Validity, Perfection and Priority of Security Interests. The Liens in favor of the Agent provided pursuant to the Security Documents are valid and perfected first priority security interests in the Collateral (subject only to Permitted Liens), and all filings and other actions required by the Loan Documents to perfect the Liens on such Collateral have been taken on the Closing Date or shall be taken as promptly as practicable following the Closing Date.
Appears in 3 contracts
Samples: Loan Agreement (Pinstripes Holdings, Inc.), Loan Agreement (Banyan Acquisition Corp), Loan Agreement (Banyan Acquisition Corp)
Validity, Perfection and Priority of Security Interests. The Liens in favor of the Agent provided pursuant to the Security Documents are valid and perfected first priority security interests in the Collateral (subject only to Permitted Liens), and all filings and other actions required by the Loan Documents to perfect the Liens on such Collateral have been taken on the Closing Date or shall be taken as promptly as practicable following the Closing Date.
Appears in 2 contracts
Samples: Loan Agreement (Heritage Distilling Holding Company, Inc.), Loan Agreement (Heritage Distilling Holding Company, Inc.)
Validity, Perfection and Priority of Security Interests. The Liens in favor of the Administrative Agent provided pursuant to the Security Documents Instruments are valid and perfected first priority security interests in the Collateral (subject only to the Permitted Liens), and all filings and other actions required by the Loan Documents to perfect the Liens on such Collateral have been taken on the Closing Date or shall be taken as promptly as practicable following the Closing DateDate or in accordance with Section 6.19.
Appears in 1 contract
Samples: Credit Agreement (GSR II Meteora Acquisition Corp.)
