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.
Appears in 6 contracts
Samples: Security Agreement (Liquidmetal Technologies Inc), Security Agreement (Debt Resolve Inc), Series a Senior Preferred Equity Security Agreement (Powerhouse Technologies Group Inc)
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.
Appears in 5 contracts
Samples: Subordinated Security Agreement (Winwin Gaming Inc), Security Agreement (PLD Telekom Inc), Security Agreement (Satellite Enterprises Corp)
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.
Appears in 4 contracts
Samples: Pledge and Security Agreement (Usg Corp), Pledge and Security Agreement (Usg Corp), Pledge and Security Agreement (Usg Corp)
Validity of Security Interest. The Security Interest security interest of the Borrower constitutes a validlegal, legal valid and perfected enforceable first priority security interest in all of the Collateral for Collateral, securing the payment and performance of the Secured Obligations subject only to Permitted LiensObligations.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Royal Energy Resources, Inc.), Pledge and Security Agreement (Royal Energy Resources, Inc.), Pledge and Security Agreement (Royal Energy Resources, Inc.)
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,
Appears in 3 contracts
Samples: Credit Agreement (Crown Holdings Inc), u.s. Security Agreement (Crown Holdings Inc), u.s. Security Agreement (Crown Holdings Inc)
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.
Appears in 2 contracts
Samples: Security Agreement (Liquidmetal Technologies Inc), Security Agreement (Liquidmetal Technologies Inc)
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.
Appears in 2 contracts
Samples: Credit Agreement (Craftmade International Inc), Credit Agreement (Craftmade International Inc)
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 Second 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).
Appears in 2 contracts
Samples: Second Lien Term Loan and Guaranty Agreement, Second Lien Term Loan and Guaranty Agreement (Delta Air Lines Inc /De/)
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.
Appears in 2 contracts
Samples: Security Agreement (Material Technologies Inc /Ca/), Security Agreement (MATECH Corp.)
Validity of Security Interest. The Security Interest constitutes (i) 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 Obligations, and (ii) subject only to Permitted Liensthe filings and actions described in Section 3(h) above, a perfected security interest in all Collateral.
Appears in 1 contract
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.
Appears in 1 contract
Samples: Security Agreement (Airxcel Inc)
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).
Appears in 1 contract
Samples: First Lien Revolving Credit and Guaranty Agreement (Delta Air Lines Inc /De/)
Validity of Security Interest. The Security Interest constitutes (i) 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, and (ii) a perfected security interest in all Collateral.
Appears in 1 contract
Samples: Note Agreement (Unicorp Inc /New)
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.
Appears in 1 contract
Samples: Security Agreement (Quadramed Corp)
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.
Appears in 1 contract
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.
Appears in 1 contract
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.
Appears in 1 contract
Samples: Credit Agreement (American Bank Note Holographics Inc)
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.
Appears in 1 contract
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.
Appears in 1 contract
Samples: Security Agreement (National Parking Systems, Inc.)
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.
Appears in 1 contract
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.
Appears in 1 contract
