Common use of Security Interest in Collateral Clause in Contracts

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Holders of Secured PartiesObligations, andand provided that the Administrative Agent does what is required to continue the perfection of such Liens under the UCC or other applicable law, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, will Liens constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statementCollateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, any Intercreditor Agreements and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization and such Liens, will Liens constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statementCollateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens permitted by Section 6.02, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreementan agreement permitted hereunder, and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Administrative Agent has not obtained or does not maintain possession of such CollateralCollateral and (c) Liens perfected only by control, filing or recording to the extent that, despite due authorization by the applicable Loan Party, the Administrative Agent has not obtained control or has not recorded such Lien.

Security Interest in Collateral. The provisions of this Agreement and the Security Agreement, taken together with the provisions of the other Loan Documents create Documents, creates legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, andand such Liens, upon the filing a UCC of applicable financing statement in statements and applicable intellectual property security agreements and the Loan Parties’ execution of applicable jurisdiction of organization such Lienscontrol agreements, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statementCollateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Liens permitted under clauses (b), (c), (d), (e), (f) and (h)(solely to the extent the collateral in respect of such Lien is cash or Permitted EncumbrancesInvestments) of Section 6.02, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), ) or control to the extent the Administrative Agent has not obtained or does not maintain possession or control of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Collateral Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured PartiesAdministrative Agent and the holders of the Obligations, and, upon filing a following the effectiveness of the appropriate account control agreements and the registration or recordation of those filings (such as UCC financing statement in the Loan Parties’ applicable jurisdiction of organization statements) necessary to perfect such Liens, will such Liens shall constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statementCollateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreementLaw, and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral, and (c) Liens perfected only by control to the extent the Administrative Agent has not obtained control of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.. SECTION 3.14

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral granted by the Loan Parties in favor of the Administrative Agent, Agent (for the benefit of the Secured Parties), securing the Secured Obligations and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest (to the extent such Liens can be perfected by possession, by filing a UCC financing statementstatement or equivalent under each applicable jurisdiction, or by a control agreement), securing the applicable Secured Obligations, enforceable against the applicable Loan Party and all third partiesParty, and having priority over all other Liens on the Collateral except in the case of (ax) Permitted EncumbrancesLiens permitted by Section 6.02, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreementan agreement permitted hereunder, and (by) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Administrative Agent has not obtained or does not maintain possession of such CollateralCollateral and (z) Liens perfected only by control, filing or recording to the extent that Administrative Agent has not obtained control or has not recorded such lien.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, Agent and the Lenders; and upon the proper filing a of UCC financing statement in the Loan Parties’ applicable jurisdiction statements required pursuant to paragraph (l) of organization Article IV and any Mortgages with respect to Mortgaged Properties, such Liens, will Liens constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statementCollateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreementlaw, and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Administrative Agent has not obtained or does not maintain possession of such CollateralCollateral and (c) subject to and as provided for under the terms of the Intercreditor Agreement, the Liens granted under the ABL Security Documents.

Security Interest in Collateral. The Collectively, the provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization and such Liens, will Liens constitute perfected and continuing Liens on the Collateral in which a security interest can may be perfected under the UCC (except to the extent otherwise provided or permitted by filing a UCC financing statementthe Loan Documents), securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreementlaw, and (b) Liens perfected only by possession or control (including possession of any certificate of title), ) to the extent the Administrative Agent has not obtained or does not maintain possession or control of such Collateral, (c) the filing of financing statements or fixture filings or the recordation of the security agreements with respect to intellectual property, in each case which have not been made and (d) Liens which have priority by operation of law.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens permitted under Section 6.02, to the extent any such Permitted Encumbrances Liens permitted under Section 6.02 would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon the filing a of the UCC financing statement statements attached as Exhibit 3.16 in the Loan Parties’ applicable jurisdiction of organization set forth on such Liensschedule, will such Liens constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statementCollateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession or control (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession or control of such CollateralCollateral and (c) Liens on vehicles with a certificate of title.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Execution Version Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens permitted under Section 6.02, to the extent any such Permitted Encumbrances Liens permitted under Section 6.02 would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured PartiesLenders, and, upon filing a UCC financing statement in each of the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Customary Permitted EncumbrancesLiens or other Liens permitted by Section 6.04(b), to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.. SECTION 5.21. Not an EEAAffected Financial Institution. No Loan Party is an EEAAffected Financial Institution. 83 -

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured PartiesLenders, and, upon filing a UCC financing statement in each of the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Customary Permitted EncumbrancesLiens or other Liens permitted by Section 6.04(b), to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Administrative Agent and the Holders of Secured PartiesObligations, and, upon filing a following the effectiveness of the appropriate account control agreements and the registration or recordation of those filings (such as UCC financing statement in the Loan Parties’ applicable jurisdiction of organization statements) necessary to perfect such Liens, will such Liens shall constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statementCollateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreementlaw, and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral, and (c) Liens perfected only by control to the extent the Administrative Agent has not obtained control of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon the filing a of the UCC financing statement statements attached as Exhibit 3.16 in the Loan Parties’ applicable jurisdiction of organization set forth on such Liensschedule, will such Liens constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statementCollateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession or control (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession or control of such CollateralCollateral and (c) Liens on vehicles with a certificate of title. SECTION 3.17.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, Liens will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens permitted under Section 6.02, to the extent any such Permitted Encumbrances Liens permitted under Section 6.02 would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Collateral Documents create legal and valid Liens on all of the Collateral in favor favour of the Administrative Agent, for the benefit of the Administrative Agent, the Lenders and the holders of Secured PartiesObligations, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization and such Liens, will Liens constitute perfected and continuing Liens on the Collateral in which (and a security interest can be first priority perfected by filing a UCC financing statementand continuing Lien on the ABL Priority Lien Collateral), securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor favour of the Administrative Agent pursuant to any applicable law or agreement, Applicable Law and the Intercreditor Agreement and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.. ​

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization and such Liens, will Liens constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statementCollateral, securing the Secured all outstanding Obligations, enforceable against the applicable Loan Party and all third partiesParty, and having priority over all other Liens on the Collateral Collateral, except in the case of for (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreementlaw, and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral, (c) Liens perfected by filing with a Governmental Authority (other than the filing of financing statements under the UCC) to the extent any such filings have not been made, and (d) except as otherwise permitted by Section 4.2 or 4.3 of the Security Agreement.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon filing a UCC financing statement in the Loan Parties’ applicable jurisdiction of organization such Liens, will constitute perfected and continuing Liens on the Collateral in which a security interest can be perfected by filing a UCC financing statement, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, and (b) Liens perfected only by 77 possession (including possession of any certificate of title), to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.