Security of Borrower. Subject to the Security Documents, the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in the Collateral specified in the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 3 contracts
Samples: Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.)
Security of Borrower. Subject to the Security Documents, the Borrower hereby covenants that the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in the Collateral specified in the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 2 contracts
Samples: Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.)
Security of Borrower. Subject to the Security Documents, the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens permitted hereunder which are entitled to priority under applicable law) in the Collateral specified in the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 2 contracts
Samples: Credit Agreement (SeaCube Container Leasing Ltd.), Credit Agreement (Seacastle Inc.)
Security of Borrower. Subject to the Security Documents, the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) Liens), perfected security interest in the Collateral specified in the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 2 contracts
Samples: Credit Agreement (Textainer Group Holdings LTD), Credit Agreement (Textainer Group Holdings LTD)
Security of Borrower. Subject to the Security Documents, All of the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens that are entitled to priority under applicable law) in all of the assets of the Borrower constituting Collateral specified in the Security Documents(which shall include, without limitation, all Eligible Containers, Direct Finance Lease Receivables, and all products and proceeds thereof), whether now owned or hereafter acquired, pursuant to the terms of of, and as provided in, the Security Documents to which the Borrower is a partyDocuments.
Appears in 2 contracts
Samples: Term Loan Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.)
Security of Borrower. Subject to the Security Documents, the The Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawlaw or other liens which are or have been consented to by the Agent and the Majority Banks) in all of the Collateral specified in owned by the Security DocumentsBorrower, whether now owned or hereafter acquired, pursuant to the terms including all capital stock of the Security Documents to which the Borrower is a party.the
Appears in 1 contract
Security of Borrower. Subject to the Security Documents, the The Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the Collateral specified in assets of the Security DocumentsBorrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.. Without limiting the generality of the foregoing, the Obligations shall be secured by the following:
Appears in 1 contract
Samples: Construction and Term Loan Agreement (Trailer Bridge Inc)
Security of Borrower. Subject to the Security Documents, the The Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in the Collateral specified in the Security Documents, whether now owned or hereafter acquiredCollateral, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.
Appears in 1 contract
Security of Borrower. Subject to In accordance with the Security Documents, the Obligations are and shall continue to at all times be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawLiens) in the Collateral specified in the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.
Appears in 1 contract
Samples: Term Loan Agreement (TAL International Group, Inc.)