Common use of Valid Liens Clause in Contracts

Valid Liens. Each Collateral Document delivered pursuant to Sections 6.11 and 6.13 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in (to the extent intended to be created thereby), all of the Loan Parties’ right, title and interest in and to the Collateral thereunder and (i) when all appropriate filings, recordings, registrations or notifications are made as may be required under applicable Law and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent required by any such Collateral Document), such Collateral Document will constitute fully perfected Liens on, and security interests in, all right, title and interest of the Loan Parties in such Collateral (to the extent required thereby), in each case subject to no Liens other than Liens permitted hereunder.

Appears in 14 contracts

Samples: Amendment Agreement (Nielsen Holdings PLC), Credit Agreement (Nielsen Holdings PLC), Credit Agreement (Nielsen Holdings PLC)

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Valid Liens. Each Collateral Document delivered pursuant to Section 4.01 and Sections 6.11 6.11, 6.13 and 6.13 6.16 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in (in, the Collateral described therein to the extent intended to be created thereby), all of the Loan Parties’ right, title and interest in and to the Collateral thereunder and (i) when all financing statements and other filings in appropriate filings, recordings, registrations or notifications form are made as may be required under applicable Law filed in the offices specified on Schedule 4 to the Perfection Certificate and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by any such Collateral Documentthe Security Agreement), such the Liens created by the Collateral Document will Documents (other than the Mortgages) shall constitute fully perfected Liens on, and security interests inin (to the extent intended to be created thereby), all right, title and interest of the Loan Parties grantors in such Collateral (to the extent required thereby)perfection can be obtained by filing financing statements or the taking of possession or control, in each case subject to no Liens other than Liens permitted hereunderby Section 7.01.

Appears in 6 contracts

Samples: Credit Agreement (CONDUENT Inc), Credit Agreement (Alight Group, Inc.), Credit Agreement (Alight Inc. / DE)

Valid Liens. Each Collateral Security Document delivered pursuant to Sections 6.11 and 6.13 Section 9.10 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in (to the extent intended to be created thereby)in, all of the Loan Credit Parties’ right, title and interest in and to the Collateral thereunder (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or law)), and (i) when all appropriate filings, recordings, registrations filings or notifications recordings are made in the appropriate offices as may be required under applicable Law law and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent required by any such Collateral Security Document), such Collateral Security Document will constitute fully perfected Liens on, and security interests in, all right, title and interest of the Loan Credit Parties in such Collateral (to the extent required thereby)Collateral, in each case subject to no Liens other than Liens permitted hereunderthe applicable Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Railamerica Inc /De), Management Shareholder Agreement (Railamerica Inc /De)

Valid Liens. Each Collateral Document delivered pursuant to Sections 6.11 and 6.13 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in (to the extent intended to be created thereby), all of the Loan Parties’ right, title and interest in and to the Collateral thereunder and (i) when all appropriate filings, recordings, registrations or notifications are made as may be required under applicable Law and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent required by any such Collateral Document), such Collateral Document Documents will constitute fully perfected Liens on, and security interests in, all right, title and interest of the Loan Parties in such Collateral (to the extent required thereby), in each case subject to no Liens other than Liens permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Activision Blizzard, Inc.)

Valid Liens. Each Collateral Document delivered pursuant to Sections 6.11 5.11 and 6.13 5.12 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Administrative Agent, for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in (to the extent intended to be created thereby)in, all of the Loan Parties’ right, title and interest in and to the Collateral thereunder thereunder, and (i) when all appropriate filings, recordings, registrations filings or notifications recordings (including financing statements) are made in the appropriate offices as may be required under applicable Law law and (ii) upon the taking of possession or control by the Collateral Administrative Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Administrative Agent to the extent required by any such Collateral Document), the Lien created under such Collateral Document will constitute fully perfected Liens on, and security interests in, all right, title and interest of the Loan Parties in such Collateral (to the extent required thereby)Collateral, in each case (other than any Collateral subject to perfection under the UCC in which a security interest cannot be perfected under the UCC as in effect at the relevant time in the relevant jurisdiction) subject to no Liens other than Liens permitted hereunderthe applicable Permitted Collateral Liens.

Appears in 1 contract

Samples: Credit Agreement (Kendle International Inc)

Valid Liens. Each Collateral Document Document, including without limitation the Mortgages, delivered pursuant to Sections 6.11 7.11 and 6.13 7.20 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in (to the extent intended to be created thereby)in, all of the Loan Parties’ right, title and interest in and to the Collateral thereunder thereunder, and (i) when all appropriate filings, recordings, registrations filings or notifications recordings are made in the appropriate offices as may be required under applicable Law law and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which such possession or control shall be given to the Collateral Agent to the extent required by any such Collateral Document), such Collateral Document will constitute fully perfected Liens on, and security interests in, all right, title and interest of the Loan Parties in such Collateral (to the extent required thereby)Collateral, in each case subject to no Liens other than Customary Permitted Liens or other Liens permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Wendy's/Arby's Group, Inc.)

Valid Liens. Each Collateral Document delivered pursuant to Sections 6.11 and 6.13 Section 5.10 will, upon execution and delivery thereof, be effective to create in favor of the applicable Collateral Agent, for the benefit of the applicable Secured Parties, legal, valid and enforceable Liens on, and security interests in (to the extent intended to be created thereby)in, all of the Loan Parties' right, title and interest in and to the Collateral thereunder for which such Collateral Document creates a security interest thereunder, and (i) when all appropriate filings, recordings, registrations filings or notifications recordings are made in the appropriate offices as may be required under applicable Law law and (ii) upon the taking of possession or control by the applicable Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the applicable Collateral Agent to the extent required by any such Collateral Document), such Collateral Document will constitute fully perfected Liens on, and security interests in, all right, title and interest of the Loan Parties in such Collateral (to the extent required thereby), in each case subject to no Liens other than Liens permitted hereunderCollateral.

