Common use of Validity of Liens Clause in Contracts

Validity of Liens. (a) The Security Documents shall be effective to create in favor of the Administrative Agent a legal, valid and enforceable first-priority (except for Permitted Liens entitled to priority under applicable law) security interest in the Collateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Administrative Agent to protect and preserve such security interests shall have been duly effected. The Administrative Agent shall have received evidence thereof in form and substance satisfactory to the Administrative Agent.

Validity of Liens. (a) The Security Documents shall be effective to create in favor of the Administrative Agent a legal, valid and enforceable first-priority first (except for Permitted Liens entitled to priority under applicable law) security interest in and Lien upon the CollateralCollateral and the Subordination Documents. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Administrative Agent to protect and preserve such security interests shall have been duly effected. The Administrative Agent shall have received evidence thereof in form and substance satisfactory to the Administrative Agent.

Validity of Liens. (a) The Security Documents shall be effective to create in favor of the Administrative Managing Agent a legal, valid and enforceable first-priority (except for Permitted Liens entitled to priority under applicable law) security interest in the Collateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Administrative Managing Agent to protect and preserve such security interests shall have been duly effected. The Administrative Managing Agent shall have received evidence thereof in form and substance satisfactory to the Administrative Managing Agent.

Validity of Liens. (a) The Security Documents shall be effective to create ----------------- in favor of the Administrative Agent a legal, valid and enforceable first-priority first (except for Permitted Liens entitled to priority under applicable law) security interest in and lien upon the Collateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Administrative Agent to protect and preserve such security interests shall have been duly effected. The Administrative Agent shall have received evidence thereof in form and substance satisfactory to the Administrative Agent.

Validity of Liens. (a) The Security Documents shall be effective to create in favor of the Administrative Agent a legal, valid and enforceable first-priority first (except for Permitted Liens entitled to priority under applicable law) security interest in and Lien upon the Collateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Administrative Agent to protect and preserve such security interests shall have been duly effectedeffected (other than in respect of Mortgages to be delivered following the Closing Date). The Administrative Agent shall have received evidence thereof in form and substance satisfactory to the Administrative Agent.

Validity of Liens. (a) The Security Documents shall be effective to create in favor of the Administrative Agent a legal, valid and enforceable first-first priority (except for Permitted Liens entitled subject to priority under applicable lawthe Lien of the Term Loan Agent on Fixed Asset Collateral) perfected security interest in and Lien upon the Collateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Administrative Agent to protect and preserve such security interests shall have been duly effected. The Administrative Agent shall have received evidence thereof in form and substance satisfactory to the Administrative Agent.