Security Interest of Collateral Sample Clauses

Security Interest of Collateral. The Lessee represents that no effective financing statement (other than those naming the Secured Parties as a secured party) covering all or any part of the Collateral (as defined in the Security Agreement relating to the Lessee) is on file in any public office. The Lessee shall make, or shall cause to be made, all filings and recordings, and shall take, or cause to be taken, such other actions, including filing all continuation statements, necessary to establish, preserve and perfect the Secured Parties' lien on and security interest in, the Collateral as a legal, valid and enforceable first priority lien and security interest, or purchase money security interest, as the case may be, therein, subject only to the existence or priority of any Permitted Lien, and the Lessee represents that all such filings, recordings and other actions have been duly made. The Lessee shall deliver to the Administrative Agent evidence of the due filings of any continuation statements to be delivered to the Administrative Agent within the time period specified in Section 7.05 of the Credit Agreement. In no event will the Lessee permit the Nuclear Material to enter any jurisdiction in which all necessary action has not been taken to establish, maintain and protect the Secured Parties' first priority perfected lien and security interest in the Nuclear Material under the Security Agreement, subject only to Permitted Liens.
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
Security Interest of Collateral. . . . . . . 2
Sample 1Sample 2See All (6)
Security Interest of Collateral. 4. Sale of Nuclear Material and Assignment of Rights under Nuclear Material Contracts
Sample 1Sample 2Sample 3
Security Interest of Collateral. The Lessee represents that no other financing statement (other that those naming the Secured Parties as a secured party) covering all or any part of the Collateral is on file in any public office. The Lessee shall make, or shall cause to be made, all filings and recordings, and shall take, or cause to be taken, such other actions, including filing all continuation statements, necessary to establish, preserve and perfect the Secured Parties' lien on and security interest in, the Collateral as a legal, valid and enforceable first priority lien and security interest, or purchase money security interest, as the case may be, therein, subject only to the existence or priority of any Permitted Lien, and the Lessee represents that all such filings, recordings and other actions have been duly made. The Lessee shall deliver to the Administrative Agent evidence of the due filings of any continuation statements to be delivered to the Administrative Agent within the time period specified in Section 8.05 of the Credit Agreement. In no event will the Lessee permit the Nuclear Material to enter any jurisdiction in which all necessary action has not been taken to establish, maintain and protect the Secured Parties' first priority perfected lien and security interest in the Nuclear Material under the Security Agreement, subject only to Permitted Liens.
Sample 1
Security Interest of Collateral. The Lessee represents that no other financing statement (other that those (i) naming the Secured Parties as a secured party or (ii) the Prudential Companies as a secured party which liens shall be terminated in connection with the initial issuance of Commercial Paper) covering all or any part of the Collateral (as defined in the Security Agreement relating to the Lessee) is on file in any public office. The Lessee shall make, or shall cause to be made, all filings and recordings, and shall take, or cause to be taken, such other actions, including filing all continuation statements, necessary to establish, preserve and perfect the Secured Parties' lien on and security interest in, the Collateral as a legal, valid and enforceable first priority lien and security interest, or purchase money security interest, as the case may be, therein, subject only to the existence or priority of any Permitted Lien, and the Lessee represents that all such filings, recordings and other actions have been duly made. The Lessee shall deliver to the Administrative Agent evidence of the due filings of any continuation statements to be delivered to the Administrative Agent within the time period specified in Section 8.05 of the Credit Agreement. In no event will the Lessee permit the Nuclear Material to enter any jurisdiction in which all necessary action has not been taken to establish, maintain and protect the Secured Parties' first priority perfected lien and security interest in the Nuclear Material under the Security Agreement, subject only to Permitted Liens.
Sample 1

Related to Security Interest of 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 such Liens constitute perfected and continuing Liens on the 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 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 and Collateral In order to secure the payment and performance of the Secured Obligations, the Debtor hereby grants to the Secured Party a security interest (herein called the “Security Interest”) in and to the following property (hereinafter collectively referred to as the “Collateral”): SEE EXHIBIT A ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE.

  • Security Interest in Financed Equipment Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority security interest in the Financed Equipment in favor of CNHICA as secured party or all necessary and appropriate actions have been commenced that would result in the valid perfection of a first priority security interest in the Financed Equipment in favor of CNHICA as secured party.

  • Security Interest in the Collateral To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to and Lien on all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall xxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s security interest and shall cause its financial statements to reflect such security interest. Each Borrower shall promptly provide Agent with written notice of all commercial tort claims, such notice to contain the case title together with the applicable court and a brief description of the claim(s). Upon delivery of each such notice, such Borrower shall be deemed to hereby grant to Agent a security interest and lien in and to such commercial tort claims and all proceeds thereof.

  • Impairment of Collateral Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

  • Security Interest/Priority This Security Agreement creates a valid security interest in favor of the Agent, for the benefit of the Lenders, in the Collateral of such Obligor and, when properly perfected by filing, shall constitute a valid perfected security interest in such Collateral, to the extent such security can be perfected by filing under the UCC, free and clear of all Liens except for Permitted Liens.

  • Collateral; Security Interest (a) Pursuant to the Custodial Agreement, the Custodian shall hold the Mortgage Loan Documents as exclusive bailee and agent for the Lender pursuant to terms of the Custodial Agreement and shall deliver to the Lender Trust Receipts (as defined in the Custodial Agreement) each to the effect that it has reviewed such Mortgage Loan Documents in the manner and to the extent required by the Custodial Agreement and identifying any deficiencies in such Mortgage Loan Documents as so reviewed.

  • Assignment of Collateral There is no material collateral securing any Mortgage Loan that has not been assigned to the Purchaser.

  • Security Interest in Financed Vehicles Immediately prior to the transfer of the Receivables by the Depositor to the Trust, each Receivable was secured by a valid, binding and enforceable first priority perfected security interest in favor of the Seller in the related Financed Vehicle, or all necessary and appropriate actions shall have been commenced that would result in the valid perfection of a first priority security interest in favor of the Seller in the Financed Vehicle, which security interest has been validly assigned by the Seller to the Depositor pursuant to the Receivables Purchase Agreement and by the Depositor to the Trust hereunder.

  • Security Interest in Financed Vehicle Immediately prior to the sale, transfer and assignment thereof pursuant hereto and the First Step Receivables Assignment, each Receivable was secured by a validly perfected first priority security interest in the Financed Vehicle in favor of the Seller as secured party or all necessary and appropriate action had been commenced that would result in the valid perfection of a first priority security interest in the Financed Vehicle in favor of the Seller as secured party.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!