Common use of Rights in Collateral; Priority of Liens Clause in Contracts

Rights in Collateral; Priority of Liens. All of the Collateral of each Loan Party is owned or leased by it free and clear of any and all Liens in favor of third parties, other than Liens in favor of Agent and other than Permitted Liens. Upon the proper filing of financing statements, the Liens in the Collateral granted by the Loan Parties pursuant to the Loan Documents constitute valid, enforceable and perfected first priority Liens on the Collateral (subject only to Permitted Liens) to the extent perfection can be accomplished by such filings.

Rights in Collateral; Priority of Liens. All of Borrower and each other Loan Party own the property granted by it as Collateral under the Collateral of each Loan Party is owned or leased by it Documents, free and clear of any and all Liens in favor of third parties, other than . The Liens in favor of Agent and other than Permitted Liens. Upon the proper filing of financing statements, the Liens in the Collateral granted by the Loan Parties pursuant to the Loan Collateral Documents constitute validvalid and enforceable first, enforceable prior and perfected first priority Liens on the Collateral (subject only to Permitted Liens) to in favor of Agent, for the extent perfection can be accomplished by such filingsratable benefit of Agent and Lenders.

Rights in Collateral; Priority of Liens. All of the Collateral of each Loan Party is owned or leased by it free and clear of any and all Liens in favor of third parties, other than Liens in favor of Agent the Administrative Agent, for the benefit of itself and other than the Lenders, and Permitted Liens. Upon the proper filing of the financing statementsand termination statements specified in Section 5.1(a)(i), the Liens in the Collateral granted by the each Loan Parties Party pursuant to the Loan Documents constitute valid, enforceable and perfected first priority Liens on the Collateral (subject only to Permitted Liens) to the extent perfection can be accomplished by such filingsLiens on Collateral other than Receivables).

Rights in Collateral; Priority of Liens. All of The Borrower and each other Loan Party executing any Collateral Document owns the property granted by it as Collateral under the Collateral of each Loan Party is owned or leased by it Documents, free and clear of any and all Liens in favor of third parties, other than Liens in favor of Agent and other than Permitted Liens. Upon the proper filing delivery of financing statementsstock certificates evidencing such Collateral, the Liens in the Collateral granted by the Loan Parties pursuant to the Loan Collateral Documents will constitute validvalid and enforceable first, enforceable prior and perfected first priority Liens on the Collateral (subject only to Permitted Liens) to in favor of the extent perfection can be accomplished by such filingsAdministrative Agent, for the ratable benefit of the Secured Parties.

Rights in Collateral; Priority of Liens. All of the Collateral of each Loan Party is owned or leased by it free and clear of any and all Liens in favor of third parties, other than Liens in favor of Agent and other than Permitted Liens. Upon the proper filing of the financing and termination statements, as applicable, the Liens in the Collateral granted by the Loan Parties pursuant to the Loan Documents constitute valid, enforceable and and, to the extent such Liens may be perfected by such filing, perfected first priority Liens on the Collateral (subject only to Permitted Liens) to the extent perfection can be accomplished by such filings).