Common use of Validity and Priority of Security Interest Clause in Contracts

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in the Lender's favor and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, securing all the Obligations and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement Agreement, and the other Loan Documents create legal and valid Liens on all the Collateral in the LenderBank's favor favor, and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken taken, such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral except for the Permitted Liens, securing all the Obligations Liens identified in Section 7.4 and enforceable against the each Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in the Lender's favor favor, and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken taken, such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral except for the Permitted Liens, securing all the Obligations Liens identified in Section 7.4 and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement Agreement, the Mortgages, and the other Loan Documents create legal and valid Liens on all the Collateral in the Lender's favor favor, and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken taken, such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral except for the Permitted Liens, securing all the Obligations Liens identified in Section 7.4 and enforceable against the each Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of ------------------------------------------ this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in the Lender's favor and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, securing all the Obligations and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender's favor Lender and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, Collateral securing all the Obligations and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement Agreement, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender's favor Agent, for the benefit of the Agent and when all proper filings, recordingsthe ratable benefit of the Lenders, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, securing all the Obligations and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in the Lender's favor favor, and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken taken, such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral except for Permitted Liens, Liens securing all the Obligations Obligations, and will be enforceable against the Borrower or ICC and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement Agreement, the Mortgages, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender's favor and when all proper filingsAgent, recordingsfor the ratable benefit of the Secured Creditors, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral except for those Permitted LiensLiens specifically identified on Schedule 7.2, securing all the Obligations Obligations, and enforceable against the applicable Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender's favor Agent, for the ratable benefit of the Agent and when all proper filings, recordingsthe Lenders, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, securing all the Obligations Obligations, and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender's favor Agent, for the rateable benefit of the Agent and when all proper filings, recordings, the Lenders and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Collateral (other than Permitted Liens, ) securing all the Obligations and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender's favor and when all proper filings, recordings, and subject to no other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the CollateralLiens, except for Permitted Liens, securing all the Obligations and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement Agreement, the Mortgages, and the other Loan Documents create legal and valid Liens on all the Collateral, Pledged Collateral and Guarantor Collateral, in favor of the Lender's favor and when all proper filingsAgent, recordingsfor the ratable benefit of the Lenders, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, Pledged Collateral and Guarantor Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, securing all the Obligations and enforceable against the Borrower and all third parties.(other than Permitted

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender's favor Agent, for the ratable benefit of the Agent and when all proper filings, recordingsthe Lenders, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having the priority over all other Liens on set forth in the CollateralInterim Order or the Final Order, except for Permitted Liens, securing all the Obligations and enforceable against the Borrower and all third partiesas applicable.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in the Lender's favor favor, and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken taken, such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, securing all the Obligations Collateral and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement Agreement, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender's favor and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liensthose Liens identified in Section 7.01(c), securing all the Obligations (d) and (e), and enforceable against the Borrower and other Loan Parties and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in the Lender's favor favor, and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken taken, such Liens will shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, securing all the Obligations Collateral and enforceable against the Borrower each Option Care Person and all third partiesother Persons.

Validity and Priority of Security Interest. The provisions of this Agreement Agreement, the Mortgages, and the other Loan Documents create legal and valid Liens on all the Collateral in the LenderAgent's favor for its benefit and when all proper filings, recordingsthe benefit of Lenders, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral except for those Permitted LiensLiens specifically identified on Schedule 7.2, securing all the Obligations Obligations, and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in the Lender's favor favor, and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken taken, such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral except for the Permitted Liens, securing all the Obligations Liens identified in Section 6.4 and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender's favor Lender and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, Collateral securing all the Obligations Obligations, and enforceable against the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this ------------------------------------------ Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in the Lender's favor favor, and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken taken, such Liens will shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, securing all the Obligations Collateral and enforceable against the each Borrower Party and all third partiesother Persons.

Validity and Priority of Security Interest. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender's favor Agent, for the ratable benefit of the Agent and when all proper filings, recordingsthe Lenders, and other actions necessary to perfect such Liens have been made or taken such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for Permitted Liens, securing all the Obligations Obligations, and enforceable against the Borrower Loan Parties and all third parties.