Common use of Security Interest of Collateral Clause in Contracts

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.

Security Interest of Collateral. The Lessee represents that no effective other financing statement (other than that 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 LesseeAgreement) 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 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.