Power; Authority. Debtor has the lawful right, power, and authority to grant the Security Interest in the Collateral. This Agreement, together with all filings and other actions necessary or desirable to perfect and protect such security interest, which have been duly taken, create a valid and perfected first priority security interest in the Collateral securing the payment and performance of the Obligations.
Appears in 6 contracts
Samples: Contribution Agreement (Prime Medical Services Inc /Tx/), Assignment and Security Agreement (American Physicians Service Group Inc), Assignment and Security Agreement (American Physicians Service Group Inc)
