First Priority Liens. Except for Permitted Liens, this Agreement, together with the Security Documents and the actions described in clauses (i), (ii) and (iii) of Section 3.2 of the Security Agreement, will create valid, perfected, first-priority security interests in the collateral described in the Security Documents, in each case enforceable against the Borrower and each of its Subsidiaries and securing the payment of all obligations purported to be secured thereby.
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Samples: Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Swisher Hygiene Inc.)
First Priority Liens. Except for Permitted Liens, this Agreement, together with the Security Documents and the actions described in clauses (i), (ii) and (iii) of Section 3.2 of the Security AgreementDocuments, will create valid, perfected, first-priority security interests in the collateral described in the Security Documents, in each case enforceable against the Borrower Parent and each of its Subsidiaries and securing the payment of all obligations purported to be secured thereby.
Appears in 3 contracts
Samples: Loan Agreement (Fountain Powerboat Industries Inc), Loan Agreement (Fountain Powerboat Industries Inc), Loan Agreement (Fountain Powerboat Industries Inc)
First Priority Liens. Except for Permitted Liens, this This Agreement, together with the Security Documents and the actions described in clauses (i), (ii) and (iii) of Section 3.2 of the Security AgreementDocuments, will create valid, perfected, first-priority security interests in the collateral described in the Security DocumentsCollateral, in each case enforceable against the Borrower and each of its Subsidiaries and securing the payment of all obligations purported to be secured thereby.
Appears in 1 contract
Samples: Credit Agreement (Synalloy Corp)
First Priority Liens. Except for Permitted Liens, this Agreement, together with the Security Documents and the actions described in clauses (i), (ii) and (iii) of Section 3.2 of the Security AgreementDocuments, will create valid, perfected, first-priority security interests in the collateral described in the Security DocumentsCollateral, in each case enforceable against the Borrower and each of its Subsidiaries Company and securing the payment of all obligations purported to be secured thereby.
Appears in 1 contract
Samples: Reimbursement and Security Agreement (Open Plan Systems Inc)
First Priority Liens. Except for Permitted Liens, this Agreement, together with the Security Documents and the actions described in clauses (i), (ii) and (iii) of Section 3.2 of the Security AgreementDocuments, will create valid, perfected, first-priority security interests in the collateral described in the Security Documents, in each case enforceable against the Borrower and each of its Subsidiaries Credit Party that is a party thereto, and securing the payment of all obligations purported to be secured thereby.
Appears in 1 contract
Samples: Credit Agreement (Jamba, Inc.)
First Priority Liens. Except for Permitted Liens, this Agreement, together with the Security Documents and the actions described in clauses (i), (ii) and (iii) of Section 3.2 of the Security Agreement, will create valid, perfected, first-priority security interests in the collateral described in the Security Documents, in each case enforceable against the Borrower Borrower, HB Service and each of its their respective Subsidiaries and securing the payment of all obligations purported to be secured thereby.
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