Common use of Validity of Security Interest Clause in Contracts

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority security interest in all of the Collateral for payment and performance of the Secured Obligations subject only to Permitted Liens.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority security interest in all of the Collateral for payment and performance of the Secured Obligations subject only to Permitted LiensObligations.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority valid security interest in all of the Collateral for securing the payment and performance of the Secured Obligations subject only to Permitted LiensObligations.

Validity of Security Interest. The Security Interest constitutes (a) a valid, legal and perfected first priority valid security interest in all of the Collateral for securing the payment and performance of the Secured Obligations subject only to Permitted Liens.Obligations,

Validity of Security Interest. The Security Interest constitutes a security interests granted by Debtor constitute valid, legal and perfected first priority security interest interests (except for security interests permitted under the Credit Agreement) in all of the Collateral for which secure the payment and performance of the Secured Obligations subject only to Permitted LiensObligations.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority security interest in all of the Collateral for payment and performance of the Secured Obligations subject only to Permitted Liens.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority security interest in all of the Collateral for payment and performance of the Secured Obligations subject only to Permitted LiensObligations.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority valid security interest in all of the Collateral for payment and performance of the Secured Obligations subject only to Permitted LiensLiens and the limitations specifically set forth herein.

Validity of Security Interest. The Security Interest constitutes a valid, legal and (upon the filing of the Uniform Commercial Code financing statements and the assignments for security referred to in Section 7(b) above) perfected first priority security interest in all of the Collateral for payment and performance of the Secured Obligations subject only Obligations, except as otherwise permitted under the Credit Agreement and (with respect to Permitted Lienspriority) except as set forth in the Intercreditor Agreement.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority security interest in all of the Collateral Collateral, other than patents, patent applications, trade names and trademarks outside the United States which require registration and recording, for payment and performance of the Secured Obligations subject only to Permitted LiensObligations, except as otherwise permitted under the Credit Agreement.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority security interest in all of the Collateral for payment and performance of the Secured Obligations subject only to Permitted LiensObligations, except as otherwise permitted under the Credit Agreement.

Validity of Security Interest. The Security Interest constitutes a -------------------------------- valid, legal and perfected first priority security interest in all of the Collateral for payment and performance of the Secured Obligations subject only to Permitted LiensObligations.

Validity of Security Interest. The Security Interest constitutes a legal, valid, legal binding and perfected first priority enforceable security interest in all the Collateral securing the payment of the Collateral for payment and performance of the Secured First Priority Obligations subject only to Permitted Liens(except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditor rights generally or by general equity principles).

Validity of Security Interest. The Security Interest ----------------------------- constitutes a valid, legal and perfected first priority security interest in all of the Collateral for payment and performance of the Secured Obligations subject only to Permitted LiensObligations.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority security interest (except for Empire Advisors LLC until discharged) in all of the Collateral for payment and performance of the Secured Obligations subject only to Permitted Liens.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority security interest in all of the Collateral for payment and performance of the Secured Obligations Obligations, enforceable in accordance with the terms hereof against all creditors of the Borrowers and any persons purporting to purchase any Collateral from such Borrowers, and such Security Interest is prior to all other Liens on the Collateral in existence on the date hereof, subject only to Permitted Liens.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected valid first priority security interest in all of the Collateral for securing the payment and performance of the Secured Obligations subject only to Permitted LiensObligations.

Validity of Security Interest. The Security Interest constitutes a valid, legal and perfected first priority security interest in all of the Collateral for payment and performance of the Secured Obligations subject only to Permitted LiensObligations, except as otherwise permitted under the Credit Agreement or under the Security Agreement Patents and Trademarks.