Common use of Secured, Super-Priority Obligations Clause in Contracts

Secured, Super-Priority Obligations. (a) On and after the Closing Date, the provisions of the Loan Documents and the Final Order are effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, legal, valid and perfected Liens on and security interests (having the priority provided for herein and in the Final Order) in all right, title and interest in the Collateral, enforceable against each Credit Party that owns an interest in such Collateral.

Appears in 2 contracts

Samples: Credit Agreement (Delta Air Lines Inc /De/), Possession Credit Agreement (Delta Air Lines Inc /De/)

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Secured, Super-Priority Obligations. (a) On and after the Closing Date, the provisions of the Loan Documents and the Final Order Orders are effective to create in favor of the Administrative Collateral Agent, for the benefit of the Secured Parties, legal, valid and perfected Liens on and security interests (having the priority provided for herein and in the Final OrderOrders) in all right, title and interest in the Collateral, enforceable against each Credit Loan Party that owns an interest in such Collateral.

Appears in 1 contract

Samples: Credit Agreement (Buffets Holdings, Inc.)

Secured, Super-Priority Obligations. (a) On and after the Closing Date, the provisions of the Loan Documents and the Final Order are effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, legal, valid and perfected Liens on and security interests (having the priority provided for herein and in the Final Order) in all right, title and interest in the Collateral, enforceable against each Credit Party Grantor that owns an interest in such Collateral.

Appears in 1 contract

Samples: Kasper a S L LTD

Secured, Super-Priority Obligations. (a) On and after the Closing Date, the provisions of the Loan Documents and the Final Order Orders are effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, legal, valid and perfected Liens on and security interests (having the priority provided for herein and in the Final OrderOrders) in all right, title and interest in the Collateral, enforceable against each Credit Party that owns an interest in such Collateral.

Appears in 1 contract

Samples: Possession Credit Agreement (Delta Air Lines Inc /De/)

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Secured, Super-Priority Obligations. (a) On and after the Closing Date, the provisions of the Loan Documents and the Final Order Orders are effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, legal, valid and perfected Liens on and security interests (having the priority provided for herein and in the Final OrderOrders) in all right, title and interest in the Collateral, enforceable against each Credit Party Obligor that owns an interest in such Collateral.

Appears in 1 contract

Samples: Possession Credit Agreement (Champion Enterprises Inc)

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