Common use of Valid Liens Clause in Contracts

Valid Liens. Each Security Document (other than the Mortgages) is, or on execution and delivery thereof by the parties thereto will be, effective to create (to the extent described therein) in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, or security interests in, the Collateral described therein to the extent required by the terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other Laws affecting creditors’ rights generally and by general principles of equity. (a) When financing statements and other filings in appropriate form are filed in the offices of the Secretary of State of each Loan Party’s jurisdiction of organization or formation and applicable documents are filed and recorded in the United States Copyright Office and the United States Patent and Trademark Office, and (b) 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 the Security Agreement), the Liens created by the Security Documents (other than the Mortgages) shall constitute to the extent required by the terms thereof fully perfected Liens on, and security interests in, all right, title and interest of the grantors in such Collateral, in each case free and clear of any Liens other than Permitted Liens.

Valid Liens. Each Security Document (other than the Mortgages) is, or on execution and delivery thereof by the parties thereto will be, effective to create (to the extent described therein) in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, or security interests in, the Collateral described therein to the extent required by the terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other Laws affecting creditors’ rights generally and by general principles of equity. , (a) When when financing statements and other filings in appropriate form are filed in the offices of the Secretary of State of each Loan Party’s jurisdiction of organization or formation and applicable documents are filed and recorded in the United States Copyright Office and the United States Patent and Trademark Office, Office and (b) 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 the Security Agreement), the Liens created by the Security Documents (other than the Mortgages) shall constitute to the extent required by the terms thereof fully perfected Liens on, and security interests in, all right, title and interest of the grantors in such Collateral, in each case free and clear of any Liens other than Permitted LiensLiens permitted by Section 7.05.

Valid Liens. Each Subject to Section 4.01(k), each Security Document (other than the Mortgages) isdelivered pursuant to Article IV, or on Section 5.10, and Section 5.11 will, upon execution and delivery thereof by the parties thereto will bethereof, be effective to create (to the extent described therein) in favor of the Collateral Agent Agent, for its benefit and the benefit of the other Secured Parties, legal, valid and enforceable Liens on, or and security interests in, all of the Credit Parties’ right, title and interest in and to the Collateral described therein thereunder under applicable Requirements of Law (to the extent required by the terms thereofhereunder and thereunder), except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other Debtor Relief Laws affecting creditors’ rights generally and by general principles of equity. equity and capital maintenance rules and (ai) When financing statements and other when appropriate filings in appropriate form or recordings are filed made in the appropriate offices as may be required under applicable Requirements of Law (to the Secretary of State of each Loan Party’s jurisdiction of organization or formation extent required hereunder and applicable documents are filed and recorded in the United States Copyright Office and the United States Patent and Trademark Officethereunder), and (bii) upon the taking of possession possession, control or control other action by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession possession, control or control other action (which possession possession, control or control other action shall be given to the Collateral Agent to the extent possession or control taken by the Collateral Agent is to the extent required by the any Security AgreementDocument), the Liens created by the Security Documents (other than the Mortgages) shall constitute in favor of Collateral Agent will, to the extent required by the terms thereof Loan Documents (including the Security Documents), constitute fully perfected Liens on, and security interests in, all right, title and interest of the grantors Credit Parties in such Collateral, in each case free under applicable Requirements of Law (to the extent required hereunder and clear of any thereunder), subject to no Liens other than the applicable Permitted Liens.

Valid Liens. Each Subject to Section 4.01(l), each Security Document (other than the Mortgages) isdelivered pursuant to Article IV, or on Section 5.10, and Section 5.11 will, upon execution and delivery thereof by the parties thereto will bethereof, be effective to create (to the extent described therein) in favor of the Collateral Agent Agent, for its benefit and the benefit of the other Secured Parties, legal, valid and enforceable Liens on, or and security interests in, all of the Credit Parties’ right, title and interest in and to the Collateral described therein thereunder under applicable Requirements of Law (to the extent required by the terms thereofhereunder and thereunder), except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other Debtor Relief Laws affecting creditors’ rights generally and by general principles of equity. equity and capital maintenance rules and (ai) When financing statements and other when appropriate filings in appropriate form or recordings are filed made in the appropriate offices as may be required under applicable Requirements of Law (to the Secretary of State of each Loan Party’s jurisdiction of organization or formation extent required hereunder and applicable documents are filed and recorded in the United States Copyright Office and the United States Patent and Trademark Officethereunder), and (bii) upon the taking of possession possession, control or control other action by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession possession, control or control other action (which possession possession, control or control other action shall be given to the Collateral Agent to the extent possession or control taken by the Collateral Agent is to the extent required by the any Security AgreementDocument), the Liens created by the Security Documents (other than the Mortgages) shall constitute in favor of Collateral Agent will, to the extent required by the terms thereof Loan Documents (including the Security Documents), constitute fully perfected Liens on, and security interests in, all right, title and interest of the grantors Credit Parties in such Collateral, in each case free under applicable Requirements of Law (to the extent required hereunder and clear of any thereunder), subject to no Liens other than the applicable Permitted Liens.

