Common use of Perfection of Security Interests in the Collateral Clause in Contracts

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries, notations and other actions contemplated in the Collateral Documents perfected security interests and LiensLiens (to the extent that such security interests and Liens can be perfected by such filings, deliveries, notations and other actions), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests interests, to the extent and Liensin the manner required by the Collateral Documents and the Administrative Agent, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries, notations and other actions contemplated in the Collateral Documents, perfected security interests and LiensLiens (to the extent that such security interests and Liens can be perfected by such filings, deliveries, notations and other actions), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries, notations and other actions contemplated in the Collateral Documents, perfected security interests and LiensLiens (to the extent that such security interests and Liens can be perfected by such filings, deliveries, notations and other actions contemplated in the Collateral Documents), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens to the extent all necessary action has been timely and properly taken by the Administrative Agent as contemplated by such Collateral Documents are currently or will be perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, on the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests Liens and Liens, prior to all other Liens (other than Customary Permitted Liens having priority over such Liens).

Perfection of Security Interests in the Collateral. The Subject to Section 7.21, the Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries, notations and other actions contemplated in the Collateral Documents, perfected security interests and LiensLiens (to the extent that such security interests and Liens can be perfected by such filings, deliveries, notations and other actions), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries and other actions contemplated in the Collateral Documents perfected security interests and LiensLiens (to the extent that such security interests and Liens can be perfected by such filings, deliveries, notations and other actions), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and LiensLiens (to the extent perfection is required pursuant to the Collateral Documents), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the property described in and subject to the lien-granting provisions of the Collateral purported to be covered therebyDocuments, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted LiensLiens permitted under this Agreement.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries, notations and other actions contemplated by the Collateral Documents, perfected security interests and LiensLiens (to the extent that such security interests and Liens can be perfected by such filings, deliveries, notations and other actions), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are are, if required by the Collateral Documents, currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will, upon filing of all requisite financing statements, be perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The provisions of the Collateral Documents are effective to create in favor of the Administrative Agent valid security interests in, and Liens on, all rights of the respective Loan Parties in the Collateral purported to be covered therebydescribed therein, which security interests and Liens are currently perfected security interests and LiensLiens (to the extent required pursuant to the terms of the Loan Documents), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently are, to the extent required by the Collateral Documents, perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, to the extent required to be perfected in accordance with the terms of the Collateral Documents, and prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens Xxxxx on, the property described in and subject to the lien-granting provisions of the Collateral purported to be covered therebyDocuments, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted LiensLiens permitted under this Agreement.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are are, to the extent required under the Collateral Documents, currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the property described in and subject to the lien-granting provisions of the Collateral purported to be covered therebyDocuments, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered therebythereby and (i) when all appropriate filings or recordings are made with the appropriate Governmental Authorities as may be required under applicable Law and (ii) upon the taking of possession or control by the Administrative Agent of such Collateral with respect to which a security interest may be perfected only by possession or control, which such security interests and Liens are currently will constitute perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted LiensEncumbrances.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and LiensLiens (other than those security interests and Liens for which Administrative Agent and Borrowers have reasonably determined that the cost of perfecting such security interests and Liens is excessive in relation to the benefit to Administrative Agent and Lenders afforded thereby), prior to all other Liens Liens, other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries, notations and other actions contemplated in the Collateral Documents perfected security interests and LiensLiens (to the extent that such security interests and Liens can be perfected by such filings, deliveries, notations and other actions contemplated in the Collateral Documents), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and LiensLiens (subject to the perfection exceptions set forth in the Collateral Documents), prior to all other Liens other than Permitted LiensLiens permitted pursuant to Section 7.01.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.. More specifically,

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently upon filing of all applicable financing statements or filing of notices with respect to intellectual property or delivery of Collateral, as applicable, and except as otherwise contemplated or otherwise not required by the Collateral Documents, will be perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create (or upon execution and delivery, will create) valid security interests in, and Liens on, the property described in and subject to the lien-granting provisions of the Collateral purported to be covered therebyDocuments, which security interests and Liens are (or upon execution and delivery, will be) currently perfected security interests and Liens, prior to all other Liens other than Permitted LiensLiens permitted under this Agreement.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently upon filing of all applicable financing statements, filing of all applicable notices with the United States Copyright Office and United States Patent and Trademark Office and delivery of Collateral, as applicable, and except as otherwise contemplated or otherwise not required by the Collateral Documents, will be perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Security Documents create a valid security interests interest in, and Liens on, the Collateral purported to be covered thereby, which security interests and subject to the Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Lienspermitted by Section 9.01.

