Common use of Validity of Liens Clause in Contracts

Validity of Liens. The Security Documents shall be effective to create in favor of the Lenders a legal, valid and enforceable first lien and security interest in the Collateral. All filings, recordings, deliveries of instruments, payment of intangible taxes, documentary stamp taxes and other recording fees and costs, and other actions necessary or desirable in the opinion of Agent to protect and preserve such lien and security interest shall have been duly effected. Agent shall have received evidence thereof in form and substance satisfactory to Agent.

Validity of Liens. The Security Documents shall be effective to create in favor of the Lenders Lender a legal, valid and enforceable first lien and security interest in the Collateral. All filings, recordings, deliveries of instruments, payment of intangible taxes, documentary stamp taxes and other recording fees and costs, instruments and other actions necessary or desirable in the opinion of Agent the Lender to protect and preserve such lien and security interest shall have been duly effected. Agent The Lender shall have received evidence thereof in form and substance satisfactory to Agentthe Lender.

Validity of Liens. The Security Documents shall be effective to create in favor of the Lenders Lender a legal, valid and enforceable first lien and security interest in the CollateralCollateral and first mortgage on the Project. All filings, recordings, deliveries of instruments, payment of intangible taxes, documentary stamp taxes and other recording fees and costs, instruments and other actions necessary or desirable in the opinion of Agent the Lender to protect and preserve such lien and security interest shall have been duly effected. Agent The Lender shall have received evidence thereof in form and substance satisfactory to Agentthe Lender.

Validity of Liens. The Security Documents shall be effective to create in favor of the Lenders Lender a legal, valid and enforceable first lien and security interest in and lien upon the Collateral, subject only to Permitted Liens. All filings, recordings, deliveries of instruments, payment of intangible taxes, documentary stamp taxes and other recording fees and costs, instruments and other actions necessary or desirable in the opinion of Agent the Lender to protect and preserve such lien and security interest interests shall have been duly effected. Agent The Lender shall have received evidence thereof in form and substance satisfactory to Agentthe Lender.

Validity of Liens. The Security Documents shall be effective to create in favor of the Lenders Lender a legal, valid and enforceable first lien and security interest in the CollateralCollateral (subject only to Permitted Liens entitled to priority under applicable law). All filings, recordings, deliveries of instruments, payment of intangible taxes, documentary stamp taxes and other recording fees and costs, instruments and other actions necessary or desirable in the opinion of Agent the Lender to protect and preserve such lien and security interest interests shall have been duly effected. Agent The Lender shall have received evidence thereof in form and substance satisfactory to Agentthe Lender.

Validity of Liens. The Security Documents shall be effective to create in favor of the Lenders Lender a legal, valid and enforceable first lien and security interest in the CollateralCollateral and first mortgage on the Mortgaged Premises. All filings, recordings, deliveries of instruments, payment of intangible taxes, documentary stamp taxes and other recording fees and costs, instruments and other actions necessary or desirable in the opinion of Agent the Lender to protect and preserve such lien and security interest shall have been duly effected. Agent The Lender shall have received evidence thereof in form and substance satisfactory to Agentthe Lender.