Valid Liens. Each Security Document (other than the Mortgages) is, or on execution and delivery thereof by the parties thereto will be, effective to create (to the extent described therein) in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, or security interests in, the Collateral described therein to the extent required by the terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other Laws affecting creditors’ rights generally and by general principles of equity. (a) When financing statements and other filings in appropriate form are filed in the offices of the Secretary of State of each Loan Party’s jurisdiction of organization or formation and applicable documents are filed and recorded in the United States Copyright Office and the United States Patent and Trademark Office, and (b) 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 the Security Agreement), the Liens created by the Security Documents (other than the Mortgages) shall constitute to the extent required by the terms thereof fully perfected Liens on, and security interests in, all right, title and interest of the grantors in such Collateral, in each case free and clear of any Liens other than Permitted Liens.. 1004254246v19

Valid Liens. Each EachLiens. Other than during a Collateral Suspension Period, each Security Document (other than the Mortgages) is, or on execution and delivery thereof by the parties thereto will be, effective to create (to the extent described therein) in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, or security interests in, the Collateral described therein to the extent required by the terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other Laws affecting creditors’ rights generally and by general principles of equity. , (a) When when financing statements and other filings in appropriate form are filed in the offices of the Secretary of State of each Loan Party’s jurisdiction of organization or formation and applicable documents are filed and recorded in the United States Copyright Office and the United States Patent and Trademark Office, Office and (b) 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 the Security Agreement), the Liens created by the Security Documents (other than the Mortgages) shall constitute to the extent required by the terms thereof fully perfected Liens on, and security interests in, all right, title and interest of the grantors in such Collateral, in each case free and clear of any Liens other than Permitted LiensLiens permitted by Section 7.05.

Valid Liens. Each Security Document (other than the Mortgages) is, or on execution and delivery thereof by the parties thereto will be, effective to create (to the extent described therein) in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, or security interests in, the Collateral described therein to the extent required by the terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other Laws affecting creditors’ rights generally and by general principles of equity. , (a) When when financing statements and other filings in appropriate form are filed in the offices of the Secretary of State of each Loan Party’s jurisdiction of organization or formation and applicable documents are filed and recorded in the United States Copyright Office and the United States Patent and Trademark Office, Office and (b) 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 the Security Agreement), the Liens created by the Security Documents (other than the Mortgages) shall constitute to the extent required by the terms thereof fully perfected Liens on, and security interests in, all right, title and interest of the grantors in such Collateral, in each case free and clear of any Liens other than Permitted LiensLiens permitted by Section 7.01.

Valid Liens. Each Security Document (other than the Mortgages) is, or on execution and delivery thereof by the parties thereto will be, effective to create (to the extent described therein) in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, or security interests in, the Collateral described therein to the extent required by the terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other Laws affecting creditors’ rights generally and by general principles of equity. (a) When financing statements and other filings in appropriate form are filed in the offices of the Secretary of State of each Loan Party’s jurisdiction of organization or formation and applicable documents are filed and recorded in the United States Copyright Office and the United States Patent and Trademark Office, and (b) 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 the Security Agreement), the Liens created by the Security Documents (other than the Mortgages) shall constitute to the extent required by the terms thereof fully perfected Liens on, and security interests in, all right, title and interest of the grantors in such Collateral, in each case free and clear of any Liens other than Permitted Liens.. 1003003016v2 #895889271003585382v58

Valid Liens. Each Security Document (other than the Mortgages) is, or on execution and delivery thereof by the parties thereto will be, effective to create (to the extent described therein) in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, or security interests in, the Collateral described therein to the extent required by the terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other Laws affecting creditors’ rights generally and by general principles of equity. (a) When financing statements and other filings in appropriate form are filed in the offices of the Secretary of State of each Loan Party’s jurisdiction of organization or formation and applicable documents are filed and recorded in the United States Copyright Office and the United States Patent and Trademark Office, and (b) 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 the Security Agreement), the Liens created by the Security Documents (other than the Mortgages) shall constitute to the extent required by the terms thereof fully perfected Liens on, and security interests in, all right, title and interest of the grantors in such Collateral, in each case free and clear of any Liens other than Permitted Liens.. 1003003016v2 #895889271003585382v5 8