Security Agreement Collateral Sample Clauses
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Security Agreement Collateral. The provisions of the Security Documents upon execution and delivery thereof are effective to create in favor of the Collateral Agent or, as the case may be, the UK Security Trustee for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all right, title and interest of the applicable Credit Party in the Collateral (other than the Collateral described in the Mortgages) owned by such Credit Party, and the Collateral Security Agreement, the Intercreditor Agreement, the Pledge Agreement and the UK Security Documents, together with the filings of Form UCC-1 (or other similar filing, if any) in all relevant jurisdictions and delivery of all possessory collateral create a first lien on, and security interest in (or similar interest in respect of), all right, title and interest of the Borrower and such Credit Parties in all of the Collateral described therein, subject to no other Liens other than Permitted Liens. Except for titled vehicles, vessels and other collateral which may not be perfected through the filing of financing statements under the Uniform Commercial Code (or similar applicable law) of the appropriate jurisdiction (or similar filings in each relevant jurisdiction) and which have an aggregate fair market value of less than $5,000,000, and except for patents, trademarks, trade names and copyrights to the extent perfection would require filing in any foreign jurisdiction, all such Liens are perfected Liens (or similar legal status). The recordation in the United States Patent and Trademark Office and in the United States Copyright Office of assignments for security made pursuant to the Collateral Security Agreement will be effective, under Federal law, to perfect the security interest granted to the Collateral Agent for the benefit of the Secured Parties in the trademarks, patents and copyrights covered by such the Collateral Security Agreement. The recordation with the United States Surface Transportation Board of assignments for security made pursuant to the Security Agreement will be effective under Federal law, to create a valid first lien in favor of the Collateral Agent in the railcars covered by the Collateral Security Agreement
Security Agreement Collateral. The provisions of the Security Agreement and each Additional Security Agreement are effective to create in favor of Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of Borrower and the Subsidiary Guarantors in the Collateral described therein, and the Security Agreement and each Additional Security Agreement, together with the filings of Form UCC-1 and the recordation in the United States Patent and Trademark Office, as described in the next succeeding sentence, as well as other filings that have been made and are in full force and effect, create a fully perfected first lien on, and security interest in, all right, title and interest of Borrower and the Subsidiary Guarantors in all of the Collateral described therein (except as expressly set forth in the Security Agreement or any Additional Security Agreement), subject to no other Liens other than Permitted Filings (as defined in the Security Agreement) and Permitted Liens. The recordation in the United States Patent and Trademark Office of assignments for security made pursuant to the Security Agreement and each Additional Security Agreement, together with filings on Form UCC-1 made pursuant to the Security Agreement and each Additional Security Agreement, will be effective, under Federal law, to perfect the security interest granted to Collateral Agent in the patents and patent applications covered by the Security Agreement and each Additional Security Agreement. The foregoing representations shall not be deemed to encompass the perfection of the security interests granted in respect of Collateral for which possession must be taken by a secured party in order to perfect its security interest under the UCC.
Security Agreement Collateral. UCC-1 financing statement to be filed with the Secretary of State of the State of Delaware naming Cinedigm DC Holdings, LLC, as debtor and Prospect Capital Corporation as Collateral Agent and as secured party for “all personal property” excluding any Excluded Property (as defined in the Term Loan Agreement dated as of February 28, 2013, by and among Cinedigm DC Holdings, LLC, Access Digital Media, Inc., Access Digital Cinema Phase 2, Corp. and each other Guarantor that is a party thereto, the Lenders party thereto, and Prospect, in its separate capacities as Administrative Agent and Collateral Agent).
Security Agreement Collateral. Each Grantor hereby irrevocably agrees to consent to any such involuntary transfer of control upon the request of the Collateral Agent after and during the continuation of any Material Event of Default, and, without limiting any rights of the Collateral Agent under this Agreement, to authorize the Collateral Agent to nominate a trustee or receiver to assume control of the Security Agreement Collateral, subject only to required judicial, FCC or other consent required by Governmental Authorities, in order to effectuate the transactions contemplated in this SECTION 10.14. Such trustee or receiver shall have all the rights and powers as provided to it by law or court order, or to the Collateral Agent under this Agreement. Each Grantor shall cooperate fully in obtaining the consent of the FCC and the approval or consent of each other Governmental Authority required to effectuate the foregoing.
