Common use of Status of Security Interest Clause in Contracts

Status of Security Interest. (a) subject to the limitations set forth in subsection (b) of this Section 6.4, each Grantor shall maintain the security interest of the Collateral Trustee hereunder in all Collateral in the United States as valid, perfected, first priority Liens (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. (a) subject Subject to the limitations set forth in subsection (b) of this Section 6.4, each Grantor shall maintain the security interest of the Collateral Trustee Agent hereunder in all Collateral in the United States as valid, perfected, first priority Liens (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. (a) subject to the limitations set forth in subsection (b) of this Section 6.4, each Grantor shall maintain the security interest of the Collateral Trustee hereunder in all Collateral in the United States as valid, perfected, first priority Liens (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. (a) subject to the limitations set forth in subsection (b) of this Section 6.4, each Grantor shall maintain the security interest of the Collateral Trustee Administrative Agent hereunder in all Collateral in the United States as valid, perfected, first priority Liens (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. (a) subject Subject to the limitations set forth in subsection (b) of this Section 6.46.4 and subject to Section 4 hereof, each Grantor shall maintain the security interest of the Collateral Trustee Administrative Agent hereunder in all Collateral owned by such Grantor, or in the United States which such Grantor has rights, as valid, perfected, first priority Liens (subject, in the case of priority only, subject 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.