance satisfactory to the Administrative Agent in its sole discretion.
(b) On or before October 31, 2013, the Administrative Agent will release its Liens on the real property and fixtures, but not any personal property (including without limitation equipment and inventory), at 600 Xxxxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxx.
Perfection of Security Interests in Collateral. Each Collateral Document, including the First Preferred Ship Mortgages and Assignment of Insurances, creates in favor of the Administrative Agent or the Mortgage Trust on behalf of the Secured Parties a Lien that has attached in the Collateral secured thereby. Upon the (a) filing of the UCC-1 or PPSA financing statements and comparable other documents in each appropriate jurisdiction, (b) recording of the notices of grants of security interests referred to in the Security Agreements in the United States Patent and Trademark Office and the United States Copyright Office, as applicable, (c) recording of any Mortgages, (d) filing of any Aircraft Security Agreements, (e) filing with the U.S. Coast Guard National Vessel Documentation Center of a First Preferred Ship Mortgage with respect to each U.S. flagged Eligible Vessel, and (f) taking possession of any Collateral with respect to which the Administrative Agent’s interest may only be perfected by possession, such Liens on the Collateral granted thereby shall be perfected, first priority security interests (subject to Permitted Liens), and no further recordings or filings are or will be required in connection with the creation, perfection or enforcement of such security interests and Liens, other than the filing of continuation statements in accordance with Applicable Law. Within 15 Business Days following the Closing Date, the Administrative Agent shall cause the Mortgage Trustee to release of record each Excluded Vessel and each Ineligible Vessel which is subject to any First Preferred Ship Mortgage as of the Closing Date. Upon written request by the Borrowers, the Administrative Agent will release its Liens on the Reedville Evaporator Unit and upon such release OPI may grant a security interest in the Reedville Evaporator Unit to secure the NMFFP Financing as NMFFP Collateral; in connection with such release, the Borrowers shall provide the Administrative Agent with a more detailed description of the Reedville Evaporator Unit. Contemporaneously with the release of the Reedville Evaporator Unit, OPI shall grant to the Administrative Agent, for the benefit of the Secured Parties, a first priority Lien (except for Permitted Liens) upon the Vessel Rappahannock, Official No. 650997, and the Borrowers shall execute such supplements to fleet mortgage, supplements to assignment of insurances, and other documents as required by Administrative Agent, in form and substance satisfactory to the Administrative Agent in ...