Appears in 1 contract

Samples: Credit Agreement (Samsonite Corp/Fl)

Valid Liens. Each Collateral Document delivered pursuant to Section 4.01 and Sections 6.11 6.11, 6.13 and 6.13 6.16 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, Agent for the benefit of the applicable Secured Parties, legal, valid and enforceable Liens on, and security interests in (in, the Collateral described therein to the extent intended to be created thereby), all of the Loan Parties’ right, title and interest in and to the Collateral thereunder and (i) when all financing statements and other filings in appropriate filings, recordings, registrations or notifications form are made as may be required under applicable Law filed in the offices specified on Schedule 6 to the Perfection Certificate and (ii) upon the taking of possession or control by the Collateral Agent (or, to the extent constituting Cash Flow Priority Collateral, the Cash Flow Collateral Agent as bailee for the Collateral Agent pursuant to the ABL Intercreditor Agreement) of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by any such Collateral Documenta Security Agreement), such the Liens created by the Collateral Document will Documents (other than the Mortgages) shall constitute fully perfected Liens on, and security interests inin (to the extent intended to be created thereby), all right, title and interest of the Loan Parties grantors in such Collateral (to the extent required thereby)perfection can be obtained by filing financing statements or the taking of possession or control, in each case subject to no Liens other than Liens permitted hereunderby Section 7.01.

Appears in 1 contract

Samples: Credit Agreement (Gates Industrial Corp PLC)

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Valid Liens. Each Collateral Document delivered pursuant to Sections 6.11 and 6.13 hereto and sections of the Restatement Agreement is effective or will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in (in, the Collateral described therein to the extent intended to be created thereby), all of the Loan Parties’ right, title and interest in and to the Collateral thereunder and (i) when all financing statements and other filings in appropriate filings, recordings, registrations or notifications form are made as may be required under applicable Law filed in the offices specified in the Perfection Certificate and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by any such Collateral Documentthe Security Agreement), such the Liens created by the Collateral Document will Documents shall constitute fully perfected Liens on, and security interests inin (to the extent intended to be created thereby), all right, title and interest of the Loan Parties grantors in such Collateral (to the extent required thereby)perfection can be obtained by filing financing statements or the taking of possession or control, in each case subject to no Liens other than Liens permitted hereunderby Section 7.01.

Appears in 1 contract

Samples: Credit Agreement (Summit Materials, LLC)

Valid Liens. Each Collateral Document delivered pursuant to Section 4.01 and Sections 6.10, 6.11 and 6.13 6.14 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in (in, the Collateral described therein to the extent intended to be created thereby), all of the Loan Parties’ right, title and interest in and to the Collateral thereunder thereby and (i) when all financing statements and other filings in appropriate filings, recordings, registrations or notifications form are made as may be required under applicable Law filed in the offices specified on Schedule II to the Security Agreement and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by any such Collateral Documentthe Security Agreement), such the Liens created by the Collateral Document will Documents (other than the Mortgages) shall constitute fully perfected Liens on, and security interests inin (to the extent intended to be created thereby), all right, title and interest of the Loan Parties grantors in such Collateral (to the extent required thereby)perfection can be obtained by filing financing statements, possession or control, in each case subject to no Liens other than Liens permitted hereunderunder this Agreement. Apria, Inc. has requested confidential treatment of this registration statement and associated correspondence pursuant to Rule 83 of the Securities and Exchange Commission.

Appears in 1 contract

Samples: Credit Agreement (Apria, Inc.)

Valid Liens. Each Collateral Document delivered pursuant to Sections 6.11 and 6.13 hereto and sections of the Restatement Agreement is effective or will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in (in, the Collateral described therein to the extent intended to be created thereby), all of the Loan Parties’ right, title and interest in and to the Collateral thereunder and (i) when all financing statements and other filings in appropriate filings, recordings, registrations or notifications form are made as may be required under applicable Law filed in the offices specified in the Perfection Certificate and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by any such Collateral Documentthe Security Agreement), such the Liens created by the Collateral Document will Documents shall constitute fully perfected Liens on, and security interests inin (to the extent intended to be created thereby), all right, title and interest of the Loan Parties grantors in such Collateral (to the extent required thereby)perfection can be obtained by filing financing statements or the taking of possession or control, in each case subject to no Liens other than Liens permitted hereunder.by Section 7.01. 117

Appears in 1 contract

Samples: Credit Agreement (Summit Materials, LLC)

Valid Liens. Each Collateral Document delivered pursuant to Section 4.01 and Sections 6.11 6.11, 6.13 and 6.13 6.16 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in (in, the Collateral described therein to the extent intended to be created thereby), all of the Loan Parties’ right, title and interest in and to the Collateral thereunder and (i) when all financing statements and other filings in appropriate filings, recordings, registrations or notifications form are made as may be required under applicable Law filed in the offices specified on Schedule 4 to the Perfection Certificate and (ii) upon the taking of possession or control by the Collateral Agent (or, to the extent constituting Term Loan/Notes Priority Collateral, the Term Loan Collateral Agent as bailee for the Collateral Agent pursuant to the ABL Intercreditor Agreement) of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by any such Collateral Documentthe Security Agreement), such the Liens created by the Collateral Document will Documents (other than the Mortgages) shall constitute fully perfected Liens on, and security interests inin (to the extent intended to be created thereby), all right, title and interest of the Loan Parties grantors in such Collateral (to the extent required thereby)perfection can be obtained by filing financing statements or the taking of possession or control, in each case subject to no Liens other than Liens permitted hereunderby Section 7.01.

Appears in 1 contract

Samples: Credit Agreement (DJO Finance LLC)

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