Lender’s Liens. Any Loan Document that purports to create a Lien, shall, for any reason (other than as a result of any action or inaction on the part of Lender or in connection with a release of Collateral pursuant to the terms of this Agreement or any other Loan Document), fail or cease to create a valid and perfected Lien on Collateral and, except to the extent permitted by the terms of such Loan Document, a first priority Lien on the Collateral (subject to Permitted Liens) covered thereby;
Lender’s Liens. Any Lien created under the Credit Documents for any reason ceases to be or is not a valid and perfected Lien having a first priority interest, except for Peraiitted Encumbrances; 11.11
Lender’s Liens. The Administrative Agent shall have received satisfactory evidence that the Liens granted to it under the Security Documents are, or will concurrent with the filing thereof, be Acceptable Security Interests and that all actions (including the obtaining of any third-party consents to the granting of such Liens that are necessary or desirable but only to the extent required hereunder) or filings necessary to protect, preserve and validly perfect such Liens have been made, taken or obtained, as the case may be, and are in full force and effect; provided, to the extent any deposit account control agreement required hereunder is not able to be delivered by the Borrower on or prior to the Effective Date after using commercially reasonable efforts to do so, the Borrower shall deliver such deposit account control agreement within thirty (30) days thereafter (or such later date as the Administrative Agent may determine).
Lender’s Liens. Each Borrower hereby grants to Lender a security interest and continuing Lien on all right, title, and interest of each Borrower in and to all currently existing and hereafter acquired or arising Property in order to secure prompt repayment of the Obligations and in order to secure prompt performance by each Borrower of each of its covenants and duties under the Loan Documents, including without limitation, the following said Liens that shall be effective and perfected upon the date the Bankruptcy Court so orders (all such Liens granted to Lender together with any Liens granted in any other Loan Documents, the “Lender’s Liens”): (i) pursuant to Sections 364(c)(2) of the Bankruptcy Code, a valid, fully-perfected first priority senior Liens upon all the Property, whether existing on the Petition Date or thereafter acquired, that is not otherwise subject to a Lien; (ii) pursuant to Section 364(c)(3) of the Bankruptcy Code, valid, fully-perfected security interests in and Liens upon all the Property, whether existing on the Petition Date or thereafter acquired, which Liens shall be only subject to valid, perfected and unavoidable Liens in existence immediately prior to the Petition Date or valid and unavoidable Liens in existence immediately prior to the Petition Date that are perfected subsequent to the Petition Date as permitted by Section 546(b) of the Bankruptcy Code; (iii) pursuant to Section 363(d) of the Bankruptcy Code, Lender’s Liens shall not be subject or subordinate to (A) any Lien that is avoided and preserved for the benefit of Lender and its estate under Section 55l of the Bankruptcy Code, or (B) any Liens arising after the Petition Date, including any Liens granted in favor of any federal, state, local or other Governmental Authority for any liability of any Borrower; (iv) a Lien upon all Property over which a Lien can be granted pursuant to the Uniform Commercial Code as in effect in the State of Louisiana or any other applicable state; and (v) a mortgage on Properties to the extent permitted under the Outer Continental Shelf Lands Act and/or applicable state law; provided, however, the Lender’s Liens shall not include Borrowers’ claims and causes of action under Sections 544, 545, 547, 548 and 550 of the Bankruptcy Code or any other avoidance actions under the Bankruptcy Code, or any proceeds or property recovered therefrom.
Lender’s Liens. The Administrative Agent shall have received satisfactory evidence that the Liens granted to it under the Security Documents are, or will concurrent with the filing thereof, be Acceptable Security Interests and that all actions (including the obtaining of any third-party consents to the granting of such Liens that are necessary or desirable but only to the extent required hereunder) or filings necessary to protect, preserve and validly perfect such Liens have been made, taken or obtained, as the case may be, and are in full force and effect.
Lender’s Liens the Liens granted under the Loan Documents in favor of the Lender, including the Liens granted under Article IV with respect to the Collateral. Letter-of-Credit Rights: “letter-of-credit rights” as such term is defined in the UCC, now owned or hereafter acquired by any Person, including rights to payment or performance under a letter of credit, whether or not such Person, as beneficiary, has demanded or is entitled to demand payment or performance. License: any rights under any written agreement now held or hereafter acquired by any Person to use any trademark, trademark registration, copyright, copyright registration or invention for which a patent is in existence or other license of rights or interests now held or hereafter acquired by any Person, including the Trademark Security Agreement. Lien: any mortgage, security deed, deed of trust, pledge, hypothecation, assignment, security interest, lien (whether statutory or otherwise), charge, claim or encumbrance, or preference, priority or other security agreement or preferential arrangement held or asserted in respect of any asset of any kind or nature whatsoever including any conditional sale or other title retention agreement, any lease having substantially the same economic effect as any of the foregoing, and the filing of, or agreement to give, any financing statement under the UCC or comparable law of any jurisdiction. Loan Balance: as of any date, the aggregate outstanding principal amount of all of all Loans as of such date. Loan Documents: collectively, (a) this Agreement, (b) the Promissory Note, (c) the Trademark Security Agreement, (d) the Warrant, and (e) each other agreement, instrument or document executed and delivered by any Borrower in connection with the transactions contemplated by any of the foregoing (including, upon their execution and delivery by the Borrower, the agreements described in Sections 6.3(a)(i) and 6.3(b)).
Lender’s Liens. The Lender’s Liens are validly created, perfected, and first priority Liens, subject only to Permitted Liens.
Lender’s Liens. The provisions of this Agreement and the other Loan Documents shall, create legal and valid Liens on all of the Collateral in favor of the Lenders and the September Notes Lenders, and upon the making of such filings and taking of such other actions required to be taken hereby or by the applicable Loan Documents (including the filing of appropriate UCC financing statements with the office of the Secretary of State of the state of organization or formation of the Company and each Subsidiary Guarantor, the filing of appropriate notices with the U.S. Patent and Trademark Office and the U.S. Copyright Office, the proper recordation of mortgages and fixture filings with respect to any mortgaged property, the delivery to the Lenders and/or the September Notes Lenders of any stock or equivalent certificates or promissory notes required to be delivered pursuant to the applicable Loan Documents, and the filing and recordation of such other statements and documents as required by the applicable laws of each country acceptable to the Lenders and the September Notes Lenders, in their sole discretion, in which Collateral is located or the Company or any Subsidiary Guarantor is organized or formed), such Liens constitute perfected Liens on the Collateral of the type required by the Loan Documents securing the Collective Obligations to the extent such Liens may be perfected by such filings and the taking of such other actions.
Lender’s Liens. Except as expressly permitted under the Operative Documents, there are no Lender's Liens on the Vessel or the Owner Trust and on the Delivery Date there will not be any Lender's Liens on the Vessel or the Leasehold Interest or the Owner Trust. 4.6
Lender’s Liens. Any Lien created hereunder or provided for hereby or under any related agreement for any reason ceases to be or is not a valid and perfected Lien having a first priority security interest (except for the GECC Liens that are permitted to have a first priority security interest as between the GECC Lenders and Lender under the GECC/WBCC Intercreditor Agreement) unless not later than thirty (30) days after Borrowers receive notice thereof from Lender, such Default is remedied to Lender's Credit Judgment;
