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

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 described therein, which security interests and Liens are currently perfected security interests and Liens (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 provisions of the Collateral Documents are effective to create in favor of the Administrative Agent Agent, for its benefit and the benefit of the Secured Parties (as defined in the applicable Security Agreement), valid security interests in, and Liens on, all rights of the respective Loan Parties in the Collateral described thereinpurported to be covered thereby, which security interests and Liens are currently perfected legal, valid and enforceable security interests and Liens (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 provisions of security interest granted pursuant to the Collateral Documents are effective to create creates legal and valid Liens on the Collateral in favor of the Administrative Agent, for the benefit of the Administrative Agent valid security interests inand the Lenders, and such Liens on, all rights of the respective Loan Parties in constitute perfected and continuing Liens on the Collateral described therein, which security interests and Liens are currently perfected security interests and Liens (to the extent required pursuant to by the terms Collateral Documents and as may be perfected by the filing of the Loan Documents), a financing statement with an appropriate Governmental Authority 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 the Collateral purported to be covered thereby. Upon the filing of the respective Loan Parties appropriate financing statements in the Collateral described thereinappropriate jurisdictions, which security interests and Liens are currently the Administrative Agent shall have a perfected security interests and Liens (to the extent required pursuant to the terms of the Loan Documents)interest in such Collateral in which a security interest may be perfected by filing, 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 described therein, which security interests and Liens are currently perfected security interests and Liens (to the extent required pursuant to the terms of the Loan Documents), prior to all other Liens other than Permitted Liens.. 109