Common use of Valid and Perfected Security Interests Clause in Contracts

Valid and Perfected Security Interests. Each Security Document delivered pursuant to this Agreement will, upon execution and delivery thereof, be effective to create in favour of the Collateral Agent for the benefit of, inter alios, the Lender Secured Parties, a legal, valid and enforceable Lien in the Collateral described therein to the extent intended to be created thereby and required to be perfected therein under the Loan Documents. In the case of the Pledged Equity Securities described in the Security Documents, when certificates representing such Pledged Equity Securities are delivered to the Collateral Agent, and in the case of the other Collateral described in the Security Documents, when financing statements and other filings in appropriate form are filed in the offices of the appropriate Governmental Authority in the jurisdictions specified in Schedule J, the Liens created by the Security Documents shall constitute fully perfected first priority Liens on, and security interests in (to the extent intended to be created thereby and required to be perfected under the Loan Documents and subject only to Permitted Liens which under Applicable Law rank in priority thereto)) all rights, title and interest of the Obligors and the Pledgors in such Collateral, as security for, inter alios, the Lender Secured Obligations, in each case free and clear of any Liens other than Permitted Liens.

Valid and Perfected Security Interests. Each Security Document delivered pursuant to this Agreement willis or, upon execution and delivery thereof, will be effective to create in favour of the Collateral Agent for the benefit of, inter alios, of the Lender Secured Parties, a legal, valid and enforceable Lien security interest in the Collateral described therein to the extent intended to be created thereby and required to be perfected therein under the Loan Documents. In the case of the Investment Property Collateral or the Pledged Equity Securities described in the applicable Security Documents, when certificates representing such Investment Property Collateral or Pledged Equity Securities are delivered to the Collateral Agent, and in the case of the other Collateral described in the Security Documents, when financing statements and other filings in appropriate form are filed in the offices of the appropriate Governmental Authority in the jurisdictions specified in Schedule JI, the Liens created by the Security Documents shall constitute fully perfected first priority Liens on, and security interests in (to the extent intended to be created thereby and required to be perfected under the Loan Documents and subject only to Permitted Liens which under Applicable Law rank in priority thereto)) all rights, title and interest of the Obligors and the Parent Pledgors in such Collateral, as security for, inter alios, for the Lender Secured Obligations, in each case free and clear of any Liens other than Permitted Liens.

Valid and Perfected Security Interests. Each Security Document delivered pursuant to this Agreement will, upon execution and delivery thereof, be effective to create in favour of the Collateral Agent for the benefit of, inter alios, of the Lender Secured Parties, a legal, valid and enforceable Lien security interest in the Collateral described therein to the extent intended to be created thereby and required to be perfected therein under the Loan Documents. In the case of the Investment Property Collateral or the Pledged Equity Securities described in the applicable Security Documents, when certificates representing such Investment Property Collateral or Pledged Equity Securities are delivered to the Collateral Agent, and in the case of the other Collateral described in the Security Documents, when financing statements and other filings in appropriate form are filed in the offices of the appropriate Governmental Authority in the jurisdictions specified in Schedule JI, the Liens created by the Security Documents shall constitute fully perfected first priority Liens on, and security interests in (to the extent intended to be created thereby and required to be perfected under the Loan Documents and subject only to Permitted Liens which under Applicable Law rank in priority thereto)) all rights, title and interest of the Obligors and the Parent Pledgors in such Collateral, as security for, inter alios, for the Lender Secured Obligations, in each case free and clear of any Liens other than Permitted Liens.

Valid and Perfected Security Interests. Each Security Document delivered pursuant to this Agreement will, upon execution and delivery thereof, be effective to create in favour of the Collateral Agent for the benefit of, inter alios, the Lender Secured Parties, a legal, valid and enforceable Lien in the Collateral described therein to the extent intended to be created thereby and required to be perfected therein under the Loan Documents. In the case of the Pledged Equity Securities described in the Security Documents, when certificates representing such Pledged Equity Securities are delivered to the Collateral Agent, and in the case of the other Collateral described in the Security Documents, when When ‑ 88 ‑ financing statements and other filings in appropriate form are filed in the offices of the appropriate Governmental Authority in the jurisdictions specified in Schedule JH, the Liens created by the Security Documents shall constitute fully perfected first priority Liens on, and security interests in (to the extent intended to be created thereby and required to be perfected under the Loan Documents and subject only to Permitted Liens which under Applicable Law rank in priority thereto)) all rights, title and interest of the Obligors and the Pledgors in such Collateral, as security for, inter alios, the Lender Secured Obligations, in each case free and clear of any Liens other than Permitted Liens.