Common use of Collateral; Security Interest Clause in Contracts

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties a legal, valid and enforceable first priority (subject only to Permitted Priority Liens) security interest in the Collateral subject thereto. The Security Documents collectively are effective to create in favor of the Secured Parties a legal, valid and enforceable first priority (subject only to Permitted Priority Liens) security interest in the Collateral subject thereto.

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties Lenders a legal, valid and enforceable first priority (subject only to Permitted Priority Liens) security interest in the Collateral subject thereto. The Security Documents collectively , which security interests are effective to create in favor of the Secured Parties a legalfirst-priority, valid and enforceable first priority (subject only to Permitted Priority Liens) security interest in the Collateral subject thereto.

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties a legal, valid and enforceable first security interests in the Collateral subject thereto to the extent required by the applicable Security Document, which security interests are, to the extent required by the Security Documents, perfected and first-priority (subject only to Permitted Priority Liens) security interest in the Collateral subject thereto. The Security Documents collectively are effective to create in favor of the Secured Parties a legal, valid and enforceable first priority (subject only to Permitted Priority Liens) security interest in the Collateral subject thereto).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties a legal, valid and enforceable first priority (subject only to Permitted Priority Liens) security interest in the Collateral subject theretothereto and each such security interest is perfected to the extent required by (and has the priority required by) the applicable Security Document. The Security Documents collectively are effective to create in favor of the Secured Parties a legal, valid and enforceable first security interest in the Collateral subject thereto, which security interests are first-priority (subject only to Permitted Priority Liens) security interest in Liens or except as expressly contemplated by the Collateral subject theretoSecurity Documents).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties a legal, valid and enforceable first priority (subject only to Permitted Priority Liens) security interest in the Collateral subject theretothereto and each such security interest is perfected to the extent required by (and has the priority required by) the applicable Security Document. The Security Documents collectively are effective to create in favor of the Secured Parties a legal, valid and enforceable first security interest in the Collateral, which security interests are first-priority (subject only to Permitted Priority Liens) security interest in to the Collateral subject theretoextent required by the applicable Security Document.

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties a legal, valid and enforceable first priority (subject only to Permitted Priority Liens) security interest in the Collateral subject theretothereto to the extent required by the applicable Security Document. The Security Documents collectively are effective to create in favor of the Secured Parties a legal, valid and enforceable first security interest in the Collateral, which security interests are perfected and first-priority (subject only to Permitted Priority Liens) security interest in the Collateral subject thereto).

Collateral; Security Interest. Each Security Document is effective to create in favor of the Secured Parties a legal, valid and enforceable first security interests in the Collateral subject thereto to the extent required by the applicable Security Document, which security interests are perfected and first-priority (subject only to Permitted Priority Liens) security interest in the Collateral subject thereto. The Security Documents collectively are effective to create in favor of the Secured Parties a legal, valid and enforceable first priority (subject only to Permitted Priority Liens) security interest in the Collateral subject thereto).