Common use of Security Interests in Collateral Clause in Contracts

Security Interests in Collateral. Evidence satisfactory -------------------------------- to Agent that Borrower Parties shall have taken or caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments, and made or caused to be made all such filings and recordings (other than the filing or recording of items described in subsections (B), (C) and (D) below) that may be necessary or, in the opinion of Agent, desirable in order to create in favor of Agent, for the benefit of Banks, a valid and (upon such filing and recording) perfected Lien on the Collateral. Such actions shall include the following:

Security Interests in Collateral. Evidence satisfactory -------------------------------- to Administrative Agent that Borrower Parties shall have taken or caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments, and made or caused to be made all such filings and recordings (other than the filing or recording of items described in subsections (B), (C) and (D) below) that may be necessary or, in the opinion of Administrative Agent, desirable in order to create in favor of Administrative Agent, for the benefit of Banks, a valid and (upon such filing and recording) perfected Lien on the Collateral. Such actions shall include the following: