Common use of Status of Security Interest Clause in Contracts

Status of Security Interest. Subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof, each Grantor shall maintain the security interest of Administrative Agent hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority Liens (subject to Permitted Liens).

Status of Security Interest. (a) Subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of Administrative Agent the Priority Lien Collateral Trustee hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority Liens (subject to Permitted Liens). (b) Notwithstanding the foregoing, no Grantor shall be required to take any action to perfect any Collateral that can only be perfected by Control except as and to the extent specified in Section 4 hereof.

Status of Security Interest. (a) Subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of Administrative the Collateral Agent hereunder in all Pledged Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority Liens (subject to Permitted Liens). (b) Notwithstanding the foregoing, no Grantor shall be required to take any action to perfect any security interest in any Pledged Collateral that can only be perfected by Control except as and to the extent specified in Section 4 hereof.

Status of Security Interest. Subject subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of the Administrative Agent hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority Liens (subject subject, in the case of priority only, to Permitted Liens).

Status of Security Interest. (a) Subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of Administrative Agent the Collateral Trustee hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority Liens (subject to Permitted Liens). (b) Notwithstanding the foregoing, no Grantor shall be required to take any action to perfect any Collateral that can only be perfected by (i) Control or (ii) federal or foreign filings with respect to Intellectual Property, in each case except as and to the extent specified in Section 4.

Status of Security Interest. (a) Subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of Administrative Agent the Parity Lien Collateral Trustee hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first second priority Liens (subject to Permitted LiensLiens ). (b) Notwithstanding the foregoing, no Grantor shall be required to take any action to perfect any Collateral that can only be perfected by Control except as and to the extent specified in Section 4 hereof.

Status of Security Interest. (a) Subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of Administrative the Collateral Agent hereunder in all Pledged Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority Liens (subject to Permitted Liens); and (b) Notwithstanding the foregoing, no Grantor shall be required to take any action to perfect any security interest in any Pledged Collateral that can only be perfected by Control except as and to the extent specified in Section 4 hereof.

Status of Security Interest. (a) Subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of Administrative the Collateral Agent hereunder in all Pledged Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority valid and perfected Liens (subject to Permitted Liens). (b) Notwithstanding the foregoing, no Grantor shall be required to take any action to perfect any security interest in any Pledged Collateral that can only be perfected by Control except as and to the extent specified in Section 4 hereof.

Status of Security Interest. Subject (a) subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of Administrative Agent the Collateral Trustee hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, the United States as valid, perfected, first priority Liens (subject subject, in the case of priority only, to Permitted Prior Liens). (b) notwithstanding the foregoing, no Grantor shall be required to take any action to maintain the security interest of the Collateral Trustee hereunder, except those actions required to be taken under Article 4 and Section 7.2 hereof.

Status of Security Interest. Subject (a) subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of Administrative Agent the Collateral Trustee hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, the United States as valid, perfected, first priority Liens (subject subject, in the case of priority only, to Priority Liens and Permitted Prior Liens). (b) notwithstanding the foregoing, no Grantor shall be required to take any action to maintain the security interest of the Collateral Trustee hereunder, except those actions required to be taken under Article 4 and Section 7.2 hereof.

Status of Security Interest. Subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to rights to sell, transfer or assign permitted under Section 4 hereof6.5(b), each Grantor shall maintain the security interest of Administrative the Collateral Agent hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority Liens (subject subject, in the case of priority only, to Permitted Liens).

Status of Security Interest. Subject to the limitations set forth in subsection (bSection 6.4 hereof and Section 5.09(c) of this Section 6.4 and subject to Section 4 hereofthe Credit Agreement, each Grantor shall maintain the security interest of Administrative the Collateral Agent hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority Liens (subject subject, in the case of priority only to Permitted Prior Liens).

Status of Security Interest. Subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of Administrative the Collateral Agent hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority Liens (subject subject, in the case of priority only, to Permitted Liens).

Status of Security Interest. (a) Subject to the limitations set forth in subsection (b) of this Section 6.4 and subject to Section 4 hereof6.4, each Grantor shall maintain the security interest of Administrative the Collateral Agent hereunder in all Collateral owned by such Grantor, or in which such Grantor has rights, as valid, perfected, first priority Liens (subject subject, in the case of priority only, to Permitted Liens). (b) Notwithstanding the foregoing, no Grantor shall be required to take any action to perfect any Collateral that can only be perfected by Control except as and to the extent specified in Section 4 hereof.