Collateral Document. Any Collateral Document after delivery thereof shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby.
Appears in 2 contracts
Sources: Loan Agreement (Akumin Inc.), Credit Agreement (Akumin Inc.)
Collateral Document. Any Collateral Document after delivery thereof shall for any reason (other than pursuant to the terms thereof) cease ceases to create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby.thereby having the priority contemplated by the Loan Documents; or
Appears in 2 contracts
Sources: Loan Agreement (Republic Airways Holdings Inc), Senior Secured Credit Agreement (Republic Airways Holdings Inc)
Collateral Document. Any Collateral Document after delivery thereof shall for any reason (other than pursuant to the terms thereof) cease to or otherwise not create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby.; or
Appears in 1 contract