Perfection of Security Interests in the Collateral. The Collateral Documents create a valid security interests interest in, and Liens on, the Collateral purported to be covered thereby, which security interests and subject to the Liens are currently perfected security interests and Liens, prior permitted pursuant to all other Liens other than Permitted LiensSection 7.01.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are are, subject to the proper filing of financing statements and other documents and deliverables necessary for perfection, currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected (to the extent required by the Loan Documents) security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and, subject to the filing by the Lender of appropriate financing statements (and continuation statements) authorized by the Collateral Documents, Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the property described in and subject to the lien-granting provisions of the Collateral purported to be covered therebyDocuments, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted LiensLiens permitted under this Agreement, to the extent required by such Collateral Documents.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens Xxxxx on, the property described in and subject to the lien-granting provisions of the Collateral purported to be covered therebyDocuments, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.Liens permitted under this Agreement. DOCVARIABLE BABC_DocID4891-7708-7367.4

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will, upon filing of all requisite financing statements and Mortgages, be perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected First Priority security interests and Liens, prior Liens (subject to all other Liens other than Permitted Liensthe limitations set forth in the Collateral Documents).

Perfection of Security Interests in the Collateral. The To the extent a Collateral Reinstatement has occurred, the Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are are, if required by the Collateral Documents, currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and LiensLiens (assuming all actions required for perfection to be taken by the Administrative Agent have been taken) to the extent required by the applicable Collateral Document, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected Second Priority security interests and Liens, prior Liens (subject to all other Liens other than Permitted Liensthe limitations set forth in the Collateral Documents).

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently (or, with respect to any Mortgaged Property, upon proper recordation of the Mortgage in the official real property records of the county in which such Mortgaged Property is located, will be) perfected security interests and Liens, prior to all other Liens other than Permitted LiensLiens and property not required to be perfected pursuant to the terms of the Collateral Documents.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests interests, subject to the Perfection Exceptions and Liensto the extent and in the manner required by the Collateral Documents and the Administrative Agent, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries, notations and other actions contemplated in the Collateral Documents or this Agreement perfected security interests and LiensLiens (to the extent that such security interests and Liens can be perfected by such filings, deliveries, notations and other actions contemplated in the Collateral Documents), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and, subject to the filing by the Administrative Agent of appropriate financing statements (and continuation statements) authorized by the Collateral Documents, Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently Liens, upon the recording, filing or completion of any other action required by the Collateral Documents, will be perfected security interests and Liens, prior to all other Liens other than Permitted LiensLiens on such Collateral, except to the extent that perfection of such security interests and Liens are not required by the Loan Documents.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and LiensLiens (to the extent contemplated by the Loan Documents), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently shall be perfected security interests and LiensLiens to the extent required by the Collateral Documents, prior to all other Liens other than Permitted Liens. (q) A new clause (c) is hereby added at the end of Section 7.01 of the Credit Agreement to read as follows:

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered therebythereby and described therein, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries, notations and other actions contemplated by the Collateral Documents, perfected security interests and LiensLiens (to the extent that such security interests and Liens can be perfected by such filings, deliveries, notations and other actions), prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and LiensLiens (other than those security interests and Liens for which Administrative Agent and Borrowers have reasonably determined that the cost of perfecting such security interests and Liens is excessive in relation to the benefit to Administrative Agent and Lenders afforded thereby), prior to all other Liens Liens, other than Permitted Liens.. 5.22

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, to the extent perfection may be accomplished by the filing of UCC financing statements or any other action required under the Collateral Documents, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries, notations and other actions contemplated in the Collateral Documents, perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are (or upon the making of the filings and actions in the manner and at the time required in the relevant Collateral Documents, will be) currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are are, except as otherwise provided herein or in such Collateral Documents, currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently Liens, when all filings, notices and other actions identified in the Collateral Documents have been taken, will be perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Perfection of Security Interests in the Collateral. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently will be, upon the timely and proper filings, deliveries, notations and other actions contemplated in the Collateral Documents, perfected security interests and LiensLiens (to the extent that such security interests and Liens can be perfected by such filings, deliveries, notations and other actions contemplated in the Collateral Documents), prior to all other Liens other than Permitted Liens.. 6.20