Common use of Validity, Perfection and Priority Clause in Contracts

Validity, Perfection and Priority. The pledge and security interests in the Pledged Collateral granted to the Pledgee constitute valid and continuing security interests in the Pledged Collateral. Subject to the Intercreditor Agreement and the liens in favor of the Collateral Agent, the security interests in the Collateral granted to the Pledgee for the benefit of the Pledgee and the Bank Product Providers hereunder constitute valid and perfected security interests therein superior and prior to the rights or claims of any other person or entity therein.

Validity, Perfection and Priority. The pledge and security interests in the Pledged Collateral granted to the Pledgee constitute valid and continuing security interests in the Pledged Collateral. Subject to the Intercreditor Agreement and the liens in favor of the Collateral Agent, the The security interests in the Collateral granted to the Pledgee for the benefit of the Pledgee and the Bank Product Providers hereunder constitute valid and perfected security interests therein superior and prior to the rights or claims of any other person or entity therein.

Validity, Perfection and Priority. (a) The pledge and security interests in the Pledged Collateral granted to the Pledgee constitute valid and continuing security interests in the Pledged Collateral. . (b) Subject to the Intercreditor Agreement and the liens in favor of the Collateral AgentAgreement, the security interests in the Collateral granted to the Pledgee for the benefit of itself, the Pledgee other Secured Parties and the Bank Product Providers Administrative Agent hereunder and under the Credit Agreement Pledge Agreement constitute valid and perfected security interests therein superior and prior to the rights or claims of any other person or entity therein.

Validity, Perfection and Priority. (a) The pledge and security interests in the Pledged Collateral granted to the Pledgee constitute valid and continuing security interests in the Pledged Collateral. Subject to the Intercreditor Agreement and the liens in favor of the Collateral Agent, the . (b) The security interests in the Collateral granted to the Pledgee for the benefit of the Pledgee itself and the Bank Product Providers hereunder other Secured Parties constitute valid and perfected security interests therein superior and prior to the rights or claims of any other person or entity therein.

Validity, Perfection and Priority. (a) The pledge and security interests in the Pledged Collateral granted to the Pledgee constitute valid and continuing security interests in the Pledged Collateral. . (b) Subject to the terms in the Intercreditor Agreement and the liens in favor of the Collateral AgentAgreement, the security interests in the Collateral granted to the Pledgee for the benefit of the Pledgee itself and the Bank Product Providers hereunder other Secured Parties constitute valid and perfected security interests therein superior and prior to the rights or claims of any other person or entity therein.

Validity, Perfection and Priority. The pledge and security interests in the Pledged Collateral granted to the Pledgee constitute valid and continuing security interests in the Pledged Collateral. Subject to the Intercreditor Agreement and the liens in favor of the Collateral Agent, the The security interests in the Collateral granted to the Pledgee for the benefit of the Pledgee and the Bank Product Providers Lenders hereunder constitute valid and perfected security interests therein superior and prior to the rights or claims of any other person or entity therein.