Security Documents and Collateral Sample Clauses

Security Documents and Collateral. The Security Documents are effective to grant to the Agent a valid and enforceable security interest in the Collateral described therein to the extent a valid and enforceable security interest in such Collateral may be created under applicable law and, when financing statements in appropriate form are filed in the offices specified on Schedule 5.21, or in such other locations as are set forth in a written notice from the Borrowers to the Agent, such security interest shall constitute a fully-perfected first priority security interest in such Collateral to the extent a security interest in such Collateral can be perfected under the Uniform Commercial Code or other applicable law by the filing of financing statements. The Collateral secures any and all Obligations of the Borrowers to the Agent and the Lenders, whether such Obligations currently exist or hereafter arise.

Security Documents and Collateral. Upon execution and delivery, the Security Documents will be effective to grant a legal, valid and enforceable Lien on or security title in and security interest in all of the Company’s right, title and interest and the right, title and interest of each Subsidiary of the Company party thereto in the Collateral subject to any necessary registrations, lodgments and filings. Upon due and timely filing and/or recording of the financing statements, or other registrations or lodgments in the relevant jurisdiction with respect to the Collateral described in the Security Documents (including deposit accounts in jurisdictions where the security interests over deposit accounts will be perfected by registration), subject to Permitted Liens the security interests granted thereby will constitute valid, perfected first-priority liens on and security interests in the Collateral, to the extent such Liens and security interests can be perfected by the filing and/or recording, as applicable, of financing statements such other registrations, lodgments and filings required thereby in favor of the Collateral Agent, for the benefit of itself, and the holders of the Securities, and such liens and security interests will be enforceable in accordance with the terms contained therein against all creditors of any grantor or mortgagor and subject only to liens expressly permitted to be incurred or exist on the Collateral under the Transaction Documents (“Permitted Liens”). The Company and its subsidiaries collectively own, have rights in or have the power and authority to collaterally assign rights in or grant security interests in the Collateral, free and clear of any liens other than the Permitted Liens.

Security Documents and Collateral. SECTION 13.1. Security Documents SECTION 13.2. Recordings and Opinions SECTION 13.3. Possession, Use and Release of Collateral SECTION 13.4. Suits To Protect Collateral SECTION 13.5. Purchasers Protected SECTION 13.6. Powers Exercisable by Receiver or Trustee SECTION 13.7. Determinations Relating to Collateral SECTION 13.8. Certificates of the Company and the Guarantors SECTION 13.9. Termination of Security Interest SECTION 13.10. Reinstatement of First Priority Parties

Security Documents and Collateral. On the Satisfaction Date, the Trustee, as Collateral Agent, shall have received all Security Documents duly executed by all parties thereto and the provisions of the Security Documents shall create legal, valid and continuing second-priority Liens (subject only to Permitted Liens) on all the Collateral described therein in favor of the Collateral Agent, for the benefit of the Collateral Agent and the Purchasers securing the Obligations (as defined in the Security Documents), enforceable against Holdco, the Company and their respective Subsidiaries, as applicable, except as the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws affecting creditors’ rights generally and subject to general principles of equity, which Security Documents and Collateral shall be substantially similar to the Security Documents (as defined in the Company Credit Facilities) and Collateral (as defined in the Company Credit Facilities) provided to the Lenders (as defined in the Company Credit Facilities) under the Company Credit Facilities and shall be in form and substance satisfactory to the Purchasers in their reasonable discretion.

Security Documents and Collateral