Common use of Validity, Perfection and Priority Clause in Contracts

Validity, Perfection and Priority. (a) The security interests in the Collateral granted to the Secured Party hereunder constitute valid and continuing security interests in the Collateral; and

Appears in 3 contracts

Samples: Security Agreement (Biogold Fuels CORP), Security Agreement (Auriga Laboratories, Inc.), Security Agreement (Trump Atlantic City Funding Inc)

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Validity, Perfection and Priority. (a) The security interests in the Collateral granted to the Collateral Agent for the benefit of itself and the other Secured Party Parties hereunder constitute valid and continuing security interests in the Collateral; and.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Terex Corp), Subsidiary Security and Pledge Agreement (Terex Corp)

Validity, Perfection and Priority. (a) The security interests in the Collateral granted to the Secured Party Parties hereunder constitute valid and continuing security interests in the Collateral; and

Appears in 2 contracts

Samples: Security Agreement (Microprose Inc/De), Security Agreement (World Waste Technologies Inc)

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Validity, Perfection and Priority. (a) The security interests in the Collateral granted to the Secured Party hereunder constitute valid and continuing security interests in the Collateral; and.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Atlantic Express Transportation Corp), Security and Pledge Agreement (Atlantic Express Transportation Corp)

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