Security Agreement Collateral. Notwithstanding anything to the contrary contained in this Indenture, the Senior Credit Facility or the Security Documents, to the extent that the representations, warranties and covenants contained in this Indenture, in the Senior Credit Facility or in the Security Documents with respect to Collateral are at any time incorrect (in the case of representations or warranties) or are not complied with (in the case of covenants), then in each case so long as the aggregate fair market value of all Collateral under the Security Documents with respect to which such representations or warranties are incorrect, or covenants are not complied with, does not exceed $10,000,000 the existence of such circumstances shall be deemed not to be a violation of this Indenture or constitute a Default under Article VI.
Security Agreement Collateral. The provisions of the Security Agreement are effective to create in favor of Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of each Credit Party in the Collateral, and the Security Agreement, together with the timely filings of Form UCC-1 creates a fully perfected first lien on, and security interest in, all right, title and interest of each Credit Party in all of the Collateral (other than trademarks, patents and copyrights) described therein, subject to no other Liens other than Permitted Liens. The recordation in the United States Patent and Trademark Office and in the United States Copyright Office of grants of security interests made pursuant to the Security Agreement, together with filings on Form UCC-1 made pursuant to the Security Agreement, will be effective, under Federal law, to perfect the 102 109 security interest granted to Agent in the registered trademarks, patents and copyrights covered by the Security Agreement, and the filing of grants of security interests made pursuant to the Security Agreement, with the United States Copyright Office together with filings on Form UCC-1 made pursuant to the Security Agreement, will be effective under Federal law to perfect the security interest granted to Collateral Agent in the registered copyrights covered by the Security Agreement. Each Credit Party has good and marketable title to, or rights in, all Security Agreement Collateral, free and clear of all Liens except Permitted Liens.
Security Agreement Collateral. The provisions of each Security Agreement are effective to create in favor of Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of the relevant Credit Party in the Collateral, and each Security Agreement, together with the timely filings of Form UCC-1 creates a fully perfected first lien on, and security interest in, all right, title and interest of the relevant Credit Party in all of the Collateral described therein, subject to no other Liens other than Permitted Liens. Each Credit Party has good and marketable title to, or rights in, all Collateral, free and clear of all Liens except Permitted Liens.
Security Agreement Collateral. Upon entry of each Financing Order, the provisions of each Security Agreement are effective to create in favor of Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of the relevant Credit Party in the Collateral, subject to no other prior Liens other than Permitted Senior Liens and the Carve-Out Reserve. Each Credit Party has good and marketable title to, or rights in, all Collateral, free and clear of all Liens except Permitted Liens and the Carve-Out Reserve.
Security Agreement Collateral. Receipt by the Collateral Agent of evidence that all actions necessary or, in the reasonable opinion of the Collateral Agent, desirable to perfect (or maintain the perfection of) and protect the security interests purported to be created (or maintained) by the Security Agreement have been taken or provided for.
Security Agreement Collateral. The provisions of the Security Agreements upon execution and delivery thereof are effective to create in favor of the Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of the applicable Credit Party in the Collateral (other than the Collateral described in the Mortgages) owned by such Credit Party, and the Security Agreements, together with the filings of Form UCC-1 (or other similar filing, if any) in all relevant jurisdictions and delivery of all possessory collateral create a first lien on, and security interest in (or similar interest in respect of), all right, title and interest of the Borrower and such Credit Parties in all of the Collateral described therein, subject to no other Liens other than Permitted Liens. All such Liens are fully perfected Liens (or similar legal status). The recordation in the United States Patent and Trademark Office and in the United States Copyright Office of assignments for security made pursuant to the Security Agreements will be effective, under Federal law, to perfect the security interest granted to the Collateral Agent for the benefit of the Secured Creditors in the trademarks, patents and copyrights covered by such the Security Agreements. Each Credit Party has good and marketable title to, or rights in, all Security Agreement Collateral, free and clear of all Liens except Permitted Liens.